Economics

B2B Stories

Sponsored Article: Insuring your future by the Golden Rule

Publisher’s Note: Kevin Hyatt believes in “The Golden Rule” and at tomorrow’s Conference and Expo, he will show it! He’s not only an exhibitor on the concourse by the Wow Room elevator—but he’s ALSO leading a breakout session on sales and marketing to help other entrepreneurs grow! The Hyatt Agency www.thehyattagencyllc.com 706-343-8033 Call for a FREE quote today! Kevin Hyatt’s goal is simple: treat customers the way he’d want to be treated. The “Golden Rule” is what drives the Augusta business owner in every interaction with every prospective and current

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B2B Stories

GA and SC deliver one, two punch for best in business

For the 10th straight year, Area Development Magazine named Georgia number one on its annual list of “Top States for Doing Business” report. Governor Brian Kemp (R-GA), joined by former Governor, Nathan Deal (R), members of the general assembly and state and local economic developers, made the announcement earlier this month. “For 10 straight years, the people who help businesses choose where to make long-term investments have repeatedly said Georgia is the best state in the nation for opportunity,” said Kemp. “Despite the unprecedented challenges we’ve seen in recent years,

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B2B Stories

Harlem businesses prepare for new faces this weekend

A popular annual event is coming up this weekend in Harlem. The 34th Annual Oliver Hardy Festival kicks off at 9 a.m. on Saturday, October 7. Hardy, half of the famous comedy duo of Laurel and Hardy, was born in Harlem in 1892. In 1989, Harlem launched its first celebration of its native son. “We typically have vendors lining the street, they can sell anything from Christmas decorations all the way to hand-carved wood crafts,” said Meghan Foster, Director at The Harlem Museum and Welcome Center, the Home of the

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B2B Stories

Decision time approaching for funding construction of a new JBA

Editor’s note: This is Part 2 of a series of reports regarding the potential for a new James Brown Arena. The decision will soon be in the hands of voters. Richmond County voters are facing a decision on the future of the James Brown Arena. They will head to the polls on November 7 to vote on a referendum creating a construction special purpose local option sales tax (C-SPLOST) to pay for the $250 million project. It calls for demolishing the existing JBA, built in 1979, and replacing it with

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B2B Stories

Sneak peek at Bell Auditorium renovations

Editor’s note: In the first of a two-part series, we take you behind the curtain of the Bell Auditorium renovations. The reno project includes upgrades, but also preserving the Bell’s history. Tomorrow, ABD will look at the voting process to fund the project. The Augusta-Richmond County Coliseum Authority invited members of the media to take a tour of the work being done to upgrade the Bell Auditorium. Part of the project is renovating the existing lobby area. The new lobby will be more than 5,000 square feet, 30 feet tall

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B2B Stories

Only one bright spot in the job market

The Bureau of Labor Statistics released employment data for the Augusta Metropolitan Statistical Area last Thursday. Employment fell by 900 in August from July. The chart below shows the rollercoaster ride we have been on in the local area over the last year. Employment rose from August 2022 through November as the chain pulled the roller-coaster up the first hill. We then plummeted down the first drop, losing 3,000 jobs in two months. Another drop followed a mini recovery in February (just to make your stomach go queasy!). A long

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B2B Stories

The “H” word is back at the James Brown Arena

Hockey was on the agenda of the September 26 meeting of the Augusta-Richmond County Coliseum Authority. Members of the authority heard a report on the feasibility of bringing hockey back to the Garden City, prepared by David Stone of Stone Planning, LLC. Stone said since a local team would likely be affiliated with the East Coast Hockey League (ECHL), his team looked at the 29 teams currently in that league. Eight of the teams were eliminated because they are in large cities that have other professional sports teams such as

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B2B Stories

Job openings take big hit

As expected, and I wrote about it last week, the Augusta Leading Economic Index (LEI) turned negative for the first time in six months. The LEI fell 0.4 percent in July from June. All the component indicators fell, except the Dow Jones Industrial Average which increased by 3 percent on the last day of July compared to the last day of June. Unfortunately, the Dow gave those gains back in August. The data release for the final component of the LEI was for job openings. In Georgia, there were 311,000

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B2B Stories

Impacts of an aging population: The good and the bad of the silver tsunami

Editor’s note: Yesterday, we reported on a franchise that recently opened called Seniors Helping Seniors. The business employs seniors to provide caregiving services to their counterparts. It’s working well because the caregivers have the skill sets to understand the challenges of their clients. Today, we delve into the impact of an aging population on the economy and the workforce. Whether you call it the “graying of America” or the “silver tsunami,” the fact is that the American population is steadily becoming more dominated by older people. In other words, the median age

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B2B Stories

Multimillion-dollar project nearing completion at Augusta Airport

Members of the Augusta Aviation Commission got a first look at a facility nearing completion across Doug Barnard Parkway from the airport. The public will likely never see the $9.5 million development; however, it is expected to improve their experience when they visit Augusta Regional Airport. The project is a 12,000-square-foot building that will be the new base of operations for the rental car companies serving Augusta Airport. It is being built on approximately 16.5 acres off the newly named access road, Majestic Skies Way. “In a lot of ways,

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