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    <title>Fayette County Development Authority : News Releases</title>
    <link>http://www.fayettega.org/rss/news-releases</link>
    <pubDate>Wed, 22 May 2013 04:00:00 GMT</pubDate>
    <description>Fayette County Development Authority</description>
    <item>
      <title>Calpis America Breaks Ground on $20M Manufacturing and HQ Facility</title>
      <link>http://www.fayettega.org/news/details/108?title=Calpis-America-Breaks-Ground-on-20M-Manufacturing-and-HQ-Facility</link>
      <description>&lt;p&gt;Calpis America, Inc., in partnership with the Georgia Department of Economic Development and the Fayette County Development Authority, celebrated its announced location to Georgia with a groundbreaking ceremony on Friday, May 17, 2013 at the site of its new home in Peachtree City, Georgia. The project is anticipated to create 42 new jobs in its first year of operations. The manufacturing and US headquarters facility represents a $20 million investment into the community on an approximately 12 acre site.  InSpec Group (Atlanta, Portland, and Tokyo) will be performing engineering, procurement and construction services on this project.&lt;/p&gt;
&lt;p&gt;Calpis will produce its direct-fed microbial product, CALSPORIN&#174;, which is used widely in the livestock industry to supply a naturally occurring microorganism as a component of feedstock. The facility is projected to have construction completed during the first quarter of 2014. Operations are anticipated to begin in April 2014, and Georgia Quick Start, the nation&#8217;s top-ranked customized workforce training program, will assist the company with its training needs.&lt;/p&gt;
&lt;p&gt;&#8220;U. S. consumers have for many years given us business opportunities and ideas to improve our products,&#8221; said Masato Yoshida, the president of Calpis America, Inc. &#8220;Not only is the U.S. the world&#8217;s biggest supplier of meat products, it also has a great potential to further develop the industry both in volume and quality. Locating this plant in Georgia will enable us to better serve the industry and to utilize the abundant workforce. Peachtree City, with its close proximity to interstates and Atlanta&#8217;s Hartsfield-Jackson International Airport, provides us good access to our users as well as transportation convenience both domestically and internationally.&#8221;&lt;/p&gt;
&lt;p&gt;The Georgia Department of Economic Development partnered with the Fayette County Development Authority to manage this project. Scott McMurray, director of the Georgia Department of Economic Development&#8217;s Logistics, Energy, Agriculture and Food Processing industry team, assisted Calpis on behalf of the state. Yumiko Nakazono, director of Georgia&#8217;s Japan office, coordinated the introduction of the company to the state during the &lt;span class="caps"&gt;SEUS&lt;/span&gt;-Japan conference in July 2012&lt;/p&gt;
&lt;p&gt;&amp;#8220;We&amp;#8217;re very pleased that yet another Japanese company has broken ground for a manufacturing facility in Georgia,&amp;#8221; said Chris Cummiskey, Commissioner of the Georgia Department of Economic Development. &amp;#8220;International investment is critical to the state&amp;#8217;s economy, so we have worked hard to create a business environment that makes the state a strategic and easily accessible location for global companies.&amp;#8221;&lt;br /&gt;
Local Elected official quote.&lt;/p&gt;
&lt;p&gt;Fayette County Development Authority President/&lt;span class="caps"&gt;CEO&lt;/span&gt; Matt Forshee managed the project locally with support from Existing Industry Manger Emily Poole, by providing site selection services, fast-track permit facilitation services and industrial revenue bond financing.&lt;/p&gt;
&lt;p&gt;&#8220;Today, we are honored to welcome our newest international corporate citizen, Calpis America, to Peachtree City and Fayette County,&#8221; said Matt Forshee, President/&lt;span class="caps"&gt;CEO&lt;/span&gt; of the Fayette County Development Authority. &#8220;Whether they be Asian, European or from the Americas, because of our location and amenities, our community continues to be the location internationally based companies choose to call home when they locate to Atlanta and the southeast.&#8221;&lt;/p&gt;
&lt;p&gt;For photos of the event, please see the photo gallery on our &lt;a href="https://www.facebook.com/media/set/?set=a.10151610947871355.1073741825.15956236354&amp;amp;type=1&amp;amp;l=8af33e331b"&gt;facebook page&lt;/a&gt;&lt;/p&gt;
&lt;h3&gt;About Calpis Co., Ltd.&lt;/h3&gt;
&lt;p&gt;Calpis originated as a manufacturer of cultured milk drink named &#8220;CALPIS&#174; ,&#8221; under founder Kaiun Mishima, following development of the drink in 1919. The company has since expanded overseas, especially into Asia, with its beverage lineup as well as other dairy products. Using its expertise in fermentation processes, the company now makes dietary supplements and animal feed additives. Calpis Co., Ltd., headquartered in Tokyo, has existing U.S. facilities in Torrance, CA, primarily for its beverage business, and Mount Prospect, IL, for its feed business, which will be relocating to Peachtree City, Ga as part of this project. Calpis Co., Ltd. had approximately $1.3 billion in net sales in 2011.&lt;/p&gt;
&lt;h3&gt;About the Fayette County Development Authority&lt;/h3&gt;
