Latest Business Blog News

Hoshizaki America Expands to Griffin

Friday, October 2nd, 2015

Hoshizaki America is to expand its refrigeration product manufacturing plant and main distribution centre in Griffin, Georgia.

Originally opened in 2001, the Griffin plant is the original site which launched the line of Hoshizaki food service equipment in the USA.

“Due to tremendous growth we’ve experienced in recent years, we have outgrown our current facility,” explained Rick Bassan, director of plant operations at Griffin. “Our warehouse will expand to an additional nine shipping docks and the factory will increase significantly – allowing production levels to increase over 250%.”

With corporate headquarters in Peachtree City, Georgia and a second manufacturing facility in Griffin, Georgia, Hoshizaki employees around 500 people in the Atlanta area.

Aventure to Exhibit at Aviation Expo / China 2015

Tuesday, September 15th, 2015

Aventure Aviation will participate in the Aviation Expo / China 2015, September 16-19, at the China National Convention Centre in Beijing, China. Attendees can visit Aventure at Booth 3-1.
The Expo is expected to be attended by trade visitors and high-level aviation dignitaries from across the globe.

As Chinese air carriers increase their aircraft orders, the spare parts demand by such carriers and maintenance organizations will also grow.With this in mind, Aventure is ready to exhibit its services and build new relationships.

“We are excited about exhibiting at this vital Aviation Expo as we continue to increase our market reach and customer base in China,” commented Zaheer Faruqi, President of Aventure.

“China has immense resources and the travelling masses are second to none,” commented Wei Sun, Aventure’s Account Executive for China. Both Faruqi and Sun will be present at the Aventure Booth. Visitors will receive a chance to win a Boeing China Clipper aircraft model.

DEADLINE EXTENDED to receive mentoring & business guidance from Georgia’s top corporations

Monday, August 24th, 2015

Application deadline has been extended.

If you are a company or know of a company who is interested in this unique and highly competitive program, you are encouraged to submit an application to become a protégé company.  Nowhere else can you receive year-long mentoring and business guidance from Georgia’s larger businesses, some of them the state’s and the world’s largest corporations.

CLICK HERE for complete information and application details.

For additional inquiry contact:

Veronica Maldonado
Program Director
Georgia Mentor Protégé Connection
404-589-1824 ext 2112

Georgia Employer GED Tax Credit Act of 2015 Now in Effect

Monday, August 17th, 2015

From the Georgia Chamber Center for Competitiveness:

The Georgia Employer GED Tax Credit Act of 2015, sponsored by Representative Kevin Tanner (Dawsonville), revises the amount and training requirements of the adult basic skills education program tax credit for employers who help employees get their GED.  The law took effect May 1, 2015.  It increases the current tax credit of $150 per employee to a possible $1,200 for each employee that completes the required training classes and successfully passes the skills education test.

For many individuals in service industry jobs, the lack of a high school diploma or GED is a significant factor in limiting career advancement.   Employers are often supportive of the efforts of their employees, but there are limited opportunities for workforce development within many of these existing industries.

This law revises and expands an existing state program that had been underutilized.   Under the previous program, employers would receive a $150 tax credit for paying for an employee’s GED.  However, many of the GED programs were significantly more expensive than $150 so few employers were taking advantage of the program.  The Georgia Employer GED Tax Credit Act raises the basic credit to $400 per employee who passes the basic GED test.  It further provides an expanded credit of $1200 per employee when that employee completes an approved training program while still being employed at his or her normal rate of pay.  This expanded program allows employers to fully invest in their employees’ education without disrupting their normal duties.

To participate in the tax credit program, an employer must submit an application to the Technical College System of Georgia- Office of Adult Education.  The Office of Adult Education pre-approves participation and ensures that the training is legitimate.  This certification will also allow the employer to claim the credit on their state income tax.  There are some limitations to this program that include: no single employer can receive more than $100,000 in a single calendar year, the credit may not exceed the employers income tax liability, and the total cost of the program may not exceed $1,000,000 per calendar year.

Data from the Bureau of Labor Statistics show that individuals with a high school diploma earn $180 more per week than those individuals without.  Unemployment drops from 9% to 6% when this same level of educational attainment is achieved.  Under these averages, an individual could earn over $9,000 more per year in salary, which would result in a net tax revenue increase to the state.  If properly administered, this program should pay for itself on an annual basis.

FCBOE RFP for Probeware for Science Labs

Wednesday, August 5th, 2015

Please see the attached Request for Proposals (RFP). This RFP can also be located on our website ( under Departments then Purchasing and finally 4-Solicitations & Awards. This solicitation is also posted on the Georgia Procurement Registry.



FCBOE RFQ for KI Learning Seating

Wednesday, August 5th, 2015

Please see the attached solicitation. This can also be located on our website ( 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.



Credit Card Debt in Fayette County Among Lowest in Georgia

Wednesday, August 5th, 2015

A new study from SmartAsset uncovers the places in Georgia where people hold the least credit card debt. Fayette County residents are among the most responsible with their plastic, with one of the lowest per capita credit card debts (compared to income and net wealth).

Below, check out the counties in Georgia with the least per capita credit card debt:

Rank County Income Wealth Credit Card Debt Credit Card Debt as % of Income Credit Card Debt as % of Wealth Lowest Credit Card Debt Index
1 Rabun, GA $22,260 $34,037 $2,010 9.0 % 5.9 % 92.37
2 Dodge, GA $18,114 $12,359 $1,230 6.8 % 10.0 % 90.98
3 Union, GA $22,156 $36,398 $2,220 10.0 % 6.1 % 90.57
4 Fayette, GA $35,344 $79,438 $4,250 12.0 % 5.4 % 88.30
5 Walker, GA $20,865 $18,468 $1,810 8.7 % 9.8 % 88.18
6 Brooks, GA $19,409 $14,417 $1,590 8.2 % 11.0 % 87.45
7 Hart, GA $20,371 $14,235 $1,630 8.0 % 11.5 % 87.23
8 Elbert, GA $18,835 $14,007 $1,560 8.3 % 11.1 % 87.17
9 Harris, GA $31,482 $47,785 $3,570 11.3 % 7.5 % 86.80
10 Worth, GA $18,551 $14,076 $1,580 8.5 % 11.2 % 86.69

For SmartAsset’s full methodology and a national view of the rankings, please visit:


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
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.

FCBOE RFQ for KI Learn2 Seating

Thursday, July 16th, 2015

Please see the attached solicitation. This can also be located on our website ( 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.



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