Georgia grants licenses to medical cannabis growers and Ron Howard creates an app to help film production in the state. – Augusta Business Daily Business Update by Mike Petchenik
Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about the attributes of a good employer. The interview has been edited for clarity and impact. ABD: Earlier this month, Forbes magazine named Augusta University and AU Health to its list of America’s Best Employers, the only Augusta-based company to make the list. Among the factors considered were salaries, working conditions, growth potential, and diversity. What puts AU on this list? Rick: Our diversity
Consumers are starting to see a bit of relief at the gas pumps, but businesses that rely heavily on diesel fuel are still scrambling to keep up with increased prices. While gas prices have dropped about 27 percent since their high in mid-June, diesel prices have been reduced by only 10 percent. Diesel fuel prices remain about 50 percent higher than in August 2021. According to the GasBuddy app, which shows current area gas prices, as of Thursday afternoon, prices in Augusta trended at $2.93 per gallon, with a few
Despite the economic challenges this year has presented, James Clayton remains optimistic about the fourth quarter of 2022. Clayton, an insurance agent with New York Life, attended the grand opening celebration of Ameris Bank’s new permanent branch located in Walton’s Corner at 3626 Walton Way Extension in Augusta Wednesday. “You’re seeing new buildings and construction,” he said. “I expect our local economy to outperform the national market; we’re going to be OK.” Ameris Regional President Remer Brinson, who has worked in banking in Augusta for 40 years, agrees. Brinson said
Like most small businesses, inflation and the economy have affected Augusta Gift Baskets, but that hasn’t prevented its owners from supporting local nonprofits, according to Julie Williams. Williams and her husband, Randall, own and operate the custom gift basket business. She said they try to give away eight baskets each month to local charities, such as SafeHomes Domestic Violence Center. “We have had to go up on our prices, but that hasn’t stopped us from giving,” Williams said. She, along with more than 100 local female business leaders, attended this
Last week I reported that the Augusta Labor Market Index (LMI) was up 1.5 percent on an annual basis, but how does this stack up against other metro areas in Georgia? Better than it has in the recent past. The strongest labor markets in Georgia remain Atlanta and Savannah, increasing at 2.8 percent and 2.6 percent, respectively. The LMI for Georgia increased at 2.4 percent from a year ago, the same as in the first quarter of the year. Athens continues to have strong growth. Other metro areas that used
UPS needs seasonal workers but Georgia gets dinged by a think tank for poor working conditions. – Augusta Business Daily Business Update by Mike Petchenik.
Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about the economy and what’s driving the financial markets. The interview has been edited for clarity and impact. ABD: We’re hearing some economic news that usually indicates strength but the financial markets are reacting as if things are bad. What is causing this disconnect? Rick: There are always some differences between the economy and the markets. Part of that is in the economy we
The Augusta Labor Market Index (LMI) increased 0.2 percent in July from June. It now stands 1.5 percent higher than in July 2021. In the last month, improvements were seen in employment, unemployment, earnings and hours worked. Only the labor force declined, by 700 people. The biggest improvement was seen in average weekly wages which increased 9.8 percent from a year earlier, enough to compensate for higher inflation. This is a sharp turnaround from 2021 when earnings were falling in the local area. Workers have been able to demand higher
Georgia ranks high in places to do business and a big roofing company opens a plant in Valdosta. – Augusta Business Daily Business Update by Mike Petchenik.