&lt;p&gt;The Fayette County Development Authority (&lt;span class="caps"&gt;FCDA&lt;/span&gt;) is the lead economic development entity in Fayette County, Georgia, serving the unincorporated county as well as the cities of Fayetteville, Peachtree City and Tyrone. The organization is tasked with growing the local economy by both recruiting new investment in office, manufacturing, aviation and film through new business locations and by working with existing industries on expansion and growth opportunities. In addition to Calpis America, recent announcements include the $47M expansion of the Netherlands based &lt;span class="caps"&gt;IPN&lt;/span&gt; USA&#8217;s manufacturing facility in Peachtree City, the $60M expansion of the German based Avista/UES&#8217;s oil re-refinery in Peachtree City and the $107M location of the London, UK based Pinewood Studios&#8217; Pinewood Atlanta film studio in Fayetteville, GA.&lt;/p&gt;</description>
      <pubDate>Fri, 17 May 2013 04:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/108?title=Calpis-America-Breaks-Ground-on-20M-Manufacturing-and-HQ-Facility</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
    </item>
    <item>
      <title>UK's Pinewood Studios announces new studio in Fayette County</title>
      <link>http://www.fayettega.org/news/details/107?title=UKs-Pinewood-Studios-announces-new-studio-in-Fayette-County</link>
      <description>&lt;p&gt;Pinewood Studios Group, in partnership with the Fayette County Development Authority, announced the location of a full service film and entertainment studio complex, initially comprised of five sound stages on 288 acres in Fayetteville, Georgia &lt;span class="caps"&gt;USA&lt;/span&gt;, just south of Atlanta, to be named Pinewood Atlanta. The project is fully funded and will become a world-class studio for the production of film, television, music and video games.&lt;/p&gt;
&lt;p&gt;Ivan Dunleavy, Pinewood &lt;span class="caps"&gt;CEO&lt;/span&gt;, said: &#8220;Today&#8217;s agreement is another step forward for the Pinewood brand internationally. This new studio will target US productions. Georgia has excellent fiscal and tax credit incentives as well as a great crew base. With River&#8217;s Rock we have a well resourced partner that is committed to building a first class studio facility.&#8221;&lt;/p&gt;
&lt;p&gt;Matt Forshee, Fayette County Development Authority President &amp;amp; &lt;span class="caps"&gt;CEO&lt;/span&gt; said: &#8220;Fayette County is set to become the center of film production in Georgia and Pinewood Atlanta will be &lt;span class="caps"&gt;THE&lt;/span&gt; premier location for blockbuster film productions in the southeast. We are glad they chose Fayette County as their new home and look forward to working with them over the coming year as they recruit additional suppliers and film productions.&#8221;&lt;/p&gt;
&lt;p&gt;Phase I of the purpose built studio project will initially feature five stages totaling 100,000 square feet with another 100,000 square feet in production offices and 200,000 square feet in workshops and service provider space. Additional growth phases will include a film crew training component that will produce a qualified workforce to fill the hundreds of new jobs that will be created at the studio. Details on the academic component of the project are still in development.&lt;/p&gt;
&lt;p&gt;Phases II and &lt;span class="caps"&gt;III&lt;/span&gt; for the Pinewood Atlanta film and entertainment complex consist of an additional 600,000 square feet of stages, over 70 acres of additional managed back lot space, additional office and warehouse space for production companies and service providers, as well as the educational component encompassing up to 74 acres.&lt;/p&gt;
&lt;p&gt;The Honorable Nathan Deal, Governor of the State stated, &#8220;Pinewood Atlanta&#8217;s location will contribute significantly to Georgia&#8217;s growing reputation as a top draw for movie and television productions. We welcome the business this world-renowned company will bring to the state and the jobs it will create for our crew base and supporting companies.&#8221;&lt;/p&gt;
&lt;p&gt;An independent economic study based on Georgia Tech&#8217;s &lt;span class="caps"&gt;LOCI&lt;/span&gt; economic impact model indicates as many as 3,400 direct jobs will be created at Pinewood Atlanta. Depending on finalization of future plans, the Phase II and &lt;span class="caps"&gt;III&lt;/span&gt; annual economic impact is forecast to be as much as $378m per year.&lt;/p&gt;
&lt;p&gt;Steve Brown, Chairman, Fayette County GA Board of Commissioners shared, &#8220;We are delighted to have film powerhouse Pinewood Studios in Fayette County. Their 80-year reputation of film and television excellence and our outstanding quality of life are a superb match.&#8221;&lt;/p&gt;
&lt;p&gt;Greg Clifton, Mayor, City of Fayetteville said, &amp;quot;The word is out! Fayetteville is ecstatic to be the home of Pinewood Atlanta and we look forward to showing the rest of the world what Pinewood already knows: the new center of film in metro Atlanta is Fayetteville, Georgia.&lt;/p&gt;
&lt;p&gt;Pinewood Atlanta will allow producers access to attractive fiscal incentives from the State of Georgia, within a conveniently located, secure hub in the &lt;span class="caps"&gt;USA&lt;/span&gt; for productions to base themselves. Construction is expected to commence immediately, with the first production scheduled to occupy the initial five stages in January 2014.&lt;/p&gt;
&lt;p&gt;&lt;img src="http://www.washingtonpost.com/rf/image_606w/2010-2019/Wires/Online/2013-04-29/AP/Images/James%20Bond%20Studio.JPEG-0de3f.jpg" alt="" /&gt;&lt;/p&gt;
