Most American companies engaged in offshoring say a shortage of skilled domestic employees -- not cost cutting -- is the primary reason why they move some job functions overseas.
Also, manufacturers and high-tech/telecommunication companies are less likely to establish offshore operations and are moving increasingly toward the use of third-party providers of offshore labor.
These are among the findings of the sixth annual study on corporations' offshoring trends by the Center for International Business Education and Research's Offshoring Research Network (ORN) at Duke University's Fuqua School of Business and The Conference Board, an independent research association. The study is part of ongoing research into the effects of offshoring trends on American competitiveness and reflects the sentiments of business managers.
"Over half of the participants in our survey say offshoring has resulted in no change in the number of domestic jobs in most functions," said Arie Lewin, Fuqua professor of strategy and international business. "The finding that the U.S. software sector has the highest ratio of offshore to domestic employees -- almost 13 offshored jobs per 100 domestic jobs -- may be a reflection of a scarcity of domestic science and engineering graduates in the U.S."
Survey respondents are broadening the range of factors that influence their selection of an offshore site to include the location of the best service provider and the quality of infrastructure. In spite of placing a high priority on cost savings and labor arbitrage, the survey finds average achieved cost savings offshore have declined at many companies.
For example, IT services and software development have experienced consistent declines over the past five years, while average achieved savings have increased for administrative and innovative functions such as research and development and sales/marketing.
According to the researchers, survey participants have lower expectations than previous respondents for average cost savings in several offshoring functions. Contact center, IT and software development have seen the largest declines among all offshoring functions as companies new to offshoring discover a number of hidden costs involved, including expenses for training, staff recruitment and retention, and government and vendor relations.
"The potential for cost reduction alone is no longer enough to justify moving operations," said Ton Heijmen, senior advisor to The Conference Board. "One survey respondent noted it has taken his company several years to discover the impact of labor arbitrage disappears in fewer than three years. Companies are now shifting from cost-driven offshoring to a multidimensional value proposition in creating a global footprint."
As companies expand offshoring activities by increasing scale or by offshoring more diverse and complex functions, most firms see a decline in the overall efficiency. This may be partially attributed to a loss of managerial control as offshoring operations are expanded, requiring companies to improve coordination and management of their global sourcing.
A published report on the research results is available for purchase. Contact jrussell@duke.edu for details.
The ORN database includes cumulative responses collected through an annual survey conducted since 2004. As of November 2010, the database encompassed 2,000 companies (22 percent large, 35 percent mid-size and 43 percent small) and more than 4,300 different offshoring projects.
Source: Duke University
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG @FayetteFP
Thursday, January 20, 2011
Shortage of Skilled Workers Primary Reason for Offshoring Jobs
Posted by
Georgia Front Page.com
at
11:34 AM
1 comments
Labels: domestic, duke, fayette front page, georgia, georgia front page, jobs, offshore, research, skilled, workers
Saturday, December 4, 2010
American Textile Company Opening Manufacturing Facility in Tifton, Ga
/PRNewswire/ -- American Textile Company (ATC) continues its growth in manufacturing bed pillows and utility bedding by announcing the opening of a new manufacturing and distribution facility in Tifton, Ga.
The 218,000 square foot facility, leased from the Tifton County Development Authority, is strategically located to service ATC's customers in the Southeast. The state-of-the-art manufacturing facility will begin by manufacturing bed pillows, one of the key items offered by ATC. "The opening of the Tifton facility completes our strategic nationwide pillow distribution strategy," said John Riccio, Chief Financial Officer for ATC. "With pillow manufacturing facilities in Duquesne, Pa.; Salt Lake City, Ut.; Dallas, Tx.; and now Tifton, Ga., we can efficiently ship bed pillows across the United States and Canada. We are thrilled with our interaction at the state and local level that executed this plan in a short period of time."
In addition to Georgia's pro-business climate, the company selected the Tifton, Ga. location from among competitive sites due to its strategic location to customers with distribution centers in the Southeast, access to a skilled textile workforce, low cost of doing business, and incentives provided by the State of Georgia. Customers with distribution points in the Southeast will benefit from a significant reduction in their freight costs. "Providing cost effective and efficient service to our customers is the cornerstone to our continued success," said Mark Bachner, Senior Vice President of Manufacturing for ATC.
The facility will open at the end of Q1 2011 and will employee 50 people immediately. A total of 120 people will be employed at the facility by the end of 2016.
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
8:40 AM
0
comments
Labels: fayette front page, georgia, georgia front page, jobs, manufacturing, tifton
Tuesday, November 30, 2010
Rural Sourcing, Inc. Announces Augusta Operation
Leader in domestic sourcing to create 100 jobs
Governor Sonny Perdue announced today Rural Sourcing, Inc. (RSI), an Atlanta-based provider of internet technology domestic sourcing, is opening a development center in Augusta in Richmond County. The company plans to create 100 direct jobs in the fields of computer and software engineering and programming.
“Georgia’s highly-skilled pipeline of talent for high tech companies will certainly be an asset to the Rural Sourcing Augusta development center,” said Governor Perdue. “The company’s expansion will boost the local economy and provide job opportunities for Augusta-area residents.”
RSI’s client list includes Fortune 500 companies, as well as small to mid-size businesses seeking cost effective alternatives to offshore staffing. The company leverages its pool of well-trained IT professionals in smaller markets to meet its clients’ critical IT resource needs.
“Our 300 percent annual growth rate is indicative of the market’s appetite for a low-cost, high-quality on-shore alternative to the traditional offshore India operations. We are extremely excited about our Augusta location because of the outstanding workforce in Augusta,” said Monty Hamilton, CEO of Rural Sourcing Incorporated. “RSI has an excellent working relationship with the Development Authority of Richmond County and the Georgia Department of Economic Development. As we look forward, our sights are set on continuing to put Americans back to work right here in Augusta and the surrounding area for many years to come.”
The company’s Augusta development center will locate at Augusta’s Enterprise Mill. During its location search, RSI considered communities with relative proximity to four-year universities in non-metropolitan areas that offer a high quality of life and low cost of living. This approach allows the company to pass along cost savings to its clients.
“I am very pleased that Rural Sourcing Incorporated has chosen Augusta for this project. Augusta shares RSI’s commitment to high quality information technology services,” said Terry Elam, chairman of the Development Authority of Richmond County. “We’re proud that Augustans will be at the forefront of this important information technology sourcing savings for companies around the world.”
RSI will hire from the local workforce in Augusta, and will be accepting employment inquiries from interested applicants via the company’s website, www.ruralsourcing.com.
“Rural Sourcing Incorporated will hire top-notch, skilled people with experience in computer operations and information technology, and will add greatly to the outstanding workforce here in Augusta,” said Walter Sprouse, the Executive Director of the Development Authority of Richmond County. Georgia Department of Economic Development statewide project manager Glen Whitley assisted the company with this location, in collaboration with the Development Authority of Richmond County.
---
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
Facebook: http://facebook.com/ArtsAcrossGA
www.FayetteFrontPage.com
Twitter: @FayetteFP
Thursday, November 18, 2010
Boeing NewGen Tanker Win Would Bring 370 Jobs, $17 Million to Georgia
/PRNewswire/ -- The Boeing Company (NYSE: BA) today announced that Georgia will benefit from an estimated 370 total jobs and generate an estimated $17 million in annual economic impact if the Boeing NewGen Tanker is selected as the U.S. Air Force's next aerial refueling aircraft.
