Posted inLatest News

Charitable giving in the United States beginning to recover

By Maria Saporta

After a couple of bleak years, it appears that charitable giving is coming back.

That was the message at a recent presentation by David King, a board member of the Giving USA Foundation, which conducts an annual study on philanthropic trends.

In 2010, there was $290.89 billion in charitable giving, a 3.8 percent increase in current dollars over 2009. The total giving in 2009 was $280.30 billion.

“Most definitely, things have turned around,” said King, managing partner and president of Alexander Haas Martin & Partners, after his presentation at Oglethorpe University. “The worst is over, but I don’t think we are going to get back to where we were in 2007 in the near future.”

Posted inATL Business Chronicle

Column: Aaron’s Loudermilk to get Four Pillar Award

By Maria Saporta
Friday, June 17, 2011

R. Charles Loudermilk Sr., founder of Aarons Inc., will receive one of the premier awards of the year.

The Council for Quality Growth will give Loudermilk its 2011 Four Pillar Award on Oct. 6 at a dinner at the Georgia World Congress Center. The award is given to people who have excelled in these four pillars: quality, responsibility, vision and integrity.

“That’s Charlie Loudermilk,” said John Portman, Atlanta’s well-known architect and developer. “He scores out of sight on all of those things.”

Posted inATL Business Chronicle

Georgia Dome expects 40,000 for Primerica convention

By Maria Saporta
Friday, June 17, 2011

Primerica Inc. is having its own debut party this weekend.

That’s when 40,000 of its employees and sales force will descend on the Georgia Dome for its biennial convention that begins Friday, June 17 — generating a $44 million economic impact.

It will be Primerica’s first convention in Atlanta since its newfound independence as a stand-alone insurance and financial services company. On April 1, 2010, the company split off from Citigroup (NYSE: C), and it is now an independent Duluth, Ga.-based company (NYSE: PRI). It had not been independent since 1990.

The opening event will be especially moving. The company’s original founder — Art Williams — will be a featured speaker, the first time he’s appeared and spoken at a company event since he sold the company in 1990.

Posted inLatest News

Metro leaders seek grassroots support for regional transportation sales tax

By Maria Saporta

Now the hard work begins — shrinking a wish list of $22.9 billion worth of transportation projects into a list that is estimated to cost a total of $6.14 billion over the next 10 years.

But numerous questions remain.

At Monday’s Fulton County Transportation Summit, it was clear that a division exists among leaders in the county.

Virtually the whole meeting was dedicated to discussing the future of rail transportation in the region.

But several mayors in north Fulton have already been expressed their displeasure with the proposed tax because they already pay a one-penny sales tax.

Posted inLatest News

Chancellor Erroll Davis named interim superintendent of Atlanta’s public schools

By Maria Saporta

It’s official.

The Atlanta Board of Education voted Monday to name Erroll Davis, the outgoing chancellor for the Georgia Board of Regents, as the interim school superintendent (see previous posts in Latest Reports).

In an 8-0 vote (one board member was out of town), the school board picked Davis to succeed Superintendent Beverly Hall, whose last day will be June 30. By the way, Davis’ last day as chancellor also will be June 30, and he will become the interim on July 1.

Meanwhile, the board also is continuing its search for a permanent superintendent. It will interview three finalists for the position on Friday, but Atlanta Mayor Kasim Reed said he will not support any superintendent that has been selected under the current governance of the Atlanta Board of Education.

Posted inLatest News

Mayor Kasim Reed’s business cabinet endorses Erroll Davis as interim APS superintendent

By Maria Saporta

The Atlanta Committee for Progress, at its regular quarterly meeting Monday morning, weighed in on the current situation of the Atlanta Public Schools by strongly supporting a plan to name outgoing Georgia Board of Regents Chancellor Erroll Davis as the interim superintendent.

“Because of his impeccable credentials, many of us see Mr. Davis as offering a lot of stability and affording us the time to do a national search for a best in class superintendent to serve the long term needs of the students in the Atlanta public schools,” said Phil Kent, ACP’s chairman and CEO of Turner Broadcasting.

Kent went on to say that Davis has strong support from Gov. Nathan Deal, the philanthropic community and a broad group of organizations, including 100 Black Men of Atlanta, which initially presented his name.

Posted inMaria's Metro

Historic Fourth Ward Park opens with more opportunities for the BeltLine and its parks

Few occasions are as uplifting as those when a city can dedicate a splendid new park for its residents.