&lt;p&gt;For more information on Pinewood, visit www.pinewoodgroup.com.&lt;/p&gt;
&lt;p&gt;For more information on Fayette County and its economic development activities, visit www.fayettega.org.&lt;/p&gt;
&lt;p&gt;###&lt;/p&gt;
&lt;p&gt;About Fayette County Development Authority&lt;br /&gt;
The Fayette County Development Authority globally markets Fayette County as the premier location in metro Atlanta and the State of Georgia for business. Focusing on helping businesses by encouraging investment and trade into the county, the organization works with local and regional partners to bring advanced manufacturing, medical, film, and corporate headquarters to the community. Home to internationally known companies, Fayette County hosts a wide range of businesses from industry giants, to international companies and homegrown start-ups.&lt;/p&gt;
&lt;p&gt;Media Contacts:&lt;br /&gt;
Len Gough&lt;br /&gt;
ProMaker Development Group &lt;br /&gt;
404-216-2566 &lt;br /&gt;
len@promakerdevelopmentgroup.com&lt;/p&gt;
&lt;p&gt;Andrew Smith&lt;br /&gt;
Pinewood Shepperton plc&lt;br /&gt;
011 44 7768 105197&lt;br /&gt;
andrew.smith@pinewoodgroup.com&lt;/p&gt;</description>
      <pubDate>Mon, 29 Apr 2013 04:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/107?title=UKs-Pinewood-Studios-announces-new-studio-in-Fayette-County</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
    </item>
    <item>
      <title>Film Studio Update</title>
      <link>http://www.fayettega.org/news/details/106?title=Film-Studio-Update</link>
      <description>&lt;p&gt;We have been receiving many inquiries regarding the proposed Pinewood Studios Atlanta film studio project here in Fayette County.&lt;/p&gt;
&lt;p&gt;Contractors &amp;#8211; Work on the site development should be starting soon. If you are interested in bidding on design/construction work, please send an email to &lt;a href="mailto:mforshee@fayettega.org"&gt;mforshee@fayettega.org&lt;/a&gt; with your company info and contact info and we will forward it to the development group. Write &amp;#8220;Contractor&amp;#8221; in the subject line.&lt;/p&gt;
&lt;p&gt;Vendors &amp;#8211; Do you have a company that supplies the film industry? Interested in locating your business on the studio lot? The project plans to have space for vendors on the studio lot. Please send an email to &lt;a href="mailto:mforshee@fayettega.org"&gt;mforshee@fayettega.org&lt;/a&gt; with your company info and contact info and we will forward it to the development group. Write &amp;#8220;Vendor&amp;#8221; in the subject line.&lt;/p&gt;
&lt;p&gt;Jobs &amp;#8211; Interested in working at the studio? Hiring information for any potential jobs is currently unknown. Once known, hiring information will be posted on this website.&lt;/p&gt;</description>
      <pubDate>Thu, 18 Apr 2013 04:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/106?title=Film-Studio-Update</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
    </item>
    <item>
      <title>Rep. Ramsey Introduces Job Tax Credit Bill to Spur Economic Development for Local Georgia Businesses</title>
      <link>http://www.fayettega.org/news/details/105?title=Rep-Ramsey-Introduces-Job-Tax-Credit-Bill-to-Spur-Economic-Development-for-Local-Georgia-Businesses</link>
      <description>&lt;p&gt;During this legislative session, Representative Matt Ramsey (R-Peachtree City) introduced House Bill 186, Income Tax Credit for Businesses that create jobs.  H.B. 186 is an economic development job tax credit bill that will increase job tax credits available to new and existing businesses when they hire additional workers.   Additionally, it will lower the threshold on the number of jobs created in order to qualify for the Quality Jobs Tax Credit.&lt;/p&gt;
&lt;p&gt;&#8220;The bill will make Georgia more competitive with other states as a location for new jobs and investment,&#8221; said Representative Ramsey.  &#8220;It encourages the location of jobs to counties like Fayette, who currently compete not with rural or urban Georgia, but with similar suburban corporate areas outside of places like Charlotte and Nashville.&#8221;&lt;/p&gt;
&lt;p&gt;&#8220;Under the current law, companies in Fayette would have to create 25 jobs a year in order to qualify for the program. Most of the companies in Fayette are too small to manage this kind of growth. Lowering the threshold will encourage more job creation by making the program more accessible. &amp;#8220;Additionally, the change to the Quality Jobs Tax credit encourages the creation of jobs paying above 120 percent of the county average wage, thereby raising the overall incomes in Fayette County,&amp;#8221; said Matt Forshee, President/&lt;span class="caps"&gt;CEO&lt;/span&gt; of the Fayette County Development Authority.&lt;/p&gt;
&lt;p&gt;This bill is tied to new job creation, either from new companies or existing companies.  As Georgia works to offer one of the best economic incentive packages available in the Country, this bill only strengthens that toolbox.  This legislation was carried by the Governor&#8217;s Floor Leaders last session and had wide support from the House, Senate and Georgia Economic Development Office but ultimately did not pass because of budget constraints.   &lt;br /&gt;
Ramsey would like to pick up the torch and continue the legislation forward.&lt;/p&gt;
&lt;p&gt;Specifically the bill would:&lt;/p&gt;
&lt;ul&gt;
	&lt;li&gt;Increase the business tax credit from $750 per job to $2000 per job created&lt;/li&gt;
