Economics

B2B Stories

Simon Says: What County Had the Highest Per Capital Personal Income?

Did residents in Aiken, Columbia, and Edgefield County make the most money? In 2024, Columbia County had the highest per capita personal income in the Augusta Metropolitan Statistical Area (MSA), and McDuffie County had the largest increase over 2023. Personal income is defined by the Bureau of Economic Analysis as “the income received by, or on behalf of, all persons from all sources: from participation as laborers in production, from owning a home or business, from the ownership of financial assets, and from government and business in the form of

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B2B Stories

(Water) Taxi anyone on the Savannah River?

For North Augusta Mayor Briton Williams, the most intriguing part of Augusta 2035: Blueprint for Action report is Augusta Tomorrow’s proposal to introduce water taxis. Those would be used to shuttle passengers between the Augusta side and the new boat dock near the Sharon Jones Amphitheater on the North Augusta side. “Neither one of our communities has truly understood and embraced what it means to have a body of water in between us,” Williams said. “Communities in both our states would love to have water as part of what they

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B2B Stories

EXCLUSIVE: “Powerful” company ignites possibilities in Aiken

A Memorandum of Understanding (MOU) signed in early February at USCA creates a partnership with a company on the leading edge of developing new ways to generate power. The MOU is with Antares Industries, a California-based company that specializes in nuclear fission energy systems, including fission microreactors, also known as Small Modular Reactors (SMR). Tom Mancinelli, Head of Federal Strategy and Policy at Antares, told ABD that their work right now is primarily for defense and space. They also work with the Pentagon and NASA to provide reactors for energy

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All I know about the Trader Joe’s Deal in Evans

The worst-kept secret in the CSRA is that Trader Joe’s is expected to build a standalone store directly behind the Columbia County Performing Arts Center, with the building facing North Belair Road. Cal Wray, the leader of the Augusta Economic Development Authority, says Trader Joe’s even looked in Richmond County a while back and decided against it. He says that Columbia County officials not being specific on active projects is not unusual. He doesn’t comment until there is a signed agreement. A Columbia County spokesperson said, not only is the

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Simon Says: Fastest growing counties in CSRA

The fastest-growing county in the Augusta Metropolitan Statistical Area (MSA) in 2024 is not in Richmond or Columbia County. It is Burke County. Real Gross Domestic Product grew at 15.6% in 2024 from 2023, according to recently released data from the Bureau of Economic Analysis. Columbia County grew at 3.6%, Richmond County at 1.6%, and Lincoln County at 0.6%. McDuffie County shrank by 3.5%.  In South Carolina, Aiken County grew at 2.7,% and Edgefield County shrank by 1.9% (see graph below). The state of South Carolina grew faster (4.5%) than

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2 Business Schools suggest a positive economic outlook in 2026

Dr. Santanu Chatterjee, interim dean at UGA’s Terry College of Business (at podium), and Dr. Simon Medcalfe, economist at AU’s Hull College of Business and an ABD contributor, both can see growth in Augusta’s economy in 2026. They see different sectors helping to drive revenue and jobs. Dr. Chatterjee led the 43rd annual statewide economic outlook event that travels from city to city. He said the Metro Augusta region is important to the overall outlook for Georgia, with healthcare leading the way. “The only sector in which we’ll see some

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B2B Stories

65 jobs and $17 million in CSRA Economic Deal

A county on the southern fringe of the CSRA is welcoming a new company. Preciball USA designs and manufactures precision and industrial balls for industrial use. The company’s products are used in applications such as bearings, pumps, valves, swivel joints, and more. Preciball USA’s primary offices, which will remain open, are located in Pooler. “Our new high-precision manufacturing facility will complement our existing distribution operations and offer fully integrated, end-to-end domestic production to serve customers across an array of industries,” said Don Peak, Executive Vice President of Preciball USA. “We are

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Top Federal Reserve official leads economic report in Aiken

Tom Barkin, President and CEO of the Federal Reserve Bank of Richmond, was the featured speaker at an economic symposium in Aiken. The Wednesday event, sponsored by the Rotary Club of Aiken, attracted 400 people, including South Carolina Lt. Gov. Pamela Evett (R) and Attorney General Alan Wilson (R), to the USCA Convocation Center. Barkin led his presentation with a topic on everyone’s mind: inflation. He said inflation is unfair, creates uncertainty, and the effort to negotiate with suppliers or shop around for better prices is exhausting. He coupled that

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Georgia joins new federal tax credit program; Augusta benefits

A new education tax credit will soon be available to Georgia families following a Tuesday announcement by Gov. Brian Kemp (R).  Kemp said the state is opting in to a program through the Internal Revenue Service (IRS). The credit became available as a provision of the Trump Administration’s most recent tax package, approved last year. It is an individual, dollar-for-dollar tax credit.  During his press conference, Kemp said this latest step is in the same vein as the Georgia Promise Scholarship Act, through which families can use tax dollars to choose education

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The Federal Debt and Annual Federal Deficits: Why You Should Care

Last week, I shared with you my disappointment related to the possible threat to the Federal Reserve’s independence by President Trump. In particular, I expressed how limitations on the Fed’s independence could negatively impact our nation’s economy and each of us. Fortunately, this week, I have some better news.  Earlier this month, a bipartisan resolution (House Res. 981) was introduced to the House of Representatives, which set a goal of reducing the annual federal deficit to 3% of GDP (Gross Domestic Product…the primary measure of the size of our national economy). As a frame

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