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Business

Savannah Ports Sets Record

The Port of Savannah has set a new record. On Thursday the Georgia Ports Authority announced a 20 percent jump in traffic between July and September. That’s over the same period last year.

Sea Island Sells For $212M

Bidders have agreed to join forces to buy the Sea Island Co. for $212.4 million in auction to settle the Georgia resort operator's bankruptcy case.

Macon Airport Could Lose Subsidy

The U.S. Department of Transportation says none of the recent proposals by four airlines met federal cost guidelines.

Camera Ready Counties Welcome Film Crews

The state says 16 Georgia counties are especially ready for business when it comes to film and television crews. Counties include Hall, Bibb, Houston, and Chatham. Could be a record year for production in Georgia.

Coke Finalizes Sale With Bottler

Coca-Cola has completed its $3.4 billion buyout of the North American operations of its largest bottler. The world's largest soft drink maker said Sunday it has closed the deal for the domestic unit of Coca-Cola Enterprises.

Imperial Sugar Wants Tax Break For Rebuilding

Imperial Sugar officials want Chatham County taxpayers to give the company an almost $3 million tax break for rebuilding parts of the sugar refinery that exploded two years ago. Fourteen people died in the blast. The company is asking for breaks under a Georgia law that gives companies tax relief as an incentive to create new jobs and boost revenue.

Apparel Maker Expands To Henry County

A major apparel company is set to bring more jobs to Georgia. State economic development officials say Phillips-Van Heusen will expand its operations to Henry County, an hour north of Macon.

Georgia Power Captures Carbon

For the first time Georgia Power has captured carbon dioxide. The pilot project is taking place at Plant Yates. Officials say this moves them closer to commercial deployment.

Superfund Site Not Ready For Development

A federal agency says more cleanup is needed at the LCP Chemicals Superfund site in Glynn County before the area is ready for residential development.

Chicken Producers Brace For Tax Hike

China’s Ministry of Commerce plans to severely tax American-produced poultry. It’s a blow to Georgia’s billion-dollar broiler industry. After a year-long investigation, the Chinese government says U.S. poultry companies are “dumping” chickens there. That’s a business term for importing chickens at very low prices to increase their price in China, thereby unfairly competing with local producers.

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