Augusta Business Daily

Mon, September 25, 2023

ABD Extra

ABD Extra

Patrick Reynolds: How is inflation impacting the hiring process?

There’s not an easy button. Here’s a look back at May’s Employment Recruitment & Retention Panel discussion from ABD’s Conference and Expo, as Patrick Reynolds, CEO of Cross Link Consulting, explains the necessity of working together, even in difficult situations.

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Hitting the road with Georgia’s film industry

Georgia Entertainment News has scheduled the Georgia Unscripted Roadshow to crisscross the state and highlight the impact the entertainment industry has on the Peach State. The organization advocates for Georgia’s entertainment industry and kicked off the road trip on June 22 in Athens. It will continue on its nine-city journey through the state, which includes a planned stop in Augusta on August 23. “We’re advocacy media, we’re a publication that covers the industry,” said Randy Davidson, President of Georgia Entertainment News. “Our editorial pages are pro the state investing further

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Georgia Business Minute: Ready to take-off!

Soaring job opportunities could be coming to the Peach State soon, thanks to an aircraft engine manufacturer expected to invest in our region. If accomplished, it would bring nearly 400 jobs to the area, adding to Georgia’s rank as one of the top five exporters of aerospace products in America. Learn more from Mike Petchenik reporting in Atlanta with the latest on this and other stories in this week’s Georgia Business Minute.

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Mondays with Rick: Internship story: “These are my people”

In my last two columns, I wrote about the positive impacts internship programs can have on individual students, companies, and the economic and workforce development of a community. The first of those two columns focused on two local internship programs for high school students, while the second discussed the value of Augusta University’s Hull College of Business, requiring its students to complete an internship prior to graduation. In my next two columns, I will conclude my series on internships by sharing the stories of my older daughter, Audie and my

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Simon Says: Where do the numbers stand on income inequality?

Income inequality in the U.S. has been rising since 1980. However, the latest data for 2020 show a steep decline as shown in the chart below. The Gini index for the U.S. fell from 41.5 in 2019 to 39.7 in 2020. A value of 0 implies perfect equality and 100 implies perfect inequality. The decline probably represents the Covid checks and other support sent out by the federal government in 2020. Locally, county Gini estimates for 2021 show higher inequality. Columbia County had a Gini index of 41.9 and Richmond

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Economic Update: Are you hungry?

We’ve got stories that will work up an appetite! Coach Dave Holdeman from The Alternative Board of the CSRA and Augusta Business Daily publisher, Neil Gordon talk about local entrepreneurs treading a path in the food business. Get to know the details on all that and more in this week’s economic update.

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THE MARATHON CONTINUES

Putting in the time since 2009… For the past six months, the Auben leadership team has had a lot of conversations about our upcoming market expansion. As we seek to build teams and open offices in Atlanta, Charlotte, and Greenville/Spartanburg in the next 90 days, we want to ensure we act expeditiously to capitalize on market dynamics perfectly aligned with our SFR investor focus. However, we also want to proceed with the prudence of an organization which intends to be managing assets for our clients’ grandchildren. It’s a delicate balance.

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Davis Beman: How do businesses cope with inflation?

Focus on what you do best! We take a look back at the economic panel discussion from ABD’s Conference and Expo in May. Davis Beman, principal of Beman Real Estate Company, speaks about the importance of maintaining great relationships and confidence as businesses face high interest rates.

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Georgia Business Minute: Ready, set, action!

And cut! According to a study produced by film advocates, Georgia would benefit from investing more in the film industry. However, an economic expert in Georgia is questioning their findings. Learn more from Mike Petchenik reporting in Atlanta with the latest on this and other stories in this week’s Georgia Business Minute.

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Simon Says: A look at pay data in local counties

The Bureau of Labor Statistics (BLS) just released annual pay data for 2022 for all counties in the U.S. Locally, Burke County has the highest annual pay at $98,427, followed by Aiken County at $48,118. The BLS has not yet provided a breakdown of the average annual pay by industry, but it is likely that these high county averages represent engineers at Plant Vogtle and Savannah River Site. The more rural counties of Lincoln and Edgefield saw the largest percentage change in average annual income between 2021 and 2022, with

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