1. Articles in category: Local Economy

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    1. U.S. Business Executives Cite Scarcity of Skilled Personnel as Top Con

      – Business executives maintained their generally upbeat view of prospects for the U.S. economy, and have upgraded expectations for profit and revenue growth over the next 12 months, according to the third-quarter AICPA Economic Outlook Survey , which polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

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    2. What Is ASEAN? If Nothing Else, a Job Creator for Georgia - Global Atlanta

      What Is ASEAN? If Nothing Else, a Job Creator for Georgia - Global Atlanta

      To those uninitiated in the lingo of global trade, ASEAN might look like a capitalized misspelling of “Asian.” But in reality, it represents an economically vibrant bloc in that very region that is home to nearly a tenth of the global population, some 625 million people. And according to a new report, U.S. trade with these 10 countries on the other side of the world resonates significantly back here at home.

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    3. Sales Tax Amnesty Program Extends to 13 States | CPA Practice Advisor

      The Multistate Tax Commission ("MTC"), in conjunction with 13 member states, has announced the launch of a sales tax amnesty program aimed at helping online sellers to become compliant with sales tax nexus regulations. This program was born from discussions that MTC Program Director, , had with Amazon sellers when he presented to more than 1,000 established Amazon sellers at the internet marketing event, PROSPER Show, in .

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    4. Study: Nonprofits To Expand To Survive

      Study: Nonprofits To Expand To Survive

      More than three-quarters (76 percent) of nonprofits are at least somewhat likely to expand fundraising efforts during the next 12 to 18 months – a product of a growing to desire to not make like an Annie Hall shark and die by not moving forward.

      A whopping 84 percent anticipate seeking out new grant funding opportunities while organizations are at least somewhat likely to pursue partnerships with other organizations (72 percent), provide new services that will bring in new revenue (69 percent), and engage in corporate sponsorship (67 percent).

      “Nonprofit Finance Study – Managing Growth,” conducted by nonprofit and association software firm ...

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    5. Falcons make Forbes list of most valuable teams

      The Atlanta Falcons are one of the sports world’s 50 most valuable teams, according to Forbes. Forbes ranks the Falcons No. 33 on its 2017 list of The World’s Most Valuable Sports Teams. Forbes says the team is worth $2.13 billion, a 27 percent increase in the past year. No other Atlanta team made the list, which is dominated by football and soccer teams, as well as teams from the largest American cities, including New York, Chicago and Los Angeles. The top five teams on the list are the Dallas…

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    6. ​Georgia No. 8 best state to start a business

      If you’re looking for a place to start and grow your business, the Peach State is fertile ground. According to a new report from the personal-finance website WalletHub, Georgia is the No. 8 best state to start a business. To determine the best cities to start a company, WalletHub compared the 50 U.S. states across 20 key indicators of startup success. The data set ranges from financing accessibility to availability of human capital to office-space affordability. Here is how Gerogia stacked up…

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    7. Exclusive: Chick-fil-A Peach Bowl breaks economic impact as College Football Playoff Semifinal

      The ninth-oldest bowl game in the country's first run as a College Football Playoff Semifinal generated a record economic impact to the Atlanta economy of more than $61.96 million, up from $41.8 million last year. Atlanta-based Peach Bowl Inc., operator of the Chick-fil-A Peach Bowl and the Chick-fil-A Kickoff Game, reported the game between No. 1 ranked Alabama and No. 4 ranked Washington also provided $4.7 million in direct state and local tax revenue collected within metro Atlanta.

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    8. Accenture study: Atlanta No. 12 U.S. city for 2017 college graduates

      A new study by Accenture says Atlanta is the No. 12 U.S. city for where 2017's college graduates would prefer to start their career. The No. 1 ranked city was New York. Rounding out the top 10 are Chicago, southern California, Washington D.C., Seattle, Boston, San Francisco, Miami, Denver, and Houston and Austin tied at 10. Atlanta was No. 12, with Charlotte, N.C., No. 13; Raleigh-Durham, N.C., No. 14 and Minneapolis-St. Paul No. 15.

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    9. Federal Remote Seller Legislation-Here we go Again!

      It was just a matter of time before the U.S. Congress would take up the initiative of giving states the ability to compel remote sellers, with the force of state law, to collect sales tax on all sales that originate in one state but are delivered to another state unless such sales are exempt from tax in the destination state. The current House Bill is H.R. 2193 and is named ‘Remote Transactions Parity Act of 2017.

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    10. Economic Confidence Hits Record High for Mid-Market Companies

      Economic Confidence Hits Record High for Mid-Market Companies

      Confidence in the U.S. economy among middle market companies has reached a new high in early 2017, according to the Q1 2017 Middle Market Indicator (MMI) released today by the National Center for the Middle Market (NCMM). With nine in 10 middle market leaders indicating a positive perception of the country’s economy, this level of confidence represents the highest recorded in the MMI’s five-year history.

