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Archive By Section - Business


SEC halts Medient stock trading

The ousted CEO and chairman of the board has filed suit against the remaining Medient Studios board members, and the Securities and Exchange Commission has suspended trading in Medient's stock until July 9.

June 26, 2014 | By Patrick Donahue | Business


CNBC rates Georgia tops for business

Gov. Nathan Deal is celebrating the announcement by CNBC that named Georgia as the No. 1 place for business in the nation.

June 26, 2014 | Staff report | Business


Slight rise in unemployment for Coastal Georgia

ATLANTA - The Georgia Department of Labor announced Thursday that the unemployment rate in the Coastal Georgia region increased to 7.5 percent in May, up eight-tenths of a percentage point from 6.7 percent in April. The rate was 8.1 percent in May a year ago.

June 26, 2014 | Staff report | Business


IDA holds off on Medient supplemental agreement

A supplemental project agreement between the Effingham Industrial Development Authority and a film studio planning to build a massive production facility in Effingham is on hold, as the studio reorganizes its leadership.

June 23, 2014 | By Patrick Donahue | Business


Site selector gets option on part of Treutlen site

The Effingham Industrial Development Authority has entered into a purchase option with site selector for about 21 acres at the Governor Treutlen site.

June 23, 2014 | By Patrick Donahue | Business


Foster to retire as bank’s leader

FCB Financial Holdings, Inc., parent of First Chatham Bank, has announced the retirement of Brian Foster as president and CEO of both the holding company and bank.

June 23, 2014 | Staff report | Business


Walters named new GPA board chairman

The Georgia Ports Authority board of directors elected James A. Walters of Gainesville to serve as chairman.

June 23, 2014 | Staff report | Business


State jobless rate jumps to 7.2 percent

ATLANTA - The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate for May was 7.2 percent, up three-tenths of a percentage point from a revised 6.9 percent in April. The preliminary rate for April was 7.0 percent, but it was revised down one-tenth of a percentage point. The rate in May of last year was 8.4 percent.

June 19, 2014 | Staff report | Business


County renews hotel-motel tax pact with Chamber

The Effingham Chamber of Commerce's tourism efforts will get a continued boost, after the county commissioners approved extending the hotel-motel tax for another year.

June 16, 2014 | By Patrick Donahue | Business


New Medient CEO: Studio anxious to make movies

New Medient Studios chief executive officer Jake Shapiro said the company will get to the essence of its being - that of making movies.

June 16, 2014 | By Patrick Donahue | Business


WRRDA bill signing hailed as victory for harbor deepening

With President Obama's signing Tuesday of the Water Resources Reform and Development Act of 2014, the Savannah Harbor Expansion Project (SHEP) is authorized to begin construction.

June 13, 2014 | Staff report | Business


New direction for Medient

Work continued quietly Thursday afternoon at Medient Studios' office in Savannah. But behind the scenes, a day of upheaval and tumult had taken place.

June 12, 2014 | By Patrick Donahue | Business


HeritageBank of the South launches mobile check deposit

HeritageBank of the South has launched HBOS Mobile Check Deposit, a convenient new service allowing eligible customers to deposit checks directly into their HeritageBank of the South account using a smartphone or iPad.

June 12, 2014 | Staff report | Business


FSA county committee nominations set to begin

WASHINGTON - Agriculture Secretary Tom Vilsack announced that the nomination period for local Farm Service Agency county committees begins June 15.

June 09, 2014 | Staff report | Business


Report: Area economy growing fast

SAVANNAH - Armstrong Atlantic State University's latest Coastal Empire Economic Monitor reports the Savannah-area economy expanded rapidly during the first quarter of 2014 and should continue to experience strong growth throughout the year.

June 09, 2014 | Staff report | Business


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Page 3 of 83

Articles by Section - Business


State jobless rate dips to 7.9 percent

ATLANTA - The state Department of Labor announced that Georgia's seasonally adjusted unemployment rate for September was 7.9 percent, down two-tenths of a percentage point from 8.1 percent in August. The rate in September of last year was 8.0 percent.

