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Business

Obama's Budget: No Money For Harbor Construction

President Obama's budget released this morning includes about $600,000 for the engineering phase of the Savannah harbor deepening. But that's only a fraction of the millions of dollars that state officials were seeking. State officials consider it the most important economic development project.

Lawmakers Consider Tax Exemption On Airplane Parts

State lawmakers from Augusta and Savannah want to renew a tax-exemption for airplane parts.

Georgia Forests Are Worth Billions

Georgia’s timber industry is worth $28 billion a year. While tax easements are an incentive to keep forests, timber is Georgia’s second-largest industry and is growing.

Coca-Cola Posts Big Profits

Coca-Cola says it had strong growth in last year’s fourth-quarter and for the full year of 2010.

Number of Black-owned Businesses in Georgia Doubles

The Census Bureau reports that the number of black-owned businesses in Georgia doubled between 2002 and 2007. Georgia is second only to New York in the number of businesses run by African-Americans.

Could Harbor Deepening Impact Drinking Water?

US Army Corp of Engineers officials plan to release more information about how deepening the Savannah harbor will effect the city's drinking water. The Corp is revising a report on the project's evironmental effects. Savannah's top officials are pushing the project hard while the city's water manager airs concerns about saltwater.

Business School Studies Super Bowl Ads

Last night while millions of football fans watched the Packers face off against the Steelers in the Super Bowl a group of University of Georgia researchers were more interested in the commercials. The social networking site Twitter helped them find out exactly how the ads made people feel.

Counties Study High-Speed Rail

Two metro Atlanta communities are using federal grant money to study the possibility of building high-speed rail lines. They're projects that could tie-in to the bigger transit projects already being studied in Georgia.

Plant Vogtle: The Future Of Nuclear?

This month Georgia Power customers saw a new fee added to their bills to help pay for two new nuclear reactors at Plant Vogtle near Augusta. They are the first to be built in the country in 30 years. Noel Brown has this report on Plant Vogtle and its place in the history of nuclear power in America.

Hotel Room Demand Up, Rates Rising

Hotel room rates are rising as a result of increased demand for rooms and lack of new hotels in the pipeline.

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