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Economics
B2B Stories

Expert presents optimistic news regarding economic outlook

When experts speak about the economic outlook, the news is often grim. But according to one economist, there are many reasons to be optimistic about future growth in the U.S. economy. While many predicted a recession in 2023, Dr. David Altig, Executive Vice President and Director of Research for the Federal Reserve Bank of Atlanta, said there’s currently little evidence to support that prediction. Yesterday, Altig served as the keynote speaker for Augusta Technical College’s third annual Mid-Year Economic Outlook. “The U.S. economy is much stronger than we predicted, and

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Josh Heath June 28, 2023 No Comments
ABD Extra

Simon Says: Where do the numbers stand on income inequality?

Income inequality in the U.S. has been rising since 1980. However, the latest data for 2020 show a steep decline as shown in the chart below. The Gini index for the U.S. fell from 41.5 in 2019 to 39.7 in 2020. A value of 0 implies perfect equality and 100 implies perfect inequality. The decline probably represents the Covid checks and other support sent out by the federal government in 2020. Locally, county Gini estimates for 2021 show higher inequality. Columbia County had a Gini index of 41.9 and Richmond

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Dr. Simon Medcalfe June 26, 2023 No Comments
ABD Extra

Economic Update: Are you hungry?

We’ve got stories that will work up an appetite! Coach Dave Holdeman from The Alternative Board of the CSRA and Augusta Business Daily publisher, Neil Gordon talk about local entrepreneurs treading a path in the food business. Get to know the details on all that and more in this week’s economic update.

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Neil Gordon with Dave Holdeman June 26, 2023 No Comments
B2B Podcasting

Davis Beman: What changes have businesses experienced since the pandemic?

As we know, the world has changed since the start of the decade. We take a look back at the economic panel discussion from ABD’s Conference and Expo in May as Davis Beman, principal of Beman Real Estate Company, responds to a question about how businesses should pivot and remain true to core values following the pandemic.

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Davis Beman June 22, 2023 No Comments
ABD Extra

Davis Beman: How do businesses cope with inflation?

Focus on what you do best! We take a look back at the economic panel discussion from ABD’s Conference and Expo in May. Davis Beman, principal of Beman Real Estate Company, speaks about the importance of maintaining great relationships and confidence as businesses face high interest rates.

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Davis Beman June 21, 2023 No Comments
B2B Stories

Cyber attack hits millions including the CSRA

A sprawling cyber attack late last week compromised data for millions of people including state and federal agencies. On the list of those hacked was the Department of Energy. The Savannah River National Laboratory is under the DoE umbrella. The University of Georgia was also impacted by the breach. How many of you have kids that attend UGA or donate to the University? What does this mean for us and what is the potential impact? How does Fort Gordon’s Cyber Security Center fit into the mix? ABD turned to our

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Mitzi Oxford June 21, 2023 No Comments
B2B Stories

Augusta’s all grown up like me!

In July 2001, I packed my Pontiac Sunfire coupe full of clothes and a few furnishings and shipped it from my hometown just north of Chicago to my new home in Augusta. My license plate at the time read “IBDRMN5” (shorthand for “Ibdrummin” because of my love for all things percussion) but one of my new colleagues read it as “I be dorming” because it looked like I’d packed my entire college dorm into the car. A few months earlier, I graduated from journalism school and was about to embark

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Mike Petchenik June 20, 2023 No Comments
B2B Stories

Funding for new and existing small businesses

If you are an entrepreneur just starting a business or if you already have a small business, the City of Augusta Business Equity Fund (CABE Fund), administered by the Greater Augusta Black Chamber Foundation, may be able to help you. The GABC is hosting an orientation session this week. It provides funding for small businesses and social enterprises in the Greater Augusta Area that are seeking economic relief due to the lingering impacts of the Covid-19 Pandemic. Specifically, this program assists small businesses with less than 10 employees by providing

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Staff Report June 19, 2023 No Comments
ABD Extra

Simon Says: A look at pay data in local counties

The Bureau of Labor Statistics (BLS) just released annual pay data for 2022 for all counties in the U.S. Locally, Burke County has the highest annual pay at $98,427, followed by Aiken County at $48,118. The BLS has not yet provided a breakdown of the average annual pay by industry, but it is likely that these high county averages represent engineers at Plant Vogtle and Savannah River Site. The more rural counties of Lincoln and Edgefield saw the largest percentage change in average annual income between 2021 and 2022, with

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Dr. Simon Medcalfe June 19, 2023 No Comments
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