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Archive By Section - 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


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


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Articles by Section - Business


Guyton Animal Hospital opens its doors

The Effingham Chamber of Commerce held a ribbon cutting Thursday for the new Guyton Animal Hospital.

July 31, 2014 | Staff report | 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


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