Latest Business Blog News

Fayette Students Available for Internships

Tuesday, July 28th, 2015

The Career Technical and Agricultural Education (CTAE) Department of Fayette County Schools has a clear goal-to prepare students in high school for college and careers.

Today’s rapidly changing society and workplace requires that educational programs within our schools work closely with local industry and post-secondary institutions to provide high quality, state-of-the-art Career and Technical training.

The Fayette County School District is committed to building strong partnerships with business, industry, post-secondary education, and the community to provide career development opportunities for our students and a ready workforce for our business community. These partnerships allow students to go beyond the classroom to explore a variety of career fields while developing employability and industry specific skills.

For the 2015-2016 school year, we have students who have met the eligibility requirements for Work-Based Learning program who are seeking placements in the following areas:

Video Game Design
Construction
Speech Pathology (medical)
Medical Research
Software Programming
Biomedical Engineering
Auto or Production Design
International Business
Aerospace Engineering

If you are willing to share your skills and knowledge with a very qualified and motivated student, call Fayette County’s Work-Based Learning Office @ 770-460-3990 x 156

SouthCrest Financial Group Reports Preliminary 2Q15 Results

Monday, July 27th, 2015

Kenneth H. Maloy, President and CEO of SouthCrest Financial Group, Inc. (OTCBB:SCSG) announced today that the company reported preliminary net income for the second quarter of 2015 of $479,000. “We are happy to announce earnings of nearly half a million dollars for the second quarter. While these are the best results the company has had on a core basis since prior to the financial crisis, we continue to strive for increased loan balances and cost efficiencies. We have cut non-interest expenses by over $3 million per year over the past six months, and expect to achieve similar additional savings over the next 12 months. Our focus has been on right-sizing our institution after consolidation last March. This has been a difficult but necessary process to achieve appropriate returns on equity and assets and long term shareholder value.”

Loan growth improved during the quarter with $5 million of organic loan growth (7% linked quarter annualized) augmented with the purchase of a $14 million 1-4 family mortgage portfolio, made up of whole loans, purchased servicing released, located in our home markets of Georgia and Alabama. Organic loan growth remained steady during the quarter and management expects to report similar results in 3Q.

Expense control remains a primary focus for management. During the quarter the company completed a core processing conversion that will drive $1.0 million in additional annualized technology savings phasing in over the next three quarters. We also expect significant savings in occupancy expenses to occur by 2Q16 along with other core non-interest expense declines.

The estimated Tier 1 Leverage ratio at the end of the quarter was 8.81%. On a fully converted basis (including the conversion of all preferred equity) TBV/share ended the quarter at $5.58 per share. The current fully converted share count at the end of the quarter is 8.380 million shares. In addition, the company still retains a deferred tax asset valuation allowance that totals approximately $11.5 million ($1.37/fully converted share).

Asset quality remained stable with 1Q15 at 1.68% NPAs/total assets.

SouthCrest Financial Group, Inc. is a $550 million asset bank holding company headquartered in Peachtree City, Georgia. The company operates a 12 branch network throughout Georgia and Alabama through its subsidiary bank, SouthCrest Bank, N.A. The bank provides retail and commercial banking services, SBA lending, mortgage banking, and online banking services.

This presentation may contain certain “forward-looking statements” that are subject to risks, uncertainties, and other factors that could cause actual results and shareholder values to differ materially from those projected. Factors that could cause or contribute to such differences include economic conditions, government regulation and legislation, changes in interest rates, credit quality, competition, and other risk factors.

http://money.cnn.com/news/newsfeeds/articles/globenewswire/5830156.htm

FCBOE RFQ for KI Learn2 Seating

Thursday, July 16th, 2015

Please see the attached solicitation. This can also be located on our website (www.fcboe.org) under Departments then Purchasing and finally 4-Solicitations & Awards. You are asked to forward this to any interested party or vendor. Thank you in advance for your consideration and participation.

