SunTrust has purchased a TV ad during Super Bowl 50 to launch a consumer education campaign. It intends to help people ease their financial stress by helping them improve their skills managing money.
Tag: Economy
Posted inColumns, Main Slider, Maria's Metro
Unlocking economic growth: Atlanta’s BeltLine, corridors and public spaces are key
If we can get the City, the BeltLine and APS all working in concert to promote quality development in marginal Atlanta neighborhoods, an economic renaissance could be in our future.
The bottom line is that multi-use trails have a greater economic return on investments than stand-alone parks. Trails also are a way to provide greater equity by offering greater access to green space that connects diverse neighborhoods.
Posted inDavid Pendered, Latest News, Main Slider
Mayor Reed’s trade missions fueled Brazilian firm’s decision to open an HQ in Atlanta
Atlanta Mayor Kasim Reed’s work during two trade missions, one to Brazil and one to Mexico, helped convince Brazil’s largest credit card processor to select Atlanta for the corporate headquarters of a financial services division.
Posted inDavid Pendered, Latest News, Main Slider
GSU economic forecaster predicts December rate hike, the Fed telegraphs the same
Rajeev Dhawan had the good fortune Wednesday to see a prediction he made in the morning be proven true that afternoon, when the Federal Reserve telegraphed that a rate hike is likely in December.
Posted inDavid Pendered, Latest News, Main Slider
Cobb County Chairman Tim Lee talks up economic fruit of Braves’ move to Cobb
Cobb County Chairman Tim Lee is using the second anniversary of the Atlanta Braves announcement of their move to Cobb County to talk up the economic benefits Cobb will receive and is already receiving.
Posted inWABE
Commentary: Amusement rides good for Downtown Atlanta
Original Story on WABE Who says the thrill is gone? If the owners of the SkyView Ferris wheel in downtown Atlanta have their way, the thrill is just beginning. The owners plan to open a few new rides by next June, pending state and local approval. The three new rides would offer people a variety of experiences. […]
Posted inColumns, David Pendered, Main Slider
DeKalb County’s bond rating unscathed by allegations of government corruption
DeKalb County residents have received some good news from a New York bond rating agency, which looked past allegations of government corruption to see a county that is capable of repaying its debts.
Posted inDavid Pendered, Latest News, Main Slider
Atlanta Fed reports mixed bag of economic indicators that could factor into rate hike debate
Sluggish economic growth reported Wednesday by the Atlanta district of the Federal Reserve adds to the notion that the central bank won’t raise interest rates at a meeting this month, and perhaps not at its final meeting of the year, in December.
Posted inDavid Pendered, Latest News, Main Slider
Georgia ports thrive, plan $1.4 billion expansion to grow business: GPA ED
Georgia’s ports are on a roll, and the Georgia Ports Authority has drawn up a $1.4 billion plan to expand port facilities over the next decade in order to cement Georgia ports as the primary ones to serve the entire Southeast U.S., the authority’s executive director, Curtis Foltz, said Thursday.
Posted inDavid Pendered, Latest News, Main Slider
Florida stops funding film incentives, Georgia poised to benefit
Florida is bracing for a slowdown in the film industry because the state Legislature voted in June to stop funding tax incentives. Georgia is winning some of the business, and the shift underscores Gov. Nathan Deal’s trade mission to Hollywood in May, and to England in January.
Posted inWABE
Delta Air Lines gets no love from 2015 Georgia Legislature
Original Story by Maria Saporta on WABE Play Audio Delta Air Lines employs 33,000 people in Georgia ─ more than any other company in the state. But that didn’t stop state lawmakers from punishing Delta’s outspoken CEO. The legislature voted to reinstate a jet fuel tax on Delta. Why? To teach CEO Richard Anderson a […]
Posted inColumns, David Pendered, Main Slider
Why can’t Atlanta’s jobs training agency help more people find work, city councilmembers ask
The conversation last week about the effort to salvage Atlanta Workforce Development Agency reminds of the quip about it being hard to drain the swamp when you’re up to your ears in alligators.
