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Archive By Section - 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


Rural Physician Bus Tour makes a stop at Effingham Health System

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.

June 30, 2014 | Staff report | Business


Morgan re-elected to Georgia Health Care Association board

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.

June 30, 2014 | Staff report | 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


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Articles by Section - Business


ASU quarterly report says coastal economy growing

Armstrong State University's latest Coastal Empire Economic Monitor reports the Savannah-area economy continued to expand during the second quarter of 2014 and should experience strong growth throughout the year.

September 04, 2014 | Staff report | Business


SBDC to present GrowSmart series for small businesses

SAVANNAH - In its 10th year, SBDC GrowSmart, the signature series of the University of Georgia Small Business Development Center, will begin Sept. 16 and consists of five modules over five weeks. Each module will focus on a particular topic, such as marketing, finance, and management, with the sessions lasting from 9 a.m.-4 p.m.

September 04, 2014 | Staff report | Business


Studio not only item on IDA’s menu

When a company planning a massive project in the community changes its name, it takes a little getting used to.

September 01, 2014 | By Paul Floeckher | Business


Mapping how to attract, keep tourists

Effingham County could shape itself into a draw for tourists, if enough resources are applied to making it happen, a state tourism official said Thursday.

August 25, 2014 | By Patrick Donahue | Business


Jobless rate nudges upward

ATLANTA - The Georgia Department of Labor announced that Effingham County's preliminary unemployment for July was 6.6 percent, up from June's rate of 6.4 percent. The rate is down from the July 2013 mark of 7.1 percent.

August 25, 2014 | Staff report | Business


Area economy back on the fast track

ST. SIMONS ISLAND - As director of Armstrong State University's Center for Regional Analysis, Michael Toma has been a bearer of grim economic tidings over the last several years. But Thursday morning, his remarks on the region's outlook appeared to be much more well-received.

August 21, 2014 | By Patrick Donahue | Business


IDA waits for answers on Medient master plan

While Effingham Industrial Development Authority members expect to get the master plan for Medient Studios' project, they also still have a slew of questions.

August 21, 2014 | By Patrick Donahue | Business


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