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Cheerwine moves to Atlanta

Cheerwine moves to Atlanta

ATLANTA – The cherry flavored Southern delicacy, Cheerwine, will be moving into Atlanta. The legendary soft drink is partnering with Pepsi Beverages Company (PBC) to expand their distribution in Florida, Atlanta and Memphis.

The 94-year-old North Carolina company is still owned and operated by the family of the founder and it is continuing to build on plan to become available nationwide by its centennial anniversary.

Cliff Ritchie, CEO and great-grandson of founder L.D. Peeler thinks “When you boil it down there just isn’t anything like Cheerwine in the soft drink world, so we feel it’s an ideal time to expand, and we’re fortunate to be doing it with a world class partner. We’re in the business of putting smiles on peoples’ lips and we’re very happy to be able to extend our distribution to do just that.”

Student bank to open at B.E.S.T. Academy

Student bank to open at B.E.S.T. Academy


ATLANTA – As of Wednesday, the students at B.E.S.T Academy have a place to store all of their loose change. The middle and high school for all males, will host the grand opening of their, very own, Regions Student Bank and Financial Literacy Program.

The bank will be student-run and will be overseen by Regions Bank. BEST Academy students will be able to open and manage checking and savings accounts while learning lessons of financial literacy.

B.E.S.T Academy is located at 1890 Donald Lee Hollowell Parkway in Atlanta. 

$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.

Nobel Prize winner to headline USG conference

Nobel Prize winner to headline USG conference

ATLANTA -- Nobel Prize winner Dr. Muhammad Yunus will be the keynote speaker at an economic development conference hosted by the University System of Georgia.

The Social Business and Microcredit conference will be held Oct. 17 at Georgia Tech's Ferst Center.

Yunus won the 1996 Nobel Peace Prize for his pioneering work in microcredit, which is the extension of very small loans to those in poverty, with the goal of spurring entrepreneurship.

Ga. Tech, Gwinnett Tech grant to help jobless

Ga. Tech, Gwinnett Tech grant to help jobless

ATLANTA -- Georgia Tech and Gwinnett Technical College have won a $1.65 million grant to help enhance the state's health information technology field.

The grant will help create new jobs in the field and provide training for workers already employed in health information technology. The money will create a lab at Georgia Tech to test and evaluate cutting-edge software for health care providers.

It will also create a one-year certificate program housed at Gwinnett Technical College. The program will target veterans and unemployed or underemployed workers looking to work in software development, sales, customer service, medical billing or other jobs in the field.

The certificate program aims to graduate more than 400 trainees each year.