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Archive By Section - 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

Georgia Power names new coastal region manager

Georgia Power has named William Mock as plant manager of its Coastal Region electric generation facilities. In this role, Mock will oversee all operations at Plants Kraft, McIntosh, McManus and Mitchell.

June 05, 2014 | Staff report | Business

Dynacraft chooses Savannah port

Dynacraft, one of the nation's leading bicycle suppliers, has chosen the Port of Savannah as its new East Coast gateway.

June 05, 2014 | Staff report | Business

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Articles by Section - Business

When investing, put time on your side

Now that we're well into autumn, the days are getting noticeably shorter. The change in seasons reminds us that time is passing - and it ...

October 21, 2015 | By Ryan Waters | Business

FONU2 to produce James Brown documentary

FONU2, Inc. announced Tuesday it will be producing a documentary on James Brown, "the Godfather of Soul," in association with RKA Entertainment LLC and Loochie ...

October 20, 2015 | Staff report | Business

French company to open operation in Effingham

The Effingham County Industrial Development Authority and DRT have announced the company will be building a plant in the Effingham Industrial Park.

October 13, 2015 | Staff report | Business

Time for annual 401(k) review?

Once you've started contributing to your 401(k) plan and funded it with investments that are appropriate for your needs, you might think you ...

October 06, 2015 | By Ryan Waters | Business

Kolovich joins Optim Orthopedics

Optim Orthopedics has added orthopedist Gregory Kolovich, MD, who will be seeing patients in Rincon. Having recently completed his fellowship, Dr. Kolovich joins Optim from ...

October 06, 2015 | Staff report | Business

What’s smarter — paying off debts or investing?

It probably doesn't happen as much as you'd like, but from time to time, you have some extra disposable income. When this happens ...

September 29, 2015 | By Ryan Waters | Business

Unemployment in Effingham falls to 5.1 percent

ATLANTA-The Georgia Department of Labor announced Thursday that unemployment in Effingham County was down to 5.1 percent for August, a drop from the ...

September 29, 2015 | Staff report | Business

After another big year, port projects even more growth

In his annual state of the port address, Georgia Ports Authority Executive Director Curtis Foltz reported on a year of extraordinary growth, and provided a ...

September 29, 2015 | Staff report | Business

Palmetto Pipeline plans still going forward, executive says

The company proposing to build a billion-dollar pipeline through much of southeast Georgia, including Effingham County, expects to submit its environmental permit applications later this ...

September 29, 2015 | By Patrick Donahue | Business

A new name, a new future

Called a re-grand opening, Saturday's event at Georgia Transformer served as a commitment from the plant's new management to the Rincon facility.

September 29, 2015 | By Patrick Donahue | Business

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