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GPB News - Innovation

Gulfstream Announces 1,000 Job Expansion

Savannah-based luxury jet-maker Gulfstream Aerospace says, it's adding more than 1,000 jobs in a $500 expansion. Gulfstream's seven-year plan calls for ramping up its jet production and maintenance facilities at the Savannah-Hilton Head International Airport.

1,400 Layoffs At Nuclear Site

The company that manages the former nuclear weapons complex near Augusta says it's laying off 1,400 contractors next year. Savannah River Nuclear Solutions announced the news Wednesday in a memorandum to employees.

EPD Modifies Coal Plant Permits

The state has modified permits for two proposed coal plants in Georgia. Both of the projects have been held up with legal challenges.

Cremations Lag Despite Savings

Cremations are on the rise nationwide as Americans hold more tightly to their money during this recession. But Georgia is bucking the national trend.

Common Foe Creates Unlikely Alliance

A coalition is speaking out against Georgia Power’s 1.2 billion dollar rate hike request. Groups who might normally be at odds have found themselves on the same side of the fence. Georgia Power is asking to increase electricity rates across the board.

Company Tapped To Build Savannah Ferry

A company has been tapped to build a new passenger ferry for Savannah. Custom Steel Boats Inc. in North Carolina has the $1.5 million contract to build a 67-foot, 150-passenger boat.

GA Power Asks For Rate Hike

The Public Service Commission heard testimony Monday morning from several groups opposed to Georgia Power's billion dollar rate hike request. The PSC's advocacy staff also says the amount is too high.

Sea Island Creditors Lose Millions

A federal bankruptcy judge has approved the sale of the Sea Island Company. The sale satisfies most creditors, but leaves them pennies on the dollar. Sea Island owes several large banks about $500 million. They'll get about $180 million in the bankruptcy sale.

Georgia Boosts International Trade

The Department of Economic Development is hosting a series of missions and trade shows in Cuba, Germany and Turkey to tighten trade relations.

Beazer Absorbs $60 M Loss

A Georgia-based home builder reports a loss of $60 million for its last quarter. Beazer Homes says a fall in new orders and home closings contributed to the loss. Home sales are near their lowest levels in decades since the federal homebuyer tax credit expired in the spring.