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Archive By Section - 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


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


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Articles by Section - Business


State jobless rate rises to 8.1 percent for August

ATLANTA-The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate for August was 8.1 percent, up four-tenths of a percentage point from a revised 7.7 percent in July. The rate in August of last year was 8.2 percent.

September 18, 2014 | Staff report | Business


Logistics company to recruit workers in Springfield

The Georgia Department of Labor will host a recruitment next week to help Pinnacle Workforce Logistics hire about 30 workers for a warehouse in Pooler.

September 12, 2014 | Staff report | Business


A new name for studio, but focus remains same, CEO says

The CEO of Moon River Studios said Tuesday they are eyeing an early 2015 start date for construction on a massive studio project slated for Effingham County.

September 11, 2014 | By Patrick Donahue | Business


Labor Department to bring business, employer summit to Savannah

The Georgia Department of Labor and several employer committees in coastal Georgia will co-sponsor a business and employer summit Sept. 23 in Savannah.

September 08, 2014 | Staff report | 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


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