The $200 million Caterpillar facility along the border of Athens-Clarke and Oconee counties is creating 1,400 jobs. But University of Georgia economic forecaster Jeff Humphreys predicts more openings will emerge.
For the second year in a row, the nonpartisan research group the Tax Foundation ranks Georgia the 34th most business-friendly state. It comes as Governor Nathan Deal releases the state's business development strategy recommendations in the Georgia Competitiveness Report.
Nationally, economists are predicting a rosier year for business and hiring. But there are signs that Georgia’s might not be as bright. Manufacturing order volume is one measure of an economy’s health. And in Georgia, new orders fell in the second half of 2011 after a strong start.
The Longleaf Stewardship Fund announced a new partnership in Columbus Wednesday to preserve the pine tree in Georgia and other southeastern states. Through the Fund, the National Fish and Wildlife Foundation, Southern Company and the Department of Defense and other government agencies are pooling resources to provide grants for environmental management efforts.
Georgians are feeling more pessimistic about the economy. But they intend to spend the same amount of money on their holiday gifts this year. A recent survey from Georgia Southern University's Bureau of Business Research and Economic Development says, 55% of Georgians feel the economy is worsening.
The number of Bible classes offered in Georgia’s middle and high schools is drying-up. And there are particular reasons behind the steep drop-off since their introduction four years ago. One reason is money.
A German company is set to open its headquarters and a wind turbine component manufacturing facility in Elberton. The governor’s office says the investment will equate to $10 million, and create 200 new jobs over five years. Hailo USA produces mechanical components for wind turbine towers.
Georgia Republican Senator Johnny Isakson is co-sponsoring a bill aimed at mortgage underwriting. The measure would give federal loan agencies access to information that predicts a homeowner’s energy bills.
Officials at Fort Benning say a plan to expand training land at the post by 82,800 acres has been put on hold. Post officials issued a statement Thursday saying issues have arisen that make it necessary to delay a decision. The considerations include a shrinking federal budget and community concerns.
Georgia will open a second trade office in China. Governor Nathan Deal made the announcement from Beijing on Wednesday. Deal and his economic development team are in the midst of a six-day, five-city trip to boost Georgia’s economic development with China and South Korea. the office will be located in the country’s Shandong province, on China’s east coast.