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Archive By Section - 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


Georgia Power names new coastal region manager

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.

June 05, 2014 | Staff report | Business


Dynacraft chooses Savannah port

Dynacraft, one of the nation's leading bicycle suppliers, has chosen the Port of Savannah as its new East Coast gateway.

June 05, 2014 | Staff report | Business


Medient to release critically-acclaimed ‘Yellow’ in August

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.

June 05, 2014 | Staff report | Business


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Articles 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


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