Our very own, Dr. Simon Medcalfe led an annual economic discussion at Augusta University this month. Mike Petchenik explains what he spoke about what experts are saying about the area’s economy in today’s edition of BizBits.
The Augusta Metropolitan Statistical Area (MSA) grew by 0.5 percent in 2022 from 2021, according to a recent news release from the Bureau of Economic Analysis. Real Gross Domestic Product (GDP), which is the market value of all final goods and services produced in the MSA in 2022 was $28.4 billion. The fastest growth was seen in arts, entertainment, recreation, accommodation, and food services, growing at 12.9 percent. The arts, entertainment, and recreation sector, which makes up about 25 percent of the overall industry, grew at a stellar 30.8 percent.
Skills continue to grow in the area as Augusta Technical College plans to launch three diverse programs at the start of this Spring 2024 semester. The Cyber Crime Specialist, Junior Web Developer, and Specialty Printing classes are technical certificate credit (TCC) programs. “It meets more of a specific need,” explained Dr. Tammy O’Brien, Dean of the School of Cyber and Design Media. “This is a great way for students to begin at one point, and then advance further into the degrees that we offer, that these three TCCs are actually
Businesses can often find it difficult to find and bid on lucrative government contracts, but there’s a nationwide network of experts ready to help. Augusta is home to an office of the Georgia Tech APEX Accelerator, one of 300 local offices for a program previously called the Procurement Technical Assistance Centers. Nationwide, there are more than 90 APEX Accelerators. “APEX Accelerator provides technical assistance and procurement advice to businesses,” explained Dave Hepner, the counselor in the Augusta office. “We have a great deal of clients that are just beginning, and
