While small business lending is down in Georgia, a recent spot check of lenders who make SBA guaranteed loans showed they are doing deals for start ups and expansions and perhaps climbing back from a recent 28 percent drop in total loan volume.
ATLANTA - The Georgia Department of Labor reported that the unemployment rate in metro Savannah rose to a preliminary unadjusted rate of 6 percent in October, up 2.2 percentage points over the year from last October. The unemployment rate rose to 7 percent in October, the highest rate in more than 16 years. The jobless rate was up 2.5 percentage points from 4.5 percent at this same time last year. The October unemployment rate was up six-tenths of one percentage point from a revised 6.4 percent in September.
Adam S. Bryant, advisor for Sperry Van Ness Commercial Real Estate in Savannah, was awarded the Certified Commercial Investment Member (CCIM) designation in October by the CCIM Institute, one of the leading commercial real estate associations in the world.
ATLANTA - The Georgia Department of Labor (GDOL) reported that the state's seasonally adjusted unemployment rate rose to 7.0 percent in October, the highest rate in more than 16 years. The jobless rate was up 2.5 percentage points from 4.5 percent at this same time last year. The October unemployment rate was up six-tenths of one percentage point from a revised 6.4 percent in September.
Concerned about lower consumer spending this holiday season, Effingham County retailers are trying to lure holiday shoppers with huge discounts of up to 75 percent and buy one, get one free specials Dec. 5, as part of the Effingham County Chamber of Commerce Holiday Business Tour.
The Effingham County Chamber of Commerce will hold its annual Eggs and Issues Breakfast on Dec. 3. The event will be held in the Social Hall of Springfield United Methodist Church, 210 Cleveland St., Springfield at 7:30 a.m.
Luke and Linda Kulp were presented with a check for $500 from Konter Quality Homes and SunTrust Mortgage, according to Steve Petro, sales and marketing director of Konter Quality Homes. The Kulps entered the drawing at the Saddle Club booth at the October Effingham County Fair.
If you're an investor, you might be shaking your head in dismay after looking at your recent brokerage statements. In fact, you might even be thinking about giving up on Wall Street altogether. But before you do, consider the following story.
ATLANTA - The Georgia Department of Labor announced that 74,480 laid-off workers filed first-time claims for unemployment insurance benefits in November, an increase of 54.7 percent from November of 2007.
ATLANTA - The tax filing season is just around the corner. "Taxpayers can take the first step now by planning and reviewing tax law changes featured on the IRS Web site, www.irs.gov", according to IRS spokesman Mark Green.
WASHINGTON, D.C. - A plan by the Treasury Department and the Federal Reserve to improve market conditions for asset-backed securities - including those composed of SBA-backed small business loans - should be welcome news to credit-hungry small businesses across the country, said U.S. Small Business Administration Acting Administrator Sandy K. Baruah.
Dr. Andrew H. Abbott has joined Redick Family and Cosmetic Dentistry in the Silverwood Business Center.
Long-term care refers to the many services beyond medical care and nursing care used by people who have disabilities or chronic (long-lasting) illnesses. Long-term care insurance helps you pay for these services, which can be very expensive. A policy also ensures that you can make your own choices about what long-term care services you receive and where you receive them.
WASHINGTON - Small businesses won a record $83.2 billion in federal prime contracts in FY07, an increase of almost $6 billion from 2006, according to the U.S. Small Business Administration's annual small business procurement scorecard recently released. In addition, each socio-economic group increased its share of federal contracting dollars by at least $1 billion.
ATLANTA - The Georgia Department of Labor announced that 72,627 laid-off workers filed first-time claims for unemployment insurance benefits in October, an increase of 75 percent from October 2007.
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.
The Effingham Industrial Development Authority has entered into a purchase option with site selector for about 21 acres at the Governor Treutlen site.
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.
The Georgia Ports Authority board of directors elected James A. Walters of Gainesville to serve as chairman.
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.
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.
New Medient Studios chief executive officer Jake Shapiro said the company will get to the essence of its being - that of making movies.
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.
Work continued quietly Thursday afternoon at Medient Studios' office in Savannah. But behind the scenes, a day of upheaval and tumult had taken place.
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.
WASHINGTON - Agriculture Secretary Tom Vilsack announced that the nomination period for local Farm Service Agency county committees begins June 15.
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.
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.
Dynacraft, one of the nation's leading bicycle suppliers, has chosen the Port of Savannah as its new East Coast gateway.
Medient Studios, Inc., will release Nick Cassavetes' "Yellow" on Aug. 29 in New York, San Francisco, Los Angeles, Seattle and Chicago, followed by a planned expansion nationwide, the studio announced.