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Atlanta Business Chronicle
Atlanta's watershed commissioner is a month into the job
Atlanta's new watershed commissioner faces a significant challenge roughly one month into the job. <\p> Atlanta Watershed Management Commissioner Al Wiggins Jr. was appointed by Mayor Andre Dickens on May 2.<\p>
Atlanta United fires head coach; no timetable to fill role
Atlanta United fired head coach Gonzalo Pineda on Monday.<\p> The firing came less than 24 hours after United fell, 3-2, to Charlotte FC at Mercedes-Benz Stadium. It was the team's fifth consecutive home loss. United previously had not lost more than four home games in a season.<\p>
How a popular restaurant is dealing with the water crisis
Armando Celentano and his staff were getting ready for a busy Friday night when the water pressure dropped.<\p> Celentano owns Argosy, a popular restaurant in East Atlanta Village. On weekend evenings when the weather is nice, patrons will fill the expansive dining room and spill out onto the patio to eat burgers, meatloaf, wings and wood-fired pizzas. The lengthy craft beer menu keeps folks around long after their plates have been cleared. <\p>
Atlanta luxury homes still appeal to out-of-state buyers
Atlanta’s luxury housing market saw growth early this year after a comparably static 2023.<\p> Keeping with pandemic-era trends, Atlanta’s luxury real estate market continues to attract interested buyers from outside the state, including those from other parts of the world.<\p>
Small-business grants you can apply for this month
Despite the seemingly endless number of challenges that come along with being a small-business owner, the vast majority of entrepreneurs recommend it. <\p> A survey of employed adults and small-business owners by Justworks and The Harris Poll earlier this year revealed that 93% of small-business owners would recommend business ownership to others, with 59% saying it was easier than they had anticipated. <\p>
Midtown water main break still disrupts business; Google tower closed
A ruptured water main in Midtown continues to disrupt business across parts of the district, with a 31-tower story office tower anchored by Google remaining closed this morning<\p> Early Monday, the city issued an update that areas near the water main at 11th, 12th and West Peachtree should expect temporary water outages. Crews are working on a broken water main near the 1105 West Peachtree tower where Google maintains its Atlanta offices. The intersection is also about a mile north of Emory University Hospital Midtown, one of the city hospitals that felt the brunt of the disruptions.<\p>
City declares state of emergency amid water line breaks
The city of Atlanta declared a state of emergency amid the ongoing water shortage, Mayor Andre Dickens said late Saturday.<\p> Dickens announced the state of emergency within the past hour. The move helps with the quick procurement of equipment and other resources to deal with the crisis, the city said. <\p>
E-commerce platform for metals lands new CEO, $30M
An Atlanta-based online marketplace for industrial metals has selected a new chief executive as it eyes more growth.<\p> Reibus International Inc. hired Jared Rowe as CEO and chairman of the board, the company said May 31. <\p>
Creature Comforts CEO steps down; new leader named
A new leader is on tap for Georgia’s largest independent craft brewery.<\p> Chris Herron is stepping down as CEO of Athens-based Creature Comforts Brewing Co., a role he’s held since the brand launched a decade ago.<\p>
Local hospital upgraded to Level 1 trauma center
Metro Atlanta has a new Level 1 trauma center.<\p> Wellstar Kennestone Regional Medical Center in Marietta received Level 1 verification from the American College of Surgeons and designation from the Georgia Department of Public Health State Office of EMS and Trauma. <\p>
MARTA clears key hurdle in 64-acre station makeover
Local officials have given the green light for MARTA's mixed-use transformation of its easternmost rail station.<\p> The DeKalb County Board of Commissioners recently agreed to rezone a swath of land surrounding the Indian Creek station, the final stop on the Blue Line located off Durham Road and adjacent to Interstate 285. The approval would allow the transit agency to realize its vision for a dense makeover of the 64-acre site.<\p>
More workers are staying with their current employer in 2024
Most U.S. employees are now choosing to stay with their jobs instead of looking for new ones, a sharp turnaround from the job reshuffling that was common during the Covid-19 pandemic. <\p> A new survey by global advisory firm WTW found 72% of employees are choosing to stay with their employer — up substantially from the 53% who said the same thing in 2022. Back then, about 25% of workers were open to job offers, compared to just 11% now.<\p>
Prospective homebuyers are missing out as sellers cut their prices
The chronically troublesome housing market is seeing more price drops, but that doesn’t necessarily translate into relief for homebuyers.<\p> Data from real estate firm Redfin Corp. shows 6.4% of active listings on the platform had a price drop through the week ending May 26. While that's not a massive portion of listings, the percentage is substantially higher than the 4.4% of listings with price drops recorded during the same time in 2023.<\p>
A rising cost for companies and employees takes hold as summer arrives
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> In the coming weeks, schools around the nation will be out, and many employees will find themselves scrambling for child care options.<\p>
Kemp calls for more nuclear power
For years, Southern Co.'s expansion of Plant Vogtle has been criticized for cost overruns and delays. <\p> Now that the nuclear plant's two new units are online, the utility is promoting its work and state officials are touting economic benefits.<\p>
MARTA grilled over Five Points closure
MARTA is taking flak for its plan to close street-level access to the Five Points station during a four-year overhaul to the region's busiest rail hub.<\p> Downtown leaders, elected officials and transit advocates are urging MARTA to find an alternative to closing the station, which is set to take effect from July 29 through 2028, with a brief reopening during the 2026 FIFA World Cup. At a Wednesday briefing with MARTA CEO Collie Greenwood, Atlanta City Council criticized the disruption and questioned whether it would be worth the outcome.<\p>
Home Depot hires EVP of customer experience
Home Depot has a new leader in charge of driving customer satisfaction.<\p> Atlanta-based The Home Depot Inc. (NYSE: HD) has promoted Jordan Broggi to executive vice president of customer experience, effective June 3. In addition to the promotion, Broggi will retain his role as president of Home Depot's online division.<\p>
Former CNN Center draws interest from retailers, production companies
When Atlanta media mogul Ted Turner purchased the struggling behemoth that was once the Omni International Complex in the mid-1980s, he brought thousands of workers to the city’s core.<\p> Now, real estate company CP Group sees a similar opportunity to give a jolt to the Downtown landmark, known for its brutalist design. The 1.2 million-square-foot former CNN Center sits mostly empty except for a few food court tenants.<\p>
NC-based credit union expanding into Georgia
A regional chain of community development financial institutions says it will expand into Atlanta later this year.<\p> Durham, N.C.-based Self-Help Credit Union is planning to open its first location in West End this summer.<\p>
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