Economics

B2B Stories

AU adds more than $1.6 billion to Georgia economy

The growth of Augusta University has made an impact that goes well beyond the River Region. With a growing statewide network that includes regional and clinical campuses for the Medical College of Georgia at Augusta University and the Dental College of Georgia, as well as clinical sites and research projects that serve the state’s 159 counties, it’s easy to see how AU continues to provide value, including economic value, to the city, state and region. During fiscal year 2024, which ran from July 1, 2023, to June 30, 2024, Augusta University provided a

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Updates on CSRA building, unemployment, and inflation

The Augusta Leading Economics Index (LEI) fell 1.1 percent in June from May. It remains 0.3 percent higher than June 2024. Declines were seen in all components except the Dow Jones Industrial Average. Residential building permits fell from 306 in May to 291 in June. Initial claims for unemployment insurance increased from 684 in May to 879 in June. The inflation rate in the South Census region increased to 2.3 percent, up from 2.0 percent in May and 1.9 percent in March. Job openings in Georgia declined from 328,000 in

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Augusta leaders trending in Georgia

What do Augusta Mayor Garnett Johnson, Augusta Metro Chamber President and CEO Angie Cox, Greater Augusta Black Chamber President and Cofounder Ronic West, and Downtown Development Authority Director Margaret Woodard have in common? Each has helped carve a path for economic development in the CSRA, and their efforts are highlighted in the August edition of Georgia Trend magazine. Some of the articles focused on the region’s response to the devastation from Hurricane Helene, lost lives, and the millions of dollars in cleanup. Mayor Johnson and Augusta Metro Chamber’s Angie Cox

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Update on CSRA multi-million-dollar investment

With an $800 million investment in Aiken, Meta is set to spark innovation throughout the CSRA. Next week, you’ll be able to get an update on exactly what that might mean for your business during the Aiken Chamber of Commerce’s State of Our Community event. Laura Warren, Meta’s Community Development Regional Manager, will be the keynote speaker for the Chamber event on Wednesday, August 20, from 4:00 pm to 6:00 pm at Aiken High’s new Performing Arts Center, 449 Rutland Drive. Meta is the parent company of Facebook, Instagram, Threads,

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Multi-million-dollar expansion “connects” CSRA county

Comcast has completed a high-speed broadband expansion in McDuffie County, Georgia, as part of its $1 billion Project UP initiative. The expansion brings multi-gigabit Internet speeds with 99.9% reliability, supporting economic growth and connectivity needs for businesses and residents. The expansion delivers high-speed Internet, mobile, and security services from Xfinity and Comcast Business. The investment is helping to close the digital divide in areas that previously may not have had access. “Reliable Internet access is no longer a luxury; it’s a necessity for families, businesses, and communities to grow,” said County Chairman Chase

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Simon Says: More local government jobs in June

In June, several sectors in Augusta saw some big changes – the largest being government employment, which increased by 770. State employment accounting for about a third of the increase, and local government employment accounting for the other two-thirds. Federal government was unchanged. However, state and local employment were two sectors that saw big revisions at the national level, so these local numbers could eventually come in lower. The Augusta Metropolitan Statistical Area (MSA) employment level remained unchanged in June at 248,100. As you will no doubt of heard from

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Powering up for Georgia growth

Georgia Power has requested certification from the Georgia Public Service Commission (PSC) of new resources totaling approximately 9,900 megawatts (MW) to meet the energy needs of a growing Georgia. Some will be located in the CSRA. The majority of resources – approximately 8,000 MW – submitted to the Georgia PSC were chosen from bids submitted in an “all-source” request for proposals (RFP). The request includes power purchase agreements (PPAs) from existing resources, as well as new company-owned natural gas generation, battery energy storage systems (BESS), and BESS plus solar identified

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U.S. Secretary of Energy on hand for opening of AMC

The latest feather in the cap for USC Aiken opens this morning, and U.S. Secretary of Energy Chris Wright will join Savannah River National Laboratory leadership and partners for a ribbon-cutting ceremony. The Advanced Manufacturing Collaborative (AMC), located on the campus of the University of South Carolina-Aiken, will provide a platform for public-private partnerships to improve advanced manufacturing in areas such as additive manufacturing, AI-driven automation, energy resilience, and nuclear applications. This facility will be a catalyst for regional economic and technological growth, while supporting partnerships and technology commercialization. “The

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SRNS continues workforce development initiatives

Savannah River Nuclear Solutions (SRNS) continues to advance innovation and strengthen research partnerships that deliver solutions for the Department of Energy’s (DOE) critical missions. SRNS recently invited two representatives from Florida International University (FIU) Applied Research Center (ARC) to visit the Savannah River Site (SRS). The collaboration was formalized with the signing of a memorandum of understanding (MOU) in 2025, with a shared goal of identifying pathways, increasing the number of interns transitioning into full-service positions, strengthening technical capabilities, and raising ARC’s visibility. “One of our primary goals is to

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Government Contracting 101

By actively engaging with the government contracting process, businesses in the CSRA can tap into a valuable source of revenue and contribute to economic growth. If the task seems daunting, help is on the way. The government is the largest customer in the country, generating more than $400 billion in goods and services, and more than $100 billion in contracts are awarded to small businesses. Is your business ready to reap those rewards? Tomorrow, Thursday, August 7, from noon until 1:00 pm, Piedmont SCORE will host a webinar on Government

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