ATLANTA (March 5, 2013) – Sen. Hunter Hill (R- Smyrna) recognized members of the Cumberland Community Improvement District through the passage of Senate Resolution 259 on Monday, March 4 at the State Capitol.
“I was proud to recognize members of the Cumberland Community Improvement District in making Cobb County even more economically viable,” said Sen. Hill. “These unique improvement districts are essential to ensuring the long-term economic growth and fiscal stability of communities throughout Georgia.”
Community Improvement Districts (CIDs) are public-private partnerships which allow the local business community to invest in infrastructure planning, funding and project delivery in order to enhance property values for the benefit of commercial owners as well as local municipalities.
The Cumberland CID was launched in 1988 as the first in the State of Georgia. The Cumberland submarket is one of the largest and most active economic engines in the state, totaling an estimated 5 percent of the State of Georgia’s economy. Companies headquartered within the Cumberland CID include The Home Depot, GE Energy, Genuine Parts Company, Travelport and BlueLinx.
The Cumberland CID has also worked to advance critical infrastructure projects, including the $90 million Cumberland Boulevard Interchange, also known as the Kennedy Exchange, and the $18 million reconstruction of the U.S. 41 Bridge over the Chattahoochee River which connects Cobb and Fulton Counties.
Community Improvement Districts are not mandated by government and are voluntarily established by local businesses for community improvement.
For Immediate Release:
March 5, 2013
For Information Contact:
Jennifer Yarber, Interim Director
Shawna Mercer, Sr. Communications Specialist