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Archive By Section - Business


Shareholder sues Medient

A Medient shareholder has filed suit against its current board of directors and its ousted CEO and board chairman, claiming the company has breached its fiduciary duty and the defendants are guilty of "gross mismanagement."

June 30, 2014 | By Patrick Donahue | 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


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Articles by Section - Business


Bennett named IDA chairman as Webb steps down

The Effingham Industrial Development Authority's board is under new leadership, as one of its most senior members was voted in as chairman Thursday night.

March 24, 2015 | By Patrick Donahue | Business


Studio CEO ‘happy’ with progress

The head of the massive movie studio complex to be built in Effingham County told members of the Effingham Industrial Development Authority that progress continues to be made on the project.

March 24, 2015 | By Patrick Donahue | Business


Retiring Tanksley to be honored at reception

The Effingham Herald and CEO Charles H. Morris will host a reception for retiring Effingham Herald Publisher Karen Tanksley on April 2 from 4-5:30 p.m. at the community room at Effingham Chamber of Commerce, 520 W. 3rd Street in Springfield, according to Joe McGlamery, regional vice president for Morris' southeast Georgia publications.

March 24, 2015 | Staff report | Business


Another big month for ports

The Georgia Ports Authority marked strong and sustained growth across all major markets in the month of February, including bulk, breakbulk, autos and machinery, and containerized freight.

March 24, 2015 | Staff report | Business


State DOL to help Rincon transformer plant recruit workers

ATLANTA - The Georgia Department of Labor will help Georgia Transformer Corporation (GTC), formerly EFACEC, recruit 32 workers for its manufacturing plant in Rincon. The company manufactures high-voltage transformers for utility companies.

March 19, 2015 | Staff report | Business


Effingham jobless rate holds steady at 5.4 percent

ATLANTA - The Georgia Department of Labor announced that Effingham County's unemployment rate for January remained unchanged from December, staying level at 5.4 percent.

March 17, 2015 | Staff report | Business


Brown named employee of the year for EHS

Rose Brown loves her job with Effingham Health System.

March 10, 2015 | Staff report | Business


UPS honors Guyton driver

ATLANTA - UPS announced 71 elite drivers from Georgia, including an Effingham County resident, are among 1,445 newly inducted worldwide into the Circle of Honor, an honorary organization for UPS drivers who have achieved 25 or more years of accident-free driving.

March 10, 2015 | Staff report | Business


State unemployment rate tumbles to 6.3 percent

ATLANTA - The Georgia Department of Labor announced that the state's seasonally adjusted unemployment rate for January was 6.4 percent, its lowest level since July 2008 when it was 6.3 percent. The rate was down two-tenths of a percentage point from a revised 6.6 percent in December. The rate in January 2014 was 7.3 percent.

March 10, 2015 | Staff report | Business


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