	&lt;li&gt;Lower the job creation threshold from 25 jobs to 10 jobs for Tier IV Counties (such as Fayette)&lt;/li&gt;
	&lt;li&gt;Create a $250 bonus credit for existing company expansion&lt;/li&gt;
	&lt;li&gt;Lower the job creation threshold for the Quality Job Tax Credit from 50 to 15 jobs&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;The bill will be moved into Ways &amp;amp; Means, which Rep. Ramsey sits on, and will have committee hearings in the upcoming weeks.&lt;/p&gt;</description>
      <pubDate>Thu, 14 Feb 2013 05:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/105?title=Rep-Ramsey-Introduces-Job-Tax-Credit-Bill-to-Spur-Economic-Development-for-Local-Georgia-Businesses</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
    </item>
    <item>
      <title>"Celtic Woman" and economic development</title>
      <link>http://www.fayettega.org/news/details/104?title=Celtic-Woman-and-economic-development</link>
      <description>&lt;p&gt;Well known for their music concerts on &lt;span class="caps"&gt;PBS&lt;/span&gt; and in mega-venues around the world, the singing group Celtic Woman has dazzled audiences with their mixture of pop and traditional Irish music. Lisa Kelly was one of those Celtic Women for seven years.&lt;/p&gt;
&lt;p&gt;Now, I know what you&amp;#8217;re thinking &amp;#8212; what does this have to do with Fayette County, Peachtree City or economic development? A lot. Two years ago, Kelly and her husband, Australian dancer Scott Porter, decided to leave Manhattan. They were looking for a place to raise their sons. They found Peachtree City, telling local paper &lt;i&gt; Today in Peachtree City &lt;/i&gt; that &amp;#8220;Peachtree City just kept coming up as one of the best places.&amp;#8221;&lt;/p&gt;
&lt;p&gt;And now they are setting down roots even further with the planned opening in February of the Lisa Kelly Voice Academy in Peachtree City. Again, the paper reported, &amp;#8220;[Lisa Kelly] said the idea of a voice academy came to her after her husband was offered a job in another part of the country and they just didn&amp;#8217;t want to move.&amp;#8221;&lt;/p&gt;
&lt;p&gt;So how does this relate to economic development? Here is a couple that between them, have literally lived around the world, from Ireland and Australia to New York and they&amp;#8217;ve both toured to innumerable cities. They could have lived anywhere, yet they searched and chose to locate to Peachtree City and Fayette County. The high quality of life, the excellent education system, the access to culture and community are all aspects that drew them here.&lt;/p&gt;
&lt;p&gt;If this amazing and artistic couple can move here and locate a business here, why can&amp;#8217;t you?&lt;/p&gt;
&lt;p&gt;For more information on the Lisa Kelly Voice Academy, visit their website at: &lt;a href="http://www.thelisakellyvoiceacademy.com/"&gt;www.TheLisaKellyVoiceAcademy.com&lt;/a&gt;&lt;/p&gt;</description>
      <pubDate>Mon, 11 Feb 2013 05:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/104?title=Celtic-Woman-and-economic-development</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
    </item>
    <item>
      <title>Japanese Manufacturer to Open Biotech Facility in Peachtree City</title>
      <link>http://www.fayettega.org/news/details/103?title=Japanese-Manufacturer-to-Open-Biotech-Facility-in-Peachtree-City</link>
      <description>&lt;p&gt;Gov. Nathan Deal today announced that Calpis America Inc. has selected Peachtree City for its U.S. headquarters and first manufacturing operation. The company will invest $20 million and create 42 jobs in its first year of operations.&lt;/p&gt;
&lt;p&gt;&#8220;As the No. 1 poultry-producing state in the nation, Georgia is the ideal place for Calpis to expand in the United States,&#8221; said Deal. &#8220;International firms such as Calpis find success here not only because Georgia is one of the top markets for its products, but because the state is a hub for fast, efficient outreach to other markets in North and South America. The company&#8217;s strategic decision to locate here moves us closer to becoming the best place in the nation in which to do business.&#8221;&lt;/p&gt;
&lt;p&gt;Calpis will construct a facility in Peachtree City Industrial Park to produce its direct-fed microbial product, CALSPORIN&#174; animal feed ingredients, which is used widely in the livestock industry to supply a naturally occurring microorganism. Operations are anticipated to begin in April 2014, and Georgia Quick Start, the nation&#8217;s top-ranked customized workforce training program, will assist the company with its training needs.&lt;/p&gt;
&lt;p&gt;Calpis&#8217; long-standing livestock microbial product was developed through extensive research and launched in 1987 in Japan. The microbial product takes advantage of the bacterial species Bacillus subtilis to produce the fermentation product CALSPORIN&#174; containing a naturally occurring microorganism which, according to research, may help build a preferable intestinal environment.&lt;/p&gt;
&lt;p&gt;&#8220;U.S. consumers have for many years given us business opportunities and ideas to improve our products,&#8221; said president of Calpis America Inc. Masato Yoshida. &#8220;Not only is the U.S. the world&#8217;s biggest supplier of meat products, it also has a great potential to further develop the industry both in volume and quality. Locating this plant in Georgia will enable us to better serve the industry and to utilize the abundant workforce. Peachtree City provides us good access to our users as well as transportation convenience both domestically and internationally.&#8221;&lt;/p&gt;
