Atlanta loses two big corporate HQs, but city remains a magnet

In the waning days of the Great Recession, Atlanta celebrated news that sparked hope for better times. Not one, but two Fortune 500 companies announced they would move their headquarters to the metro area, bringing a jolt of good-paying jobs and confirmation of Georgia’s economic promise. Ten years later, 2019 has opened with a brutal reversal: Metro Atlanta is losing not one, but two Fortune 500 headquarters. Atlanta’s SunTrust Banks will merge with Winston-Salem’s BB&T to create the nation’s sixth-largest bank, based in Charlotte. Just three weeks earlier, First Data, a Sandy Springs-based payments processing behemoth, said it would be acquired by Wisconsin-based Fiserv, with the surviving company based near Milwaukee.

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Author: Matthew Randle