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$10 million in low interest student loans up for grabs

$10 million in low interest student loans up for grabs

ATLANTA -- State officials have re-opened the pool for $10 million in low interest student loans. 

Lawmakers had set aside $20 million to help families after an overhaul of the lottery-funded HOPE scholarship took effect this summer.

Only about 5,200 students applied for the loans during the initial application period, which ended in July.

The Georgia Student Finance Authority has now re-opened the application process for the remaining $10 million in available loans.

Students have until Oct. 31 to apply for the Student Access Loan Program. 

For applications and details, visit GAcollege411's website.

Georgia Lottery sales falling short

ATLANTA -- Turns out the budget for education expenses was richer than reality.

The Governor's Office says lottery revenues continue to fall short of expected revenue despite that fact that ticket sales are up in the first quarter of this year.

"We budgeted more revenue than we are now expecting to receive," said Governor Nathan Deal's spokesman, Brian Robinson. "We budgeted $903 million in the fiscal year 2012 budget. Fiscal year 2011 lottery deposits to education were $846 million."

11Alive started digging into lottery revenue because of cuts to the Pre-K program. $54 million was cut to make up for falling lottery tickets sales in fiscal year 2011, which ended in June. That caused an exodus of experienced educators from the program.

So how did we get here?

Things started going in the wrong direction in the fiscal year of 2011: Total revenue: $3,597,222,000, down $48,175,000 from the year before, or 1 percent.

Georgia per capita income hit $34,800 last year

Georgia per capita income hit $34,800 last year

ATLANTA -- Georgia ranks 21st among the states for per capita income growth over the past 35 years, according to data from the U.S. Bureau of Economic Analysis.

The Peach State's annual PCI growth rate was 5.61 percent from 1975 to 2010. PCI was $5,157 in 1975, compared with $34,800 in 2010.

In terms of total personal income (TPI), Georgia's growth rate was 7.59 percent. The TPI in 1975 was $26 billion, compared with $338 billion in 2010.

PCI is the average amount of money earned by a single person in a given year, while TPI is the sum earned by all people.

DeKalb Medical names new CEO

DeKalb Medical names new CEO

DECATUR, Ga. -- John Shelton has been appointed president and CEO of DeKalb Medical.

Shelton, the former COO, left DeKalb Medical last winter to accept a position at Mobile Infirmary, Alabama's largest not-for-profit hospital.

He was instrumental in DeKalb Medical's revitalization during the past several years, including the opening of DeKalb Medical at Hillandale and the addition of a patient tower for maternity and surgical services at the North Dectaur Road campus.

Shelton replaces Eric Norwood, who resigned as CEO in September.

DeKalb Medical includes three hospitals -- North Decatur, Downtown Decatur and Hillandale -- in addition to the DeKalb Medical Physicians Group.

Turner Interiors Unveils New Brand Identity, Continues Commitment to Excellence in Commercial Constr

Turner Interiors Unveils New Brand Identity, Continues Commitment to Excellence in Commercial Constr

Division Rebrands from “Turner Special Projects” to Better Communicate Services

 

Turner Construction in Atlanta announced today it is rebranding its Atlanta interiors and renovations division as “Turner Interiors” to better reflect the specialized skills the division brings to local companies.  Formerly known as “Turner Special Projects,” Turner Interiors provides interior construction and renovation for corporate and commercial clients. 

 

Turners Interior Division specializes in focusing on the flexibility, efficiency and sensitivity that clients require for their interiors projects.  Turner provides the experience and special requirements needed to deliver high quality tenant fit-outs in new and existing buildings.

Dunwoody Hallmark reopens

Dunwoody Hallmark reopens

DUNWOODY, Ga. -- Nancy's Hallmark Shop has returned to Dunwoody.

The Dunwoody Chamber of Commerce held a ribbon-cutting ceremony on Sept. 30. Nancy's was packed with customers who were eager to welcome the store back to town.

"Businesses such as Nancy's are an important cog in the wheel for Dunwoody," Mayor Pro-Tem Denny Shortal said.

Prakash Morjaria, owner of the shop, agreed.

"Come shop!" Morjaria said. "We appreciate everyone and the support they are showing us. I know Dunwoody is the right city for us and I look forward to meeting my customers and expanding."

Nancy's is located at 4494 Chamblee Dunwoody Road. For more information, visit www.hallmark.com.

5 Georgians make Forbes 400 richest list

ATLANTA -- The five wealthiest Georgians are on the latest Forbes 400 list of the richest Americans.

Anne Cox Chambers, 91, is No. 26 on the list, with a net worth of $12 billion. The daughter of James M. Cox, the media mogul who built Cox Enterprises Inc., was No. 19 in 2010 with a net worth of $12.5 billion.

Cox Chambers' nephew Jim Kennedy, 63, is No. 53 with a net worth of $6 billion. He was No. 38 last year with a net worth of $6.2 billion.

At No. 242, Bernie Marcus, 82, has a net worth of $1.8 billion. The philanthropist and Georgia Aquarium co-founder's wealth has increased since 2010. He was No. 269 last year with an estimated net worth of $1.5 billion.

Arthur Blank, 68, who co-founded The Home Depot Inc. with Marcus, is No. 331 with a net worth of $1.3 billion. The Atlanta Falcons owner was No. 332 last year with a net worth of $1.2 billion.