Here's some goings-on in the Georgia economic landscape for an otherwise chilly weekend weather-wise...
The continuing recession has claimed yet another victim. Electronics retailer Circuit City plans to close all of its remaining stores, including at least 20 in Georgia. The company filed for bankruptcy protection last November.
A large utility company plans to reduce its work force in hopes of not resorting to layoffs. Georgia Power is offering a buyout package to many of its employees in exchange for retirement. The Atlanta-based company must cut at least 400 jobs, citing the struggling economy. Current employees who choose to take the buyout could get up to a year in pay, but there are restrictions in place.
The new face for economic development in Albany finished his first day on the job Friday. New Albany-Dougherty Economic Development Commission CEO Ted Clem says one of his priorities will be to "determine where we are and how we can best leverage our community's unique assets to create jobs and grow the economy." Clem was named to the commission's top post almost two weeks ago.
One northwest Georgia county hopes to benefit from new housing. Catoosa County is one such community that's applying for HUD's new stabilization program. It provides state and federal assistance in acquiring foreclosed properties nationwide. The Catoosa County News reports the program could bring more than $530,000 to the county.
Have a good weekend, and keep warm, as Saturday morning temperatures are expected to be in the teens.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment