From the notebook of business editor Tim Rausch

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?

By: Tim Rausch on November 1, 2012 - 4:49pm - Add new comment

Augusta information technology firm IntelliSystems is opening a new office in Aiken this month, and another in downtown Columbia in January.

 

Kevin Wade started the business in 1993 and it has been a downtown Augusta denizen. It is about to establish a place in downtown Aiken too – in The Alley.

 

The slicing of the ceremonial ribbon is Nov. 14. The Columbia office expansion will be at the Atrium on Stoneridge Drive near Riverbanks Zoo.

 

IntelliSystems has 11 employees now and will be adding staff for each of the two new locations.

By: Tim Rausch on October 26, 2012 - 12:55pm - Add new comment

Walking through the Bi-Lo in Daniel Village shopping center, you can still experience that new-wood smell from the renovation.

By: Tim Rausch on October 11, 2012 - 12:55pm - Add new comment

It’s been decades since a locally-owned bank has been the market share leader. That moment is again growing nearer.

 

This week, the Federal Deposit Insurance Corp. released its annual tally of deposits in the Augusta metro area. In the 20 banks that serve the region, there is $7.45 billion deposited in them.

 

The market share leader is still Wells Fargo, which was Wachovia here for years, which has 20.9 percent of all the money.

 

By: Tim Rausch on October 2, 2012 - 2:38pm - Add new comment

The site plan for the new Walmart is still pending with the city.

 

According to Augusta’s planning and zoning department, there are still some entities that need to sign off on the plans, like trees and the traffic engineer, but the city engineer and utilities think it is fine.

 

Walmart is building a new store at 3336 Wrightsboro Road. That’s the Forest Hills shopping center, where New Life Christian Center is set up.

 

By: Tim Rausch on September 26, 2012 - 12:57pm - Add new comment

The economic development deal of the year for Augusta was named a deal of the year by the Georgia Economic Developers Association.

 

Starbucks earned the “hats off to you” honor from the state association.

 

Augusta got the award in the large community division. The association also handed out honors for regional development projects and smaller communities.

 

By: Tim Rausch on September 18, 2012 - 12:00pm - Add new comment

Held back by the job market. That’s what the latest MetroMonitor shows.

 

Augusta was once king of the MetroMonitor, a quarterly economic analysis by the Brookings Institution. While the Great Recession was making metro areas like Las Vegas look like scorched earth, Augusta was floating high on the list of cities that were resilient. Then the recovery caught up to the previously ravaged cities, which now have more cylinders firing, and Augusta’s slow and steady pace has put it on the bottom of the economic measure for the biggest 100 cities in the U.S.

 

By: Tim Rausch on September 13, 2012 - 11:58am - Add new comment

For all the years of double-digit passenger growth at Augusta Regional Airport, it seems that this year it has found its pace.

 

Traffic for the first six months of 2012 is about even with the first six months of 2011.

 

Show me the numbers: In 2011, there were 273,396 passengers for January through June. In 2012, there were 273,116.

 

There would have been more had American Eagle not pulled out. It was doing about 4,500 passengers per month.

 

By: Tim Rausch on September 6, 2012 - 1:03pm - Add new comment

The Hull College of Business at Augusta State University turned in its economic commentary on the first half of the year.

 

The unemployment rate is high and so are consumer prices, but there are a few bright spots with more building permits and fewer people joining the unemployment line.

The leading economic indicacators index at ASU increased slightly – 0.6 percent – over the course of the six months.

 

 

By: Tim Rausch on August 30, 2012 - 9:55am - Add new comment

The South Carolina Chamber of Commerce thinks the Cytec Industries plant in North Augusta is a swell place.

 

Cytec is the Small Manufacturer of the Year, announced Wednesday by the state chamber.

 

Cytec makes chemicals and materials that end up in adhesives, paints, inks, plastics and other industrial coatings.

 

The Medium Manufactrurer of the Year is one county over, Holcim Inc., located in Orangeburg. They make more cement than anyone in the state.


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