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B2B Stories

New Company on the Horizon Invests in Business Community

More than a year before it is expected to be operational, a new tenant in the Augusta Corporate Park is joining the business community. PureCycle Technologies, Inc., a Florida-based company that converts #5 plastic waste to a renewable resource, broke ground in March 2022 on a $250 million facility in the park off Mike Padgett Highway. “They are grading the site. They started two weeks ago,” Cal Wray, President of the Augusta Economic Development Authority (AEDA), updated ABD. “They started the week before Thanksgiving, so they were finally grading the

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Consumer Stories

Holidays take flight and a VIP landing at AGS

Before too long, the hustle of getting home for the holidays will make for busy days at Augusta Regional Airport. Lauren Smith, Assistant Director of Marketing & Public Relations, told ABD there are a few things travelers should keep in mind. First, get to the airport early enough to find a parking space. “We have, I guess, approached our capacity at times. So please give yourself enough time to find parking. We understand it is a challenge right now, and we are working on a parking lot expansion project that

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B2B Stories

How North Augusta fared and looking ahead

The economic news is mixed in Aiken County for 2025. The North Augusta Chamber of Commerce wrapped up its 2024 Power Lunch series with the annual economic report. Dr. Nancy Albers, Dean of the School of Business Administration, was the keynote speaker. Albers spoke specifically about where Aiken County stands and where it may be headed. While versed in reviewing economic analysis, Albers said she is not an economic analyst. So, she turned to Dr. Fadi Fawaz, an Associate Professor of Economics and Finance at Tennessee State University. “For his

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B2B Stories

Advice from Georgia’s insurance commissioner

Keith Perret (dressed in State Farm red) and others affected by Hurricane Helene got an interesting status update over breakfast from Georgia’s Insurance Commissioner. The Augusta Metro Chamber of Commerce held its annual legislative breakfast, an opportunity to talk with the members of the local delegation prior to the 2025 Legislative Session. The man leading the state agency on the front line of helping storm victims receiving fair compensation was guest speaker for the event. John King told ABD he realized metro Augusta is facing a long road to recovery.

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B2B Stories

The Walls are Tumbling Down at JBA

The Augusta-Richmond County Coliseum Authority is settling into a new location for its meetings, the Grand Lobby at the newly renovated Bell Auditorium. The location gives authority members and staff a front-row seat to watch the demolition of the James Brown Arena. Well, you can see a building torn down right now. The insides don’t look like what I thought they were going to look like,” quipped Mike Harvey of Nations Group, the owner’s representative for the construction of the new JBA and concourse connecting it to the Bell. He

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Consumer Stories

Hospital Construction Passes the Halfway Point

Construction on Columbia County’s first-ever hospital is slightly ahead of schedule, despite some problems in the wake of Hurricane Helene. The ground was broken for the hospital, being built on the Gateway to Grovetown, exit 190 off Interstate 20, in April of this year. Construction crews “topped out” the hospital, that is they reached the top of the structure, in June. Construction includes a separate building providing space for medical offices beside the main hospital. It was topped off in July. “So, since the summer, we’ve really been working on

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B2B Stories

Simon Says: Helene provides employment spike

Last week I gave my annual economic forecast, and for those unable to attend, here are the highlights. In the first part, I analyzed the impact of Hurricane Helene on the labor market. Augusta recorded a record level of employment in October, the month after Helene hit. Employment rose by 100 to 248,000. Four Metropolitan Statistical Areas (MSAs) were hit by Helene (Augusta, Hinesville, Savannah, and Valdosta), and employment in those MSAs rose by 175 on average. Employment in MSAs totally unaffected by Helene fell to 88. Additionally, earnings in

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Awards

Honoring large and small businesses in Augusta

From one of the smallest to one of the largest, the Augusta Metro Chamber of Commerce announced its Best in Business 2024 honorees. The annual tradition, held during the Chamber’s final Member Economic Luncheon, pays tribute to Augusta’s Entrepreneur and the Corporation of the Year. Laziza Mediterranean Grill was named Augusta’s Entrepreneur for 2024, and Georgia Power as the 2024 Corporation of the Year. In announcing Laziza owners, Nader (photo right) & Lisa Khatib as the entrepreneur winner, Jay Forrester, Division President of SouthState Bank, said the couple embodies the

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B2B Stories

Augusta’s overall economy in good shape, despite Hurricane Helene

The state of Metro Augusta’s economy is good. That was the overarching message at the annual economic briefing sponsored by Augusta University. Led by Dr. Mark Thompson, Dean of the Hull College of Business, and Dr. Simon Medcalfe, Professor with the Hull College of Business and an ABD contributor, the report is a year-end tradition. “It’s an opportunity to really bring the business community together with the academic community to provide insights on what’s going on in the local economy,” Thompson explained for ABD. “It’s networking but it’s also an

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B2B Stories

Record-breaking holiday spending expected

The just-wrapped-up five-day holiday shopping kickoff over Thanksgiving shows promise for the rest of the period. The National Retail Federation (NRF) reported an estimated 197 million shoppers participated in the traditional start of the holiday shopping season. That surpasses the prediction of 183.4 million shoppers. The full holiday shopping season is Nov. 1 through Dec. 31. The findings were in a survey conducted for NRF by Prosper Insights and Analytics. ABD joined a virtual briefing NRF and Prosper Insights organized for news reporters. “Thanksgiving is a single five-day shopping period

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