ATLANTA BUSINESS CHRONICLE-- Media conglomerate CBS Corp. will open a technology center near Perimeter Mall that will provide IT support to the Fortune 500 company's properties.
The IT and software services operation would initially create more than 100 skilled jobs. CBS is expected to announce the project June 29.
The move will add to the "Tiffany Network's" presence in Atlanta. CBS (NYSE: CBS) owns three radio stations and has a television affiliate in Atlanta. The company also has a sales force that supports its outdoor advertising business.
The CBS IT expansion was code-named Project Thunder and later Project Lightning in economic development circles. Atlanta Business Chronicle first reported news of the project April 20.
CBS will put the IT operation in about 25,000 square feet at Peachtree Dunwoody Pavilion, a four-building office complex at 5775 Peachtree-Dunwoody Road N.E., sources said.
CBS had considered sites in Dunwoody and Midtown. The company is also said to have considered other cities, including Tampa, Fla., and Dallas.
CBS could receive economic incentives via Georgia's Regional Economic Business Assistance (REBA) program. The program is used to help "close the deal" when companies are considering Georgia and another state or country for their location or expansion.
REBA funds may be used to finance various needs of a company, including infrastructure, real estate acquisition, construction, or machinery and equipment.
Courtesy of Urvaksh Karkaria, Staff Writer- Atlanta Business Chronicle