Economics

We finished strong in 2025. The Augusta Leading Economic Index (LEI) increased by 0.4 percent in October and 0.1 percent in November. In November, the LEI was 1.3 percent higher than a year ago. Residential building permits increased in October but fell back in November. Initial claims for unemployment insurance increased in both months. The Dow Jones Industrial Average continued its strong growth in the fourth quarter. After several months of declining job openings, October and November saw increased job openings. The November employment weighted average of job openings in

Georgia Gov. Brian Kemp (R) delivered his final State of the State address, wrapping up his second term in office, with a focus on improving affordability for all Georgians. He began by announcing an income tax rebate and a call to reduce the state income tax. “My budget proposal will include a fourth, one-time, 1-billion-dollar tax rebate this year that will return or save the average filer 250 dollars and a married couple up to 500 dollars,” he explained. “With this rebate, my administration and this General Assembly will have

Members of the South Carolina General Assembly have gathered in Columbia for today’s opening of the 2026 session. This is the second regular session of the 126th General Assembly. State Sen. Tom Young (R-District 24, Aiken County) told ABD he sees a wide range of topics facing lawmakers this session, ranging from education to workforce initiatives, and modifying the state’s income and property taxes. South Carolina has been incrementally lowering the personal income tax from 7% to the current 6% on income over $17,830. Young anticipates a vigorous debate on

ABD spoke with the leaders of the Richmond, Columbia, and Burke County economic development offices, as well as Western SC and the SRS Community Reuse Organization (SRSCRO), about their favorite accomplishments of the past 12 months and what is anticipated in the next 12. At the Augusta Economic Development Authority (AEDA), President and CEO Cal Wray said supporting the county’s existing industries topped his list. “With all of the tariff conversation and uncertainty, with the administration change and with politics, and with this last excise tax that the Commission looked at