That air of celebration was readily apparent at the opening of the Historic Fourth Ward Park on Saturday, June 18.

“There’s a saying among mayors,” said Atlanta Mayor Kasim Reed, while dedicating the park. “Boy, when it’s good, it’s good.”

As in all successful endeavors, many people deservedly are given credit for their roles in bringing the park to life — beginning with the vision of community activist Bill Eisenhauer.

The park is an amenity with multiple functions — the 2-acre lake serves as a

Posted inLatest News

Marcus plans school for autistic children; talks about jobs, GE, Blake and Nardelli

By Maria Saporta

In a luncheon talk to the Atlanta Press Club Wednesday, Bernie Marcus announced plans to build a school to serve children with autism.

Marcus, co-founder of the Home Depot and a leading philanthropist, founded the Marcus Institute in 1990 to serve children with developmental disabilities.

Since then, the facility has focused its efforts on children with autism. Also, Marcus then turned the Marcus Center to Children’s Healthcare of Atlanta to give it greater stability.

“This morning, I had a meeting about actually taking the Marcus Autism Center and taking it to education,” Marcus told the Atlanta Press Club Wednesday. “We are probably going to open a school very shortly for children with autism.”

Posted inATL Business Chronicle

Column: Woodruff Arts Center surpasses $8.8 million fundraising goal

By Maria Saporta
Friday, June 10, 2011

The Woodruff Arts Center has 8.8 million reasons to celebrate.
After two years of falling short of its campaign goal, the Woodruff Arts Center surpassed its $8.8 million goal of its 2010-2011 annual corporate campaign.

But that’s not all. For the first time in its history, the center received its first $500,000 corporate contribution. And amazingly, the center actually had three corporate donors giving $500,000 — The Coca-Cola Co., the Georgia Power Foundation and United Parcel Service Inc.

“In the midst of national and local reports of declining support for the arts, the Woodruff has a great story,” said Kurt Kuehn, the chief financial officer of UPS

Posted inLatest News

Shareholders approve AGL-Nicor merger with goal to close by the end of the year

By Maria Saporta

Shareholders of AGL Resources Tuesday morning approved the pending merger between the Atlanta-based natural gas company and Nicor Inc., which is based in Naperville, Ill.

The meeting was relatively short as more than 90 percent of the votes cast approved the merger. There were no questions from shareholders during the meeting.

About 95 percent of the shares cast approved increasing the number of AGL board seats from 15 to 16. Currently, AGL has 12 directors. The vote will permit ACL to add four members of Nicor’s board to the board of the merged company.

Posted inLatest News

Erroll Davis being proposed as interim superintendent of Atlanta’s public schools

By Maria Saporta

The name of Erroll Davis Jr., former Chancellor of the Georgia Board of Regents, is being put forth to be the interim superintendent for the Atlanta Public Schools.

Among the organizations supporting Davis for the sensitive position is 100 Black Men of Atlanta.

Gregory Hawkins, chairman of 100 Black Men of Atlanta, sent a letter to the search firm involved in helping select the leadership for APS strongly recommending Davis for the interim post.

The letter stated that Davis “has a proven track record in the education and academic arena serving in his former position since early 2006.”

Posted inLatest News

U.S. Chamber’s Tom Donohue tells Atlanta Rotary how business is faring in D.C.

By Maria Saporta

There was lots of patting on the back at he Rotary Club of Atlanta’s luncheon Monday with Tom Donohue, president of the U.S. Chamber of Commerce, as the keynote speaker.

Donohue was introduced by Sam Williams, president of the Metro Atlanta Chamber, who said Donohue was “making an incredible difference in Washington.”

Williams also told a story of when Donohue, president and CEO of the American Trucking Association, was being considered for the top chamber job in 1997.

Posted inATL Business Chronicle

Regions Bank moving to Midtown tower

By Maria Saporta
Friday, June 10, 2011

Atlanta’s sixth-largest bank will move to Midtown’s Atlantic Center Plaza, where it will put its name across the top of the 24-story tower — instantly raising its profile.

Regions Financial Corp. plans to consolidate employees from several offices across North Atlanta where its leases are expiring. It wanted to bring its staff under one roof, make its real estate footprint more efficient and save costs, said Bill Linginfelter, the bank’s area president for Georgia and South Carolina.

The biggest advantage, though, might be visibility. The Downtown Connector cuts through Midtown and it’s lined with some of Atlanta’s most prominent office towers.