Boeing submitted its proposal July 9 to replace 179 of the Air Force's 400 Eisenhower-era KC-135 aircraft. The Air Force is expected to award a contract in the next few months.
"The Boeing NewGen Tanker program will contribute to economic recovery in Georgia by supporting jobs in the aerospace industry – jobs for Georgia workers who will help America's warfighters complete their missions and return home safely," said Mark DeVoss, Supplier Management director, Boeing Tanker Programs.
Georgia manufacturers ready to produce critical components on the NewGen Tanker include TIGHITCO in Atlanta.
Currently, Boeing has 654 employees in Georgia and works with nearly 413 suppliers/vendors, delivering a total $204 million in annual economic impact.
The NewGen Tanker is a widebody, multi-mission aircraft based on the proven Boeing 767 commercial airplane and updated with the latest and most advanced technology. Capable of fulfilling the Air Force's needs for transport of fuel, cargo, passengers and patients, the combat-ready NewGen Tanker will meet or exceed the 372 mandatory requirements described in the service's final KC-X Request for Proposal released Feb. 24.
The NewGen Tanker will be made with a low-risk approach to manufacturing that relies on existing Boeing facilities in Washington state and Kansas as well as U.S. suppliers throughout the nation, with decades of experience delivering dependable military tanker and derivative aircraft. Nationwide, the NewGen Tanker program will support approximately 50,000 total U.S. jobs with Boeing and more than 800 suppliers in more than 40 states.
The Boeing NewGen Tanker also will be more cost-effective to own and operate than a larger, heavier tanker. It will save American taxpayers more than $10 billion in fuel costs over its 40-year service life because it burns 24 percent less fuel than the competitor's airplane.
Boeing has been designing, building, modifying and supporting tankers for decades. These include the KC-135 that will be replaced in the KC-X competition, and the KC-10 fleet. The company also has delivered four KC-767Js to the Japan Air Self-Defense Force and is on contract to deliver four KC-767As to the Italian Air Force.
More information on Boeing's NewGen Tanker, including video clips and an interactive tour of the aircraft, is available at www.UnitedStatesTanker.com. For more information on joining the company's efforts, visit www.RealAmericanTankers.com.
A unit of The Boeing Company, Boeing Defense, Space &Security (www.boeing.com/bds) is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $34 billion business with 68,000 employees worldwide. Follow us on Twitter: @BoeingDefense.
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
1:48 PM
0
comments
Labels: aircraft, boeing, fayette front page, georgia, georgia front page, jobs, newgen, refuel, tanker
Tuesday, November 16, 2010
Gulfstream Expanding Its Savannah Site
/PRNewswire/ -- Gulfstream Aerospace Corp. today announced that it will expand its Savannah facilities through a $500-million, seven-year plan to ensure that the company is well-positioned to meet future demand for business-jet aircraft and support services. The growth is expected to result in 1,000 additional Gulfstream jobs, an increase of more than 15 percent from Gulfstream's current Savannah employment level of approximately 5,500 employees.
"With our own sales trends and market forecasts suggesting an upturn over the next decade, we want to ensure Gulfstream is well-positioned to meet the demand in terms of products and services," said Joe Lombardo, president, Gulfstream. "We are already beginning to see signs of a modest recovery. In the third quarter of 2010, we booked more orders than we had in any quarter since the downturn began in mid-2008. Furthermore, as flying hours have increased, Gulfstream service centers have enjoyed a significant increase in service volume."
"This expansion is necessary to meet the projected increase for new business-jet aircraft and the maintenance that will follow," Lombardo said.
In the presence of state and local dignitaries, including Gov. Sonny Perdue, Gulfstream's Savannah employees learned that the expansion would include building new facilities at the northwest quadrant of the Savannah/Hilton Head International Airport, renovating several existing facilities on the main campus off Gulfstream Road and expanding office and lab facilities at the Gulfstream Research Development Center in Crossroads Business Park.
During the event, Gov. Perdue said, "Gulfstream is the world standard in business aviation, and we're proud that the company the world looks to for the best business jets is based right here in Georgia." He continued, "The expansion of Gulfstream's facilities will have a major impact on both the state and local economies by creating 1,000 new full-time jobs, not to mention the ripple effects in terms of construction and service workers, as well."
The new positions are expected to include production specialists, engineers, and support technicians.
"The effect this initiative will have is very simple," Lombardo said. "It's jobs for 'G-A.' That means good, high-tech jobs for Georgia. Jobs for Gulfstream Aerospace. And jobs for general aviation, a vital aspect of this nation's industrial base."
First opened in 1967, Gulfstream's Savannah headquarters includes initial-phase manufacturing of five aircraft models: the Gulfstream G650, G550, G500, G450 and G350. The site also includes the largest of the company's five final-phase manufacturing facilities and the largest of Gulfstream's 10 service centers.
Gulfstream announced a $300 million expansion of its Savannah facility in March 2006 and later increased it to $400 million. That expansion was completed in 2009 and included the development of the largest general aviation aircraft maintenance facility in the world; the Nicholas D. Chabraja Manufacturing Facility for the assembly of the ultra-large-cabin, ultra-long-range Gulfstream G650; a state-of-the-art, three-bay final phase paint facility; and a 300,000-square-foot Research and Development Center. In addition, Gulfstream met its commitment to hire 1,100 new employees as part of that expansion.
"While Gulfstream's international presence has grown, we are committed to Georgia and Savannah," Lombardo said. "And we certainly appreciate the efforts of the Georgia Department of Economic Development, the Savannah Economic Development Authority, Chatham County, the city of Savannah and the Savannah/Hilton Head International Airport in supporting this expansion."
Gulfstream will utilize the U.S. Green Building Council (USGBC) Leadership in Engineering and Environmental Design (LEED) program to implement sustainable design and construction elements into its projects. In choosing contractors and subcontractors for the expansion, Gulfstream will continue its existing policy of providing opportunities to regional small, minority-owned, disadvantaged, veteran-owned and service-disabled veteran businesses.
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
6:52 AM
0
comments
Labels: aviation, expansion, fayette front page, georgia, georgia front page, gulfstream, jobs, savannah
Tuesday, November 9, 2010
US Airways to Add 500 Crew Members in 2011
(BUSINESS WIRE)--US Airways (NYSE:LCC) today announced that it will need 500 crew members next year primarily in anticipation of planned retirements and attrition, which will be filled by recalling employees currently on furlough, as well as through hiring new crew members. The majority of these returning and new pilots and flight attendants will be flying by July.
“This is great news for our workforce and the communities we serve,” said US Airways President, Scott Kirby. “We look forward to welcoming our colleagues back to US Airways, and bringing new crew members onto the team.”
“Our crew member hiring needs are being driven primarily by planned retirements and attrition, as well as international growth. Today’s announcement is consistent with our previously announced plan to keep our domestic capacity flat in 2011 while growing international capacity by 8 percent.”
