Georgia Southern University's Bureau of Business Research and Economic Development (BBRED) has been awarded a $295,927 grant by the North American Development Bank (NADBank) to expand Georgia's Enterprise Network for Innovation and Entrepreneurship (GENIE) project.
STATESBORO - The annual survey on the economic impact of the University System of Georgia reveals Georgia Southern University had a $524 million economic impact on Statesboro and the Bulloch County area and accounted for more than 6,500 jobs in fiscal year 2012.
SAVANNAH - An annual study of the economic impacts of University System of Georgia institutions released Wednesday proved that Savannah State University continues to be a major force in the local economy, pumping approximately $148 million into the Savannah metropolitan area during fiscal year 2012.
With the anticipated closing of the deal between Medient Studios and the Effingham Industrial Development Authority less than two weeks away, the first steps of work on the 1,550-acre site are under way, according to the company.
The Georgia Ports Authority board of directors has elected Robert S. Jepson Jr. of Savannah to serve a second term as chairman of the board. Jepson was first appointed to the board in 2008 and previously served as vice chairman. The new vice chairman will be James A. Walters, and Stephen S. Green will serve as secretary/treasurer.
ATLANTA - The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate increased to 8.3 percent in May. The rate was up one-tenth of a percentage point from 8.2 percent in April, but it was down eight-tenths of a percentage point from 9.1 percent in May a year ago.
SAVANNAH - At the close of 2012, the Savannah-area economy appeared poised to maintain its forward momentum into 2013. While the expected growth did not come to fruition during the first quarter of 2013, the economy did not falter, but rather, held steady in the face of faltering consumer confidence, according to Armstrong Atlantic State University's latest Coastal Empire Economic Monitor.