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Camp Creek Parkway sets path for growth

ATLANTA -- There's more momentum to stimulate growth on Atlanta's south side.

Community leaders have launched an effort to form a community improvement district, or CID, on Camp Creek Parkway, a corridor that developers began to focus on several years ago, turning it into a magnet for new logistics operations and retail projects.

They want the district in place by mid-July.

It aims to stem the tide of fatal car crashes that have plagued Camp Creek Parkway, and it could spur revitalization of the Aiport West Market Area. It also comes as local leaders try to expand the concept of the Aerotropolis, an urban development plan anchored by a major airport -- in this case, Hartsfield-Jackson Atlanta International.

JP Morgan Chase, Brookings Institution start Global Cities Initiative in Atlanta

JP Morgan Chase, Brookings Institution start Global Cities Initiative in Atlanta

(ATLANTA BUSINESS CHRONICLE) -- Metro Atlanta leaders will seek to grow the region's global business opportunities through a new initiative kicked off Wednesday by JP Morgan Chase and the Brookings Institution.

The Global Cities Initiative, which is part of a five-year, $10 million multi-city effort ultimately will forge new city-to-city partnerships to create trade and economic relationships to prosper from the growing urbanization of the world's population. 

Atlanta mayor Kasim Reed said the initiative takes advantage of growing businesses through exporting and by recognizing that the "Made in USA" brand is becoming increasingly valuable in the world. 

The two-day conference, held at the Academy of Medicine on the Georgia Tech Campus, will lead to a new Metropolitan Export Plan for Atlanta. 

Delta boosts Los Angeles flying

Delta boosts Los Angeles flying

LOS ANGELES -- Delta is adding flights in Los Angeles, continuing a slow-but-steady buildup in one of the world's biggest markets for air travel.

It's also adding bigger planes for some flights to John F. Kennedy airport in New York, with a higher-end seat in first class.

The eight new destinations include Seattle, Spokane, Wash., San Jose, and Anchorage. It's also adding Nashville - a key destination for people in the music business.

Delta has been adding partnerships with other airlines that bring passengers to Los Angeles, including Virgin Australia and Alaska Airlines. Those passengers can then transfer to Delta flights to other parts of the U.S.

Delta Air Lines Inc. has about 12 percent of the departures from Los Angeles, putting it in third place there, behind United and American.

Chick-fil-A sales jump 12 percent in 2012

Chick-fil-A sales jump 12 percent in 2012

ATLANTA -- Chick-fil-A's sales growth continued in 2012, despite last summer's gay marriage/gay rights controversy.

The Atlanta-based fast food chain generated $4.6 billion in sales last year, up about 12 percent from $4.1 billion in 2011.

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Chick-fil-A also opened 96 restaurants in 2012, bringing its count to 1,960 locations in 39 states and Washington, D.C.

It further claimed nearly 7,000 jobs created nationwide through new restaurant openings and existing restaurant growth.

Bank of America adds 35 small biz bankers in Atlanta

Bank of America adds 35 small biz bankers in Atlanta

ATLANTA -- Bank of America Corp. reported Wednesday it hit its target of hiring more that 1,000 small business bankers in 2012, including 35 in Metro Atlanta.

The Charlotte, N.C.-based bank said it extended $280.2 million in credit to Georgia small businesses and $8.7 billion nationally last year. The $8.7 billion was an increase of 28 percent over 2011.

It recently reported net income of $2.8 billion for 2012. It also saw its head count shrink by about 5,000 employees to 267,190 in the fourth quarter, evidence that BofA is still trimming staff levels as it works to lower its expenses. Branches also continued to close, with BofA reporting 5,478 banking centers across its U.S. franchise at the end of the year, down from 5,702 centers a year earlier. 

Bank of America is the third-largest bank in metro Atlanta with 145 local branches and $20.4 billion in area deposits for a market share of 17 percent. 

Cobb, DeKalb, Fulton sue HSBC over predatory lending

Cobb, DeKalb, Fulton sue HSBC over predatory lending

ATLANTA -- Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC engaged in predatory lending that ended up costing them hundreds of millions of dollars.

Cobb, DeKalb and Fulton counties say the bank aggressively signed minorities to housing loans that were likely to fail. The counties say it caused tremendous damage, including extra expenses and lost tax revenue.

The lawsuit says the banks violated the Fair Housing Act, which provides protections against housing or renting policies or practices that discriminate on the basis of race, color, national origin, religion, sex, family status or handicap.

A lawyer for HSBC said he couldn't comment on the lawsuit, which was filed in October. A federal judge has given the bank until Jan. 25 to file a response.

Spanx! expands to Atlanta airport

ATLANTA -- Atlanta billionaire Sara Blakely has been running in and out of Hartsfield-Jackson Atlanta International Airport for 15 years promoting Spanx!, and now her popular shapewear will be sold in the airport itself.

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Men shaping up with Spanx!

Rather than cutting a ribbon, her team cut tied-together Spanx! to celebrate their opening in terminal E.

The company headquarters is now in Buckhead, but she first operated out of her rented Virginia Highland apartment.