&lt;p&gt;The Georgia Department of Economic Development partnered with the Fayette County Development Authority to manage this project. Scott McMurray, director of the Georgia Department of Economic Development&#8217;s Logistics, Energy, Agriculture and Food Processing industry team, assisted Calpis on behalf of the state. Yumiko Nakazono, director of Georgia&#8217;s Japan office, coordinated the introduction of the company to the state during the &lt;span class="caps"&gt;SEUS&lt;/span&gt;-Japan conference in July 2012.&lt;/p&gt;
&lt;p&gt;&amp;#8220;We are excited to welcome another Japanese company to Fayette County,&amp;#8221; said Fayette County Development Authority Chair Randy Hayes. &amp;#8220;Matt Forshee and his team do a great job promoting Peachtree City as the location in metro Atlanta for internationally based companies to begin their U.S. operations. Our proximity to Hartsfield-Jackson Atlanta International Airport and our unique quality of life are going to help Calpis get off to a great start here in Georgia.&amp;#8221;&lt;/p&gt;
&lt;p&gt;&#8220;Calpis&#8217; choice to invest in Georgia is a perfect example of the reason Georgia established an office in Japan 40 years ago,&#8221; said Georgia Department of Economic Development Commissioner Chris Cummiskey. &#8220;The company joins more than 370 Japanese businesses throughout the state employing 20,000-plus Georgians. It is our partnerships both at home and abroad that make this sort of success possible.&#8221;&lt;/p&gt;
&lt;p&gt;About Calpis Co., Ltd.&lt;br /&gt;
Calpis originated as a manufacturer of cultured milk drink named &#8220;CALPIS&#174;,&#8221; under founder Kaiun Mishima, following development of the drink in 1919. The company has since expanded overseas, especially into Asia, with its beverages lineup as well as other dairy products. Using its expertise in fermentation processes, the company now makes dietary supplements and animal feed additives. Calpis Co., Ltd., headquartered in Tokyo, has existing U.S. facilities in Los Angeles, primarily for its beverage business, and Mount Prospect, Ill., for its feed business. Calpis Co., Ltd. had approximately $1.3 billion in net sales in 2011.&lt;/p&gt;</description>
      <pubDate>Fri, 08 Feb 2013 05:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/103?title=Japanese-Manufacturer-to-Open-Biotech-Facility-in-Peachtree-City</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
    </item>
    <item>
      <title>Investment Group To Develop Major Film Production Center in Fayette</title>
      <link>http://www.fayettega.org/news/details/102?title=Investment-Group-To-Develop-Major-Film-Production-Center-in-Fayette</link>
      <description>&lt;p&gt;Rivers Rock, &lt;span class="caps"&gt;LLC&lt;/span&gt;, representing a group of Atlanta-area investors, announced today that it has filed development documents with the Fayette County Board of Commissioners to build what would be the largest film production complex in metro Atlanta on a 288-acre site in north-central Fayette County, Ga. The investment group also announced that it is in discussions with London-based Pinewood Studios Group to manage and operate the studio complex.&lt;/p&gt;
&lt;p&gt;Located fifteen minutes south of Hartsfield-Jackson International Airport and twenty-five minutes south of downtown Atlanta, the proposed development site would initially include the construction of five purpose-built state-of-the-art sound stages. These sound stages would be designed to utilize the latest technology available in film production. Additionally, the developers will construct a series of administrative buildings and production offices as well as support buildings for set and effects development and space for film equipment vendors. Space will also be provided for backlot development for television and film location operations. The initial investment is expected to be $20 million.&lt;/p&gt;
&lt;p&gt;Construction is expected to begin this spring, pending permit approvals, and the initial phase is expected to be operational during the first quarter of 2014. The facility would be expanded in future phases as demand for sound stages and film production space increases, though no plans have been finalized yet on those expansions. Future development plans do include the establishment of a professional film production school in partnership with the studio to help grow Georgia&#8217;s film workforce. Discussions are currently ongoing with multiple higher education institutions to locate on the site.&lt;/p&gt;
&lt;p&gt;At this time, the developers of the project are asking that they not be contacted. Any requests for information or inquiries of project participation as a consultant, vendor, contractor or employee should be emailed to Matt Forshee, &lt;span class="caps"&gt;FCDA&lt;/span&gt; President/&lt;span class="caps"&gt;CEO&lt;/span&gt; at &lt;a href="mailto:mforshee@fayettega.org"&gt;mforshee@fayettega.org&lt;/a&gt;.&lt;/p&gt;
&lt;p&gt;Recent media coverage of this announcement include:&lt;/p&gt;
