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economic         development



                                                                          Population Demographics (2013)
                                                                   Total population North Fulton – 386,351
                                                                   Total population Sandy Springs –  99,770
                                                                     White –  65%        African American – 20%
                                                                     Asian –  5%         Native American –  .3%
                                                                    household incomes
                                                                   Per Capita – $52,959     Median Household –  $68,200
                                                                 Sources: U.S. Census Bureau, 2013 statistics; City of Sandy
                                                                 Springs Economic Development

                                                                  More than 58 percent of the residents of Sandy Springs
                                                                 have a college or advanced degree. To fit the needs of the
                                                                 educated workforce in Sandy Springs, the jobs in the City are
                                                                 high-quality jobs, which result in a median household income
                                                                 of about $68,200. Business and employee training is readily
             Sandy Springs:                                      available as well.
                                                                  The Georgia Tech Enterprise Innovation Institute helps
             New Home of NYSE                                    companies and residents improve their capabilities by

               Is there any feat more financially prestigious than   providing instruction in science, technology, and innovation
                                                                 through its university-based programs. The institute aids
             owning the New York Stock Exchange? Jeffrey Sprecher,   entrepreneurs in launching new companies and in becoming
             one of Sandy Springs’ own, would be the one to ask   respectable contenders in the business market once
             about that.                                         they’re established.
               How fitting that the new owner of the NYSE should   Another asset in training the City’s workforce is the
             live in one of the largest, most business-oriented   North Fulton Atlanta’s Service Corps of Retired Executives
             cities in Georgia. Sprecher and his company, the
             IntercontinentalExchange Group, Inc. or ICE, a 12-year-
             old company based in Atlanta, bought the New York
             Stock Exchange in an $8.2 billion takeover, adding
             the NYSE to its portfolio that now includes 16 global
             exchanges and five clearing houses.
               The company is dual-headquartered in Atlanta and
             New York, where the “Big Board” is housed. ICE employs
             more than 400 of its 4,000 staff in Sandy Springs, and is
             home for CEO Sprecher and his wife and ICE Senior Vice
             President, Kelly Loeffler. In a speech before the Sandy
             Springs/Perimeter Chamber, Sprecher said that when he
             purchased his first company back in 1997, he gave the
             staff the option of living in Los Angeles – where he was
             then residing – or metro Atlanta. None voted to go west.
               Sprecher added that he thought the metro area is
             one of the best places in the country to do business
             and Sandy Springs an amazing place for business
             and to live. The Sandy Springs Perimeter Chamber of
             Commerce would agree and the City is excited to have
             the new owner of the NYSE in its midst.
                                            ~by Dana Moody



     44     Sandy Springs/P
            Sandy Springs/Perimeter Chamber of Commerce • www.sspchamber.org • 678.443.2990erimeter Chamber of Commerce • www.sspchamber.org • 678.443.2990
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