Economics

The Georgia Public Service Commission (PSC) has voted unanimously to approve a motion to expedite the return of approximately $122 million in funds beginning January 2025. The money is available due to recent changes to state tax law which lowered the Georgia Power’s corporate tax rate. The estimated savings for the typical residential customer using an average of 1,000 kilowatt hours per month amounts to about $2.25 per month. This adjustment will partially offset the implementation of the third year of Georgia Power’s 2022 rate request. The move is the

As the second largest metro area in Georgia with more than 600,000 residents, Augusta continues to grow. In fact, Augusta has experienced a notable 26% population growth over the past two decades. There are several business trends and economic factors attracting more and more people to the area. One of the largest economic drivers in Augusta is the government. Fort Eisenhower has long played a significant role in spurring local growth as it brings military families, contractors, and other skilled workers to the area. Fort Eisenhower’s population has doubled over

Meta, one of the top five U.S.-based information technology companies, will build a new data center in Sage Mill Industrial Park. Rounding out the top five are Alphabet (Google), Amazon, Apple and Microsoft. “Meta’s decision to locate its newest operation in Aiken County is a major win for South Carolina’s thriving technology industry. Meta’s $800 million investment will significantly impact our economy, creating valuable jobs and further driving innovation. We look forward to building a strong partnership with Meta that will benefit our communities and enhance our state’s reputation as