The 2011 crew member plan includes filling 420 flight attendant positions and 80 pilot positions. The Company will first offer these positions to employees currently on furlough status, and once this process is complete will begin hiring new employees. After the recall, US Airways will have no flight attendants on furlough, and may have up to 100 pilots remaining on furlough. When the recall and new hire process is complete, the airline will have approximately 4,970 active pilots and 7,300 active flight attendants.
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
10:54 AM
0
comments
Labels: crew, employee, fayette front page, flying, georgia, georgia front page, hire, jobs, us airways
Monday, October 25, 2010
Ryla Hiring for 1,400 New Customer Service Jobs in Atlanta
/PRNewswire/ -- Ryla, an Alorica company, today announced it is hiring to fill at least 1,400 new jobs at its Kennesaw, GA call center facility. The jobs expansion is due to expanded needs of one of its year-round clients as well as for a recurring annual seasonal project. Both full-time long-term and seasonal positions are available. Positions begin as early as November 1, 2010. Ryla is a leading domestic-focused provider of customer contact services for Fortune 500 and government agencies, and does no telemarketing or cold calls.
In addition to the customer service positions, Ryla is also seeking to fill several supervisory positions. The hiring wave is part of a six state expansion underway in Georgia, California, Alabama, Virginia, Colorado and Indiana.
"With unemployment in Georgia at 10% and higher in some markets in which we're expanding, we're excited to be in a position to bring more jobs to help get people back to work," said Mark Wilson, Ryla CEO and Founder.
Interested applicants should apply online at www.ryla.com. Qualified applicants will be contacted for scheduled interviews beginning as early as Monday, October 25.
Positions Available:
Customer Service Representatives
Supervisors and various support staff positions
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
10:28 AM
0
comments
Labels: atlanta, call center, fayette front page, fayetteville, georgia, georgia front page, hire, jobs, kennesaw, peachtree city, ryla
Monday, October 18, 2010
Recession Makes Innovatin More Critical to Georgia Manufacturers
The recession has expanded the business advantages of Georgia manufacturers that compete on the basis of innovation in new or technologically improved products, processes, organizational structures or marketing practices. These innovative companies are more than twice as profitable as firms competing on the basis of low price.
That's one conclusion of the 2010 Georgia Manufacturing Survey, which also found that companies are preparing for post-recession growth, expanding export capabilities, addressing sustainability issues -- and still dealing with out-sourcing and in-sourcing. The survey, which included nearly 500 manufacturers, was conducted by Georgia Tech's Enterprise Innovation Institute, the Georgia Tech School of Public Policy, and Kennesaw State University, with support from the Georgia Department of Labor and accounting firm Habif, Arogeti & Wynne, LLP.
Georgia has approximately 10,000 manufacturers that provide nearly 350,000 jobs and account for 11 percent of the gross state product. Workers in manufacturing companies earn wages averaging nearly twice those of workers in retail companies.
The survey found a widening profitability gap between manufacturers that compete on the basis of innovation compared to those that use other competitive strategies. That gap has grown in each survey conducted since 2002.
"Companies that compete on the basis of innovation are much more profitable, pay higher wages and more likely to benefit from in-sourcing opportunities than firms that compete on low price," said Jan Youtie, the survey's director and a principal research associate in Georgia Tech's Enterprise Innovation Institute. "Adoption of an innovation strategy can be useful to manufacturers regardless of industrial segment, and is especially important during difficult economic times."
As part of the survey, companies were asked to rank six competitive strategies for their importance to winning sales. More than half of the respondents mentioned "high quality," while approximately 20 percent chose "low price" or "adapting to customer needs." Fewer than 10 percent reported "innovation/new technology" as a primary competitive strategy.
Across all six strategies, innovation was associated with the highest mean return on sales: 14 percent, compared to just six percent for the low-price strategy. And those financial benefits extended to workers, whose annual salaries averaged $10,000 per year more at innovative manufacturers than at other companies.
The top five innovative tactics reported by respondents were (1) working with customers to create or design a product, process or other innovation, (2) signing a confidentiality agreement to access a new product or process, (3) working with suppliers to create or design a product, process or other innovation, (4) purchasing new equipment, and (5) conducting research and development activities in-house.
While manufacturers of technology products are most often associated with the strategy, innovative companies can be found in all industrial segments, said Philip Shapira, co-director of the survey and professor in the Georgia Tech School of Public Policy.
"Many people think that innovation is something that has to be done in a lab, but our results show that innovation occurs more broadly, particularly as companies partner with customers and suppliers to take into account their needs for a new product or process," he explained. "While high technology companies tend to be innovative by their nature, innovation occurs across all segments, and every firm has opportunities to be innovative."
Companies often cite cost as a reason for not innovating, but Shapira noted that only 10 percent of companies take advantage of R&D tax credits; fewer still use investment tax credits. "While financial incentives can assist innovation, there is a greater need to build awareness and capabilities among more of the state's firms to undertake innovation," he said.
Though more than two-thirds of Georgia's manufacturers have cut jobs or lost sales in the recession, many of these companies are now looking toward the future with plans for locating new customers, boosting capital investment, expanding research and development and continuing to reduce costs.
"When we look at their plans, Georgia manufacturers are in an expansive mood, looking for new customers and getting ready for the next phase of economic growth," Youtie said.
The survey found that 70 percent of respondents were looking for new customers, 20 percent planned to expand capital investment, and 15 percent planned to increase expenditures on research and development. At the same time, 60 percent of respondents said they still planned to cut costs.
Another trend studied was growth in the number companies selling to international markets. More than half of the responding manufacturers said they were exporters -- and those manufacturers reported 50 percent higher profitability than non-exporters. Some 22 percent of respondents had increased their export sales since the last survey in 2008.
"We don't find much difference between exporting companies when comparing them by the amount they export," Youtie noted. "What seems to be important is the capability to export. We think there is some learning that takes place, and some capability that a company develops to become an exporter. That capability translates into improved performance across the board, in addition to creating new markets and different margins."
The survey also found that out-sourcing of work has leveled off, with approximately 16 percent of manufacturers affected by the loss of business in 2010. At the same time, the percentage of firms benefitting from in-sourcing -- movement of work to Georgia -- has grown to nearly 15 percent.
"Out-sourcing isn't going away, but it has stabilized," Youtie said. "In-sourcing appears to be growing, which creates opportunities for good manufacturers to benefit from consolidation of production from other U.S. facilities or even from overseas."
The study also looked at sustainability issues, and found that 60 percent of companies recycle and attempt to reduce waste -- one form of sustainability. However, just 11 percent of respondents had inventoried their carbon footprints or emissions, and fewer than five percent were using renewable energy.
The bottom line for manufacturers?
"The results of our survey can point manufacturers to a way forward for getting ready for the next phase," said Youtie. "Companies can develop innovation capabilities; they can look into exporting and they can collaborate more with suppliers and customers."
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
2:40 PM
0
comments
Labels: economy, fay, georgia, georgia front page, innovation, jobs, manufacturer, recession
Friday, October 1, 2010
Kia Motors Manufacturing Georgia Launches Second Shift Production
/PRNewswire/ -- Yesterday Kia Motors Manufacturing Georgia, Inc. (KMMG) celebrated the launch of a second shift of production at its new West Point facility. KMMG hired more than 600 new team members to prepare for the addition of the second shift – which begins production today – bringing the total number of jobs created at the plant to more than 2,000.
