• Increase font size
  • Default font size
  • Decrease font size
You are here: Home

Latest News

What is a CID?

A Community Improvement District (CID) is a geographically defined area where commercial and industrial properties increase their own tax rate to fund improvements. CIDs partner with local governments, business professionals and surrounding residents.

How is a CID formed?

Written consent is obtained from a majority of owners representing at least 75 percent of the district's property value. The local government authorizes the CID's creation.

What does a CID do?

CIDs identify issues that need to be addressed and lead in providing solutions. They focus on community appearance, public safety, infrastructure upgrades, economic development and transportation improvements.

Who runs the CID?

A Board of Directors is chosen from area property owners. Additional members are appointed by local government authorities.

Articles

Ready for 2,000 New Jobs by Year End 2013

Tool Source Warehouse building frontDeKalb County's need to expand employment opportunities is stronger than ever, and the Stone Mountain Community Improvement District (CID) is assisting with job growth.

CID leaders are committed to bringing 2,000 new jobs to the Mountain Industrial Boulevard corridor by year end 2013 – a pursuit already generating results in an area ready for business development.

Tool Source Warehouse Inc. plans to add 200 jobs by taking over an open building on Mountain Industrial Boulevard. This is the first of many such anticipated announcements even during the still-early stages of the employment effort.

Also, Wells Fargo Bank has shown strong support for the CID's commitment to job creation with a $5,000 investment to assist with area enhancements.

As CID President Emory Morsberger explained, the area currently has approximately 2 million square feet of existing, available space ready for virtually any employer to occupy.

"The CID is working on many fronts to increase the attractiveness of this community and make it a place where businesses know they can thrive," Morsberger said. "We are perfectly situated and offer many unique opportunities, making this a prime location. Interest is growing for what we have to offer, and we know we can help create at least 2,000 jobs by year end 2013."

CID representatives are regularly meeting with DeKalb County economic development personnel, real estate experts, brokers, dealers and other state and local leaders.