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Mayor Kasim Reed Announces Global Insights Company Equifax to Expand Atlanta Footprint

Post Date:04/14/2016 9:30 AM
Mayor Kasim Reed press release header

 Mayor’s Office of Communications
55 Trinity Avenue, Suite 2500 • Atlanta, Georgia 30303

Anne Torres, Director
404-330-6423, office
404-904-2618, cell
amtorres@atlantaga.gov

Jenna Garland, Press Secretary
404-330-6612, office
404-357-5579, cell
jgarland@atlantaga.gov

FOR IMMEDIATE RELEASE: April 14, 2016

News Release

Mayor Kasim Reed Announces Global Insights Company Equifax to Expand Atlanta Footprint

Office relocation will bring over 650 jobs to Atlanta

ATLANTA – Mayor Kasim Reed today announced that Atlanta-based Equifax (NYSE:EFX), a global insights company and multinational leader in consumer, commercial and workforce information solutions, has signed a multi-year lease to expand its offices into 100,000 square-feet of space at One Atlantic Center (OAC) in the heart of midtown. The expansion is expected to generate over $75.8 million of economic impact as a result of Equifax’s $17 million investment in the project.

“I am pleased that Equifax, one of Atlanta’s premier home-grown companies, will deepen its commitment to our city through additional investment and growth. As CEO, Rick Smith has demonstrated his dedication to supporting the success of our city while also building a successful and innovative company,” said Mayor Reed. “Over the past decade, Equifax has transformed itself from a credit bureau to a global data and analytics company, contributing to Atlanta’s strong and growing FinTech sector. Forward-looking, technology-driven companies are choosing Atlanta as the place to expand their businesses and add well-paying, family-supporting jobs.”

Built in 1987 between the intersection of 14th and West Peachtree Streets, the new office space in the 50-story iconic skyscraper will serve as an extension of Equifax’s operations and join the company’s other two current metro Atlanta locations. Construction is expected to begin in September 2016 and the company plans to begin occupying the space in two phases, with the first occurring in February 2017 and the final phase occurring in July 2017.

“After considering several locations, we decided it was in the best interest of the company, our Atlanta-based employees, and the community to expand in Atlanta and further strengthen our roots that date back 117 years, and position for a great future that includes a growth trajectory of 600-700 jobs over the next several years,” said Andy Bodea, Chief Global Operations Officer for Equifax. "We naturally gravitated to midtown with its terrific access to a prominent engineering school and a growing reputation for innovation and technology hubs that are a magnet for great talent.”

Invest Atlanta, the economic development authority for the City of Atlanta, played a key role in supporting this project and the company’s decision to expand. The opportunity to grow into the space in Midtown and the strength of the Atlanta’s FinTech sector affirmed Equifax’s decision.

The project was also supported by the Georgia Department of Economic Development (GDEcD).

“It is always a great day when we have the ability to celebrate quality job opportunities for Georgia citizens,” said GDEcD Commissioner Chris Carr. “On behalf of the Georgia Department of Economic Development, we would like to congratulate Equifax Inc. on this expansion which will create more than 150 net new jobs, and we look forward to future growth.”

About Equifax
Equifax powers the financial future of individuals and organizations around the world. Using the combined strength of unique trusted data, technology and innovative analytics, Equifax has grown from a consumer credit company into a leading provider of insights and knowledge that helps its customers make informed decisions. The company organizes, assimilates and analyzes data on more than 800 million consumers and more than 88 million businesses worldwide, and its databases include employee data contributed from more than 5,000 employers.

Headquartered in Atlanta, Ga., Equifax operates or has investments in 21 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 9,200 employees worldwide.

Some noteworthy achievements for the company include: Ranked 13 on the American Banker FinTech Forward list (2015); named a Top Technology Provider on the FinTech 100 list (2004-2015); named an InformationWeek Elite 100 Winner (2014-2015); named a Top Workplace by Atlanta Journal Constitution (2013-2015); named one of Fortune’s World’s Most Admired Companies (2011-2015); named one of Forbes’ World’s 100 Most Innovative Companies (2015). For more information, visit www.equifax.com.


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For more information about the City of Atlanta, please visit http://www.atlantaga.gov or watch City Channel 26. Follow the City of Atlanta on Facebook and Twitter @CityofAtlanta. Follow Mayor Reed on Facebook and Twitter @Kasim Reed

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