Kia Motors added the second shift in response to the successful sales of the 2011 Kia Sorento, which has been Kia's best-selling model in the U.S. every month since it debuted in January. The second shift will help meet the continuing demand for the Kia Sorento while adding capacity to build the Hyundai Santa Fe. KMMG began production of the Santa Fe on September 28.
"KMMG has produced 100,000 Sorentos to date and the quality, craftsmanship and attention to detail that goes into building the Sorento from the entire KMMG team has helped make it the best-selling Kia vehicle in the United States," said Byung Mo Ahn, group president and CEO of Kia Motors America and Kia Motors Manufacturing Georgia. "With the addition of our second shift we are building on that foundation to increase KMMG's volume and increase our commitment to the U.S. and local economy."
In addition to the more than 2,000 jobs created at Kia Motors Manufacturing Georgia, suppliers have hired more than 5,200 people for jobs created to support production at the plant. More than 1,000 KMMG team members traveled to Korea for hands-on experience working with the parent company.
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
10:06 AM
0
comments
Labels: fayette front page, georgia, georgia front page, jobs, kia, west point
Thursday, September 23, 2010
Many More Small Businesses Now Eligible for Long-Term Financing With SBA 504 Loans
/PRNewswire/ -- A number of very substantial benefits for America's small businesses were incorporated into the Small Business Jobs and Credit Act of 2010, recently passed in Congress. Included in the legislation were major enhancements to the SBA 504 loan program, an important U.S. Small Business Administration financing program. SBA 504 loans are long-term, government-guaranteed loans designed for small businesses to finance the purchase, construction or renovation of commercial real estate and the purchase of long-term capital assets.
As a result of the legislation, many more small business owners across the country now qualify to receive SBA 504 loans. The net worth for companies to be eligible for an SBA 504 loan was increased, maximum loan size was raised and refinancing of existing debt was also approved.
Among the most important benefits included in the Small Business Jobs and Credit Act of 2010 is an extension of the fee relief for SBA 504 loans. This fee waiver was first enacted in February 2009 as part of the American Recovery and Reinvestment Recovery Act. An additional $505 million has been allocated to fund SBA loan fees through December 31, 2010 saving borrowers many thousands of dollars.
Maximum loan amounts were also permanently increased to a range of $5 to $5.5 million from a previous maximum range of $1.5 to $4 million. Larger projects are now eligible for 504 loans and borrowers who already have loans with the SBA can now return for additional funding.
There was also an increase in the business size standard to be eligible for an SBA 504 loan. Businesses with a tangible net worth of $15 million and 2-year average net income after Federal income tax of $5 million, are now be eligible to apply for SBA 504 financing opening the door to many more small business owners across the country.
Perhaps one of the most beneficial enhancements to the SBA 504 loan program is a temporary two-year program for refinancing existing small business commercial debt. Small business owners holding commercial real-estate loans with undesirable rates will have the opportunity to refinance these loans using the SBA 504 loan program. This will be a boon for small businesses that are having difficulty keeping current on existing high-interest loans since SBA 504 loans are currently available at extremely attractive interest rates. Businesses will be able to remain in their facilities while lenders are not left holding vacant real estate.
SBA 504 loans are typically used by small businesses needing more operating space or by businesses that have lost their leases and decide to invest in their own facilities. Still others want to construct or retrofit facilities to incorporate energy efficient technologies to decrease operating expenses. Businesses needing to invest in capital-intensive equipment and machinery also look to the SBA 504 loan for funding. Small business owners definitely see the advantage of the low down payment which is typically only 10%. The hidden value to our economy is that all SBA 504 loan recipients are also adding jobs in their communities.
Certified Development Companies, or CDCs, are the SBA's conduit for providing 504 loans on Main Street. They are ready and waiting for the anticipated increase in demand this new legislation will generate. CDCs know that many small business borrowers will want to take advantage of these long-term, fixed, low interest rate loans now. Chris Crawford, President of NADCO, the trade association for the nation's CDCs pointed out, "The bottom line is that more small businesses now have an opportunity to invest in their own facilities or expand existing facilities using SBA 504 financing. At a time when the commercial real estate market is depressed and property is more affordable, this is great news for many small business owners."
Since 1986 the Certified Development Company industry has provided nearly $60 billion worth of financing to over 123,700 American small businesses resulting in the creation or retention of over 2.2 million jobs. Contact a Certified Development Company to discuss the program or visit the NADCO website at www.nadco.org for additional information.
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
3:56 PM
0
comments
Labels: 504, class action, credit, fayette front page, fee, georgia, georgia front page, jobs, legislation, loans, relief, sba, small business
Passage of Small Business Jobs Act a Huge Win
/PRNewswire/ -- NSBA applauds the House's prompt approval of the Small Business Jobs Act today. Offering various tax incentives, a much-needed small business lending fund and numerous other pro-small-business provisions, the legislation stands to be of great assistance to America's struggling small businesses. Among the various provisions is the incredibly-important but less-talked-about language that will make health insurance more affordable for the nation's self-employed.
"Seemingly absent in discussions over this bill is the fact that it will end a major tax inequity which forces the self-employed to pay an additional 15.3 percent tax on the cost of their health insurance," stated NSBA President and CEO Todd McCracken. "For years, this unfair penalty has been a thorn in the sides of millions of self-employed individuals, and we applaud its inclusion in this bill."
The Small Business Jobs Act will allow self-employed individuals to fully deduct the cost of their health insurance from their self-employment taxes for 2010. Currently, self-employed individuals are prohibited from fully deducting the cost of their health insurance from their self-employment taxes, resulting in an additional tax that no other worker or business owner is forced to pay.
Additionally, the Small Business Jobs Act includes myriad avenues that will benefit small businesses, including: improved access to capital via small- and mid-sized community banks and through the extension of the highly-successful SBA stimulus lending programs; meaningful tax breaks such as an extension of the bonus depreciation and expanded Section 179 expensing; strengthening of the SBA Office of Advocacy - the regulatory watch-dog for small business within the federal government; an improved federal marketplace for small-business contractors; and enhanced exporting opportunities for small businesses.
"This bill offers a broad array of initiatives that will help America's small businesses," stated Larry Nannis, chair of NSBA and shareholder at Levine, Katz, Nannis + Solomon, PC. "And it comes not a moment too soon."
-----
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
www.FayetteFrontPage.com
Twitter: @FayetteFP
Posted by
Georgia Front Page.com
at
3:51 PM
0
comments
Labels: approval, class action, deduct, fayette front page, georgia, georgia front page, health care, incentives, inequity, jobs, legislation, provisions, small business, tax
Friday, September 17, 2010
Obama Jobs Bill and Task Force Ignore Major Challenge for Small Businesses, According to the American Small Business League
/PRNewswire/ -- The following is a statement by the American Small Business League:
Neither the Obama Administration's Jobs Bill nor the recommendations released on Wednesday by President Obama's Small Business Task force contain any language that will stop the federal government from giving billions of dollars a month in small business contracts to Fortune 1000 firms.
During his campaign, President Obama promised to end the diversion of federal small business contracts to Fortune 1000 firms and stated, "It is time to end the diversion of federal small business contracts to corporate giants." (http://www.barackobama.com/2008/02/26/the_american_small_business_le.php)
Since 2003, over a dozen federal investigations have found corporate giants from around the world as the actual recipients of billions of dollars in federal small business contracts.