Michael Sterling wanted to focus on the systemic changes he’s made in the 10 months he’s served as the agency’s executive director. He took over after a city audit recommended the city consider closing AWDA because it was so deeply troubled.
Posted inDavid Pendered, Main Slider
Line between homelessness, foreclosure blurs amid lingering impact of great recession
The longer Bill McGahan talked, the clearer became the connection between homelessness and affordable housing. And he didn’t even mention housing.
Posted inDavid Pendered, Latest News, Main Slider
GSU’s top economist predicts Fed to raise interest rates in autumn
Georgia State University chief economist Rajeev Dhawan predicted today the Federal Reserve will wait until autumn to begin raising interest rates, and even then will do so gingerly.
Posted inDavid Pendered, Latest News, Main Slider
Reed seeks to boost IT sector; lawyers say it’s ready to grow, create diverse jobs
Technology already is a thriving industry in metro Atlanta, and it came as no surprise when Atlanta Mayor Kasim Reed said Wednesday he plans to promote the sector by keeping more technology graduates in the city.
Posted inDavid Pendered, Latest News, Main Slider
Metro Atlanta’s home rentals, sales, construction a mixed bag
A recent study shows housing in metro Atlanta is much cheaper to buy than rent, just as a new report suggests the national housing market may be poised for an upswing.
Posted inDavid Pendered
Atlanta “showing signs” of economic recovery, credit outlook improved, says report with regional implications
The city of Atlanta is “showing signs” that it is rebounding from the recession, according to a new report from Moody’s Investors Service.
Among the signs Moody’s identifies: The tax base is inching up; foreclosures are down to pre-recession levels; the unemployment rate is still stuck above 10 percent, but city officials attributed it to people moving here to look for work rather than to locals unable to find a job.
The report could be a guide in gauging the economy in other parts of the region, though Moody’s did examine only the city of Atlanta in order to rate the credit of a $60 million bond package Atlanta plans to sell Oct. 28.
Posted inDavid Pendered
ARC: Atlanta gains more residents in year than decade; no housing news
The city of Atlanta added more residents in the past year than it did during the entire first decade of the 2000s, according to an unofficial report from the Atlanta Regional Commission.
Atlanta’s gain of 4,100 residents was part of a 10-county population increase of 52,700, calculated from 2013 to 2014. ARC planners said in a statement the increase is a, “sure sign that the economic recovery is continuing.”
ARC’s latest report does not examine the housing supply or construction industry. The city of Atlanta had a glut of housing after the last decade, with more than 37,000 units added to serve a city population that rose by 3,500 residents, according to an ARC report from April 2011.
Posted inDavid Pendered
Black employment gains a sign of continuing economic recovery, Ga. Tech professor says
Georgia Tech Professor Thomas “Danny” Boston said the jobs report issued Thursday by the U.S. Labor Department contains several signs the economy continues to improve.
The jobs report indicates the nation’s unemployment rate should dip into the 5 percent range when the July report is released, Boston wrote in a column posted on Georgia Tech’s website. That report is to be released Aug. 1.
The unemployment rate among blacks continues to decline, which Boston wrote is a particularly positive indicator because unemployment among blacks is, “particularly intractable.”
Posted inDavid Pendered
Credit scores as social barometers, other job news from Gen Y front
Walter Jones, Jr. did all the right things in college and he’s still looking for a full-time job.
“It’s incredibly frustrating, because everything my parents taught was to go to school, get an internship, and it ends with a job,” Jones said, some six months out of Georgia Southern University.
One can only imagine where Jones fits into the pecking order of the Gen Y generation, some of whom view a credit score as a social barometer. The aching familiarity of his story was covered in a segment of a recent economic forum hosted by Georgia State University.
