B2B Stories

B2B Stories

Falling gas prices offer some relief, but trucking companies struggle with cost of diesel

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

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B2B Stories

Despite hike in interest rates, local leaders optimistic about Augusta’s 4th quarter economy

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

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Nonprofit leaders discuss challenges and opportunities for local businesses

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

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Two new buildings will help pet boarding service house more dogs and cats

Construction is underway at Paws in Paradise to keep up with the growing demand for pet grooming and boarding in Columbia County. Paws in Paradise Luxury Resort and Spa, 4319 Evans to Locks Road, Evans, is adding two new buildings next to its current facility. Anne Dysinger, the business’s owner, said between the two buildings, they will have an additional 170 rooms. That will give cats their own soundproof room that’s completely separated from dogs. Construction began in early June and is expected to be completed by March 1. “We’ll

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Simon Says: Labor markets in Georgia, Augusta remain strong

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

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Ethics lecture series will examine building trust in leadership

Few things determine the success of a business, or any organization, like good leadership. How to create leadership that can be trusted will be the topic of the next Russell A. Blanchard Distinguished Lecture Series in Ethics at Augusta University on Thursday. Retired U.S. Army Lt. Gen. Leslie C. Smith, vice president for leadership and education for the Association of the U.S. Army, will present “Why Leadership Matters: Building Trust in Organizations” at 6 p.m. Sept. 22 in the Dr. Roscoe Williams Ballroom in the Jaguar Student Activities Center on

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IT experts discuss how cybercrime affects small businesses

You may remember the Target data breach in 2013 when cybercriminals accessed the credit card information of millions of its shoppers. Many small business owners think these crimes only affect large corporations, but they could just as easily affect local mom-and-pop shops, according to Chris Hurley. Hurley, Vice President of IntelliSystems, a local IT company, was one of three speakers at this month’s Augusta Metro Chamber of Commerce Third Thursday Business Builder on Sept. 15. He and IntelliSystems President and CEO, Kevin Wade and Risk Advisor, Steve Munn with MAI

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Mondays with Rick: The disconnect between the economy and the markets

  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

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