Archive By Section - Business
GPA sees 20 percent hike in TEUs
SAVANNAH-Georgia Ports Authority's (GPA) Executive Director Curtis J. Foltz announced Monday the Port of Savannah experienced nearly 20-percent growth in 20-foot equivalent units (TEUs) for calendar year 2010 with 2,826,308 TEUs, a record for the Authority.
Kuharik joining Platinum Properties
Amy Kuharik, a native of west Chatham County, has joined Platinum Properties Real Estate Group.
State unemployment pushes past 10 percent
ATLANTA-State Labor Commissioner Mark Butler said Thursday that Georgia's seasonally adjusted unemployment rate rose to 10.2 percent in December, up two-tenths of a percentage point from a revised 10 percent in November.
Consider establishing a business retirement plan
If you're self-employed or you own a business, you've got a lot to think about: attracting new customers, maintaining cash flow, upgrading equipment and facilities - the list goes on and on. Yet, as busy as you are today, you can't forget about tomorrow - which means you need to have a solid retirement plan in place.
Open for business
Effingham Chamber of Commerce representatives help Linda Purnell cut the ribbon on the Old Church Market Restaurant. The restaurant, located in a former church, is at 120 N. Columbia Ave. in Rincon. Purnell said it had been a dream of her husband to have a restaurant, and when they saw this building available, she said, "it was so beautiful, we just had to open here." The Old Church Market Restaurant specializes in Southern style, self service, ...
Changes atop Citizens Bank
Longtime banker Harry H. Shearouse has been elected interim president and CEO of Citizens Bank of Effingham. The Springfield native, who has been chairman of the board at Citizens since 2003, helped organize the bank in 1997 and served as president/CEO for four years. Shearouse will succeed Michael Lee, who has accepted a position as senior vice president with Ameris Bank based in Moultrie. Both appointments are effective Jan. 10. "I am certainly familiar with the bank ...
Coastal Bank introduces text message banking
SAVANNAH-The Coastal Bank, headquartered in Savannah, recently launched new state-of-the-art mobile banking and Text Message Banking (TMB). The Coastal Bank is the first locally-owned financial institution to offer mobile banking and Text Message Banking to customers. With the addition of these secure mobile banking tools, The Coastal Bank's business and consumer banking customers can have an expanded range of options for "on the go" banking. Customers have the ability to perform money management tasks quickly and ...
Heritage Bank reaches agreement with FDIC
James M. Floyd Jr., president and chief executive officer of The Heritage Bank, announced Thursday that the bank has successfully completed discussions with the Federal Deposit Insurance Corporation and has entered into a consent agreement with the regulatory agency. The Heritage Bank is headquartered in Hinesville and has a branch in Rincon. The agreement, mostly reflecting initiatives already implemented by the board of directors and bank management, is based on items identified in a periodic regulatory ...
Metro Savannah jobless rate rises to 8.9 percent
ATLANTA-The Georgia Department of Labor reported that the preliminary unadjusted unemployment rate in the metro Savannah area increased to 8.9 percent in November, up six-tenths of a percentage point from 8.3 percent in October. Meanwhile, the number of unemployed workers in the area increased to 15,616, up 1,195 from 14,421. The jobless rate in the metro Savannah area in November 2009 was 8.1 percent. Preliminary figures for November show Effingham County's unemployment rate jumped to 8.2 ...
Two complete economic development education
The Board of the Georgia Academy for Economic Development announces Effingham County graduates from the 2010 Multi-Day Training Program in Region 12. Class participants represented a number of professional and non-professional economic development fields, including elected officials, public servants, business leaders, educators, and social service providers from the ten counties of Coastal Georgia. The curriculum provides insights into the complexities of economic and community development on the local, regional, and state levels. Effingham County graduates at the ...
EFACEC delivers transformer
ATLANTA-The delivery of a 115 MVA/115 kV high capacity core-type transformer to a New Mexico wind farm this month is a signal of the new energy economy for several reasons: It is the first American-built transformer from EFACEC USA's new plant at the Effingham Industrial Park - the only plant of its kind in North America. It is the product of a revival of a U.S. industrial endeavor, which has created hundreds of high-tech, skilled manufacturing jobs ...
State employment law to be reviewed in seminar
Georgia employment law topics will be the theme of Georgia Southern University's "LAW 108: Georgia Employment Law" seminar in Savannah just after the holidays. Taught by an employment law attorney, the 90-minute, Jan. 11 seminar will review at-will and contract employment, negligent supervision/retention of employees, defamation in the context of employment references, and workplace privacy. The Tuesday evening program runs 6-7:30 p.m. at the Coastal Georgia Center. The seminar provides 1.5 recertification credit hours for PHR, SPHR ...
