Gateway85 CID’s Latest Annual Report Shows 30:1 Partnership Funding
The CID continues to drive economic growth and community engagement through its ongoing efforts
Norcross, GA ‐ April 18, 2024 – Gateway85 Community Improvement District’s recently released its 2023 annual report which highlights the organization’s ability to successfully leverage investments from its members and partnerships with entities such as Gwinnett County, the Georgia Department of Transportation and the Georgia Transportation Infrastructure Bank (GTIB) at a ratio of 30:1. In addition, Gateway85 was able secure $25 million in committed funds from Gwinnett County SPLOST (Special Purpose Local Option Sales Tax) for continued infrastructure updates around the 14-square-mile district and hub for logistics, manufacturing and film production in the county.
Gateway85 CID is a driving force in Georgia’s economic landscape, boasting an annual economic impact of over $16.6 billion. As one of the largest CIDs in the state, Gateway85 plays a pivotal role in fostering development and enhancing the overall vitality of the region with more than $1.7 billion in property values.
“In 2023, Gateway85 CID witnessed incredible growth and success, fueled by our commitment to enhancing property values and fostering community collaboration,” said Emory Morsberger, executive director – Gateway85 CID. “Through strategic investments and invaluable partnerships, we’ve not only transformed our district but also laid the groundwork for a vibrant and prosperous future,” he added.
The full report highlights the CID’s prioritization of promoting the district’s diversity through a variety of projects, including a celebration of former president, Jimmy Carter, and his legacy, which included a year-long enhancement program for the CID’s main artery, Jimmy Carter Boulevard, and surrounding areas.
In the spirit of honoring President Carter, Gateway85 amplified voices of multinational pride through personal stories of local business owners and community leaders positively impacted by President Carter’s foreign policies and who have contributed to the economic impact of Gwinnett County. Multinational pride is a theme that Gateway85 has carried into 2024, with extensive efforts to support the Latino community in Gwinnett as well.
“As we look ahead to the rest of 2024, we remain dedicated to building upon our successes and continuing to elevate Gateway85 CID as a premier destination for businesses and residents alike.”
Read the 2023 Annual Report here.
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About Gateway85 CID
Gateway85 Community Improvement District is one of the largest CIDs in the state of Georgia. The public-private partnership is funded by commercial property owners in the 14-square mile area, spanning the I-85 corridor in southwest Gwinnett County. Formed in 2006, the formerly named Gwinnett Village CID represents more than 550 owners, accounting for $1.7 billion in commercial property value. Gateway85 succeeds by partnering with Georgia DOT, the Atlanta Regional Commission, Gwinnett County, Norcross and Peachtree Corners. These partnerships have led to over $110 million in improvements since 2006 and are on track to produce another $179 million in progress by 2030. For more information, please visit the website, or connect via Facebook, Twitter, LinkedIn or Instagram.
Media Contacts:
Sharon Goldmacher, on behalf of Gateway85 CID
communications 21
sgoldmacher@c21pr.com
404.814.1330
Sydney Garde, on behalf of Gateway85 CID
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sgarde@c21pr.com
404.814.1330