October 21, 2014 | Staff report | Business


Hudson, well-traveled flag find a home at Moon River

The flag has been in Trenton Hudson's go bag all across the globe.

October 21, 2014 | By Patrick Donahue | Business


Studio, IDA close to finishing deal

The master plan, development schedule and supplemental agreement between Moon River Studios and the Effingham Industrial Development Authority could be approved as soon as Thursday evening.

October 21, 2014 | By Patrick Donahue | Business


Manufacturing company looking to hire employees

The Georgia Department of Labor will help Caesarstone, a new manufacturing company in Richmond Hill, recruit for a number of positions.

October 16, 2014 | Staff report | Business


Moon River announces new CFO

Moon River Studios, Inc., announced the appointment of Steven Bahlmann as its new chief financial officer, secretary and treasurer. As CFO, Bahlmann will be responsible for the financial management of the company, accounting, strategic planning and investor relationships.

October 16, 2014 | Staff report | Business


Studio shooting for early 2015 start

Construction on the initial soundstages for a massive studio project could happen as soon as January, Moon River Studios CEO Jake Shapiro said Thursday.

October 14, 2014 | By Patrick Donahue | Business


Gulfstream unveils two new business jets

Gulfstream Aerospace has introduced an all-new family of business jets: the Gulfstream G500 and G600. The two new aircraft optimize speed, wide-cabin comfort and efficiency to offer customers best-in-class performance with advanced safety features.

October 14, 2014 | Staff report | Business


Harbor deepening ready to commence

"Georgia and its congressional delegation have fought long and hard to see this project through to fruition - a project that is vitally important for economic development and job creation not only in the Southeast, but nationally as well," said Gov. Nathan Deal. "After years of regulatory purgatory, we finally cleared the last hurdle and hope to begin dredging in the Savannah River before the end of the year. This pivotal link in our logistics network will aid in the prompt delivery of valuable cargo to and from every corner of Georgia and, in turn, preserve and create jobs and encourage ...

October 09, 2014 | Staff report | Business


Triple J Farms honored as Georgia Centennial Farm

Eighteen farms, including Effingham County's Triple J Farms, were honored Friday at the Georgia Centennial Farm Awards.

October 07, 2014 | Staff report | Business


Studio ready to start hiring

A final master plan and supplemental agreement between the Effingham County Industrial Development Authority and a movie production company could be finished in the next few weeks.

September 30, 2014 | By Patrick Donahue | Business


Effingham unemployment rate up slightly for August

ATLANTA - The Georgia Department of Labor announced Thursday that the preliminary unemployment rate in Effingham County was 6.7 percent for August, up slightly from 6.6 percent in June.

September 30, 2014 | Staff report | Business


GPA: Ports creating wave of growth

In his annual state of the port address Thursday, Georgia Ports Authority Executive Director Curtis Foltz reported 1,900 new jobs and 2.7 million square feet of industrial expansion tied to a year of growth for Georgia's deepwater ports.

September 30, 2014 | Staff report | Business


Choate to build Medient's first phase

Medient Studios, Inc. has announced it has engaged Choate Construction Company as the construction manager for its studioplex project in Effingham County.

September 24, 2014 | Staff report | Business


State puzzled by jobless rate, even as job growth rises

ATLANTA - The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate for August was 8.1 percent, up four-tenths of a percentage point from a revised 7.7 percent in July. The rate in August of last year was 8.2 percent.

September 23, 2014 | Staff report | Business


State jobless rate rises to 8.1 percent for August

ATLANTA-The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate for August was 8.1 percent, up four-tenths of a percentage point from a revised 7.7 percent in July. The rate in August of last year was 8.2 percent.

September 18, 2014 | Staff report | Business


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