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Greensboro hospital to be sold

Greensboro hospital to be sold

ATHENS, Ga. -- St. Mary's Health Care System in Athens says it has signed an agreement to buy Saint Joseph's at East Georgia in Greensboro from St. Joseph's Health System.

St. Mary's announced Monday that under the terms of the agreement, St. Mary's will assume ownership of the Greensboro hospital Jan. 1.

St. Mary's also said its intention is to acquire the hospital in April. It has been providing interim management for the Greene County facility since May.

The current building, formerly known as the Minnie G. Boswell Hospital, is more than 60 years old. As part of the agreement, St. May's has committed to building a state-of-the-art replacement hospital.

Oconee County enjoys lowest unemployment in state

With much of the state experiencing double-digit unemployment, a small county sixty miles north of Atlanta has become an economic oasis of sorts with fewer people out of work than aynwhere else in Georgia.

The unemployment rate in Oconee County is 6.7%.

County Chairman Melvin Davis says Oconee has historically been a "bedroom community" benefitting from its proximity to the University of Georgia and several local hospitals.

Davis says the county has been fortunate to be spared the worst fallout from the economic downturn. 

Davis says the county's construction industry was one of the hardest hit areas. He also cautions that even though unemployment is low, there are not jobs in abundance.

Chairman Davis says the overwhelming majority of businesses in the county are small, mom-and-pop operations that only employ a handful of people.

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Fernbank BOO-seum Trick-or-Treat

Saturday, October 29 from 10 a.m. – 2 p.m. Get ready to have a screaming (in delight) good time! For one day only, Fernbank Museum is becoming Fernbank BOO-seum. Little Beat Music, Inc. will provide family-friendly tunes and face painting will inspire those who didn’t quite finish their costumes. Plus, enjoy a frightening-ly fun Halloween party featuring games, crafts, hands-on activities and special treats for kids in costumes.* (*Treats available while supplies last.)

ATHENS: Terrapin Beer Co. to sell minority stake to Miller Coors

ATHENS, Ga. -- Athens microbrewery Terrapin Beer Co. has agreed to sell a minority interest to Miller Coors' craft brewing division Tenth & Blake Beer Co., reports the Athens Banner-Herald.

Terrapin has signed a letter of intent to give Tenth & Blake less than 25 percent ownership in the Athens company, said Terrapin Beer Co. President John Cochran, who founded the brewery with partner Brian "Spike" Buckowski.

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The minority ownership will be given in exchange for reducing a Tenth & Blake loan that was made in December 2010 to buy out a group of Terrapin investors, Cochran said, the newspaper reported.

$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.