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
State apple crop comes in early
MACON - Georgia's apple crop came in ahead of schedule due to warmer-than-normal temperatures earlier this year, meaning apple lovers can get an early bite of the fall fruit.
State jobless rate tumbles to 9 percent for September
ATLANTA - The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate declined to 9.0 percent in September, down two-tenths of a percentage point from 9.2 percent in August. The jobless rate was 9.8 percent in September a year ago.
Double-digit growth in autos, TEUs at ports
The Georgia Ports Authority announced Monday that the authority posted increases across all reporting categories for the first two months of fiscal year 2013.
Long-term jobless may be eligible for additional benefits
ATLANTA - The Georgia Department of Labor announced that some long-term unemployed workers may now be eligible for additional Emergency Unemployment Compensation in Georgia. The GDOL is mailing notifications to those who may be eligible and instructing them to begin filing for benefits.
Deal announces a sales tax holiday for energy-, water-saving items
Gov. Nathan Deal has announced that Georgians can save money while conserving energy and water during the upcoming ENERGY STAR and WaterSense sales tax holiday.
State says investment, jobs created set a record
Gov. Nathan Deal announced Monday that jobs and investment generated by the Global Commerce division of the Georgia Department of Economic Development jumped by almost a third during the state's most recent fiscal year. The department reported that the 403 company expansions or locations with which it assisted created 28,776 jobs, an increase of 29 percent from last fiscal year, and $5.97 billion in investment, a 32 percent increase. These statistics reflect a trend of ...
One-Stop to hold job fair
The Effingham One-Stop will host a job fair Wednesday from 9 a.m.-3 p.m.
Metro Savannah jobless rate falls to 8.6 percent
ATLANTA - The Georgia Department of Labor announced that the preliminary unemployment rate in metro Savannah declined to 8.6 percent in August, down five-tenths of a percentage point from 9.1 in July. The rate was 9.5 in August 2011.
Commissioners debate merits of excise tax
Effingham County officials are continuing to ponder whether to enact an excise tax the state is abandoning.
Manager: Mill running strong and safely
Safety has taken a step forward at Georgia-Pacific's Savannah River Mill, plant manager Kelly Wolff said.
State adds more jobs, but the unemployment rate stays unchanged
ATLANTA-The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate was 9.2 percent in August. The rate is unchanged from July, when the preliminary 9.3 percent rate was revised to 9.2 percent. The jobless rate was 9.9 percent in August a year ago.
Double-digit growth for ports in August
The Georgia Ports Authority saw a strong August, with increased business across all categories, both month-over-month and fiscal year to date.
AASU economist sees steady growth for region
Armstrong Atlantic State University's Center for Regional Analysis reports a steady improvement in the economy for the second quarter of 2012, according to the Coastal Empire Economic Monitor.
Deal asks for, receives EPA waiver on gas requirements
At the request of Gov. Nathan Deal, the U.S. Environmental Protection Agency has temporarily waived environmental requirements for gasoline sold in Georgia to avoid a potential shortage after Hurricane Isaac caused supply disruptions.
Parker’s to open in old Springfield Ford locale
Parker's has announced plans to build a new state-of-the-art convenience store in Rincon.
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