Some of the firms that have received government small business contracts include: Rolls-Royce, British Aerospace (BAE), Lockheed Martin, Boeing, Northrop Grumman, L-3 Communications, SAIC, Titan Industries, Raytheon, Dell Computer, Xerox, French firm Thales Communications, Italian firm Finmeccanica SpA, and Ssangyong Corporation headquartered in Seoul, South Korea. Textron, a Fortune 500 firm, received over $775 million in federal small business contracts in a single year.
In 2005, the Small Business Administration Office of Inspector General (SBA IG) referred to the diversion of federal small business contracts to corporate giants as, "One of the most important challenges facing the Small Business Administration and the entire Federal government today." (http://www.asbl.com/documents/05-15.pdf)
In Report 5-16, the SBA IG found large businesses had received federal small business contracts illegally by making "false certifications" and "improper certifications." The SBA Office of Advocacy found large businesses had received small business contracts illegally through "vendor deception." (http://www.asbl.com/documents/05-16.pdf)
Section 16(d) of the Small Business Act prescribes a penalty of up to ten years in prison for firms that misrepresent themselves as small businesses to illegally receive federal small business contracts.
As opposed to offering legislation and policy that will end the diversion of federal small business contracts to corporate giants, language in the "jobs bill" could actually protect large businesses that misrepresent themselves to illegally receive federal small business contracts.
Section 1341, paragraph 4 of H.R. 5297, Small Business Jobs Act, creates a legal loophole that could allow fraudulent firms to avoid prosecution and penalties by claiming they received federal small business contracts through, "unintentional errors, technical malfunctions, and other similar situations."
If the bill becomes law the American Small Business League (ASBL) plans to challenge the language in section 1341 in federal court.
-----
Community News You Can Use
www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
Georgia Front Page
Follow us on Twitter: @GAFrontPage
Posted by
Georgia Front Page.com
at
1:09 PM
0
comments
Labels: bill, business, challenge, contracts, fayette front page, georgia, georgia front page, jobs, legislation, obama, recommendations, small business
Tuesday, September 7, 2010
King’s Hawaiian Announces Oakwood Location
State-of-the-art bakery and distribution operation to create 126 jobs
Georgia Governor Sonny Perdue announced today that Torrance, California-based King’s Hawaiian will locate a bakery and distribution operation in Oakwood in Hall County. The company produces its brand of Hawaiian sweet bread dinner rolls, sandwich and snack rolls and round bread. This project will create 126 new jobs over two years. King’s Hawaiian expects to add an additional 100 jobs around 2015.
“Georgia’s economy receives a considerable boost from the success of food processors in our state, which employ more Georgians than any other sector of manufacturing,” said Governor Perdue. “By selecting Georgia and Hall County, King’s Hawaiian serves as another example of how our state’s pro-business climate continues to create opportunities for new and existing companies, and for communities throughout the state.”
King’s Hawaiian is a leading producer of dinner rolls, and accounts for more than half of U.S. dinner roll sales. The company will complete construction on an existing 111,000-square-foot shell building in the Oakwood South Industrial Park for its Hall County operation. The bakery and distribution facility will be developed by Pattillo Industrial Real Estate.
“It’s always a pleasure to welcome new companies and jobs to Georgia, but it’s even better to welcome them to my hometown,” said Lt. Governor Cagle. “King’s Hawaiian will quickly come to find that Georgia’s talented workforce, quality of life, and business friendly climate are second to none. I applaud Hall County for their commitment to this project and welcome King’s Hawaiian to our neighborhood.”
“In spite of the short time since our first meeting with the folks from the state of Georgia and Hall County, our relationship already feels as if it’s based on years of trust and collaboration to make this a great place to work and live,” said Mark Taira, King’s Hawaiian CEO. “We are looking forward to being a member of this fabulous community. I’ve learned that the spirit of Aloha lives in Hawaii and in Georgia; only the accent is a little different!”
“If there is a model for harmonious collaboration between a state, county and the business community, Georgia and Hall County wrote the patent on it,” said John Linehan, King’s Hawaiian executive vice president. “We’re grateful to the state and county officials who so graciously introduced us to this amazing environment.”
King’s Hawaiian will join Georgia’s vast community of food manufacturers and processors who employ nearly 70,000 Georgians. In addition to the state’s welcoming business environment, advanced manufacturers in the food processing sector can also leverage Georgia’s highly-skilled workforce backed by the Technical College System of Georgia and Quick Start. King’s Hawaiian will receive long-term support from the resources at nearby Lanier Technical College.
“The ‘Aloha Spirit’ is spreading in Hall County and Northeast Georgia,” said Kit Dunlap, president and CEO of the Greater Hall Chamber of Commerce. “King's Hawaiian has an inviting corporate culture that produces irresistible products. We are very pleased with the quality jobs and long term partnership with this community and Georgia.”
Quick Start, Georgia’s acclaimed workforce training program, will provide King’s Hawaiian with training that is customized to the company’s own processes and technology. Quick Start is able to draw upon a rich background of experience training on the use of sophisticated automated control systems and quality-assurance procedures required to produce the distinctive products that have made King’s Hawaiian such a successful brand.
The company expects to begin production at its new bakery and distribution center in fall 2011. Applicants interested in employment opportunities with King’s Hawaiian should register at the Georgia Department of Labor’s Gainesville Career Center. Georgia Department of Economic Development statewide project manager Annie Baxter assisted the company with this project.
---
Community News You Can Use
Click to read MORE news:
www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable
www.ArtsAcrossGeorgia.com
Twitter: @artsacrossga, @softnblue, @RimbomboAAG
---
Also check out:
www.Hummingbird-Hollow.com
Twitter: @hhpotterystudio
http://valueswevalue.blogspot.com
Twiter: @valueswevalue
www.HorizonsLTD.com
Twitter: @gardenemporium
www.SoftCoolers.com
www.Chair-ity-Event.org
www.ClothesLessTraveled.org
Twitter: @cltthriftshop
---
Posted by
Georgia Front Page.com
at
8:22 PM
0
comments
Labels: bakery, business, county, hall, jobs, king's hawaiian
Friday, May 7, 2010
Employment Gains Signal Upward Potential, Says The Conference Board
/PRNewswire/ -- The 224 thousand gain in jobs (excluding the 66,000 additional workers on the census) in April is very welcome news. It clearly shows that this economic recovery can no longer be seen as a jobless one. Following three quarters of growing production, companies apparently find they can't squeeze out any more output without adding workers. This underscores yesterday's news that Q1 productivity growth slowed to a healthy 3.6 percent following the staggering rate of above 7 percent on average in the previous three quarters.
These job gains are comparable to what we've seen following other deep recessions, suggesting that U.S. business has become more confident that the recovery is sustainable. Manufacturing jobs are returning to a significant extent, and construction employment turned the corner in the previous two months. The key factor this spring will be continued gains in service-sector employment beyond health and education.
Continued employment gains of this size could put the economy on a solid 3 percent growth track and -- if productivity growth stays up - even boost it to 3.5 or 4 percent.
