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B2B Stories
B2B Stories

Multi-million dollar sale of major Augusta manufacturer

Clearwater Paper Corporation will acquire Graphic Packaging, a bleached paperboard manufacturing facility, for $700 million based on adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of approximately $100 million. Cal Wray, President of the Augusta Economic Development Authority (AEDA), told ABD he has spoken with Graphic Packaging about the transaction. “The facility in Augusta fits into the portfolio of Clearwater much better, which should mean longer-term access to growth for the Augusta facility because it’s a better fit within Clearwater,” he said. “Bleached paperboard plays a major role in sustainable

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Dana Lynn McIntyre February 29, 2024 No Comments
B2B Podcasting

One step closer to reality

Concerts and more are expected to pump up the CSRA economy, as a new James Brown Arena is under construction. Mike Petchenik has more on the potential impact in today’s Biz Bits.

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Mike Petchenik February 29, 2024 No Comments
B2B Stories

Augusta sees Black History Month tourism boost

Today may be the last day of the month of Black History Month and a special Electric Vehicle promotion—but Destination Augusta CEO and President, Bennish Brown thinks the AAA travel troupe saved the best for last! At a news conference at the Augusta Tourism Center’s headquarters, Brown, representatives from the Augusta mayor’s office and the Lucy Craft Laney Museum shared with the AAA how important this unique program is. “AAA is a brand that shouts reliability and they know how to partner with businesses to save money on goods and

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Neil Gordon February 28, 2024 No Comments
B2B Podcasting

Celebrating the big 50!

Make no mistake, 50 years in business means that a company has generated customer respect and loyalty. It also means they have embraced support for helping the community. Mike Petchenik has the rest of the story in today’s Biz Bits.

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Mike Petchenik February 28, 2024 No Comments
B2B Stories

Spring Training and Masters Practice Round: Getting Ready for the Show

During the next two weekends, my wife and I will be traveling to Hilton Head and Jekyll Island, respectively. We often travel to Hilton Head in its “off-season” for a long weekend change of scenery with walks on the beach and general relaxation. We find late February is a good time to go as the chance of warmer weather becomes more likely. While our trip to Jekyll Island is as much business (board retreat) as pleasure, we are excited about the prospect of a more beach atmosphere before the peak

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Dr. Rick Franza February 27, 2024 No Comments
B2B Stories

New business opportunity in the heart of downtown

Mixed-use buildings are experiencing a surge in popularity. This trend reflects a departure from traditional single-use buildings, as developers and investors increasingly recognize the benefits of blending residential, office, and retail spaces within one structure. There is a new building available in Downtown Augusta with available office space. As ABD continues to report on new faces and places in Downtown Augusta including The Earth Pantry, a grocery store that opened in November at 1026 Broad Street, the heart of the city is painting the picture of a place to work,

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Staff Report February 27, 2024 No Comments
B2B Podcasting

Higher than a kite!

It pumps about a quarter of a million $ into the local economy. Good news is that the Augusta Regional Airshow will be making a return flight. Mike Petchenik has more in today’s Biz Bits.

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Mike Petchenik February 27, 2024 No Comments
B2B Stories

Simon Says: LEI takes a hit…again!

The Augusta Leading Economic Index (LEI) fell 1.1 percent in December 2023 from November 2023. It is 2.5 percent lower than December 2022. The index has fallen 12 percentage points from its all-time peak in June 2022, with data going back to 2007 (see chart below). The major components that caused the monthly decline were residential permits and initial claims for unemployment insurance. Housing permits fell 21 percent in December from November and were 813 lower in 2023 than in 2022. Initial claims for unemployment insurance claims rose 27 percent

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Dr. Simon Medcalfe February 26, 2024 No Comments
B2B Podcasting

Shortage of doctors can impact our local economy

Healthcare providers are significant employers. A shortage of primary care physicians or clinics that provide primary care can have broader economic implications, affecting jobs, local economies, and community well-being. Mike Petchenik has more in today’s Biz Bits.

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Mike Petchenik February 26, 2024 No Comments
B2B Stories

Businesses partner with Augusta Tech’s new program

Augusta Tech is launching a community partnership program with local businesses. The Cougar Community Partners Program kicks off with a webinar on Wednesday, February 28. The program is a perfect fit for Augusta Tech’s cultivating a culture of collaboration with local businesses. The goal is to provide opportunities for businesses to engage with their faculty, staff, and students. If you are a local business interested in joining the Augusta Technical College’s Cougar Community Partners Program, you can register for one of the two sessions below. 10 am session 5 pm

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Staff Report February 26, 2024 No Comments
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