 

rfq_20154799

FCBOE RFQ for Toilet Tissue for Warehouse Stock

Thursday, July 16th, 2015

Please see the attached solicitations. This can also be located on our website (www.fcboe.org) under Departments then Purchasing and finally 4-Solicitations & Awards. You are asked to forward this to any interested party or vendor. Thank you in advance for your consideration and participation.

 

rfq_20154625

FCBOE RFQ for Paper Towels for Warehouse Stock

Thursday, July 16th, 2015

Please see the attached solicitations. This can also be located on our website (www.fcboe.org) under Departments then Purchasing and finally 4-Solicitations & Awards. You are asked to forward this to any interested party or vendor. Thank you in advance for your consideration and participation.

 

rfq_20154125

FCBOE RFP for Furniture

Wednesday, July 15th, 2015

Please see the attached solicitation. This can also be located on our website (www.fcboe.org) under Departments then Purchasing and finally 4-Solicitations & Awards. You are asked to forward this to any interested party or vendor. Thank you in advance for your consideration and participation.

 

rfp_20153976

SBA Offers Free “How to Prep a Loan Package” Course

Monday, July 6th, 2015

SBA offers free online course through The Learning Center  - How to Prepare a Loan Package

Are you considering a loan to secure funding for your small business? This course will help you determine the best methods to secure a loan.

  • Learn what lenders will ask for.
  • Determine the purpose of securing a loan. Growth? Working Capital?
  • Explore the components of a loan package for a business loan.
  • See the financial statements needed in a loan package

Click here to:  Take the free course

GrowSmart Series to Help Small Business Owners

Thursday, July 2nd, 2015

Whether in business for two years or twenty years, many small business owners are so busy working IN the business, they neglect working ON it.  The University of Georgia Small Business Development Center (SBDC) at Clayton State University is bringing GrowSmart to Fayette County for the fourth time.

SBDC’s GrowSmart gives business owners the steps, tools, and strategies to grow.  In five weeks (August 4 – September 1, 2015), business owners will learn how to analyze and manage a business like a seasoned CEO by combining the latest ideas with timeless business principles.

“GrowSmart graduates gain so much from the program that many times they send their managers the next year.  They leave the program with a definite action plan that positions their businesses for the next level of growth,” says Alisa Kirk, Area Director, Clayton State University SBDC.

GrowSmart is designed for leaders of companies with at least two years of successful operation, at least one non-owner employee, and annual revenues of $200,000 or more.  To enhance the experience, registration is limited to 20 participants.

GrowSmart will be held at Fayette County Development Authority (FCDA) located at 200 Courthouse Square in Fayetteville.  The program fee of $895 per person includes weekly networking breakfasts, lunches and course materials.  There are a limited number of partial scholarships, given on a first-come, first-served basis.

For more information, visit our website at: www.georgiasbdc.org/growsmart or contact Cheryl Greenerl at 678-466-5100 or morrow@georgiasbdc.org

Georgia Ranked #4 in Nation for Small Business Friendliness

Wednesday, July 1st, 2015

Thumbtack.com’s Small Business Sentiment Survey recently ranked Georgia as having the fourth best environment in the nation for small businesses and entrepreneurs.  The survey found that Georgia’s business owners felt overwhelming optimistic about the future, and over 80 percent of small businesses expect their revenues will increase. The survey also showed that businesses in Southern states are more optimistic than their counterparts in other parts of the country.

Georgia also earned a grade of A- for its overall friendliness to small business.

With almost 98% of the businesses in Georgia employing less than 100 people, we celebrate this good news!

https://www.thumbtack.com/ga/#/2014/1

SBDC @ Clayton State Offers “Starting a Business” Workshop

Monday, June 15th, 2015

If you are considering starting your own business, attending this workshop is a crucial first step.  Workshop to be held at Clayton State Peachtree City campus Thursday, July 9 from 5-8 p.m. and is only $69.

Take advantage of the resources the SBDC provides to small business owners – the success of your business could depend on it!

Starting a Business Flyer July 9, 2015

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