&lt;p&gt;The Citizen &amp;#8211; &lt;a href="http://www.thecitizen.com/articles/02-06-2013/the-british-are-coming"&gt;http://www.thecitizen.com/articles/02-06-2013/the-british-are-coming&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;Fayette Daily News &amp;#8211; &lt;a href="http://www.fayettedailynews.com/article.php?id_news=10590"&gt;http://www.fayettedailynews.com/article.php?id_news=10590&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;Atlanta Journal-Constitution &amp;#8211; &lt;a href="http://www.ajc.com/news/business/proposed-film-studio-complex-in-fayette-would-beco/nWHhX/"&gt;http://www.ajc.com/news/business/proposed-film-studio-complex-in-fayette-would-beco/nWHhX/&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;Atlanta Business Chronicle &amp;#8211; &lt;a href="http://www.bizjournals.com/atlanta/blog/atlantech/2013/02/lights-camera-action-280-acre-film.html"&gt;http://www.bizjournals.com/atlanta/blog/atlantech/2013/02/lights-camera-action-280-acre-film.html&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;&lt;span class="caps"&gt;WSB&lt;/span&gt; Channel 2 &lt;span class="caps"&gt;ABC&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;object id="flashObj" width="615" height="392" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,47,0"&gt;&lt;param name="movie" value="http://c.brightcove.com/services/viewer/federated_f9?isVid=1" /&gt;&lt;param name="bgcolor" value="#FFFFFF" /&gt;&lt;param name="flashVars" value="videoId=2149624654001&amp;linkBaseURL=http%3A%2F%2Fwww.wsbtv.com%2Fvideos%2Fnews%2Fmovie-studio-coming-to-fayette-county%2Fvp8gj%2F&amp;playerID=836827756001&amp;playerKey=AQ~~,AAAAFIvhljk~,Nz7UFI321EYSAUsYGYx5WAk9m9XiXaY8&amp;domain=embed&amp;dynamicStreaming=true" /&gt;&lt;param name="base" value="http://admin.brightcove.com" /&gt;&lt;param name="seamlesstabbing" value="false" /&gt;&lt;param name="allowFullScreen" value="true" /&gt;&lt;param name="swLiveConnect" value="true" /&gt;&lt;param name="allowScriptAccess" value="always" /&gt;&lt;embed src="http://c.brightcove.com/services/viewer/federated_f9?isVid=1" bgcolor="#FFFFFF" flashVars="videoId=2149624654001&amp;linkBaseURL=http%3A%2F%2Fwww.wsbtv.com%2Fvideos%2Fnews%2Fmovie-studio-coming-to-fayette-county%2Fvp8gj%2F&amp;playerID=836827756001&amp;playerKey=AQ~~,AAAAFIvhljk~,Nz7UFI321EYSAUsYGYx5WAk9m9XiXaY8&amp;domain=embed&amp;dynamicStreaming=true" base="http://admin.brightcove.com" name="flashObj" width="480" height="270" seamlesstabbing="false" type="application/x-shockwave-flash" allowFullScreen="true" swLiveConnect="true" allowScriptAccess="always" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"&gt;&lt;/embed&gt;&lt;/object&gt;&lt;/p&gt;
&lt;p&gt;&lt;span class="caps"&gt;WAGA&lt;/span&gt; Channel 5 Fox&lt;/p&gt;
&lt;script type='text/javascript' src='http://WAGA.images.worldnow.com/interface/js/WNVideo.js?rnd=155793;hostDomain=www.myfoxatlanta.com;playerWidth=480;playerHeight=270;isShowIcon=true;clipId=8342814;flvUri=;partnerclipid=;adTag=News;advertisingZone=;enableAds=true;landingPage=;islandingPageoverride=false;playerType=STANDARD_EMBEDDEDscript;controlsType=overlay'&gt;&lt;/script&gt;&lt;p&gt;&lt;a href="http://www.myfoxatlanta.com" title="Atlanta News, Weather, Traffic, and Sports | FOX 5 "&gt;Atlanta News, Weather, Traffic, and Sports | &lt;span class="caps"&gt;FOX&lt;/span&gt; 5 &lt;/a&gt;&lt;/p&gt;
&lt;p&gt;&lt;span class="caps"&gt;WXIA&lt;/span&gt; Channel 11 &lt;span class="caps"&gt;NBC&lt;/span&gt;&lt;/p&gt;
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&lt;p&gt;&lt;span class="caps"&gt;WGCL&lt;/span&gt; Channel 46 &lt;span class="caps"&gt;CBS&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;a href="http://www.cbsatlanta.com/video?clipId=8338076&amp;amp;autostart=true"&gt;http://www.cbsatlanta.com/video?clipId=8338076&amp;amp;autostart=true&lt;/a&gt;&lt;/p&gt;</description>
      <pubDate>Wed, 06 Feb 2013 05:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/102?title=Investment-Group-To-Develop-Major-Film-Production-Center-in-Fayette</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
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    <item>
      <title>FCDA President Matt Forshee Wins International &#8220;40 Under 40&#8221; Award in Economic Development</title>
      <link>http://www.fayettega.org/news/details/100?title=FCDA-President-Matt-Forshee-Wins-International-40-Under-40-Award-in-Economic-Development</link>
      <description>&lt;p&gt;Matt Forshee, President/&lt;span class="caps"&gt;CEO&lt;/span&gt; of the Fayette County Development Authority (&lt;span class="caps"&gt;FCDA&lt;/span&gt;) has been selected as a winner in the economic development profession&#8217;s &#8220;40 Under 40&#8221; awards, the first-ever awards program recognizing young talent in the economic development profession.&lt;/p&gt;
&lt;p&gt;A five-member selection committee chose the winners from a pool of more than 150 US and international candidates based on their exceptional contributions to the economic development industry. The award&#8217;s program was managed by Development Counsellors International (&lt;span class="caps"&gt;DCI&lt;/span&gt;), a New York-based firm that specializes in economic development marketing.&lt;/p&gt;
&lt;p&gt;&#8220;We are proud that the rest of the world knows what we&#8217;ve known for many years about Matt,&#8221; said Randy Hayes, Chairman of the &lt;span class="caps"&gt;FCDA&lt;/span&gt; Board. &#8220;He&#8217;s a bright, forward thinking individual who we are glad to have running our county&#8217;s economic development efforts.&#8221;&lt;/p&gt;
&lt;p&gt;Matt initially came to Fayette County in 2006 from Oconee County, where he had led that county&#8217;s Planning and Economic Development departments. Over the years he worked in Fayette to recruit companies like Sany America and assisted existing companies like &lt;span class="caps"&gt;NCR&lt;/span&gt; with major expansions.&lt;/p&gt;
