Prospects for producers of aerospace products are deteriorating rapidly, and the abrupt reversal of fortunes is somewhat surprising. After all, when the economic downturn began there was a huge backlog of orders for aircraft, and the U.S. government’s defense budget…
The total economic impact of all 35 institutions of the University System of Georgia on their host communities was $12.1 billion for the fiscal year that ended in June 2008. The output impact of each institution is the change in…
In good as well as tough economic times, the industries that make up the state’s life sciences are reliable sources of employment and spending. In 2007, the life sciences industry’s state-wide economic impact was $16 billion and 62,033 jobs, larger…
Albany’s economy is in a severe recession, and I expect it to last longer and cut deeper than the national or statewide recession, due mostly to the closing of the Cooper Tire plant. Other challenges – lower agricultural commodity prices…
Lately, navigating Georgia’s transportation mess is like skiing in an avalanche. In a way, the situation mirrors that of the national economy – no one is sure how we got here or how to get out. But there is hope…
Clearly Georgia is in the throes of the same economic recession that is hammering virtually every community in the country. But as Georgia Trend writers talked to economic development officials and civic leaders throughout the state, it became apparent that…
Atlanta and the metro region have weathered previous recessions with comparative ease, thanks to a diversified economy, but this one feels different. The current downturn has hit hard, and the city and surrounding counties are feeling the effects. “This time,”…
Jason Winters’ first task as the new (and probably youngest ever) Chattooga County Commissioner had nothing to do with economic development, the campaign platform that got him elected. That’s because the county’s animal control director resigned the minute Winters assumed…
Blessed with the Blue Ridge Mountains and one of the Southeast’s busiest transportation corridors, parts of northeast Georgia are weathering this economic downturn far better than anticipated. “We have had more activity than I expected for this time of year…
As expected, the nearly $1 billion Kia plant in West Point has gone a long way toward helping insulate west central Georgia from the national economic nastiness. The plant is not only set to open on schedule this fall, but…
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