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Cobb development authority changes tax break policy to appease schools

Cobb development authority changes tax break policy to appease schools

COBB COUNTY, Ga. -- Cobb County’s development authority has changed the way it will award tax incentives to companies that build in Cobb in an effort to get along better with the county’s school board.

Changes include that the development authority will notify school officials when a developer applies for tax incentives and plans to build in either the Marietta or Cobb school districts, and that each developer applying for tax incentives must pay for a cost benefit analysis to show the authority how many jobs are expected, as well as the development’s economic return, reports the Marietta Daily Journal.

The decision comes about five months after the development authority agreed to pay $17,000 in legal fees to the Cobb Board of Education’s law firm after the board challenged a tax break the authority granted a development in 2013, the MDJ adds.

Cobb Chamber mentoring program accepting applications

Cobb Chamber mentoring program accepting applications

COBB COUNTY, Ga. -- The Cobb County Chamber of Commerce is now accepting applications for its Next Generation Mentoring Program.

The program is designed to build relationships between current and future business leaders in the county. Mentors will provide professionals in their 20's and 30's with the skills they need to grow their careers and achieve their business goals.

Applications must be submitted no later than Tuesday, Sept. 2.

More information, including an application link and a list of participating mentors, can be found at cobbchamber.org.

WellStar cuts 29 corporate jobs

WellStar cuts 29 corporate jobs

MARIETTA, Ga. -- WellStar Health System cut nearly 30 corporate jobs Wednesday.

The Marietta-based health system did not offer any reason for the cuts, but a spokesman for WellStar said 11 team member roles were eliminated.

Another 18 team members' positions were displaced, which means that the company will try to find another open position for them to fill.

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Attorney Wayne Morrison made President, Cobb County Bar Family Law

Attorney Wayne Morrison made President, Cobb County Bar Family Law

COBB COUNTY, Ga. -- Wayne A. Morrison, founding partner at Hedgepeth, Heredia, Crumrine & Morrison in Atlanta, has been named President of the Cobb County Bar Association Family Law Section. Organized to promote excellence and professionalism among Family Law practitioners in Cobb County, the section also fosters collegiality between judges and attorneys, which extends to courtrooms and mediation sessions.

Morrison practices in all areas of family law, including divorce and separation, and is an experienced Guardian ad Litem, advising courts on matters concerning the interests of children. His honors, recognitions and community service include:

* President, The Cobb County Bar Association Family Law Section
* Atlanta magazine “Super Lawyer”
* Member, Executive Committee, Charles Longstreet Weltner Family Law Inn of Court
* Member, Family Law Sections of the State Bar of Georgia
* Member, The Atlanta Bar
* Member, The Cobb County Bar Association

SANY signs deal with Central Atlanta Tractor

SANY signs deal with Central Atlanta Tractor

PEACHTREE CITY, Ga. -- SANY America continues to grow in north and central Georgia.

The Peachtree City-based equipment manufacturer recently signed a dealership agreement with Central Atlanta Tractor Sales in Austell. Central Atlanta Tractor will now sell SANY's hydraulic excavators.

"SANY America looks forward to working with Central Atlanta Tractor in meeting the equipment and service needs of contractors and other customers throughout central and northern Georgia," SANY vice president Eric Teague said in a release.

Central Atlanta Tractor provides new and used equipment sales and field support throughout the Southeast, according to a company release.

RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.

Bill would unplug Georgia's $5K electric vehicle tax credit

ATLANTA -- Georgia ranked fourth in the U.S. in electric vehicle registrations last year - an impressive showing for a state notched squarely in the middle of the country's "truck belt."

Now, a bill introduced by state representative and former Alpharetta Mayor Chuck Martin (R-Alpharetta), threatens to suck the air out of electric vehicle adoption in the Peach State.

The bill would eliminate an up to $5,000 tax credit available to buyers of new zero-emission vehicles, no later than April 1. The tax credit - among the richest in the country - coupled with a $7,500 federal tax credit, has fueled electric vehicle adoption in the state. 

Electric vehicle advocates argue eliminating the tax will slam the brakes on sales of electric vehicles, which they say reduce emissions and dependence of foreign oil.