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Business

Savannah Economic Project Under Wraps

Savannah business officials say, there's nothing to know yet about a potential economic development project near the Savannah airport. Airport officials recently approved moving a new runway and studying traffic for what in the public record is called simply a quote "potential new development." That hasn't stopped some from speculating about a big new employer.

Gas Prices Down In Past Week

The price for a gallon of regular unleaded has dropped over the past week.

State Parks To Seek Corporate Sponsors

Georgia has found a marketer to help sell advertising at its state parks to help keep them open. The marketing company the state hired in July is working on commission. It’s in the process of identifying what the parks could offer companies in exchange for sponsorship and what companies would be a good match for the park’s mission and programs.

Entrepreneur Starts Public Bus Service

A private transportation company has set up shop in Clayton County after the cash-strapped government ended local bus service. Local investor, Tywanna Albro, acquired five buses and six vans and has begun operating them on a couple of C-Tran routes.

Georgia Investigates Life Insurers

Georgia is investigating Prudential and MetLife. The probe comes after a national business magazine reported the companies were holding onto $28 billion owed to beneficiaries and making a profit from it.

Sea Island Company Files Bankruptcy

The Georgia-based Sea Island Company has filed for Chapter 11 bankruptcy protection. The coastal resort and development firm had trouble finding buyers for undeveloped land. Sea Island Company needed land buyers because it was in debt to the tune of $428 million.

Delta To Keep Brunswick Flights

Delta Airlines officials say, they'll keep flights to coastal Brunswick, but need more customers to make them profitable. Local officials met with company representatives recently to talk about the city's three-daily, five-day-a-week flights. Local officials consider their airline connection with Atlanta a lifeline for business and tourism.

Fishing "Super Bowl" Brings Big Bucks, Fans

Fishing enthusiasts are heading to Lake Lanier this week for one of the nation’s top bass tournaments. The Forrest Wood Cup is considered the “super bowl” of fishing, and organizers are expecting the event to bring in the big names – and the big bucks.

DOT Selling Ad Space on 5-1-1 Signs

Maybe you’ve noticed company logos on some 5-1-1 road signs in the state. The cash strapped Georgia Department of Transportation is letting companies advertise on their property in order to raise money.

PSC To Hold Hearings Over Rate Hike Requests

The Public Service Commission wants to know what people think about Georgia Power and Atlanta Gas Light’s recent rate hike requests. They’re holding public hearings in Macon, Savannah, Rome and Atlanta over the next few months.

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