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Reprieve From Harshest Wrath of Recession

The local economy has gotten a reprieve from the harshest wrath of the recession. One of the county’s largest employers – the Smurfit Stone Container Corp. mill in Fernandina Beach – has reportedly regained solid financial footing after a sudden slide. The Amelia Island Plantation Company has also sought out the protection of Chapter 11 bankruptcy, attempting to reduce debt and restructure. It is widely expected that the resort company will also be successful in its restructuring efforts.