-----
www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
Georgia Front Page
Follow us on Twitter: @GAFrontPage
Posted by
Georgia Front Page.com
at
3:10 PM
0
comments
Labels: april, economy, fayette, fayette county, fayetteville, georgia, georgia front page, jobs, peachtree city, recovery, tyrone
Wednesday, January 20, 2010
RWE to Locate New Bioenergy Production Facility in Ware County
One of Europe’s largest energy firms to create 75 jobs and invest $150 million
Georgia Governor Sonny Perdue today announced that RWE Innogy of Germany and BMC of Sweden will locate a bioenergy production plant in Waycross in Ware County, creating approximately 75 direct jobs and investing nearly $150 million. The facility will operate as a wood pellet production plant, and is expected to produce 750,000 tons of wood products annually. RWE will serve as an investor in this project, while BMC will carry out the development of the new facility.
“The plentiful resources in Ware County, such as its abundant forest assets and strategic railroad and highway access to Georgia’s deepwater ports, make it an ideal location for this renewable energy facility,” said Governor Perdue. “We welcome RWE and BMC to Georgia and look forward to the positive impact the Waycross plant will have for the state’s forestry sector, this community and the surrounding region.”
RWE, a leading energy production utility in Europe, is working with BMC to develop the production facility to export wood pellets to Europe. RWE and BMC plan to create the world’s largest renewable energy capacity of wood pellets produced at the new facility. Once they are shipped to Europe, RWE will use the wood pellets to meet the growing European demand for renewable energy.
“With its vast forest lands, Georgia is the ideal partner for us in respect to biomass,” said Prof. Fritz Vahrenholt, CEO of RWE Innogy. “What has convinced us in particular is the high standard of sustainability applied by the state in planting and harvesting forests. This is fully in line with our own criteria. These conditions certainly helped the decision to go ahead with the construction of the pellet factory and to create about 75 jobs."
Operating as Georgia BioMass, LLC, the new production facility will be built on a 300-acre parcel of land donated by the Okefenokee Area Development Authority. Production at the Waycross plant is scheduled to begin in the first quarter of 2011. Future job opportunities will be coordinated through the Georgia Department of Labor’s Waycross office.
“We are very excited about having formed this close cooperation with RWE, to develop a world-class biomass facility to provide the power industry with a tailored pellet with ‘coal like’ characteristics for efficient conversion to electricity,” said BMC founder and managing partner Mats Lindstrand. “The location in Waycross Georgia is perfect for us and we feel very welcomed in the local community.”
Waycross was selected as the site of the new RWE facility in part due to the area’s abundance of forests necessary to sustain wood pellet production.
“Our region is attractive to companies in the renewable energy industry as a result of the area’s accessibility to shipping ports and railways, existing infrastructure, and low-cost operating levels,” said Regina Morgan, Executive Director of the Okefenokee Area Development Authority. “This community proudly welcomes Georgia BioMass, and looks forward to a fruitful relationship for years to come.”
Identified as one of Georgia’s strategic industries, the renewable energy sector is poised for significant growth in the state. Businesses in this industry can leverage competitive assets offered by the Georgia Center of Innovation for Energy, a vital and central resource for companies seeking an advantage in the production of renewable energy and alternative fuels in Georgia.
“Businesses in the bioenergy sector are poised for great success in Georgia,” said Jill Stuckey, director of the Georgia Center of Innovation for Energy. “The state’s logistical advantages, wealth of forest resources and the innovative research being done at Georgia’s universities and prime research facilities make Georgia a strategic location for bioenergy projects.”
Tom Croteau, Director of Energy for the Georgia Department of Economic Development, managed this project.
About RWE Innogy
RWE Innogy pools the renewable energy expertise and generating plants of the RWE Group. The company plans, builds and operates renewable power generation facilities, and aims to vigorously grow its renewable energy capacity. The expansion of onshore and offshore wind power capacities will remain the driver for RWE Innogy’s growth in the future, however, biomass and hydroelectric power will also be vigorously expanded. Innovation is another key focus area for RWE Innogy, not only pursuing classical research and development, but also investing in selected emerging technology companies.
About BMC
BMC (BioMass Capital Management AB with subsidiaries) is a Swedish-based project and technology development company , specialized in wood based biomass to replace fossil fuels. BMC has a highly specialized staff with long experience from the wood products and biomass industries and has offices in Stockholm, Sweden and Savannah, Georgia.
---
Community News You Can Use
www.GeorgiaFrontPage.com
Twitter: @gafrontpage
www.ReadMyLipstickNetwork.com
Twitter: @readmylipstick
www.ArtsAcrossGeorgia.com
www.Hummingbird-Hollow.com
Twitter: @hhpotterystudio
---
Posted by
Georgia Front Page.com
at
10:34 AM
0
comments
Labels: bmc, business, georgia, georgia front page, germany, governor, innogy, jobs, rwe, sonny perdue, sweden
Monday, January 4, 2010
U.K.-based Metal Products Supplier to Open Facility in Liberty County
Company’s Georgia expansion to create more than 200 jobs
Governor Sonny Perdue today announced the expansion of Firth Rixson Limited, a United Kingdom-based provider of highly engineered forged metal products, to Midway in Liberty County. The 200,000-square-foot facility will serve as a closed die forging operation providing components for the aerospace industry. Once fully operational, the company’s Georgia facility will create at least 200 local jobs.
“The aerospace sector is a targeted industry for Georgia,” said Governor Perdue. “With the opening of its new operation in Liberty County, Firth Rixson Limited strengthens our leadership position in the sector and brings welcome news to the county and state as we begin the new year.”
Firth Rixson’s Midway operation will be known as Firth Rixson Forgings LLC, and will represent the company’s largest greenfield investment. The new facility will also become Firth Rixson’s fourth closed die forging facility. The majority of the more than 200 anticipated jobs will be hired from the local workforce, with hiring for human resources positions beginning immediately.
“Firth Rixson Forgings LLC represents the continuation of Firth Rixson’s strategic initiatives and growth plans. Our management and technical development approach consistently results in products that provide satisfaction to our customers, and operational results that satisfy our owners,” said David C. Mortimer, CEO of Firth Rixson. “We will leverage the synergy with our current closed die operations in the United Kingdom to offer our products and service to a broadened market. We are extremely pleased to expand our business in the United States.”
With its new Midway location in close proximity to Savannah, Firth Rixon Forgings will have convenient access to the pipeline of talent at Georgia Tech’s Savannah campus. As one of the nation’s leading engineering schools, Georgia Tech is an active partner to aerospace and other industries, and has a record of being a key factor to the success of companies in Georgia by providing industry expertise and helping them compete in the global marketplace.
“We are very pleased Firth Rixson has selected our environmentally sensitive and well designed Tradeport East Business Center as the location for its new facility,” stated Allen Brown, chairman of the Liberty County Development Authority. “Firth Rixson joins an already robust existing industry base in Liberty County where approximately 70 percent of our current employment is tied to companies headquartered abroad. Companies like Firth Rixson have found Liberty County to be a place where they can grow globally.”
The aerospace industry plays a significant role in Georgia’s economy, and provides more than 80,000 jobs for aircraft manufacturers and aerospace suppliers. Companies in this industry in Georgia can take advantage of the state’s well-trained workforce through the nationally recognized Georgia Quick Start workforce training program.
