From the notebook of business editor Tim Rausch

By: Tim Rausch on January 30, 2013 - 2:00pm - Add new comment

Does this sound like you? Given the percentage, most of you reading this will say yes.

Georgia is dead last among the states in the overall financial security of its residents. And 56 percent of residents have almost no savings to cover emergencies or save for the future.

By: Tim Rausch on January 17, 2013 - 11:53am - Add new comment

Augusta-based networking and security firm EDTS now has a third office.

This month, the company reported that it opened an office in downtown Columbia so that it serve a growing number of clients in that part of South Carolina. It had an office in Greenville, S.C., for years. The new office is three blocks away from the state Capitol.

By: Tim Rausch on January 9, 2013 - 5:38pm - Add new comment

An iconic downtown Augusta restaurant building could be the location for an expansion of the culinary arts program for Augusta Technical College.

 

Local businessman and entrepreneur Peter Knox IV donated the D. Timm building, 548 Ellis St., to the Augusta Technical College Foundation.

 

This is the building with the big blue horse. As a matter of fact, the last restaurant that operated in the building was called Blue Horse Bistro & Jazz Club. It closed in August 2011 after being in business less than a year.

 

By: Tim Rausch on December 26, 2012 - 10:54am - Add new comment

As one of the busiest travel times of the year just concluded, I stumbled upon an interesting study involving air travel that included the Augusta Regional Airport.

 

By being on its e-mail list for MetroMonitor and other economic analysis, the Brookings Institution sent over a study on international air travel. In eight years, Augusta had a 30 percent increase in the number of travelers headed for other countries.

 

In 2003, there were 22,625 passengers that started their international travel in Augusta. That jumped to 29,412 in 2011.

 

By: Tim Rausch on December 19, 2012 - 2:41pm - Add new comment

The largest manufacturing employer in the area, Kimberly-Clark, is spending $5 million to add onto a warehouse in Beech Island.

 

The addition was found among the commercial building permits filed with Aiken County.

 

It is going to be used for storage of production materials, a corporate spokeswoman said.

 

Throughout this year, Beech Island has been investing in equipment and increasing productivity, so this extra capacity is needed. But it doesn’t mean new jobs.

 

By: Tim Rausch on December 12, 2012 - 4:17pm - Add new comment

Remember back. Did you feel richer last year?

 

The number crunchers in the nation’s capital says people in metro Augusta earned more money in 2011 than 2010 – $1,400 more.

 

This is from the Bureau of Economic Analysis. (And, yes, they just got around to releasing the 2011 data for personal incomes.)

 

Per capita personal income for 2011 in metro Augusta was $34,640, based on the metro population of 561,850 people. Nationally, personal income rose in all of the nation’s 366 metropolitan statistical areas for the first time since 2007.

By: Tim Rausch on November 29, 2012 - 11:41am - Add new comment

One of the largest logistics centers in Augusta is off the market.

 

Scott Atkins, vice president of Meybohm Commercial Properties, was involved in the sale of the old Bill’s Dollar Store distribution center across from Augusta Regional Airport.

 

RBW Logistics, based in Augusta and one of the largest logistics firms in the state, bought the 400,000 square foot building. (That’s 10 acres under roof.)

 

Atkins, who represents the seller, said RBW has been one of the main tenants in the building over the years.

 

By: Tim Rausch on November 22, 2012 - 3:30pm - Add new comment

There’s an update for the Basel III rules that have small, local banks concerned.
The new international standards won’t go into effect on Jan. 1 as initially thought.
David Oliver with the Georgia Bankers Association says the implementation has been delayed so the Federal Reserve and other banking authorities can more thoroughly study the thousands of comments against the standards.

By: Tim Rausch on November 16, 2012 - 1:09pm - Add new comment

Cudos! has a new division and has gotten bigger. The west Augusta-based gift, floral and recognition company has combined with the Augusta promotional products company Dan Cook Associates, which allows for the new division called Cudos4u Awards and Promotions.

By: Tim Rausch on November 9, 2012 - 1:07pm - Add new comment

Quarterly earnings season is winding down. Lots of profits were reported over the past few weeks.

So how did the companies that have a presence in the metro area fare on the stock market for the past three months?


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