Business

F’ville movie studio will help PTC revenue

Matt Forshee, president of the Fayette County Development Authority, in a file photo from February 2013.

No word yet on first production planned for Pinewood Atlanta Studios

The Pinewood Atlanta Studios may be on the new western border of Fayetteville, but Peachtree City should see a significant financial windfall from the production of movies there.

It’s estimated that the city will see an annual bump of between $400,000 to $500,000 a year in its regular sales tax collections alone.

Fayette County Development Authority President Matt Forshee, in a presentation to the Peachtree City Council Thursday, said the studio will need to purchase raw materials to construct sets, which is where most of the sales tax increase will come from. Read More»

Panasonic adding 150 more jobs in expansion of PTC location

4 other PTC companies to expand; 2 new ones coming here

The Panasonic facility in Peachtree City has added 100 jobs in the past year and currently has 50 openings for software engineers in high-paying jobs, the city council was told Thursday night. Read More»

F’ville Council to hear how to get TAD redevelopment district started

Fayetteville voters last year overwhelmingly supported the Redevelopment Authority Powers referendum that gives the city a way to enhance the potential to have older commercial properties redeveloped. The City Council on Thursday will hear a presentation on how that process might work. Read More»

Fayette property values go up

It marks the most significant economic shift in Fayette County since the fair market value of all property in the county nose-dived more than 20 percent beginning a few years ago due to the effects of the Great Recession and its economic aftermath. That downward trend has now been reversed, Read More»

Coweta, Newnan unemployment on the rise in July

Unemployment numbers for Coweta County and Newnan shot up dramatically in July. Jobless numbers jumped by nearly half a point while the unemployment rate in the Three Rivers Commission area rose to more than 11 percent.

Coweta in July saw jobless numbers rise to 8.4 percent, up from the 8 percent rate in June. The unemployment rate in July 2012 was 9.3 percent.

Coweta’s jobless rate represents 5,474 people out of work in a workforce of 65,282.

The situation in Newnan was worse than that experienced by the county. The July rate in Newnan was 9.7 percent, up from 9.3 percent in June. Read More»

4 PTC firms make Inc. Magazine’s Fastest Growing list

4 PTC firms make Inc. Magazine’s Fastest Growing list

Inc. magazine this week announced its list of the 5,000 fastest-growing companies in the United States. Making the list were four companies located in Peachtree City.

SAWTST topped the local list coming in at number 1,005 on the “Inc. 5000” list, followed by NAECO at number 1,370, Powersports Marketing at number 1,435 and Aventure Aviation at number 2,838. Each of the companies are located in Peachtree City. Read More»

Fayette’s unemployment rate fell a half point in July

Fayette County’s unemployment rate looked better for July after a jump in the wrong direction in June. The July jobless rate fell by half a point to 7.7 percent.

July unemployment figures released by the Georgia Department of Labor showed Fayette with a 7.7 percent jobless rate. That compares to the 8.2 percent rate in June and a rate of 8.4 percent a year ago. The July figure translates into 4,181 people in Fayette without work in a workforce of 54,256. Read More»

Coweta denies senior complex, apartments

Project representative Dennis Drewyer makes the case for the apartment zoning. Photo/Ben Nelms.

Proposals to construct 265 high-end apartments and a senior village community on Hollz Parkway at Ga. Highway 34 were denied on 4-1 votes Tuesday night by the Coweta County Commission.

Presented as separate agenda items, Hollz Village Apartments on 24 acres was proposed for the west side of Hollz Parkway while the senior village on 30 acres was proposed for the east side of the parkway. Read More»

Chick-fil-A to add store on 54W, but will close original PTC location

The new Chick-fil-A restaurant coming to Ga. Highway 54 West and Line Creek Drive will reveal a new direction taken by the company, featuring a brick and glass exterior along with various internal touches as a nod to the chicken chain’s beginnings.

The new concept, which includes an outdoor dining area, was approved unanimously by the Peachtree City Planning Commission Monday night. Read More»

Despite economy, Senoia reinvents downtown area

All the cars filling parking spaces in downtown Senoia on virtually every day of the week is indicative of the the economic development boom that began in defiance of the Great Recession and continues today. The downtown area has experienced a 700 percent increase in businesses since 2007 and has a waiting list of others wanted to locate there. Photo/Ben Nelms.

Call it an economic miracle. Call it impossible. Or maybe call it effective planning and implementation with a vision for the future.

However it is described, the downtown Main Street area of Senoia since the Great Recession began in late 2007 has seen a 700 percent increase in business growth.

Senoia Enterprises, Inc. developer Scott Tigchelaar said the downtown area had seven businesses open in 2007. By early 2013 that number had swelled to 50 businesses, and came little remaining space available and with a waiting list of others wanting to locate on Main Street. Read More»