While small business lending is down in Georgia, a recent spot check of lenders who make SBA guaranteed loans showed they are doing deals for start ups and expansions and perhaps climbing back from a recent 28 percent drop in total loan volume.
ATLANTA - The Georgia Department of Labor reported that the unemployment rate in metro Savannah rose to a preliminary unadjusted rate of 6 percent in October, up 2.2 percentage points over the year from last October. The unemployment rate rose to 7 percent in October, the highest rate in more than 16 years. The jobless rate was up 2.5 percentage points from 4.5 percent at this same time last year. The October unemployment rate was up six-tenths of one percentage point from a revised 6.4 percent in September.
Adam S. Bryant, advisor for Sperry Van Ness Commercial Real Estate in Savannah, was awarded the Certified Commercial Investment Member (CCIM) designation in October by the CCIM Institute, one of the leading commercial real estate associations in the world.
ATLANTA - The Georgia Department of Labor (GDOL) reported that the state's seasonally adjusted unemployment rate rose to 7.0 percent in October, the highest rate in more than 16 years. The jobless rate was up 2.5 percentage points from 4.5 percent at this same time last year. The October unemployment rate was up six-tenths of one percentage point from a revised 6.4 percent in September.
Concerned about lower consumer spending this holiday season, Effingham County retailers are trying to lure holiday shoppers with huge discounts of up to 75 percent and buy one, get one free specials Dec. 5, as part of the Effingham County Chamber of Commerce Holiday Business Tour.
The Effingham County Chamber of Commerce will hold its annual Eggs and Issues Breakfast on Dec. 3. The event will be held in the Social Hall of Springfield United Methodist Church, 210 Cleveland St., Springfield at 7:30 a.m.
Luke and Linda Kulp were presented with a check for $500 from Konter Quality Homes and SunTrust Mortgage, according to Steve Petro, sales and marketing director of Konter Quality Homes. The Kulps entered the drawing at the Saddle Club booth at the October Effingham County Fair.
If you're an investor, you might be shaking your head in dismay after looking at your recent brokerage statements. In fact, you might even be thinking about giving up on Wall Street altogether. But before you do, consider the following story.
ATLANTA - The Georgia Department of Labor announced that 74,480 laid-off workers filed first-time claims for unemployment insurance benefits in November, an increase of 54.7 percent from November of 2007.
ATLANTA - The tax filing season is just around the corner. "Taxpayers can take the first step now by planning and reviewing tax law changes featured on the IRS Web site, www.irs.gov", according to IRS spokesman Mark Green.
WASHINGTON, D.C. - A plan by the Treasury Department and the Federal Reserve to improve market conditions for asset-backed securities - including those composed of SBA-backed small business loans - should be welcome news to credit-hungry small businesses across the country, said U.S. Small Business Administration Acting Administrator Sandy K. Baruah.
Dr. Andrew H. Abbott has joined Redick Family and Cosmetic Dentistry in the Silverwood Business Center.
Long-term care refers to the many services beyond medical care and nursing care used by people who have disabilities or chronic (long-lasting) illnesses. Long-term care insurance helps you pay for these services, which can be very expensive. A policy also ensures that you can make your own choices about what long-term care services you receive and where you receive them.
WASHINGTON - Small businesses won a record $83.2 billion in federal prime contracts in FY07, an increase of almost $6 billion from 2006, according to the U.S. Small Business Administration's annual small business procurement scorecard recently released. In addition, each socio-economic group increased its share of federal contracting dollars by at least $1 billion.
ATLANTA - The Georgia Department of Labor announced that 72,627 laid-off workers filed first-time claims for unemployment insurance benefits in October, an increase of 75 percent from October 2007.
Work on what is expected to be the largest movie studio complex in the U.S. is continuing, and a revised master plan for the project is expected soon, the studio's CEO said Thursday.
Medient Studios is bringing aboard a firm that knows something about designing massive production complexes.
Rose Harvey is resigning from the Effingham Industrial Development Authority.
ATLANTA - The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate for June was 7.4 percent, up two-tenths of a percentage point from 7.2 percent in May. The rate in June of last year was 8.4 percent.
The revised master plan for a planned massive studioplex in Effingham County could be finished within two weeks, Industrial Development Authority members learned Thursday.
Many consumers recall being affected by, or at least hearing about, thieves hacking into credit and debit card data of millions of Target customers this past holiday season.
State Supreme Court justices ruled Friday that a group of homeowners are not entitled to bring a class-action lawsuit against Georgia-Pacific's Savannah River Mill.
A Nevada judge has granted a temporary restraining order to the former CEO and chairman of Medient Studios.
The Effingham Industrial Development Authority has approved a $6.49 million budget for its coming fiscal year, making no significant changes to its draft budget.
A Medient shareholder has filed suit against its current board of directors and its ousted CEO and board chairman, claiming the company has breached its fiduciary duty and the defendants are guilty of "gross mismanagement."
Effingham Health System hosted physicians, health care organization representatives and health information technology experts June 25 during a Rural Physician Bus Tour, an event designed to provide information and technical assistance on the Meaningful Use Attestation process.
Effingham Health System Chief Executive Officer Norma Jean Morgan recently was re-elected to the Georgia Health Care Association board of directors at the summer board meeting.
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.
Gov. Nathan Deal is celebrating the announcement by CNBC that named Georgia as the No. 1 place for business in the nation.
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.