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Brunswick Business Journal Staff Report

April 15, 2016 -  Tarantino Properties Inc., of Houston, Texas, has been awarded the management of Brookstone Apartments, an 30 unit multifamily property in Valdosta, GA.

Brookstone Apartments is part of an 8000 unit takeover by Tarantino Properties Inc. The property management firm announced earlier this week an expansion that covers 12 states with 38 new management properties in the multifamily division, including senior living.

In addition to Brookstone, Tarantino has successfully operated hundreds of thousands apartment units throughout the U.S in states such as Arizona, Texas, Alabama and Florida too name a few. The company continues to grow each year expanding their business throughout the national market. “We are ecstatic about our growth as it is a reflection of our great commitment to our clients. Our success can be attributed to our dedicated and long-term staff, many of whom have been with us for 20-30 years.” said Anthony Tarantino, President and sole owner.

Tarantino is expected to take these newly acquired properties to the next level, with their hands on management approach focused on delivering maximum value to the multiple clients within this portfolio.

Tarantino Properties, based in Houston, TX is a full-service real estate company specializing in income-producing real estate, and currently manages over $2 Billion in assets throughout the United States.

 

By Lou Phelps, Coastal Empire News

April 6, 2016 -  There are now an estimated 457,000 women-owned firms in Georgia, employing 273,300 and attributing to roughly $53,224,000 according to the sixth annual State of Women-Owned Businesses Report, commissioned by American Express OPEN.

The comprehensive report was released today, analyzing data from the U.S. Census Bureau’s Survey of Business Owners and factoring in relative changes in Gross Domestic Product (GDP).

It shows a 22.5% growth rate in women-owned businesses since 2012, and a 62% growth rate since American Express began its report back in 2002.

The unique analysis, reported by industry, revenue and employment size at the national and state levels, shares a new and nuanced investigation into the growth trends among the 11.3 million women-owned enterprises since the recession. 

Nationally, the number of women-owned firms (between 2007 and 2016) increased by 45%, compared to just a 9% increase among all businesses, with Georgia far outpacing growth rates in other states. 

Therefore, over the past nine years, the number of women-owned firms has grown at a rate fully five times faster than the national average, according to the report.

And, Georgia is ranked second (62%) in growth of number of firms over the past nine years and 25th (30%) in growth of firm revenue 

 

BBJ.com Special Report

Executives with Wal-Mart Stores Inc. say they plan to move production of some shoes from overseas to a manufacturing plant in south Georgia, which they say will create 250 jobs in the state.

A spokesman for the retailer told the Associated Press on Thursday that the Bentonville Ark., company has plans for the facility in Hazelhurst, a Jeff Davis County town about 100 miles west of Savannah.

Walmart said its longtime supplier Elan-Polo Inc. will start production of injection-molded footwear in March 2014 in Hazelhurst as part of a joint venture with McPherson Manufacturing.

Officials say the facility will produce 20,000 pairs of shoes per day once it is at full capacity. Previously, the shoes were manufactured overseas.

This is the second announcement this week of companies bringing formerly overseas clothing production to Georgia soil.

On Wednesday, Gov. Nathan Deal has announced that Shrivallabh Pittie Group, a leading textile manufacturer in India, will build its first U.S.-based manufacturing facility near Sylvania, creating 250 jobs and investing $70 million.

July 30 – A statewide network of compressed natural gas fueling stations has kicked off with the opening of a station in Valdosta.

Georgia Public Service Commission member Doug Everett of Brunswick said this program has spurred other companies to enter the CNG fueling station market in Georgia with plans to construct stations along the state's Interstate corridors.

“With the opening of the first of five planned stations, this is one more step in making CNG a viable alternative fuel option,” Everett said. “With the abundance of domestic natural gas supplies this type of service can be a major factor in moving our country away from dependence on foreign energy sources.”

Operation  of the first commercial CNG fueling station was initiated under the Commission-approved Atlanta Gas Light Company CNG Program. Langdale Fuel will operate the station in Valdosta and will offer public access to CNG vehicles by adding two fueling islands at the existing station at 1628 James P. Rogers Drive.

In June 2009, Commissioner Everett called on Atlanta Gas Light to develop a proposal to stimulate CNG Station development in Georgia, and to bring the national focus on the emerging natural gas vehicle market to the state. Everett’s call was to solve the “chicken or the egg” problem that challenges first movers in any new market —that is, to find a way to have investment decisions by fleet owners, station owners and vehicle manufacturers to occur simultaneously based on market certainty.

The proposal approved by the Commission in October 2011 relies heavily on private investment in new vehicles and in new fueling station infrastructure. Atlanta Gas Light’s residential and commercial customers will not be asked to underwrite the initial investment or operational costs. Atlanta Gas Light will award up to $11.57 million from the Universal Service Fund (USF) to qualified station owners that meet minimum financial and contractual obligations; including having approximately 20 percent of the station’s CNG fueling capacity under contract to one or more fleet customers for a five year period.

Atlanta Gas Light will install, own and maintain CNG equipment used to compress and store natural gas for quick-fill fueling applications, and will charge a regulated rate to the station owners for this service. Station owners will not be regulated by the Commission, and prices paid by consumers will be set by market forces. Georgia currently offers a $2,500 per vehicle income tax credit to individuals and companies that invest in alternative fuel vehicles.

Commissioner Everett is currently in his second six-year term on the Commission. He was the first Republican from southwest Georgia elected to the Commission in November 2002. He also served in the State Legislature and in Albany, GA, city government.

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