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    11. How Much Does the Skills Gap Cost Businesses? | CPA Practice Advisor

      How Much Does the Skills Gap Cost Businesses? | CPA Practice Advisor

      It's one of today's most vexing economic puzzles: Why can't employers find workers to fill their positions when approximately 7.5 million Americans are unemployed, and millions more are working part-time because they can't find full-time positions or have given up looking for work altogether? According to a new CareerBuilder survey, nearly 60 percent of U.S. employers have job openings that stay vacant for 12 weeks or longer.

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    12. AICPA sees dip in Americans’ financial satisfaction | Accounting Today

      Interest rate increases and inflation fears are causing a slight decline in the American Institute of CPAs’ Personal Financial Satisfaction Index in the first quarter of the year, despite positive news in the stock market and promises of tax reform. The AICPA’s Personal Financial Satisfaction Index saw a 1.6 point decline in Q1, while a related measure, the Personal Financial Pain Index, increased 3.2 points.

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    13. Gov. Deal signs two tax credit bills

      Gov. Nathan Deal signed two bills Tuesday expanding tax credits offered to Georgia's film and gaming industries and giving Atlanta's Woodruff Arts Center a tax break to help finance renovation of the Alliance Theatre. House Bill 199 will provide a 20 percent tax credit for post-production companies with at least a $250,000 payroll in Georgia. The companies must also spend at least $500,000 per tax year to qualify. While the state has offered generous tax credits to the film industry since 2008,…

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    14. Atlanta airport world's busiest for 19th straight year

      Atlanta's airport served almost 104.2 million passengers last year, making it the world's busiest for the 19th consecutive year, according to a leading industry group.

      That represented a 2.6 percent increase over 2015, when Hartsfield-Jackson Atlanta International Airport became the first to break the 100-million mark for passengers in a single year.

      "We’ll take a moment to recognize this milestone,” Airport General Manager Roosevelt Council Jr. said. “After that, we will move forward and…

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    15. Analysis: New tax breaks would cost Georgia $483M

      The Georgia Budget and Policy Institute has done the math on a series of tax breaks the General Assembly passed during the recent legislative session. Added together, 10 bills would reduce state tax revenues by $483 million over five years, according to an analysis the public policy research organization released Wednesday. The biggest impact by far would come from legislation lowering taxes on leased vehicles, which would cost the state almost $227 million in lost revenue. The bill also would…

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    16. What are Atlanta’s real estate hotspots of 2017?

      Cobb County residents may be concerned about rising property taxes but SunTrust Park is likely one of the main reasons home prices in Smyrna are rising.

      According to RE/MAX Georgia, Metro Atlanta’s real-estate market continues to make substantial gains, with home sales and prices showing no signs of slowing down. The company recently surveyed its brokers and analyzed data provided by the local Metro Atlanta First Multiple Listing Service to determine what cities will be most in demand in 2017.…

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    17. Four Georgia companies make Fortune ‘100 Best Companies to Work For’

      If you’re looking for a job in Georgia where the employees are happiest, you have four options.

      The 2017 Fortune “100 Best Companies to Work For” list includes three companies in Atlanta and one in Columbus, Ga. Check them out below and click on the company name to read Fortune’s review.

      No. 56 -- Children’s Healthcare of Atlanta No. 63 -- Delta Air Lines Inc.(NYSE: DAL) No. 65 -- Alston & Bird No. 91 -- Aflac Inc.(NYSE: AFL)

      Rankings are based on employee ratings of their workplace…

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    18. Place Properties/H. J. Russell to develop $51 million MARTA King Memorial Station project

      MARTA tapped Place Properties/H. J. Russell & Co. to develop the $51.3 million King Memorial Station Transit Oriented Development (TOD). The development will include about 400 apartments units (with 20 percent earmarked as affordable housing) and 10,000 square feet of retail space. The project breaks ground later in 2017. The multi-story modular project is the first of its kind in Atlanta to be co-located with a transit hub, MARTA says.

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    19. Georgia’s creative industries generate $62.5 billion economic impact

      Arts in Georgia can mean big business.

      In fact, the Peach State’s creative industries generated $62.5 billion in total economic impact in 2015, the Georgia Department of Economic Development’s Georgia Council for the Arts (GCA) reported Feb. 22.

      Additionally, the creative industries in Georgia represent a combined $37 billion in revenue and employ an estimated 200,000 Georgians statewide, making up 5 percent of employment in the state.

      Georgia Department of Economic Development Commissioner…

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