Every county in Georgia could qualify for disaster assistance from the federal government. The designation comes on the heels of several very warm, dry months. Farm operators throughout the state are eligible to be considered for low-interest emergency loans from the Farm Service Agency, and help from the Supplemental Revenue Assistance Payments Program.
Bank failures could increase in 2011. Bad loans in commercial sector becoming a problem. Small community banks hardest hit.
Large scale department stores aren’t the only retailers benefiting from the black Friday rush. Small boutiques across the state are also seeing more customers although with mixed results. Many are window shopping, but some are spending money in local stores.
National reports show, this year's Black Friday could usher in a holiday shopping season slightly improved from last year. Whether Georgia businesses see an uptick in sales, though, will depend on customers. Across the state, several "buy local" campaigns are urging residents to buy their gifts from local businesses to triple the economic impact.
Time is running out on a tax rebate for energy-efficient home repairs. The $1,500 tax credit was part of the federal stimulus and has helped Georgia businesses selling air-conditioners, water heaters and other products. Gill Sasser of Savannah Window World says, he hopes Congress renews it before it expires in a month.
Encore Plastics Corp, a Sandusky, Ohio-based plastics manufacturer, says it will open a plant in Forsyth early in 2011.
Unemployment in Georgia continues above the national average. That meant the State had to borrow money from the federal government to help pay benefits. The debt is rising and the state will soon have to pay interest.
Georgia Power goes before state regulators Monday to give a status report on the nuclear expansion of Plant Vogtle near Augusta. Public Service Commissioner Bobby Baker says things are going as planned for the two new reactors scheduled to go online in 2016 and 2017. "There have been changes but not any substantive changes as far as the cost or design right now." Baker says the company anticipates federal regulators to sign off on the design next September as scheduled.
A new economic forecast from Georgia State University says parts of the state are doing well. Augusta is among the best performing areas.
Kia Motors plans to hire another 1,000 workers at its west Georgia plant. The auto-maker opened the online application process for prospective employees for its plant in West Point, which is near the Alabama state line.