Tuesday, January 14, 2020
Impact
From its beginnings in the late 19th century when Atlanta was building its commercial and economic base, The Coca-Cola Company has served as a catalyst for progress. Over the years the company has made significant civic and financial contributions that have, in turn, supported and strengthened the city that Atlanta has become. The companyââ¬â¢s presence can be felt all across the city ââ¬â through its universities, civic and nonprofit institutions, and its public spaces. Giving back locally has long been a company priority, and that tradition of community support continues today at Pemberton Place.Named for Dr. John S. Pemberton, the pharmacist who invented Coca-Colaà ® in Atlanta in 1886, the 20-acre complex is currently home to the Georgia Aquarium and the NEW World of Coca-Colaà ® (opening May 2007). â⬠¢ Land Grants: The Coca-Cola Company donated nine acres to the Georgia Aquarium and 2. 5 acres to the City of Atlanta for construction of a human rights center. â⬠¢ Green Space for Atlanta: The land between the New World of Coca-Cola and Georgia Aquarium adds five acres of green space to downtown Atlanta. The Impact:* The combined estimated economic impact of the Georgia Aquarium and the New World of Coca-Cola is more than $105 million per year for Atlanta. â⬠¢ Jobs: The two attractions will create more than 2,700 direct and induced permanent jobs. â⬠¢ Visitation: One million people are expected to visit the New World of Coca-Cola annually. â⬠¢ 19 percent of the attractionââ¬â¢s visitors are expected to come from overseas. â⬠¢ Estimates indicate that 44 percent of out-of-town visitors to Pemberton Place will stay over night in local hotels resulting in more than $1 million in tax revenue per year.Key Milestones: Coca-Cola and Atlanta Impact The companyââ¬â¢s long history of community support includes: â⬠¢ Asa Candler, a company founder, donated $1 million to help defray the costs of establishing Emory University. â⠬ ¢ Robert Woodruff, president of The Coca-Cola Company for 60 years, led the effort to secure the Centers for Disease Control and Prevention (CDC) headquarters. The CDCââ¬â¢s annual economic impact in Georgia is $2. 5 million. â⬠¢ Brothers Robert and George Woodruff donated approximately $105 million to Emory University in 1979, which at that time was the largest single gift to an educational institution in the ationââ¬â¢s history. â⬠¢ Centennial Olympic Park received a gift of $33 million from The Coca-Cola Company (nearly half of the parkââ¬â¢s total cost). â⬠¢ The Coca-Cola Company contributed $10 million to support the construction of a new Symphony Hall. â⬠¢ The company contributed $1 million (including in-kind support) to the Brand Atlanta Campaign. â⬠¢ The company sold the building for the current World of Coca-Cola to the State of Georgia for a fraction of its appraised value. Along with many of its local bottlers, The Coca-Cola Company makes a significant impact on communities in each country where it operates.Estimates indicate that for every job within The Coca-Cola Company system, 10 additional jobs are created locally. In addition, the company devotes resources to a number of community-based initiatives around the world, including: Did you Know? Around the World: The Coca-Cola Company Citizenship Highlights â⬠¢ Vietnam: Launched the Coca-Cola Pushcart Project, which has provided pushcarts, initial product and sales training for more than 4,000 disadvantaged Vietnamese women since 2002. Kenya: Partnered with CARE to bring wells and water storage facilities to 45 schools in western Kenya.â⬠¢ Land Grants: The Coca-Cola Company donated nine acres to the Georgia Aquarium and 2. 5 acres to the City of Atlanta for construction of a human rights center. â⬠¢ Green Space for Atlanta: The land between the New World of Coca-Cola and Georgia Aquarium adds five acres of green space to downtown Atlanta. â⬠¢ The Impac t:* The combined estimated economic impact of the Georgia Aquarium and the New World of Coca-Cola is more than $105 million per year for Atlanta. Jobs: The two attractions will create more than 2,700 direct and induced permanent jobs. â⬠¢ Visitation: One million people are expected to visit the New World of Coca-Cola annually. â⬠¢ 19 percent of the attractionââ¬â¢s visitors are expected to come from overseas. â⬠¢ Estimates indicate that 44 percent of out-of-town visitors to Pemberton Place will stay over night in local hotels resulting in more than $1 million in tax revenue per year.Key Milestones: Coca-Cola and Atlanta Impact The companyââ¬â¢s long history of community support includes: Asa Candler, a company founder, donated $1 million to help defray the costs of establishing Emory University. â⬠¢ Robert Woodruff, president of The Coca-Cola Company for 60 years, led the effort to secure the Centers for Disease Control and Prevention (CDC) headquarters. The CD Cââ¬â¢s annual economic impact in Georgia is $2. 5 million. â⬠¢ Brothers Robert and George Woodruff donated approximately $105 million to Emory University in 1979, which at that time was the largest single gift to an educational institution in the nationââ¬â¢s history. Centennial Olympic Park received a gift of $33 million from The Coca-Cola Company (nearly half of the parkââ¬â¢s total cost). â⬠¢ The Coca-Cola Company contributed $10 million to support the construction of a new Symphony Hall. â⬠¢ The company contributed $1 million (including in-kind support) to the Brand Atlanta Campaign. â⬠¢ The company sold the building for the current World of Coca-Cola to the State of Georgia for a fraction of its appraised value. Along with many of its local bottlers, The Coca-Cola Company makes a significant impact on communities in each country where it operates.Estimates indicate that for every job within The Coca-Cola Company system, 10 additional jobs are created l ocally. In addition, the company devotes resources to a number of community-based initiatives around the world, including: Did you Know? Around the World: The Coca-Cola Company Citizenship Highlights â⬠¢ Vietnam: Launched the Coca-Cola Pushcart Project, which has provided pushcarts, initial product and sales training for more than 4,000 disadvantaged Vietnamese women since 2002. â⬠¢ Kenya: Partnered with CARE to bring wells and water storage facilities to 45 schools in western Kenya.
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