October 21, 2024

B2B Stories

Simon Says: We may be in a recession

The Augusta Metropolitan Statistical Area economy is in a recession, according to one indicator. The Sahm indicator hit 0.6 in August and a reading higher than 0.5 indicates a recession. The Sahm indicator is named after its creator, Claudia Sahm. The Sahm Recession Indicator signals the start of a recession when the three-month moving average of the unemployment rate rises by 0.50 percentage points or more relative to the minimum of the three-month averages from the previous 12 months. In August, the local unemployment rate rose to 4.4 percent for

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B2B Stories

Bringing help directly to South Carolina residents

Staff from more than 22 agencies set up in the USC-Aiken Convocation Center to help walk residents harmed by Hurricane Helene through what assistance is available. Representatives from state agencies including the South Carolina Departments of Health and Human Services, Insurance, Motor Vehicles, and Public Health were joined by FEMA and the Small Business Administration (SBA) from the federal government. It began as an initiative following a series of destructive floods the Palmetto State experienced beginning in 2015. “Governor McMaster continued it with several hurricanes,” Brooke Bailey, Director of Strategic

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B2B Stories

Helene leaves $2 billion tourist destinations in shambles

Fall is in the air. The leaves are changing. Families from the CSRA and beyond would normally descend upon Western North Carolina to soak in the orange, red, and yellow leaves that beckon. A three-and-a-half-hour drive for a getaway to Asheville and surrounding towns might be an annual family plan this time of year. Nothing is normal right now for our neighbors in the so-called Land of Sky region. While the CSRA is still in recovery mode from Hurricane Helene, parts of the scenic attractions in Western North Carolina are

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