&lt;p&gt;He left Fayette in 2010 to help rejuvenate the marketing efforts of the Athens Economic Development Foundation in Athens, Ga. Those marketing efforts ultimately helped lead to Athens landing a new manufacturing plant for Caterpillar.&lt;/p&gt;
&lt;p&gt;In 2012, Matt returned to his position at the &lt;span class="caps"&gt;FCDA&lt;/span&gt; and has been working the past year helping to establish a joint economic development program with Peachtree City, focused on existing businesses, as well as working with existing expanding companies like &lt;span class="caps"&gt;IPN&lt;/span&gt; &lt;span class="caps"&gt;USA&lt;/span&gt; and Universal Environmental Services.&lt;/p&gt;
&lt;p&gt;&#8220;I&#8217;m very honored to have been chosen in this inaugural class of award winners,&#8221; said Forshee. &#8220;There are a lot of great young minds out there in economic development, bettering their communities and I am thankful to have even been considered with these exemplary people.&#8221;&lt;/p&gt;
&lt;p&gt;DCI&#8217;s &#8220;40 Under 40&#8221; award was designed to discover the economic development profession&#8217;s rising stars.&lt;/p&gt;
&lt;p&gt;&#8220;The people chosen by the selection committee represent a bright future for the economic development world,&#8221; said Andy Levine, president of &lt;span class="caps"&gt;DCI&lt;/span&gt;. &#8220;They are a new breed of results-driven, place makers.  We&#8217;re very pleased to see Matt among the winners.&#8221;&lt;/p&gt;
&lt;p&gt;&lt;span class="caps"&gt;DCI&lt;/span&gt; officially announced the winners last night at an awards reception during the International Economic Development Council Leadership Summit in Orlando and will feature an in-depth profile of each on its website during 2013.&lt;/p&gt;
&lt;p&gt;For more information on DCI&#8217;s &#8220;40 Under 40&#8221; winners, visit &lt;a href="http://www.aboutdci.com/40under40"&gt;www.aboutdci.com/40under40&lt;/a&gt;.&lt;/p&gt;</description>
      <pubDate>Mon, 28 Jan 2013 05:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/100?title=FCDA-President-Matt-Forshee-Wins-International-40-Under-40-Award-in-Economic-Development</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
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      <title>January 2013 Fayette County Economic Indicator Report</title>
      <link>http://www.fayettega.org/news/details/99?title=January-2013-Fayette-County-Economic-Indicator-Report</link>
      <description>&lt;h2&gt;Leading Economic Index Rises as Initial Unemployment Claims Continue to Fall; Current Index Rises on 6.3% Sales Tax Growth and Continued Employment Increases&lt;/h2&gt;
&lt;p&gt;Sponsored by:&lt;br /&gt;
&lt;a href="http://www.utility.org"&gt;&lt;img src="http://www.utility.org/App_Themes/main/images/layout/logo.jpg" alt="" /&gt;&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;The Fayette County Index of Leading Economic Indicators rose in January 2013 to 95.74, its highest level since it hit 96.60 in January 2008, a 58-month high. This marks 18 consecutive months of positive year over year growth for this index. The index, which is designed to forecast the county&#8217;s economic performance 6 to 9 months in advance, was 3.2 percent above where it was January 2012, 1.7 percent above where it was three months ago in October 2012 and 0.2 percent over where it was last month in December 2012.&lt;/p&gt;
&lt;p&gt;The index has been above the 12-month moving average for seventeen consecutive months. For the last two months, the difference between the index and the 12-month moving average has been 1.8 points, the largest positive separation this index has seen. The historic separation average is -0.03 points, the separation average during this 17-month growth period is 1.02 points and the average separation over the last twelve months is 1.22 points. Traditionally, if the index is consistently above this average it means that the economy is likely to enter (or continue) a period of economic expansion. Clearly, the index suggests that the Fayette economy is not only on a sustainable path to economic recovery, but that it is continuing to expand (Figure 1).&lt;/p&gt;
&lt;p&gt;&lt;img src="http://fayettega.org/picture/image/112/Figure_01.png" style="width: 560px;" alt="" /&gt;&lt;/p&gt;
&lt;p&gt;Initial Unemployment Claims continue to fall. When adjusted for seasonality, the November 2012 claims are at 213, 32.2 percent below where they were one year ago and the lowest since adjusted claims were at 205 in June 2008.  This number marks seven consecutive months where the seasonally adjusted initial claims are below 300. Six consecutive months is considered the benchmark for prediction of a trend. This number is also well below the 12-month moving average of 273.6, which also continues to fall. The claims have posted five consecutive months below the 12-month moving average, a potential sign of sustainable economic recovery (Figure 2). Unlike other aspects of the indices, being below is good when it comes to unemployment.&lt;/p&gt;
&lt;p&gt;&lt;img src="http://fayettega.org/picture/image/113/Figure_02.png" style="width: 560px;" alt="" /&gt;&lt;/p&gt;
&lt;p&gt;Another strong leading indicator has been the number of single-family building permits issued in Fayette County. In November, Fayette County saw 20 actual permits issued. Once adjusted for seasonality, this is 15.4% below the previous month, but a 351.8 percent increase over one year ago. Though still a small number, and certainly not yet a trend, seasonally adjusted building permits have been above the nominal 12-month moving average for seven consecutive months (Figure 3).&lt;/p&gt;