“As a global leader in manufacturing components for the aerospace industry, Firth Rixson will be in good company among other leaders in this industry that successfully do business in Georgia,” said Ken Stewart, commissioner of the Georgia Department of Economic Development. “Georgia is pleased to be a part of Firth Rixson’s expanded operations in North America.”
About Firth Rixson Limited
Headquartered in Sheffield, UK, Firth Rixson serves customers worldwide in market sectors such as aerospace, defense, power generation, transportation, petrochemical, medical and general industrial. Firth Rixson owns 11 operating facilities in North America, Europe and Asia. Firth Rixson Limited (www.firthrixson.com) is owned by Oak Hill Capital Partners (www.oakhillcapital.com).
About GDEcD
The Georgia Department of Economic Development (GDEcD) is the state's sales and marketing arm, the lead agency for attracting new business investment, encouraging the expansion of existing industry and small businesses, locating new markets for Georgia products, attracting tourists to Georgia, and promoting the state as a location for film, music and digital entertainment projects, as well as planning and mobilizing state resources for economic development.
---
Community News You Can Use
Follow us on Twitter: @gafrontpage
www.FayetteFrontPage.com
www.GeorgiaFrontPage.com
www.ReadMyLipstickNetwork.com
www.ArtsAcrossGeorgia.com
---
Posted by
Georgia Front Page.com
at
10:26 PM
0
comments
Labels: brooks, business, county, fayette, fayette front page, fayetteville, georgia, georgia front page, jobs, liberty, midway, peachtree city, south metro, tyrone, woolsey
Monday, November 16, 2009
Despite Warnings, U.S. Companies Remain Unprepared for Baby Boomers' Exodus
/PRNewswire/ -- With millions of Baby Boomers poised to age out of the workforce, U.S. companies remain unprepared for an imminent talent drain that threatens to alter the national economy, according to a new report by the Sloan Center on Aging & Work at Boston College.
Nearly 70 percent of the almost 700 organizations surveyed do not yet know how old their workers are or how many are likely to retire. Forty percent reported that the aging of the workforce will have a detrimental impact on their businesses by 2012.
"The out-migration of a generation of workers will upset the entire balance of the workplace," said co-author Marcie Pitt-Catsouphes, director of the Sloan Center on Aging & Work. "U.S. companies need to start planning strategically for workforce sustainability. The current abundance of older worker talent and experience is going to dry up, and businesses will very soon need to fill hundreds, if not thousands, of jobs."
The report -- The Pressures of Talent Management -- examined talent management practices at 696 organizations across the 10 leading sectors of the economy. The companies studied employ more than one million workers combined and represent businesses that account for roughly 85 percent of the jobs and payrolls in the U.S.
Additional key findings include:
-- 77 percent of employers surveyed had not analyzed projected employee
retirement rates or assessed employee career plans.
-- 56 percent of these businesses had not assessed the skills their
organizations need today and in the future.
-- About one-third of employers reported not having enough programs for
recruitment or training of older workers.
Though long-predicted, the workforce reduction has generated surprisingly limited responses. In 2000, Baby Boomers represented the largest portion of the U.S. labor force, at 48 percent. By 2010, they're projected to shrink to 37 percent of the workforce, leading some economists predict a shortage of 10-15 million workers in the coming decade.
"Workforce planning makes good business sense," said report researcher Stephen Sweet. "Changing age demographics don't have to disrupt a business -- they may present new opportunities or competitive advantages. Employers should take advantage of programs designed to meet the evolving needs of employees nearing retirement, while at the same time meeting business needs by keeping experienced talent longer and ensuring business continuity."
-----
www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
Georgia Front Page
Posted by
Georgia Front Page.com
at
12:57 PM
0
comments
Labels: aging, baby boomers, business, fayette, fayette front page, georgia, georgia front page, jobs, report, retire, talent, workforce
Monday, September 14, 2009
Shaw Expansion Brings Up to 200 New Jobs to Calhoun
Longtime Georgia manufacturer to re-commission idled facility
Georgia Governor Sonny Perdue announced today that Shaw Industries Group, Inc., will expand its manufacturing operations in Calhoun, creating up to 200 new jobs.
“It’s great news for Georgia that one of our longtime manufacturers is planning for future growth in the state,” said Governor Sonny Perdue. “It is a testament to the strength of our workforce and infrastructure that, even during this economic downturn, Shaw still finds Georgia the best place to invest in its future.”
Shaw plans an overall expansion of operations within its carpet division and will occupy its formerly idled facility in Calhoun, investing in equipment and infrastructure to increase the company’s capacity to process filament yarn, which is used in residential carpet products. Shaw expects the facility’s expansion to be completed by mid-2010, in time to meet customer demand and to allow for future growth in this segment of its business.
“Our commitment to our customers and future growth drives our long-range planning,” said Vance Bell, Shaw Industries CEO. "This expansion of operations, which is located in a community and state we’ve had great experiences with, will give us the best competitive advantage and position for the long term.”
Georgia’s top-ranked Quick Start program will provide customized workforce training as a key part of the state’s support for Shaw’s expansion. Since 1967, Georgia Quick Start has delivered nearly 6,000 training projects helping qualified companies assess, select and train employees for successful startups and expansions.
Georgia Department of Economic Development (GDEcD) Regional Project Manager Brooks Mathis assisted the company with its location, as did the Development Authority of Gordon County.
“We appreciate the investment and the large number of jobs that will be created in our community. The team effort put together by our local representatives, the State of Georgia and Shaw Industries has made this project possible. The future is bright because of the partnership we have with Shaw,” said Larry Roye, Chairman of the Development Authority of Gordon County.
Previous Shaw employees in the community who have been displaced over the past few months due to economic conditions will be given the first opportunity to fill the new positions.
About Shaw Industries Group
Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway, Inc., is the world’s largest carpet manufacturer and a leading floor covering provider with $5 billion in annual sales and approximately 26,000 associates. Headquartered in Dalton, Ga., the company manufactures and distributes carpeting, rugs, hardwood, laminate and ceramic tile for residential and commercial applications worldwide. A recognized leader in environmental stewardship, Shaw has implemented hundreds of sustainability initiatives and cradle to cradle design solutions, collectively termed the Shaw Green Edge. For more information, visit www.shawfloors.com.
---
Community News You Can Use
Follow us on Twitter: @gafrontpage
www.FayetteFrontPage.com
www.GeorgiaFrontPage.com
www.PoliticalPotluck.com
www.ArtsAcrossGeorgia.com
---
Posted by
Georgia Front Page.com
at
2:19 PM
0
comments
Labels: atlanta, brooks, business, calhoun, county, dalton, fayette, fayette front page, fayetteville, georgia, georgia front page, jobs, peachtree city, tyrone, woolsey
Monday, August 17, 2009
Governor Announces First Data to Relocate Headquarters to Atlanta
Global leader in electronic commerce and payment processing will create up to 1,000 jobs over the next three years
Georgia Governor Sonny Perdue announced today that Fortune 500 electronic commerce and payment processing firm First Data Corp. plans to relocate its global headquarters to Atlanta. First Data plans to hire new positions to support the business and product development that they anticipate will be needed in the coming years. They expect to hire up to 1,000 employees in Atlanta over the next three years.
