Economics

B2B Stories

87th Masters off to a flying start

It’s here! Azaleas are blooming, the course is manicured to a tee, and fans are arriving in droves. Masters Week officially begins today, but visitors started arriving over the weekend for the Augusta National Women’s Amateur and Drive, Chip, and Putt for golf’s future stars. Those events bring golfers and visitors before the tournament, giving Augusta airport the chance to ramp up for the big event. “It’s increased traffic, but kind of like an incremental step,” said Augusta Airport Executive Director, Herbert Judon, Jr. “It’s almost like a practice round

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B2B Stories

National company acquires local restoration business

ATI Restoration, America’s largest family-operated restoration contractor, has announced the buyout of Venturi Restoration with an office in Augusta and in 16 other states. Both companies respond to emergencies including flooding, fires, and other disasters with property reconstruction and remediation for homes and businesses. The acquisition results in ATI, based in Anaheim, California, becoming the fourth-largest non-franchise restoration company by a number of offices in the U.S. Financial terms of the transaction were not disclosed. “This partnership expands the service offering to Venturi customers and provides more growth opportunities to

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B2B Stories

Welcome to Augusta for a city and tournament like no other

Golfers, their families, and fans from across the globe flock to Augusta this weekend for the 87th edition of the Masters Tournament and the first of the men’s four major golf championships held in 2023. It is scheduled to be played from April 6–9 at Augusta National Golf Club. Augusta Regional Airport and Destination Augusta are ready to make a great first impression by creating a welcoming and colorful experience for passengers arriving at the airport. “The arrival experience is so important for setting the right tone of a visit.

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B2B Stories

New amendment caps cost of James Brown Arena construction

Cost overruns on major construction projects are common, but an amendment has been approved to ensure that doesn’t happen in building the new James Brown Arena. The project has an estimated price tag of $240 million and the amendment caps it at $250 million. The project will create an Augusta Entertainment Complex anchored by the new arena and includes major renovations to the Bell Auditorium, currently underway. A concourse will connect the two buildings. The Bill authorizing the construction fund has passed the Georgia Legislature and now awaits Governor Brian

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ABD Extra

Simon Says: Looking at the power of Plant Vogtle

Georgia Power announced on Monday, March 7 that it had begun splitting atoms in reactor 3 at Plant Vogtle. The previous week, my students and I had toured the facility with Mike McCracken, Communications Coordinator for Southern Nuclear Company, to learn more about the economics of nuclear power and what it means to our area. Southern Nuclear announced it would file an Early Site Permit to build Units 3 and 4 at Plant Vogtle in 2005. At the time, the estimated cost was $14 billion. Currently, it is more than

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B2B Stories

Business partnership brings first electric charging stations to the CSRA

The Augusta Regional Airport just celebrated the future of land and air travel by unveiling its new electric vehicle charging stations. AGS is the first airport in the state of Georgia to have these stations. The car charging stations have been added just in time for the 2023 Masters Tournament, when thousands of people from around the world will fly into Augusta. The charging stations were made possible by a partnership between the airport, Georgia Power, BETA Technologies, and the Georgia Department of Transportation. In the future, one of those

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B2B Stories

Local hotel undergoes extensive renovations in time for Masters Week

Major renovations of a local extended-stay hotel will be completed by Masters Week, according to Betty Carter. Carter, General Manager of Candlewood Suites located at 1080 Claussen Road in Augusta, said many parts of the hotel, including the lobby, front desk, guest rooms, fitness center, and gazebo, have been remodeled. “We have a new parking lot, business center, hallway lighting, furniture, kitchen cabinets, and security with door locks and cameras,” she said. The total price tag for these renovations, which began last year, is approximately $1.25 million. Carter said so

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B2B Stories

Is your money safe in CSRA banks?

Government leaders and federal banking regulators urge Americans not to panic after the collapse of two U.S. banks, assuring them their deposits are safe, covered by the FDIC up to $250,000 per account. In general, that covers checking and savings accounts or Certificates of Deposit. The ready cash you have in your bank. Mark Koppelmann, a certified financial planner with FinancialConnex, said the fear has not risen to the level seen during the economic crisis of 2008. For the most part, markets have absorbed the news while continuing to function

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ABD Extra

Simon Says: How are Augusta’s employment numbers in 2023?

The first economic data for 2023 is in, and it isn’t good news for the Augusta Metropolitan Statistical Area (MSA). Employment fell by 2,000 from December to 242,200 which was its lowest level since March 2022. By comparison, employment in the state of Georgia rose by 16,600, and 8,900 in South Carolina. Nationally, the economy added 517,000 jobs in January. Most industries increased employment at the national level, with leisure and hospitality leading the way. Employment in these areas increased by 128,000. Likewise, the Augusta MSA leisure and hospitality jobs

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ABD Extra

Economic Update: A look at the people who make businesses go round

There’s much to be glad about! Dave Holdeman from The Alternative Board of the CSRA and Augusta Business Daily publisher, Neil Gordon discuss the importance of employee morale and what’s coming to the CSRA in this week’s economic update. They discuss what it takes to run a business, as well as what companies can learn from exit interviews.

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