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State unemployment pushes past 10 percent

ATLANTA-State Labor Commissioner Mark Butler said Thursday that Georgia's seasonally adjusted unemployment rate rose to 10.2 percent in December, up two-tenths of a percentage point from a revised 10 percent in November.

January 23, 2011 | Staff Report | Business

Consider establishing a business retirement plan

If you're self-employed or you own a business, you've got a lot to think about: attracting new customers, maintaining cash flow, upgrading equipment and facilities - the list goes on and on. Yet, as busy as you are today, you can't forget about tomorrow - which means you need to have a solid retirement plan in place.

January 23, 2011 | By Frank Bevenour | Business

Open for business

Effingham Chamber of Commerce representatives help Linda Purnell cut the ribbon on the Old Church Market Restaurant.
The restaurant, located in a former church, is at 120 N. Columbia Ave. in Rincon. Purnell said it had been a dream of her husband to have a restaurant, and when they saw this building available, she said, "it was so beautiful, we just had to open here."
The Old Church Market Restaurant specializes in Southern style, self service, country buffet cooking.
Restaurant hours are: Sundays from 11 a.m.-3 p.m.; Monday-Friday, 11 a.m.-8:30 p.m.; and closed ...

January 10, 2011 | Staff Report | Business

Changes atop Citizens Bank

Longtime banker Harry H. Shearouse has been elected interim president and CEO of Citizens Bank of Effingham. The Springfield native, who has been chairman of the board at Citizens since 2003, helped organize the bank in 1997 and served as president/CEO for four years.
Shearouse will succeed Michael Lee, who has accepted a position as senior vice president with Ameris Bank based in Moultrie. Both appointments are effective Jan. 10.
"I am certainly familiar with the bank and our community so this should be a smooth transition," said Shearouse, who has more than 42 years of banking experience. "These ...

January 06, 2011 | Staff Report | Business

Coastal Bank introduces text message banking

SAVANNAH-The Coastal Bank, headquartered in Savannah, recently launched new state-of-the-art mobile banking and Text Message Banking (TMB). The Coastal Bank is the first locally-owned financial institution to offer mobile banking and Text Message Banking to customers.
With the addition of these secure mobile banking tools, The Coastal Bank's business and consumer banking customers can have an expanded range of options for "on the go" banking. Customers have the ability to perform money management tasks quickly and securely through their Web-enabled smart phones or any WiFi connection.
The Coastal Bank has joined forces with Intuit Financial Services to provide ...

January 03, 2011 | Staff Report | Business

Heritage Bank reaches agreement with FDIC

James M. Floyd Jr., president and chief executive officer of The Heritage Bank, announced Thursday that the bank has successfully completed discussions with the Federal Deposit Insurance Corporation and has entered into a consent agreement with the regulatory agency.
The Heritage Bank is headquartered in Hinesville and has a branch in Rincon.
The agreement, mostly reflecting initiatives already implemented by the board of directors and bank management, is based on items identified in a periodic regulatory exam recently completed. According to Floyd, the agreement contains a number of stipulations including the reduction of the concentration of commercial real estate as ...

December 30, 2010 | Staff Report | Business

Metro Savannah jobless rate rises to 8.9 percent

ATLANTA-The Georgia Department of Labor reported that the preliminary unadjusted unemployment rate in the metro Savannah area increased to 8.9 percent in November, up six-tenths of a percentage point from 8.3 percent in October. Meanwhile, the number of unemployed workers in the area increased to 15,616, up 1,195 from 14,421. The jobless rate in the metro Savannah area in November 2009 was 8.1 percent.
Preliminary figures for November show Effingham County's unemployment rate jumped to 8.2 percent from 7.6 percent in October. Effingham's unemployment rate for November 2009 was ...

December 23, 2010 | Staff Report | Business

Two complete economic development education

The Board of the Georgia Academy for Economic Development announces Effingham County graduates from the 2010 Multi-Day Training Program in Region 12. Class participants represented a number of professional and non-professional economic development fields, including elected officials, public servants, business leaders, educators, and social service providers from the ten counties of Coastal Georgia.
The curriculum provides insights into the complexities of economic and community development on the local, regional, and state levels.
Effingham County graduates at the Dec. 1 ceremony were George Shaw, Effingham County Planning and Engineering Department, and Bobby Tippins, Georgia Power.
Created in 1993 by then-Gov. Zell ...

December 23, 2010 | Staff Report | Business

EFACEC delivers transformer

ATLANTA-The delivery of a 115 MVA/115 kV high capacity core-type transformer to a New Mexico wind farm this month is a signal of the new energy economy for several reasons:
It is the first American-built transformer from EFACEC USA's new plant at the Effingham Industrial Park - the only plant of its kind in North America.
It is the product of a revival of a U.S. industrial endeavor, which has created hundreds of high-tech, skilled manufacturing jobs for American workers.
For the complete story, see Tuesday's edition of the Effingham Herald.

