From the notebook of business editor Tim Rausch

The Augusta Economic Leading Index is up

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.


TWEETS: Some of the tweets for the week from @Scuttlebiz:


  • Plans for bids are floating around for the renovation of the Walmart on Deans Bridge Road in Augusta. 
  • Can confirm that there is a sign in front of property on Edgefield Road in North Augusta that says a Walmart Supercenter is coming. 
  • Georgia-Pacific wants to spend $400 million to increase its plywood and lumber capacity by 20 percent in the South.


BRADLEY FIGHTING VEHICLES: BAE Systems got a $16.6 million contract to work on Bradley Fighting Vehicles for the Department of Defense.


Some of that work will be done in Aiken.


The contract calls for converting the M3A3 configuration to the M2A3.


It might be the last Bradley work to be done for a while because the Army’s funding plan calls for the Bradley program to be shut down for at least three years beginning in 2014.


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$80,000 severance for director who quit

Columbia County commissioners voted unanimously to approve more than $80,000 in severance pay to former Community and Leisure Services Director Barry Smith.
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