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Month: July 2022
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Georgia awards $1.85M grant to support Denkai America’s new plant in Augusta
(The Center Square) — Georgia has awarded a $1.85 million EDGE grant to the Augusta Economic Development Authority to support an electrodeposited copper manufacturer planning a new Richmond County facility. This week, Denkai America announced that it plans to invest $430 million in a new North American headquarters and manufacturing facility in the Augusta Corporate Park at Valencia Way. The company plans an initial investment of $150 million to establish an ED copper foil production
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Report: Georgia ranks highly for workers quitting their jobs despite low unemployment rate
(The Center Square) — Georgia ranked among the states with the highest number of workers quitting their jobs, even as state officials tout the lowest unemployment rate on record. A new analysis from WalletHub found that The Peach State ranked fifth as the state with the highest resignation rate, with nearly 3.9% leaving their jobs over the past 12 months. Nationally, Alaska topped the list, ahead of Montana, Wyoming and Florida. “There are different reasons
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Georgia’s June unemployment rate hits all-time low of 2.9%
(The Center Square) — Georgia’s June seasonally adjusted unemployment rate hit an all-time low of 2.9%, below the national unemployment rate of 3.6%, state officials said. The number of jobs in the state reached an all-time high of more than 4.8 million, increasing by 18,100 from May to June and 246,300 over the year. “We have never seen an unemployment rate below three percent,” Georgia Labor Commissioner Mark Butler said in an announcement. “The unemployment
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Federal appeals court rules that Georgia’s fetal heartbeat bill can take effect
(The Center Square) — A federal appeals judge ruled Wednesday that Georgia’s fetal heartbeat law can take effect following a U.S. Supreme Court ruling overturning Roe v. Wade. In 2019, Georgia lawmakers passed House Bill 481, the Living Infants Fairness Equality Act, commonly called the “Heartbeat Bill.” It would ban most abortions once a fetal heartbeat is detected — usually after about six weeks. In 2019, U.S. District Judge Steve C. Jones blocked the law
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New $430M electro-copper plant, company headquarters planned for Georgia, but incentives are unknown
(The Center Square) — An electrodeposited copper manufacturer plans to invest $430 million in a new North American headquarters and manufacturing facility in Richmond County. Denkai America plans an initial investment of $150 million to establish an ED copper foil production facility on a 115-acre site. The company’s materials have mainly been used in printed circuit board applications for the aerospace and defense industries and are now used in lithium-ion batteries for electric vehicles. However,
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