December 20, 2010 | Staff Report | Business

State employment law to be reviewed in seminar

Georgia employment law topics will be the theme of Georgia Southern University's "LAW 108: Georgia Employment Law" seminar in Savannah just after the holidays.
Taught by an employment law attorney, the 90-minute, Jan. 11 seminar will review at-will and contract employment, negligent supervision/retention of employees, defamation in the context of employment references, and workplace privacy.
The Tuesday evening program runs 6-7:30 p.m. at the Coastal Georgia Center. The seminar provides 1.5 recertification credit hours for PHR, SPHR and GPHR-certified human resource professionals.
Registration closes at noon, Jan. 7. Register for the $59 seminar by calling ...

December 20, 2010 | Staff Report | Business

Ports notch another month of double-digit growth

Georgia Ports Authority's (GPA) Executive Director Curtis J. Foltz announced Monday the GPA experienced growth in November 2010, which is consistent with the double-digit growth rates that have been experienced since December 2009
"The Port of Savannah experienced moderate gains in November, following FY2011's very strong peak season," Foltz said. "We remain cautiously optimistic about future volumes through the ports and continue to prepare for larger vessels, currently calling on the U.S. East Coast."
The Port of Savannah's Garden City Terminal handled 124,348 containers or 222,281 TEUs (20-foot equivalent units), representing increases of 12 ...

December 20, 2010 | Staff Report | Business

Ports call on Atlanta business leaders

The Georgia Ports Authority, in partnership with the Georgia World Congress Center, the Supply Chain Leadership Council of the Metro Atlanta Chamber, the Regional Business Coalition, the Georgia Department of Economic Development, the Georgia Chamber of Commerce, and GeorgiaForward hosted a panel discussion regarding the impact of the Savannah Harbor Expansion Project (SHEP).
The event brought more than 350 members of metro Atlanta's business, economic development and logistics industries.
"Georgia's business leaders agree that it is imperative for us to make every effort to keep pace with the growing demands of global commerce," said GPA Executive Director Curtis ...

December 02, 2010 | Staff Report | Business

PSC to hold final round of rate hike request

The Georgia Public Service Commission will hold the third and final round of hearings on Wednesday at 9 a.m. on the Georgia Power Company rate increase request. The hearings will continue on Thursday if needed and Friday if needed.
All hearings will begin at 9 a.m. except the Dec. 2 session which, if needed, will begin at 1:30 p.m. All meetings will take place in Room 110 at 244 Washington Street, S.W., Atlanta.
On Wednesday, the PSC first will receive public comments on the Georgia Power proposal. Immediately following public comments, the commission will conduct ...

November 29, 2010 | Staff Report | Business

SBDC to host business startup workshop

A workshop entitled "Starting a Business" will be held Dec. 16. It is a three hour class that begins at 6 p.m.
If you are thinking of starting a small business, then taking this workshop is a crucial first step. The workshop will cover the basics of what you need to know and do before starting a business. The session will also cover the traits of successful entrepreneurs, market research, legal structures for business, estimating start-up costs and cash flow projections, financing alternatives, failure factors, and business planning. Attending this workshop may be one of the most important decisions ...

November 29, 2010 | Staff Report | Business

Coastal Bank to hold Operation Phone Home community appreciation event

The Coastal Bank's Johnson Square office will host a community appreciation event for USO Operation Phone Home today from 11 a.m.-1 pm.
The Coastal Bank is currently conducting a campaign to raise money for USO Operation Phone Home, which provides pre-paid phone cards to deployed military personnel to call loved ones while away from their families this holiday season. Make a donation and receive free Chick-Fil-A sandwich or a Chick-Fil-A coupon. Anyone who donates $50 or more will be entered into a drawing for four chances to win Chick-fil-A for a year.
The Coastal Bank's Johnson ...

November 29, 2010 | Staff Report | Business

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Articles by Section - Business

New office for Energy One Credit Union

The Effingham Chamber of Commerce had a ribbon cutting July 20 for Energy One Credit Union, which has moved its office from inside the Effingham ...

August 03, 2016 | Staff report | Business

Effingham jobless rate jumps to 5.2 percent

Unemployment in Effingham County rose to 5.2 percent in June, according to preliminary figures from the state Department of Labor.

August 03, 2016 | Staff report | Business

Diversification is important for retirees

During your working years, your primary investment goal is generally growth - you need your money to grow so that you can eventually afford the comfortable ...

August 03, 2016 | By Ryan Waters | Business


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