Ports notch another month of double-digit growth
Georgia Ports Authority's (GPA) Executive Director Curtis J. Foltz announced Monday the GPA experienced growth in November 2010, which is consistent with the double-digit growth rates that have been experienced since December 2009 "The Port of Savannah experienced moderate gains in November, following FY2011's very strong peak season," Foltz said. "We remain cautiously optimistic about future volumes through the ports and continue to prepare for larger vessels, currently calling on the U.S. East Coast." The Port of ...
Ports call on Atlanta business leaders
The Georgia Ports Authority, in partnership with the Georgia World Congress Center, the Supply Chain Leadership Council of the Metro Atlanta Chamber, the Regional Business Coalition, the Georgia Department of Economic Development, the Georgia Chamber of Commerce, and GeorgiaForward hosted a panel discussion regarding the impact of the Savannah Harbor Expansion Project (SHEP). The event brought more than 350 members of metro Atlanta's business, economic development and logistics industries. "Georgia's business leaders agree that it is imperative ...
PSC to hold final round of rate hike request
The Georgia Public Service Commission will hold the third and final round of hearings on Wednesday at 9 a.m. on the Georgia Power Company rate increase request. The hearings will continue on Thursday if needed and Friday if needed. All hearings will begin at 9 a.m. except the Dec. 2 session which, if needed, will begin at 1:30 p.m. All meetings will take place in Room 110 at 244 Washington Street, S.W., Atlanta. On Wednesday, the PSC ...
Articles by Section - Business
Metro jobless rate falls to 7.8 percent
ATLANTA - The Georgia Department of Labor announced Thursday that metro Savannah's unemployment rate declined to 7.8 percent in February, down five-tenths of a percentage point from 8.3 percent in January. The rate was 8.7 percent in February a year ago.
GSU to host community bank symposium
Georgia Southern University's Center for Excellence in Financial Services and the Georgia Bankers Association will host the seventh annual Community Bank Symposium on March 27 from 7:30 a.m.-2:45 p.m. at the Forest Heights Country Club in Statesboro.
Georgia Ports mark February tonnage increase
Georgia Ports Authority Executive Director Curtis Foltz reported strong growth for February, with an increase of 6.9 percent - or 147,650 tons - in total cargo compared to the same month last year, moving 2.27 million tons of freight in February.
State jobless rate falls to lowest in 4 years
ATLANTA - The Georgia Department of Labor announced that Georgia's seasonally adjusted unemployment rate dipped to 8.6 percent in February, the lowest rate since January 2009. The rate was down one-tenth of a percentage point from 8.7 percent in January and six-tenths of a percentage point from 9.2 percent in February 2012.
Studio liked what it saw from Effingham
It didn't take long for Medient Studios to like what it saw in Effingham County and make the decision to build their movie and DVD production in Effingham.
CEO: ‘Nothing quite like it in the world’
It's not just the size and scope of the Medient Studios project that makes it stand out, according to CEO and Chairman Manu Kumaran.
Curtain rises on Effingham project
Evoking one of cinema's most renowned closing lines of a movie, Manu Kumaran ushered in a partnership between his company and the Effingham Industrial Development Authority.
IDA prepares for 'major' prospect
The Effingham Industrial Development Authority is on the verge of signing a prospect who could change the economic landscape of the county, according to sources.
Health care law carries burdens and lots of questions
The effects of the Affordable Care Act could be as long as the document itself, according to Tim O'Hayre of BB&T Insurance Services.
Jobless rate rises to 7.8 percent
ATLANTA-The Georgia Department of Labor announced Thursday that the unemployment rate in metro Savannah rose to 8.3 percent in January, up two-tenths of a percentage point from 8.1 percent in December. The rate was 8.9 percent in January 2012.
Rafter Law Firm cuts the ribbon
Rick Rafter celebrated the official opening of his law practice and office in Springfield with a ribbon cutting.
HeritageBank of the South purchases LaGrange bank
ALBANY - Heritage Financial Group, Inc. (NASDAQ: HBOS), the holding company for HeritageBank of the South, has announced that HeritageBank of the South has entered into a definitive whole-bank purchase and assumption agreement with the Federal Deposit Insurance Corporation to acquire Frontier Bank, a full-service bank based in LaGrange.
State unemployment rate holds steady at 8.7 percent
ATLANTA - The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate for January was 8.7 percent, unchanged from December. The rate was 9.3 percent in January a year ago.
Medical supplier Dukal picks Savannah as port
Dukal Corporation, a leading supplier of disposable medical products, has chosen the Port of Savannah as its major port of entry and established new distribution center space in Savannah's Foreign Trade Zone.
A big day for EFACEC
EFACEC Power has completed the largest power transformer built in the U.S. in decades, a 900 MVA (megavolt ampere) unit. It is the largest not just for its rating but also for its size.
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