Georgia Governor Brian Kemp came to Augusta last week to sign three bills, one of which will make it easier for minority, women-owned, and veteran-owned businesses to receive required certifications. Mike Petchenik reports from Atlanta on that and other stories in this week’s Georgia Business Minute.
Last week, I reported an improvement in the labor market variables in the Leading Economic Index (LEI). After falling from mid-summer 2022, there was an improvement in the first two months of this year. Unfortunately, the main indicator of labor market health, employment, has yet to show signs of recovery. As suggested by the decline in the LEI since mid-summer, employment in the Augusta MSA has fallen from 245,200 in November to 241,000 in March (see graph). Education and health services, professional and business services and transportation and utilities all
Business, government and tourism leaders are tallying up the financial impact of the 2023 Masters Golf Tournament and all are showing a return to pre-COVID-19 numbers. One thing everyone agreed on is that this year marked the return for what they were calling a “full blown” Masters Week, a return to pre-pandemic levels, in both number of visitors and excitement. Destination Augusta reports the Augusta/Richmond County lodging sector saw substantial gains in revenue compared to the same time last year. Destination Augusta uses two companies that specialize in data for
Who’s causing all that racket? Sounds like Columbia County! Coach Dave Holdeman from The Alternative Board of the CSRA and Augusta Business Daily publisher Neil Gordon discuss a new deal that will allow for a public tennis court in the area. If you have a sweet tooth, you might want to check out Alumni Cookie Dough’s new location with a local coffee shop. In addition, Holdeman reviews three tips to help businesses create welcoming environments for employees. Be the first to get a big, cookie dough-sized scoop on these tips
The Augusta Leading Economics Index has reversed its slide from the summer of 2022 to the end of the year. The latest data for February 2023 shows the index up 0.6 percent using a three-month moving average. The unadjusted change from January is much bigger at 1.9 percent. However, given the fall witnessed in the last two quarters of 2022, the index is below February 2022 levels. Residential building permits increased in both January and February suggesting improvement in the overall housing market, including suppliers such as lumber, masonry and
Augusta’s own David’s Bridal location on Walton Way Extension will be affected by the move the company announced last week, stating that it has filed for Chapter 11 bankruptcy. Atlanta reporter Mike Petchenik discusses which other locations in Georgia will be impacted, as nearly 10,000 nationwide will lose jobs in this week’s Georgia Business Minute.
Azalea Investments 699 Broad Street www.azaleaoutdoor.com Contact: President Derek May Phone: 706.823.3302 As a former professional table tennis player, Derek May knows a thing or two about winning. May, a former national collegiate champion from Augusta College and U.S. national team member, is the current over 50 national table tennis champion. In his day job as president of Augusta’s Azalea Investments, he draws from that competitive spirit to harness success in the business world. “I like to compete,” May told Augusta Business Daily. “In sports, you learn discipline.” May’s ascent
In my previous two columns for this newsletter, I discussed many of the positive aspects of the CSRA when it comes to economic development. Remember, when we discuss an area’s potential for economic development, we have to consider the aspects of that area that would attract existing businesses to move or expand to that area and the area’s ability to provide an environment that stimulates the creation of new businesses. In my first column on March 20, I provided a number of reasons as to why the CSRA is a
Ambitious projects at Aiken Technical College and the Aiken County Public School District will create new pathways for workforce development. Aiken Tech will build a new, state-of-the-art Nursing Education Center. The school district will replace its aging Career and Technology Center with a new facility. The combination will allow both institutions to expand educational programs to train future job seekers in myriad fields. The school district has started looking at fields that are in demand and growing. “We’ve talked about a few specifics, particularly with cyber,” said Superintendent King Laurence.
Atlanta reporter, Mike Petchenick discusses a recent report from the Daily Mail detailing the process to retrieve an ingredient for the popular soft-drink Coca-Cola. Petchenick also highlights the state’s investments in electric vehicles and efforts to a crackdown on human trafficking in this week’s Georgia Business Minute.
