From the notebook of business editor Tim Rausch

By: Tim Rausch on March 29, 2013 - 1:46pm - Add new comment

The local economic index is up.

 

The Augusta Economic Leading Index is run by Georgia Regents University Hull College of Business. It combines local, regional and national economic data to indicate future growth or decline.

 

The latest index, released Monday, deals with January. The index increased 1.7 percent from December. It also happens to be up 5.4 percent from January 2012.

 

The business college writes that it thinks this is a solid start to the year.

 

By: Tim Rausch on March 22, 2013 - 10:50am - Add new comment

Help Wanted: There are going to be 2,500 job openings in Aiken County. And there might be no one to fill them.

 

On Friday morning, the Economic Development Partnership released the results of a workforce study at a summit designed to correct the coming problems.

 

There was a silver lining in the Great Recession. It delayed retirements. Well, those retirements are coming.

 

There are 6,400 workers age 55 and older who will retire between now and 2017. There are only 3,900 people between the ages of 15 and 19 to replace them.

By: Tim Rausch on March 14, 2013 - 9:37am - Add new comment

Home2 Suites by Hilton, located in Augusta Exchange near the Savannah River Banking Co. building, is finished and open.

 

The four-story, 123-suite hotel is the second one of that brand in Georgia. Its focus is on business travelers and extended-stay guests, which is why it has a laundry and fitness area in addition to the standard hotel amenities.

 

Hilton says there are 70 Home2 Suites being developed across the country.

 

TWEETS FROM @SCUTTLEBIZ FOR THE WEEK:

 

By: Tim Rausch on March 13, 2013 - 6:24pm - Add new comment

A few people have noticed a lot of trees being cleared off land on Peach Orchard Road.

 

A 252-unit apartment complex is being built there on 25 acres.

 

There are site plans filed with the city for Augusta Place Apartments at 3731 Peach Orchard Road, which is south of Tobacco Road.

 

That address once belonged to Classic Printing.

 

The complex owner, East Lansing, Mich.-based Augusta Place Apartments LLC, was formed in September, according to its filing with the Secretary of State.

By: Tim Rausch on March 7, 2013 - 11:27am - Add new comment

The big tally of the economic power of the Augusta metro area was almost $20 billion in 2011.
Gross domestic product in the Augusta area grew to $19.9 billion in 2011, up from $19.1 billion in 2010, placing Augusta 108th among metro areas in the country.
Yes, 2011 is the latest number that federal statisticians have got and they just released it.
Augusta was producing $18.2 billion in goods and services in 2008, says the U.S. Bureau of Economic Analysis.

By: Tim Rausch on February 27, 2013 - 2:02pm - Add new comment

A company that does a lot of work for Augusta’s industrial base will also be working over at the new Caterpillar plant, which is under construction near Athens.

 

GreenWood is an industrial general contractor that provides operations and maintenance support for manufacturing companies in Augusta and elsewhere in the South.

 

They currently provide services for Solvay, NutraSweet, Elanco, International Flavors & Fragrances, Standard Aero, General Chemical and Olin.

 

By: Tim Rausch on February 21, 2013 - 3:26pm - Add new comment

Ah, another take on the fact that the cost of living is affordable in the Augusta area.

 

U.S. News & World Report, which makes a good living off its college rankings, has ranked metro areas on its affordability for retirees. And Augusta is among the top of that list.

 

The premise, if you’ve got $40,000 annually to cover living expenses, where would you be able to pull it off? Certainly not Honolulu.

 

By: Tim Rausch on February 21, 2013 - 1:33pm - Add new comment

The chief executives for most of the Goodwill Industries territories – there are 180 of them – will be in Augusta from Sunday through Tuesday for an annual meeting.

 

So, while the bridal show is happening in the newly completed Augusta Convention Center, the adjacent conference center in the Marriott will be filled with 250 executives and family members.

 

By: Tim Rausch on February 15, 2013 - 5:54am - Add new comment

CSRA Senior Living Inc. received two approvals that will allow it to build a $35 million retirement campus in Aiken.

After three years of working on the facility, the company got state approval of its certificate of need and tax-exempt bond financing.

By: Tim Rausch on February 8, 2013 - 11:52am - Add new comment

Those in charge of filling up the new Augusta Convention Center have locked in 20 events so far, and the tourism impact is about $12 million. Most of those – 17 conventions – happen this year. And there’s seven more in the tentative booking stage.


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