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Archive By Section - Business


Is it time to sell ... or is it time to buy?

We're in a recession, which could be severe. Several financial services companies have either collapsed or been bailed out by the government. And the stock market is down about 45 percent since hitting its peak in October 2007. Is this a "perfect storm" that should blow investors out of the market - or is it actually an opportunity for investors to jump back in?

December 23, 2008 | Frank Bevenour Guest Columnist | Business


SBA-backed loans still going strong

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.

December 23, 2008 | Staff Report | Business


Jobless rate in Savannah, Coastal Empire jumps again

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.

December 23, 2008 | Staff Report | Business


Bryant awarded CCIM designation

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.

December 18, 2008 | Staff Report | Business


State jobless mark hits 7 percent

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.

December 16, 2008 | Staff Report | Business


Chamber prepares for Holiday Business Tour

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.

December 16, 2008 | Staff Report | Business


Chamber sets Eggs and Issues Breakfast for Dec. 3

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.

December 16, 2008 | Staff Report | Business


Kulps winners at Belmont Glen

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.

December 16, 2008 | Staff Report | Business


Invest in businesses, not in Wall Street

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.

December 15, 2008 | Frank Bevenour Guest Columnist | Business


State initial jobless claims jump more than 50 percent

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.

December 15, 2008 | Staff Report | Business


Time running out on IRS moves

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.

December 15, 2008 | Staff Report | Business


SBA lauds Treasury move to bolster small business loans

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.

December 15, 2008 | Staff Report | Business


Dr. Abbott joins Redick Family and Cosmetic Dentistry

Dr. Andrew H. Abbott has joined Redick Family and Cosmetic Dentistry in the Silverwood Business Center.

December 12, 2008 | Staff Report | Business


Making arrangements for long-term care

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.

December 12, 2008 | Mark Czachowski Guest Columnist | Business


Record loans for small businesses

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.

December 09, 2008 | Staff Report | Business


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Articles by Section - Business


BI-LO to hold job fair

BI-LO is holding a job fair to accept applications and conduct interviews for various positions in the Pooler area.

July 29, 2014 | Staff report | Business


Chamber eager to launch membership drive

The Effingham Chamber of Commerce announced that it will hold a membership campaign for the first time in several years.

July 28, 2014 | Staff report | Business


Effingham, area jobless rates rise

ATLANTA - The Georgia Department of Labor announced Thursday that Metro Savannah's unemployment rate increased to 7.4 percent in June, up five-tenths of a percentage point from 6.9 percent in May. The rate was 8.3 percent in June a year ago.

July 28, 2014 | Staff report | Business


A banner year for Georgia Ports

The Georgia Ports Authority moved more than 29 million tons of cargo, 3 million 20-foot equivalent container units (TEUs) and more than 700,000 auto and machinery units in fiscal year 2014, the GPA reported Monday.

July 28, 2014 | Staff report | Business


Medient wins round in court against former CEO

The new chief executive officer of Medient Studios said the company got the ruling in its favor from a Nevada judge Wednesday afternoon it anticipated.

July 24, 2014 | By Patrick Donahue | Business


New Medient CEO says work is ongoing

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.

July 21, 2014 | By Patrick Donahue | Business


New Medient architect familiar with area, studios

Medient Studios is bringing aboard a firm that knows something about designing massive production complexes.

July 21, 2014 | By Patrick Donahue | Business


Harvey to step down from IDA

Rose Harvey is resigning from the Effingham Industrial Development Authority.

July 21, 2014 | Staff report | Business


State jobless rate rises to 7.4 percent for June

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.

July 17, 2014 | Staff report | Business


New Medient master plan expected soon

The revised master plan for a planned massive studioplex in Effingham County could be finished within two weeks, Industrial Development Authority members learned Thursday.

July 17, 2014 | By Patrick Donahue | Business


Chamber effort teaches businesses how to protect themselves

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.

July 14, 2014 | By Paul Floeckher | Business


State high court rejects class-action suit on G-P

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.

July 14, 2014 | By Patrick Donahue | Business


Former Medient CEO gets hearing date for injunction

A Nevada judge has granted a temporary restraining order to the former CEO and chairman of Medient Studios.

July 10, 2014 | By Patrick Donahue | Business


Effingham IDA sets budget for upcoming fiscal year

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.

June 30, 2014 | By Patrick Donahue | Business


Shareholder sues Medient

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."

June 30, 2014 | By Patrick Donahue | Business


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