Welcome to King & Spalding's economic development news bulletin,Investing in Georgia. In this edition, you will find:

A full report on the Georgia Competitiveness Initiative's Atlanta summit on July 18; commentary on the potential impact of tax reform on municipal bonds; and, a sneak peek at Atlanta's new international terminal and concourse.

We hope you find this helpful, as we partner to keep Georgia a great place to live and work!

In This Issue:

- Recent Developments

Bonds in the spotlight: While the battle over the debt ceiling may temporarily be over with the dramatic House and Senate votes on August 1 and 2, the next chapter will now open with a congressional committee being tasked with finding another $1.5 trillion in deficit reduction. While some of the progress may bemade through additional spending cuts, reform of the federal tax code will also draw attention....

- In The News

Georgia Competitiveness Initiative: The Georgia Competitiveness Initiative (GCI) (http://www.georgiacompetitiveness.org) is conducting summits in twelve regions of the State during the months of June, July and August in order to assist Governor Deal in the development of a long-term strategy for economic development....

- Looking Ahead

Sneak Peek at Atlanta's New International Terminal: Construction of the new Maynard H. Jackson Jr. International Terminal at the Hartsfield-Jackson-Atlanta International Airport began in summer, 2008, and is scheduled for completion in April, 2012.