Georgia Trend Daily – July 26, 2022
July 26, 2022 The Center Square
Georgia taxpayers to provide $1.8B in incentives to Hyundai for new Savannah electric vehicle plant
T.A. DeFeo reports that Georgia governments and development authorities offered Hyundai Motor Group more than $1.8 billion in incentives. In May, Hyundai said it had selected Georgia for its first fully dedicated electric vehicle and battery manufacturing facility.
July 26, 2022 Georgia Trend – Exclusive!
Banking on the Future
Brian A. Lee reports that banks in Georgia and throughout the nation are facing a challenging environment as the government’s central banking system, the Federal Reserve, raises interest rates and technology continues to transform the industry. Mortgage rate increases are the latest kick in the high-energy housing market, while new banking technologies shifted into overdrive during the pandemic.
July 26, 2022 Atlanta Journal-Constitution
Microsoft’s campus in Atlantic Station sold to global investment firm
Zachary Hanson reports that Atlantic Yards — the two-tower campus in Atlantic Station where Microsoft created its Atlanta technology hub — was recently acquired by a new owner. Global Atlantic Financial Group, a subsidiary of global investment firm giant KRR, purchased the office buildings for an undisclosed price, according to a news release.
July 26, 2022 GlobalAtlanta.com
Coca-Cola’s Globally Experienced CFO Named as New President
Trevor Williams reports that John Murphy, the Irish-born chief financial officer at Coca-Cola Co. with extensive experience in the company’s Japan, Southeast Asia and Latin American units, will now add president to his title. Mr. Murphy will retain the CFO role as he moves up from executive vice president to president, replacing former Coke President Brian Smith.
July 26, 2022 Savannah Morning News
The dawn of the EV age: Why drivers are embracing electric cars, soon to be made in Savannah
Latrice Williams reports, Robert Kittredge loves EVs. He drives a Cadillac CT6 plug-in hybrid and described it as a “Chevy Volt in a tuxedo.” EVs are the future of cars — and Savannah will be an EV epicenter as the site of a Hyundai manufacturing plant.
July 26, 2022 Brunswick News
State gas prices fall below $4 a gallon
Hank Rowland reports that Georgia motorists are seeing something that has been absent for quite some time: gas under $4. The average cost of a gallon of unleaded regular gas Sunday was $3.90, a decrease of 14 cents from the previous week and 52 cents less than it was just a month ago.
July 26, 2022 Capitol Beat News
Review finds Georgia film tax credit has improved oversight
Dave Williams reports that the state agencies in charge of Georgia’s film tax credit have strengthened oversight of the program by fully or partially addressing all shortcomings identified in a 2020 audit, a follow-up review has concluded. The General Assembly passed legislation two years ago requiring all film productions located in Georgia to undergo mandatory audits by the state Department of Revenue or third-party auditors selected by the agency.
July 26, 2022 Georgia Recorder
Georgia behavioral health advocates call for the state to build on new parity law
Jill Nolin reports that advocates who rallied behind enforcing federal behavioral health parity rules in Georgia are pushing for continued reforms of the state’s system – including more work on parity. This year’s bipartisan mental health law took effect early this month and is still being implemented, and advocacy groups are calling for additional changes that they argue will help make sure insurers are not discriminating against Georgians with behavioral health needs.
July 26, 2022 GPB
Judge disqualifies Fulton DA from investigating GOP lieutenant governor nominee in election probe
Stephen Fowler reports that the Fulton County district attorney investigating attempts to interfere with Georgia’s election results is no longer allowed to probe Georgia’s Republican lieutenant governor nominee state Sen. Burt Jones, a judge ruled Monday. District Attorney Fani Willis and her office are disqualified from investigating Jones’ role as one of 16 fake electors that falsely claimed former President Donald Trump won the state’s 2020 election.
July 26, 2022 Dalton Daily Citizen, CNHI
Study: Most ‘mass shootings’ involve hand guns
Asia Ashley reports that in Georgia, nearly 15 mass shootings have occurred this year — among its deadliest was when three people were killed and three others injured after being shot at an apartment complex in DeKalb County. A handgun was used in those shootings.
July 26, 2022 Atlanta Journal-Constitution
The Jolt: Sen. Raphael Warnock keeps distance from Joe Biden as president’s ratings sink
Patricia Murphy, Greg Bluestein and Tia Mitchell report, with President Joe Biden’s approval rating in Georgia hovering in the low 30′s, Democrats and Republicans know tying U.S. Sen. Raphael Warnock to Biden and the White House is GOP Senate hopeful Herschel Walker’s best bet to win in November. That may be why Warnock is taking new steps to put daylight between himself and Biden’s administration.