We’ve come a long way since 2020 and Augusta’s doing well. We’re taking a look back at the economic panel discussion from ABD’s Conference and Expo in May, in which Derek May, President of Azalea Investments, speaks about key economic indicators that show how the business world has pulled through.
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
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
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.
At last month’s ABD EXPO, Derek May shared the impressive footprint from Azalea Investments that has created “homes” for some of Augusta’s largest businesses.
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.
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.
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
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
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
