Our network

Business

Bank of America adds 35 small biz bankers in Atlanta

Bank of America adds 35 small biz bankers in Atlanta

ATLANTA -- Bank of America Corp. reported Wednesday it hit its target of hiring more that 1,000 small business bankers in 2012, including 35 in Metro Atlanta.

The Charlotte, N.C.-based bank said it extended $280.2 million in credit to Georgia small businesses and $8.7 billion nationally last year. The $8.7 billion was an increase of 28 percent over 2011.

It recently reported net income of $2.8 billion for 2012. It also saw its head count shrink by about 5,000 employees to 267,190 in the fourth quarter, evidence that BofA is still trimming staff levels as it works to lower its expenses. Branches also continued to close, with BofA reporting 5,478 banking centers across its U.S. franchise at the end of the year, down from 5,702 centers a year earlier. 

Bank of America is the third-largest bank in metro Atlanta with 145 local branches and $20.4 billion in area deposits for a market share of 17 percent. 

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com, the digital platform for career women, hosted its 8th Annual Fall Empowerment Event on November 13. More than 300 professional women attended the luncheon event, at the Atlanta History Center, along with more than 550 unique viewers joining via live stream. Some viewers planned gatherings of 50 or more women and leveraged the event to enhance their own business and networking meetings in cities across the globe.

The executives on the panel candidly answered questions related to their career paths to the C-Suite. Glenda Umaña, anchor at CNN en Español, was the event’s moderator. Read LittlePINKBook.com’s “Top 10 Takeaways” for favorite thoughts shared by the three panelists:

·        Teri List-Stoll, SVP and Treasurer, Procter & Gamble

Higher pay for DeKalb school administrators draws fire

DEKALB COUNTY, Ga. -- Just a few months ago, DeKalb County's School Board was cutting millions from its budget and eliminating jobs.

Now some are wondering how they can approve raises for 4 top school administrators, especially with very little public notice.

"We didn't even have a full board to even vote on the decision to give those particular people raises," DeKalb County parent Cheryl Miller told 11Alive News.

The community school activist accuses the school system of pulling a fast one.

They only gave a few hours notice that the salary hikes would be on the agenda for a Monday meeting attended by only five of nine board members.

At the request of new Superintendent Cheryl Atkinson, the board voted 3-to-2 to give higher salaries to four of her top administrators, ranging from $3,400 to $4,000 a year more.

Burlington Coat Factory to open in Lilburn

Burlington Coat Factory to open in Lilburn

LILBURN, Ga. -- A brand new Burlington Coat Factory will open in Lilburn Friday.

The store, which is located in the Killian Hill Village shopping center on Stone Mountain Highway, will hold a ribbon cutting at 10 a.m.

Representatives for the department store chain's philanthropic program, Burlington Gives Back, will be on hand to introduce the non-profit to Gwinnett. Burlington Gives Back donates new clothing to local charities through a partnership with Fashion Delivers.

Learn more about Burlington at burlingtoncoatfactory.com.

Small Business Administration offers drought aid

Small Business Administration offers drought aid

ATLANTA -- The U.S. Small Business Administration announced Monday that it will accept applications for loan assistance for Georgia enterprises in 12 counties affected by the drought.

The aid program targets farm-related and other entities not covered by aid from the Department of Agriculture.

The eligible counties are Banks, Barrow, Cherokee, Dawson, Forsyth, Fulton, Gwinnett, Habersham, Hall, Jackson, Lumpkin and White.

The loans are intended to cover fixed costs such as payroll and scheduled debt payments. They are capped at $2 million with terms up to 30 years. Interest rates are 3 percent for non-profits and 4 percent for small businesses. The SBA determines the amounts and specific terms.

More information for potential applicants is available by calling 800-659-2955 or going online to sba.gov.

The application deadline is Apr. 22, 2013.

Committee votes against commercializing Gwinnett airport

LAWRENCEVILLE, Ga. -- An airport citizens review committee voted Monday against privatizing or commercializing the Gwinnett County airport, reports the Gwinnett Daily Post. The committee's vote was due to the Gwinnett County Board of Commissioners on May 8.

The vote was led by members who have protested a proposal to add commercial flights at Briscoe Field. That lead to a split vote on the majority of measures considered by the group -- with six members voting in favor and five abstaining, the newspaper reported. Some members of the committee were bothered by what they saw as a rush to vote and said they would have liked more time before a decision was made.

The recommendation will be made to the Gwinnett County Board of Commissioners, which will have the final say. Commissioners have also been split on the issue.

Dept. of Labor launches system to improve unemployment insurance

Dept. of Labor launches system to improve unemployment insurance

ATLANTA -- The Georgia Department of Labor recently rolled out a new electronic system designed to increase efficiency and reduce costs of operating the state's unemployment insurance program.

Georgia is one of 10 states to adopt the State Information Data Exchange (SIDES) E-response. It allows employers to respond promptly to the Department of Labor when a former worker files an unemployment claim, according to state Labor Commissioner Mark Butler.

"This new online capability is part of our continuing effort to make the Georgia Department of Labor more user-friendly and technologically up-to-date," Butler said in a statement. "This will significantly speed communications between the labor department and employers. At the same time, it will help prevent some overpayments to people who might not be eligible for benefits, saving us from having to go back and try to collect money from ineligible applicants."