State of Business Magazine, Fall 2006, Going Global for an MBA
  vol. XVIII no. 2

Fall 2006 contents
Dean's Letter
Rajeev Reports
In Brief
To The Point
State of Business 
				    Information








What Money Can (and can't) Do

Page 1 2 3

opened in November 2005, is nearing the mark of three million visitors and is helping make Atlanta a destination city. Hotels and restaurants near the aquarium are booming, and a quick look around the area shows a healthy spate of new development.

"A lot of good things are happening for Atlanta and the state as a result of the aquarium," Marcus says. "People are coming here and spending money, which in turn is giving the city and state a larger tax base and creating jobs."

"That was my purpose, to create jobs. I’d rather create a job than do almost anything."

But the work is just getting started, in Marcus’s opinion. "We can’t turn our backs for even a single moment," he says. "We have to make sure visitors feel safe. And we have to keep planning for the future. We’re already talking about what improvements we should make and bringing in new species of fish that we don’t have." The aquarium has an active research program, in which Georgia State is involved, and through educational outreach it is raising awareness of environmental issues such as overfishing.

Marcus realizes that entrepreneurs can’t go it alone, that they must partner with state and local governments, with academic institutions, and with other business partners to enact lasting, positive change. The backing of Atlanta mayor Shirley Franklin was vital to the aquarium, Marcus says. He believes the state now has a responsibility to reinvest some of the tax revenues raised by the aquarium back into traffic studies and improved transportation for downtown, what he deems a sound returnon investment. Marcus points to Georgia State – wherehe is a member of the Hall of Fame – as one of the first to make a commitment to downtown, which is vital to keeping Atlanta growing. "If we don’t invest in the city, how are we going to pay for services? " he asks. "Where will Atlanta get the money without collecting taxes? The city has to earn its way. Making it safe, providing services, creating jobs: all that comes down to money."

In parting advice to future entrepreneurs, Marcus suggests they get involved in charitable causes early. "There are so many people in this world who need our help, and the satisfaction it gives you is unlike anything else," he says. When he looks at the contributions the Home Depot had made to rebuilding communities destroyed by Hurricane Katrina, he is proud of his part in creating a company that cares about the communities it serves. When he visits the Marcus Institute and gets a hug from a parent, he knows he’s had an effect not just on that one person but also on an entire family. When he goes to the aquarium – once or even twice a week when he’s in town – and watches the faces of visitors as a majestic beluga whale floats by, it brings him joy. Now those are the things that money can’t buy!

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