Financial/Investing

Things could get brighter in Augusta, but with the result of increased costs for area businesses. The city plans to expand street lights on various streets and neighborhoods. It will use $1.5 million of the $6 million Rescue Act Funds it received to cover the shortfall of the project. But that won’t cover the ongoing expense of keeping those lights glowing. To cover the increase in the city’s power bill, the city proposed hiking the business tax rate to $175, a 63.5 percent raise of $68. Residential rates would rise

Like many businesses across the country, Augusta-area businesses are frustrated with the problems in the supply chain. Unfortunately, it looks as that will continue into the near future as bottlenecks continue to form in many ports, including those in Charleston, S.C., and Savannah, two ports that service Augusta. Last week, the Port of Charleston, the nation’s ninth-busiest port, said that it had a record 30 ships anchored, waiting to enter and be offloaded. The average wait time for each ship is now more than a week. The Port of Savannah,

Destination Augusta, along with the Augusta Sports Council, are responsible for bringing many events to the CSRA each year. Augusta has become a popular destination for large events, such as meetings, conferences, and athletic competitions. These events are expected to add about $4 million to the local economy in just the first three months of 2022, according to a news release from Destination Augusta and the Augusta Sports Council. The events, which bring thousands to the city each year, help to generate revenue for local businesses, such as restaurants and

Editor’s Note: Starting a business is often a challenging process that requires careful planning and rigorous attention to detail. To launch a successful business, one must have a solid plan. Local business attorney J. Brian King, shares how he helps his clients develop solid business plans and build successful businesses. Over the last 20 years, I have helped many clients form companies and start their businesses. When I meet with potential clients who aspire to become business owners, I begin by discussing their ideas and goals. Some want to launch

The state of your company’s cash flow is among the most significant metrics that every CEO or business owner in the CSRA should track. So, as Wells Fargo notes. “A consistent, positive cash flow can help you pay expenses, invest in new opportunities, and grow your business.” As business agendas go for 2022, you can’t do much better than that. With an assist from some of my TAB colleagues, here are some key tips to help boost your company’s cash flow in 2022. Look at where your finances are today.