From the notebook of business editor Tim Rausch

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?

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.

 


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