From the notebook of business editor Tim Rausch

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.

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.

 


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