The state’s labor department has put-out the latest numbers on metro jobless rates for the month of July. In Savannah, unemployment fell slightly, as it did in Gainesville and in Columbus. But the jobless mark rose in Rome.
Federal banking regulators want former officials of Atlanta-based Silverton Bank to pay $71 million in damages following Georgia's largest bank failure. Silverton went belly up two years ago. Now, the Federal Deposit Insurance Corporation alleges, former bank officials followed lax lending policies and bought lavish airplanes and posh buildings while their bank verged on collapse.
Georgia Gov. Nathan Deal's office has announced that Firth Rixson Forgings LLC will expand its forged metal operation in Midway, and anticipates creating 75 to 100 new jobs in the southeast Georgia town. Deal said in a statement that Firth Rixson's Midway operation, which opened in January 2011, provides components for the aerospace industry.
President Obama's deputy trade ambassador toured the Savannah port, saying Georgia would benefit from proposed trade deals. Congress has held up the agreements with Panama, Columbia and South Korea over jobs concerns. Some Democrats say, the deals would send more US jobs overseas.
A private developer in northwest Georgia is shopping its reservoir project to communities. Local officials are greeting the proposal with caution.Georgia Reservoir Company wants to dam Calhoun Creek to create a lake in Lumpkin and Dawson counties that can provide up to 47 million gallons of water a day.
A mega sports and entertainment complex is set to break ground in north Georgia’s Bartow County. A county official says the 1,400 acre project is planned for a site just north of Lake Allatoona off Interstate 75. It would host more than a dozen sports and connected tournaments, including in youth baseball, soccer and lacrosse.
Georgia foreclosures were up in July despite a national downward trend. July foreclosures across the country dropped 7% from June to a four-year low. But in Georgia, they jumped 18%. One expert says, Georgia could be on the leading edge of a forclosure ramp-up after a temporary lull.
Authorities say a group that operates the Georgia State Fair, which has been held in Macon since 1851, has voted not to hold the event next year. The decision was made by the Exchange Club of Macon, which has operated the fair since 1942.
Executives of Dalton-based Shaw Industries say the carpet company is laying off employees at plants in the northwest Georgia cities of Ringgold and Eton. Shaw is one of the major employers in the Dalton area, where the economy depends heavily on firms that produce floor coverings. The Dalton area is known as the carpet capital of the world, but the industry has struggled in recent years.
Wells Fargo will begin charging some Georgia customers $3 a month to use their debit cards. Georgia is one of four states where a pilot program will tack on the fee every month when a debit card is used. The pilot begins in October.