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Bank of America adds 35 small biz bankers in Atlanta

Bank of America adds 35 small biz bankers in Atlanta

ATLANTA -- Bank of America Corp. reported Wednesday it hit its target of hiring more that 1,000 small business bankers in 2012, including 35 in Metro Atlanta.

The Charlotte, N.C.-based bank said it extended $280.2 million in credit to Georgia small businesses and $8.7 billion nationally last year. The $8.7 billion was an increase of 28 percent over 2011.

It recently reported net income of $2.8 billion for 2012. It also saw its head count shrink by about 5,000 employees to 267,190 in the fourth quarter, evidence that BofA is still trimming staff levels as it works to lower its expenses. Branches also continued to close, with BofA reporting 5,478 banking centers across its U.S. franchise at the end of the year, down from 5,702 centers a year earlier. 

Bank of America is the third-largest bank in metro Atlanta with 145 local branches and $20.4 billion in area deposits for a market share of 17 percent. 

5 advantages of having a virtual accountant

5 advantages of having a virtual accountant

ATLANTA -- A metro Atlanta-based accounting firm is part of a growing business trend: providing outsourced financial services. Not just bookkeeping, QuickBooks services or tax planning— but the duties of an entire accounting department, including those of the chief financial officer— are now done virtually, in the clouds.

To stay ahead of industry trends Chris Smith, a Certified Public Accountant and former corporate controller who is owner of CB Smith & Associates, P.C., began offering remote accounting services in 2006. He knows firsthand how small to midsize businesses can reap financial advantages by outsourcing. Here are five:

·        Cost savings. Businesses can save money on the health insurance, payroll taxes, physical office space and other costs a full-time employee would incur.

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com, the digital platform for career women, hosted its 8th Annual Fall Empowerment Event on November 13. More than 300 professional women attended the luncheon event, at the Atlanta History Center, along with more than 550 unique viewers joining via live stream. Some viewers planned gatherings of 50 or more women and leveraged the event to enhance their own business and networking meetings in cities across the globe.

The executives on the panel candidly answered questions related to their career paths to the C-Suite. Glenda Umaña, anchor at CNN en Español, was the event’s moderator. Read LittlePINKBook.com’s “Top 10 Takeaways” for favorite thoughts shared by the three panelists:

·        Teri List-Stoll, SVP and Treasurer, Procter & Gamble

Small Business Administration offers drought aid

Small Business Administration offers drought aid

ATLANTA -- The U.S. Small Business Administration announced Monday that it will accept applications for loan assistance for Georgia enterprises in 12 counties affected by the drought.

The aid program targets farm-related and other entities not covered by aid from the Department of Agriculture.

The eligible counties are Banks, Barrow, Cherokee, Dawson, Forsyth, Fulton, Gwinnett, Habersham, Hall, Jackson, Lumpkin and White.

The loans are intended to cover fixed costs such as payroll and scheduled debt payments. They are capped at $2 million with terms up to 30 years. Interest rates are 3 percent for non-profits and 4 percent for small businesses. The SBA determines the amounts and specific terms.

More information for potential applicants is available by calling 800-659-2955 or going online to sba.gov.

The application deadline is Apr. 22, 2013.

Metro Atlanta's lake economy booming again

ACWORTH, Ga. -- The summer forecast for metro Atlanta's economy has one facet that is sparkling:

The massive lake economy is booming once again.

Allatoona and Lanier are back, after the past few years of literal and economic drought.

The lakes' levels are nearly back up to full pool again, just as boaters and tourists are returning to the lakes with money to spend.

Marinas are expecting good summer business, for a change.

"I think it's probably going to be higher than it's been in the last, I'd say, five years, for sure," said Tara Anderson, the accounts manager for Holiday Harbor Marina and Resort, at Allatoona Lake in the Bartow County part of the City of Acworth.

Anderson said Monday that Holiday Harbor's profits are already up 33 percent so far this year, compared with the same period last year.

Boat sales, alone, are up 144 percent. As soon as the business puts new boats on the lot, they're sold.

Dept. of Labor launches system to improve unemployment insurance

Dept. of Labor launches system to improve unemployment insurance

ATLANTA -- The Georgia Department of Labor recently rolled out a new electronic system designed to increase efficiency and reduce costs of operating the state's unemployment insurance program.

Georgia is one of 10 states to adopt the State Information Data Exchange (SIDES) E-response. It allows employers to respond promptly to the Department of Labor when a former worker files an unemployment claim, according to state Labor Commissioner Mark Butler.

"This new online capability is part of our continuing effort to make the Georgia Department of Labor more user-friendly and technologically up-to-date," Butler said in a statement. "This will significantly speed communications between the labor department and employers. At the same time, it will help prevent some overpayments to people who might not be eligible for benefits, saving us from having to go back and try to collect money from ineligible applicants."

Community Foods - $1.79/lb Chicken On Sale Now

Community Foods - $1.79/lb Chicken On Sale Now
Have you heard of Community Foods?

Last month I placed my first order through Community Foods.  It’s actually based in Cumming, GA but they offer deliveries throughout Metro Atlanta.  The overall concept is that they sell 3 products – Chicken (hormone free, no steroids, etc.), Ground Beef (all natural, no hormones, etc.) and Tilapia.  Now my ideal Tilapia would be wild-caught, this tilapia is farm-raised.  But it’s really “pretty” (ha!  that always sounds so funny to say about food).

Right, now chicken just became available for delivery.  Click here to learn more about Community Foods and their $1.79/lb chicken.