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Old LaFayette Bluebird Plant Gets New Occupant
LAFAYETTE, GA - New jobs are headed to Walker County. Phillips Bros. Machine Co. announced today in a news conference, at the site of the former Bluebird plant, that they are immediately hiring 40 new workers for the new plant and an additional 50 workers long-term.
The need for additional workers comes as Phillips Machine and the Walker County Development Authority officially closed the land sale of the former Bluebird bus plant.
Phillips Machine Co. has purchased 45 acres, including the Bluebird manufacturing facility that will house their new operations. The remaining 80 acres have been acquired by the Walker County Development Authority, and will provide added incentives when attracting new industrial business prospects to the area.
"The announcement of almost 100 new jobs is a direct reflection of the hard work and high caliber that our local workforce offers to new and existing businesses contributing to the economic success of Walker County," said Bebe Heiskell, Walker County commissioner. "The focus of the Commissioner's Office and Walker County Development Authority has been and will continue to be maintaining significant job growth in our area by providing support to businesses such as Phillips that can bring a positive economic impact to our area."
"Now that the land sale is complete, we are ready to expand our operations more than ever before and bring on the large number of individuals who will join the Phillips family," said Michael Phillips, Phillips Bros. Machine Co. plant manager. "The final closing of the land deal makes our company's expansion official, and we owe a large part of that to the involvement of the Walker County Development team."
Since the economic downtown of 2008, the number of unemployed individuals drastically increased when businesses such as Bluebird were forced to shut their doors. Development officials in Walker County have made it a top priority the past four years to seek out and support business opportunities that put residents back to work and enhance the local economy. The new land deal acquiring Bluebird's property will allow for this through the addition of almost 100 jobs and opening up opportunities for more new business growth.
"The success of companies like Phillips, Roper, Nissin Break and others, reflected in ongoing job creation, is a valuable asset to Walker County's economy and extremely low unemployment rate that continues to be one of the lowest in the state," said Commissioner Bebe Heiskell. "It is a great way to show future potential new industries that Walker County is a great place to bring your business and thrive."
This latest land acquisition by Walker County will be an advantage for future industrial recruitment efforts. The Walker County Industrial Park continues to attract new industries bringing economic growth through tax incentives, fiber optic capabilities and large amounts of available space for growing businesses to utilize.
Phillips Brothers makes parts for machinery like bulldozers and dump trucks and also supply parts for Alstom in Chattanooga.
The company currently operates on Mission Ridge Road in Rossville.
More Business News
Last Update on October 31, 2014 17:47 GMT
WASHINGTON (AP) -- U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October.
The University of Michigan says that its index of consumer sentiment rose to 86.9 from 84.6 in September. That's the highest since July 2007, five months before the Great Recession began. Still, the index regularly topped 90 before the downturn.
Richard Curtin, the survey's chief economist, says that almost six in ten of the respondents said the economy has improved recently, the highest proportion in more than 10 years.
The measure is the second this week to show consumer confidence has reached the highest level since the recession. Greater confidence and more hiring could lead to faster spending and healthier economic growth.
WASHINGTON (AP) -- U.S. consumer spending fell in September, the first decline since January, as shoppers took a breather after a big spending spree in August. Income growth posted the slowest gain this year.
The Commerce Department says consumer spending dropped 0.2 percent in September. Income edged up 0.2 percent in September, the smallest monthly gain since a flat reading last December.
The spending decline followed a big 0.5 percent increase in August. In September demand fell for durable goods such as autos and for nondurable goods, a drop that partially reflected falling prices for gasoline.
Spending is closely watched because it accounts for 70 percent of economic activity. Economists believe September will be a temporary pause as continued hiring gains pushing up spending and the overall economy in coming months.
NEW YORK (AP) -- The average price of gasoline in the U.S. hit $3 a gallon Friday, and should soon drop below the benchmark for the first time since December 2010.
The price at the pump fell 33 cents in October, thanks mainly to plunging oil prices, according to AAA.
Many exuberant drivers have taken to social media to post pictures of gas station signs with prices of $2.99 or lower. Drivers in South Carolina and Tennessee are paying the lowest prices, with an average of $2.75 a gallon.
Drivers in New York are paying the most in the continental U.S., at an average of $3.37. That's still 22 cents cheaper than a year ago.
Gasoline is cheaper than milk again. In September the national average price of milk was $3.73 per gallon.
NEW YORK (AP) -- Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.
Exxon and Chevron leaned on strong performances from their refining operations to increase profits in the third quarter despite plummeting global oil prices.
The global price of oil fell 18 percent from the beginning of the quarter to the end, and it cost both companies. Revenue slipped at Exxon by 4 percent and at Chevron by 8 percent.
But low oil and natural gas prices make for low raw material costs -- and higher profit -- for refining and chemical operations, which turn oil and gas into fuels and chemicals. Profit at Exxon's refining and chemicals operations rose 38 percent compared with a year earlier, and Chevron's profit from its so-called downstream operations more than tripled.
Those results helped Exxon's overall earning rise 3 percent in the quarter to $8.07 billion. Chevron's earnings rose 13 percent to $5.59 billion.
NISSAN-AIR BAG RECALL
DETROIT (AP) -- Nissan says it's recalling more than 1,800 Infiniti SUVs in the U.S. for an air bag problem that could send shrapnel into the passenger compartment.
The recall covers the QX56 SUVs from 2013 and the QX80s from 2014. The company says inflators made by Takata Corp. were built with an incorrect outer baffle part. That can cause pressure to build up, and the inflators can rupture if driver's side air bags are deployed.
Nissan has no reports of injuries from the problem. It was discovered after General Motors recalled 33,000 Cruze compact cars for the same problem in June. The Infiniti recall is part of a larger global recall of 260,000 Nissans announced last week.
Takata says the recall is separate from another one affecting 8 million vehicles in the U.S.
FRANKFURT, Germany (AP) -- Inflation has crept higher in the 18 countries that use the euro but the rise to 0.4 percent in the year to October is unlikely to offer much relief to the European Central Bank as it tries to boost a weak economy.
The official figure released Friday was up from 0.3 percent the month before.
The European Central Bank is under pressure to give the eurozone another dose of stimulus measures in coming months because inflation is so low and growth so weak. There are fears the eurozone could even fall into outright deflation, a crippling downward price spiral.
Core inflation, a key measure because it excludes volatile food and energy prices, fell to 0.7 percent from 0.8 percent.
The bank's goal is to keep inflation just below 2 percent.
LONDON (AP) -- Royal Bank of Scotland, which is majority-owned by the U.K. government, has set aside 400 million pounds ($639 million) to cover potential fines arising from international investigations into alleged manipulation of foreign currency trading.
The total represents over half the 780 million pounds the bank earmarked for "conduct and litigation costs" in third-quarter earnings released Friday.
The results show the bank, which was bailed out by the government during the 2008 financial crisis, swung back to profit during the July-September period. Its net income of 896 million pounds follows an 828 million-pound loss last year.
CEO Ross McEwan says the bank knows it has "a long list of conduct and litigation issues to deal with and much, much more to do to restore our customers' trust in us."
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