“Georgia is continuing to attract headquarters relocations of innovative technology companies such as First Data,” said Governor Perdue. “Our state’s educated workforce, business-friendly environment and ease of access to key markets make it an ideal choice for growing technology companies.”
With this investment, First Data plans to consolidate its Atlanta activities, operations and technology support, sales and marketing, and product development. The company plans to expand its 180,000 square foot facility on the Glenridge Connector in Fulton County. Salaries at First Data are above the average wage for the metro Atlanta area.
“Atlanta is well-known for being a major hub for the payments industry and First Data already had a significant presence here,” said Michael Capellas, chairman and CEO of First Data. “Atlanta allowed us to consolidate operations, be closer to our customers, and continue to recruit from great talent pool.”
“On behalf of the mayor and city council members of Sandy Springs, I am delighted and excited the global headquarters for First Data consolidated to Glenridge Highlands Two. It is encouraging in these economic times that a major corporation in the payments processing industry would make such a move,” said Sandy Springs City Councilman Rusty Paul. “We appreciate the work that was expended on behalf of Sandy Springs, and we thank the Georgia Department of Economic Development, Metro Atlanta Chamber and the Development Authority of Fulton County for their efforts.”
“First Data Corporation’s decision to move to Atlanta demonstrates that our metropolitan region and Georgia continue to provide the business assets that corporate headquarters and financial service companies need to succeed in a global business environment -- including the best international airport in the world; a young, diverse and educated workforce; a competitive cost of doing business environment and an excellent quality of life,” said Hans Gant, senior vice president of economic development for the Metro Atlanta Chamber. “We welcome Fortune 500 company First Data to Atlanta”.
Blair Lewis, project manager for the Georgia Department of Economic Development, assisted the company in its location.
---
Community News You Can Use
Follow us on Twitter: @gafrontpage
www.FayetteFrontPage.com
www.GeorgiaFrontPage.com
www.PoliticalPotluck.com
www.ArtsAcrossGeorgia.com
---
Posted by
Georgia Front Page.com
at
8:34 PM
0
comments
Labels: atlanta, brooks, business, county, fayette, fayette front page, fayetteville, first data, georgia, georgia front page, jobs, peachtree city, south metro, tyrone, woolsey
Tuesday, June 2, 2009
NCR to Move Corporate Headquarters to Georgia
Fortune 500 company’s headquarters relocation, new ATM manufacturing facility will bring a total of 2,120 jobs to state
Governor Sonny Perdue announced today NCR will dramatically increase its presence in Georgia, relocating its corporate headquarters to Duluth moving 1,250 jobs to the state. The Fortune 500 company, the world’s leading provider of ATMs, self-checkout and other innovative assisted- and self-service solutions, will also establish a state-of-the-art manufacturing plant in Columbus that will employ an additional 870 people over the next five years.
“Today’s announcement is just the latest example of how strong the relationship is between this great multi-national company and our state,” said Governor Perdue. “Georgia is truly a one stop shop as a headquarters location for a worldwide leader such as NCR. We look forward to helping the company thrive thanks to our global business environment, outstanding education and workforce development initiatives and a quality of life that is second to none.”
NCR’s decision to locate its ATM production in Columbus follows its announcement in October 2008 that it will establish a global Center of Excellence in Peachtree City. The Center will see NCR co-locate several key components of its Worldwide Customer Service operations and create 916 jobs over 26 months. NCR's retail line of business is already based in Duluth. The company is creating or retaining a total number of 3,036 jobs in Georgia based on all three phases of the project.
NCR will take advantage of an aggressive leadership training program delivered by the University System of Georgia’s Intellectual Capital Partnership Program (ICAPP). In addition, the company will partner with the Georgia Research Alliance (GRA) and the Georgia Institute of Technology’s College of Computing, Health Systems Institute, Industrial and Systems Engineering School and College of Management to keep its management, products and services on the leading edge of innovation. Georgia Quick Start will also provide the company with a customized new program targeted at leadership and innovation training. The Columbus facility will produce advanced technology that enables consumers to use ATM kiosks for a growing range of financial transactions, such as no-envelope, intelligent deposit. The company will begin recruiting immediately and will transfer all ATM manufacturing for North America to the new facility by the end of 2009.
“The decision to consolidate functions in Georgia and build a technology focused corporate headquarters campus is right in line with our business strategy to drive growth, improve our innovation output, increase productivity and continually upgrade our focus on the customer,” said Bill Nuti, NCR’s chairman and chief executive officer. “We will decrease time-to-market for innovative solutions, improve our internal collaboration, deliver next generation employee education programs and lower our current operating costs. NCR is already benefiting from Georgia’s pro-business environment through our existing operations. For example, we have recently created NCR University, working in partnership with world-class academic institutions in Georgia.”
NCR’s total investment will be $30 million and annual payroll will exceed $150 million, enabling the company to take advantage of the Mega Job Tax Credit newly updated by the Georgia Legislature and signed into law by Governor Perdue.
NCR joins 13 other Fortune 500 companies and 29 other Fortune 1,000 companies located in Georgia, including the corporate headquarters for AGCO, AFLAC, The Coca-Cola Company, Delta Air Lines, The Home Depot, Merial, Mueller Water Products, Newell-Rubbermaid, Porsche and UPS. Among the attributes that help multinational companies thrive in the state are:
Global access
o Georgia is home to the world’s busiest airport and the world’s largest airline, serving 6 continents and 180 U.S. destinations with non-stop
service.
o Georgia has more than half a million foreign-born residents served by more than 100 consulates, international trade offices and bi-national
chambers of commerce as well as numerous cultural organizations.
o Georgia’s 10 international offices in Europe, Asia and the Americas connect companies to global business opportunities.
Talented workforce pool
o Georgia ranks 4th in the U.S. at attracting newcomers, with a net gain of about 315,000 new residents between 2005 and 2007.
o Georgia has a young population and strong in-migration. More than half the population is ages 20-54, and over 100,000 people move here each
year.
o The Atlanta region is 1st in the U.S. for growth in highly-educated people ages 25-34 — the most coveted demographic in the nation.
Top-ranked academic institutions
o The University System of Georgia is among the largest in the country, graduating around 44,000 students each year.
o College enrollment in metro Atlanta is growing faster than in any other top U.S. higher education center, and is outpacing the rate of population
growth in the metro region.
o The Atlanta region’s rate of growth in number of degrees awarded is 2nd-highest in the country.
Quality of life
o Georgia is the only state in the U.S. that guarantees state high school graduates who have a “B” average or better a free technical or university
education through the HOPE Scholarship program.
o Georgia’s cost of living is below the national average.
o Georgia’s mild climate leads not only to few workplace interruptions due to weather events, but the ability for citizens to take advantage of
outdoor activities year-round.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming and public sector organizations in more than 100 countries.
---
Community News You Can Use
Follow us on Twitter: @gafrontpage
www.FayetteFrontPage.com
www.GeorgiaFrontPage.com
www.PoliticalPotluck.com
www.ArtsAcrossGeorgia.com
---
Posted by
Georgia Front Page.com
at
8:51 AM
0
comments
Labels: atlanta, brooks, corporate, county, fayette, fayette front page, fayetteville, georgia, georgia front page, headquarters, jobs, ncr, peachtree city, tyrone, woolsey