It’s the same advantage that has drawn banks from other parts of the city to Midtown, including Citizens & Southern

Posted inMaria's Metro

Atlanta roundtable trying to figure out transit investment; Charlotte, N.C. shows the way

For decades, the third rail for transit in Georgia has been money.

The state’s gas tax is constitutionally limited to funding roads and bridges — giving the state a convenient excuse for not investing in public transit or alternative transportation modes, such as sidewalks, bicycle and multi-purpose paths.

As a result, almost all of the state’s transit systems have been financed by county governments, or in the case of the Atlanta, Fulton and DeKalb — the one-penny MARTA sales tax.

Posted inLatest News

Fair Share Initiative: Transit and transportation alternatives should get half of sales tax

By Maria Saporta

Transit and alternative modes of transportation should make up half of the project list now being put together by the Metro Atlanta Regional Roundtable.

That’s the position taken in a “white paper” prepared by the Livable Communities Coalition and its Fair Share for Transit Initiative that is being presented to the roundtable in time for its meeting Thursday morning.

The roundtable’s project list will be on the ballot in 2012 as part of the one penny regional transportation sales tax. The roundtable will have to complete its proposed list by Oct. 15 of this year.

Posted inLatest News

Transit summit of Atlanta’s northern suburbs seen as ‘breakthrough moment’

By Maria Saporta

Forty years ago, voters in Cobb, Gwinnett and Clayton counties said “no” to MARTA — and that led to the rail transit system being built in only two counties — Fulton and DeKalb.

Fast forward to 2011. On Wednesday morning, leaders in Cobb, Gwinnett and Fulton held a summit to encourage the development of a regional transit system — especially in the north metro area.

The Metro Atlanta Northern Crescent Transit Summit is the outgrowth of a growing partnership between the Cobb County Chamber of Commerce, the North Fulton Chamber of Commerce and the Gwinnett Chamber of Commerce as well as government leaders in those jurisdictions.

Posted inATL Business Chronicle

Column: TV still making green, Gray Television tells investors

By Maria Saporta
Friday, June 3, 2011

Broadcast television is alive and well.

That was the theme at the annual meeting of Atlanta-based Gray Television Inc. held on June 1.

“It has been pretty much of a roller coaster ride with the economy,” said Robert Prather, president and chief operating officer of Gray Television. “2009 was the worst year ever for the broadcast television industry. But 2010 turned out to be the best year in our history. And 2011 has started out better than many of us expected.”

Posted inMaria's Metro

Conservative leader makes case for streetcars and rail transit in metro Atlanta

If the Atlanta region wants the regional transportation sales tax to pass in 2012, it will need the votes of at least some conservatives.

Plus the region will need to convince those same conservatives that investing in public transit is in their own best interests.

That was the message that William Lind, director of the American Conservative Center for Public Transportation based in Arlington, Va., delivered to the Sustainable Atlanta Roundtable breakfast meeting on June 3.

But Lind also advised metro Atlanta leaders the referendum would have the best chance to pass if it were held during the general election in November rather than as it’s currently scheduled — the July 31 primary

Posted inATL Business Chronicle

Fortune 500 list overstates Atlanta’s headquarters rank

By Maria Saporta
Friday, June 03, 2011

Atlanta has for years taken great pride in being a top five city for Fortune 500 headquarters.

In fact this year, Fortune magazine proclaimed Atlanta was tied for third (up from fourth) with Dallas, with each city having 10 Fortune 500 company headquarters. The Fortune 500 issue was published May 23.
But Fortune’s list is flawed.

Atlanta’s true rank actually is several notches lower, according to a review by Atlanta Business Chronicle of different communities with large clusters of Fortune 500 headquarters.

Posted inATL Business Chronicle

Column: Boy Scouts tie a knot on $15 million campaign

By Maria Saporta
Friday, May 27, 2011

The Atlanta Area Council of the Boy Scouts of America is celebrating the news that it has reached its $15 million capital campaign goal.

The “When Tradition Meets Tomorrow” campaign is being invested in building new facilities at the Bert Adams Scout Reservation near Covington and to make improvements at the Woodruff Scout Reservation and Allatoona Aquatics Base.

The campaign was chaired by Gary Fayard, executive vice president and chief financial officer for The Coca-Cola Co. Steve Sitton, president of the Atlanta Area Council and president of AT&T Mobility and Consumer Markets for the Southeast region, also helped get the campaign to reach its goal.

Gift this article