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State’s initial jobless claims skyrocket by 75 percent

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.

December 09, 2008 | Staff Report | Business


Atlantic Southern posts quarterly loss

MACON - Atlantic Southern Financial Group, Inc. announced results for the nine months ended Sept. 30 and the 2008 third quarter.

December 09, 2008 | Staff Report | Business


AgSouth posts record net earnings for third quarter

STATESBORO - AgSouth Farm Credit CEO Bill Spigener recently announced that the customer-owned cooperative had record net earnings of $27.13 million during the third quarter of 2008, over a 6 percent increase over the figures from the same period during 2007.

December 09, 2008 | Staff Report | Business


Now is not the time to panic with investments

When you're in a state of panic, you can do some things really well, such as run after a bus, think up an excuse or find a last-minute gift. Other tasks, however, require a calmer approach. You don't want to be panicky when you're slicing a tomato, pouring hot coffee or preparing your taxes - and you certainly don't want to panic when you're investing for the long term.

December 09, 2008 | Frank Bevenour Guest Columnist | Business


Springs into action

With help from Effingham Chamber of Commerce members, representatives of The Springs at Effingham apartment community - Amy Calvert, Joni Hugueley, Caroline Melton-Fischer, Bernie Zemter and Sabrina Wray - cut the ribbon on the complex.

December 02, 2008 | Patrick Donahue | Business


Citizens Bank winners

December 02, 2008 | Staff Report | Business


Spatial Engineering chief to speak at Chamber breakfast

Richard Truluck, president of Spatial Engineering, will discuss his firm's role, mission and community impact at the next Effingham Chamber Membership Breakfast slated for Wednesday.

November 28, 2008 | Staff Report | Business


Hospital praised in annual audit

Effingham Hospital received overall praise for its progress in 2008 and praise for the additional services it has brought to the community during an annual audit presentation from Jim Creamer on Tuesday evening.

November 28, 2008 | Staff Report | Business


SBDC to hold entrepreneur workshops

A series of four workshops entitled "Entrepreneur Development Certificate Program" or EDCP will be held on Tuesday evenings beginning Nov. 18 and continuing each Tuesday through Dec. 9 in the conference room of the Small Business Assistance Center, 111 East Liberty St., Savannah.

November 28, 2008 | Staff Report | Business


Reiser and Reiser open house

November 25, 2008 | Staff Report | Business


SBA loan volume falls for 2008

WASHINGTON - A "perfect storm" of tightened credit by commercial lenders, declining creditworthiness and reduced demand for loans from small business borrowers uncertain about the future has led to a substantial decline in the number of small business loans guaranteed by the U.S. Small Business Administration during FY08, SBA Acting Administrator Sandy K. Baruah said Friday.

November 25, 2008 | Staff Report | Business


Here’s a ‘checklist’ for surviving a financial crisis

Over the past few weeks, the news has been almost incomprehensible. It's hard for many of us to make sense of the failure of major Wall Street firms and large banks and the $700 billion bailout of the financial sector. And it's hard for investors to be calm when stocks have fallen almost 30 percent from their all-time high a year ago. What can you do to cope? Consider the following "checklist" for surviving a financial crisis:

November 25, 2008 | Frank Bevenour Guest Columnist | Business


Spine and Sport backs FORCE food drive

In response to a call to action put out by Food Outreach Co-op of Effingham (FORCE), a not for profit organization that collects non-perishable items for area food pantries in Effingham County, Spine and Sport will have a week-long food drive at its Rincon office, beginning Nov. 3.

November 21, 2008 | Staff Report | Business


Casey, Howe join Coldwell Banker team

Stephanie Casey and Alicia Howe have joined Coldwell Banker Intercoastal Realty as full-time sales associates.

November 21, 2008 | Staff Report | Business


Citizens Bank marks 10th year

A steady downpour couldn't dampen the enthusiasm from Citizens Bank of Effingham's staff.

November 18, 2008 | By Patrick Donahue | Business


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Articles by Section - 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


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


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