&lt;p&gt;&lt;img src="http://fayettega.org/picture/image/114/Figure_03.png" style="width: 560px;" alt="" /&gt;&lt;/p&gt;
&lt;h3&gt;Current Economic Indicators&lt;/h3&gt;
&lt;p&gt;The Fayette County Index of Current Economic Indicators rose 0.3 percent in January to 98.9. The index, which is designed to track the current state of the Fayette County economy, was above the 12-month moving average for the fifteenth consecutive month. This is significant because if the index is consistently above this average, then the economy is experiencing a period of growth (Figure 4). The index was also 2.8 percent above where it was a year ago, entering the 34th month of consecutive positive year-to-year growth.&lt;/p&gt;
&lt;p&gt;&lt;img src="http://fayettega.org/picture/image/115/Figure_04.png" style="width: 560px;" alt="" /&gt;&lt;/p&gt;
&lt;p&gt;Local Option Sales Taxes (&lt;span class="caps"&gt;LOST&lt;/span&gt;) moved back above the 12-month moving average for the first time in four months. Actual collections from November were at $1,618,608. Once adjusted for seasonality and inflation, this number was 6.3 percent above the previous month and 0.2 percent above the previous year, still trending very close to the average (Figure 5). Though these numbers were reported in December, they represent November expenditures. With the holiday season still fully yet to be presented, it is hoped that these numbers will continue to grow to close out the year.&lt;/p&gt;
&lt;p&gt;&lt;img src="http://fayettega.org/picture/image/116/Figure_05.png" style="width: 560px;" alt="" /&gt;&lt;/p&gt;
&lt;p&gt;Seasonally adjusted household employment ticked downward just slightly over the previous month, declining by 0.1%. Still, year-over-year employment is up 2.7% to a seasonally adjusted 50,067. Actual employment was at 50,124, the highest it has been since it hit 50,502 in July 2008. (Figure 6).&lt;/p&gt;
&lt;p&gt;&lt;img src="http://fayettega.org/picture/image/117/Figure_06.png" style="width: 560px;" alt="" /&gt;&lt;/p&gt;
&lt;p&gt;Finally, additional growth in the index comes from continued growth in hotel/motel stays in Fayette County. Seasonally adjusted room nights for November were at 16,435, 19.1 percent above the previous month and 1.7% above the previous year and just slightly under the 12 month moving average of 16,547 (Figure 7). The trend will most likely decline over the next few months, as winter is not a peak season for room nights in Fayette County. Peak season usually runs from spring through early fall, following the bridal and conference seasons.&lt;/p&gt;
&lt;p&gt;&lt;img src="http://fayettega.org/picture/image/118/Figure_07.png" style="width: 560px;" alt="" /&gt;&lt;/p&gt;
&lt;p&gt;This report has been produced by the Fayette County Development Authority (&lt;span class="caps"&gt;FCDA&lt;/span&gt;), based on a spreadsheet developed by the Georgia Tech Enterprise Innovation Institute (&lt;span class="caps"&gt;GTEII&lt;/span&gt;), and with a sponsorship from Coweta Fayette &lt;span class="caps"&gt;EMC&lt;/span&gt; (&lt;span class="caps"&gt;CFEMC&lt;/span&gt;).&lt;/p&gt;
&lt;p&gt;For more information on this report, please see the attached overview document.  For a hard copy of this report, please download the attached press release.&lt;/p&gt;</description>
      <pubDate>Mon, 14 Jan 2013 05:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/99?title=January-2013-Fayette-County-Economic-Indicator-Report</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
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      <title>Peachtree City Named 2013 Best Place to Raise Kids by Bloomburg Businessweek</title>
      <link>http://www.fayettega.org/news/details/98?title=Peachtree-City-Named-2013-Best-Place-to-Raise-Kids-by-Bloomburg-Businessweek</link>
      <description>&lt;p&gt;In a December 18 online article, Bloomburg&amp;#8217;s Businessweek Magazine listed the &amp;#8220;Best Places to Raise Kids 2013&amp;#8221; listing the top community in each state in the US for raising a child. They identified Fayette County&amp;#8217;s Peachtree City as the best place in Georgia to raise kids, focusing on the city&amp;#8217;s network of golf cart paths and outdoor activities in addition to great schools, low unemployment, high median household income and low average commute time.&lt;/p&gt;
&lt;p&gt;The magazine evaluated more than 3,200 places nationwide with populations from 5,000 to 50,000, looking at metrics such as public school performance, safety, housing costs, commute time, poverty, adults&#8217; educational attainment, share of households with children, and diversity. To gauge the local job market, they also weighed median income and unemployment. The data comes from GreatSchools.org, the &lt;span class="caps"&gt;FBI&lt;/span&gt;, the U.S. Census Bureau, and the U.S. Bureau of Labor Statistics.&lt;/p&gt;
&lt;p&gt;To see the full details and the list of cities in other states, go to: &lt;a href="http://images.businessweek.com/slideshows/2012-12-17/the-best-places-to-raise-kids-2013#slide11"&gt;businessweek.com&lt;/a&gt;&lt;/p&gt;</description>
      <pubDate>Thu, 20 Dec 2012 05:00:00 GMT</pubDate>
      <guid>http://www.fayettega.org/news/details/98?title=Peachtree-City-Named-2013-Best-Place-to-Raise-Kids-by-Bloomburg-Businessweek</guid>
      <author>info@fayettega.org (Fayette County Development Authority)</author>
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