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B2B Stories

Augustan to lead organization contributing to $44 million arts industry

The nonprofit arts and culture sector is a $44.2 million industry in the Greater Augusta Area—one that supports 1,616 full-time equivalent jobs and generates $3.9 million in local and state government revenue. Whether it’s viewing paintings at Morris Museum of Art or taking in a concert at the Imperial Theatre, it pumps vital revenue into restaurants, hotels, retail stores, and other local businesses. The Augusta Symphony has been an important part of the arts scene for 71 years. They have a new Executive Director, Paige Tom, who is a familiar

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B2B Stories

Out to pasture after running a successful business?

Imagine for a moment that your business contributes more than $70 million to the local economy, not to mention other support businesses that grow and reap the rewards in the entire CSRA. When you are ready to hang up the reins, what happens next? Aiken is horse country, and the real estate investments for horse farms, the events and visitors they attract, the trainers, farriers, veterinarians, and feed suppliers are all part of the economic equation. What happens to the retired thoroughbreds that provided years of excitement for the Aiken

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B2B Stories

Report showcases impact of AI and high tech on job market

The importance of being tech-savvy about cutting-edge technology and artificial intelligence (AI) is the focus of the latest report from the Georgia Chamber Foundation. Titled “Fostering Innovation and Entrepreneurship,” the Q2 report breaks down how the state’s economy will be impacted by AI, new technologies, and STEM (Science, Technology, Engineering, and Math) careers. This is one of the five Prosperity Pillars in the Chamber’s Georgia/2050 strategic plan. The report found that STEM is a significant contribution to the innovation economy. It finds that Georgia has more than 2.1 million STEM

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B2B Stories

$12 million investment in CSRA

A manufacturer of paper towels and toilet paper is set to move into a South Carolina plant once occupied by another manufacturer producing similar products. Barnwell Tissues Solution’s $12 million investment will restore 50 new jobs at 285 Midfield Road in Barnwell. That is the former home of the Cascades Tissue Plant. It’s also good news for Barnwell County, which has struggled with a 4.9% unemployment rate, compared to Aiken County with a 3.8% rate and Edgefield County, which is 3.4%. Cascades used to employ 300 workers. Cascades Tissue Plant

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Closings

Electronics superstore closes after 21 months in CSRA

Apparently, Best Buy is the best choice for electronics customers in Augusta. BrandsMart U.S.A., its across-the-street competitor, is selling off its display items and shutting its doors as soon as next week. It was confirmed by a store manager. The store celebrated its grand opening in October 2023. According to a press release back then, the 40,000-square-foot discount superstore carried thousands of products from brands like Samsung, LG, GE, Whirlpool, and Sony, with an emphasis on having the lowest prices on electronics in the market. It was the first Georgia

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B2B Stories

Clearing begins for North Augusta multipurpose development

Work clearing a wooded section of land between E. Martintown Road and E. Buena Vista Avenue has grown enough to begin attracting attention. The site preparation marks the first tangible progress on a development that initially went before the North Augusta Planning Commission in August 2021 as a sketch plan review. First known as the Mealing tract development, the official name was Bluegrass Place. The 53-acre multipurpose development went before the North Augusta City Council in early 2022 and was approved. Site work began early this year. “Finally, we have

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Consumer Stories

$17 million acquisition marks entry into CSRA real estate market

Arlington, Virginia-based Blackfin Real Estate Investors, LLC has closed on the purchase of Sage Creek Apartments located at 1315 Marks Church Road in West Augusta for $17.3 million. It’s the firm’s first acquisition in Georgia. Built in 2016, Sage Creek offers a fully gated three-story garden-style design with 9’ ceiling heights, modern level finishes, washer/dryer connections, and an above-market amenity package. Blackfin Managing Director of Investments, Matthew Petrillo, stated, “Not only is this a great physical asset on a compelling basis, but Augusta’s diverse economic drivers provide stable job growth

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B2B Stories

Simon Says: Big employment dip

Employment in the Augusta Metropolitan Statistical Area (MSA) fell by 1,200 in May compared to April. There are two reasons for this fall that I can see in the data. First, although the employment data is seasonally adjusted by the Federal Reserve Economic Data team at the St. Louis Fed, the hangover effect of the Masters golf tournament can be seen in the leisure and hospitality and other services sectors. Employment in leisure and hospitality fell by 600, and other services by 1,100. Second, we may be beginning to see

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B2B Stories

Pricey transportation projects underway in the CSRA

The Georgia Department of Transportation (GDOT) has released a report showing the impact the Transportation Investment Act (TIA) has on the CSRA. TIA is a 1% special-purpose tax designed to fund transportation programs in GDOT districts that approved it. In 2012, voters in District 2, which includes the CSRA, were one of only three districts to approve the tax. That 10-year term, now called TIA 1, raised $746.9 million for 84 projects across the district. Kyle Titus, Columbia County Engineering Services Director, told ABD that the TIA funding has been

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B2B Stories

Burke County part of $18 million grant program

The Development Authority of Burke County (DABC) is one of three organizations in the CSRA that will receive funds through the Georgia OneGeorgia Authority’s Rural Site Development Initiative. The program gives rural counties financial support to identify and establish ready-for-development industrial sites. “Georgia offers the workforce, connectivity, and business-friendly environment for companies to be successful in every corner of the state, which is why we’ve been named the top state for business for over a decade,” said Governor Brian Kemp in the news release announcing the grants. “The Rural Site

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