Biz Bits

Impact of events put at $5.3 million


The ESi Ironman 70.3 and other area events are expected to generate more than $5.3 million in direct visitor spending in Sep­tem­ber, according to the Au­gusta Sports Council and the Au­gusta Convention and Vis­i­tors Bureau.

The Ironman is expected to bring 6,000 visitors and $4 million in spending to Augusta on Sept. 28-30.

Other notable events in Sep­tember include the United House of Prayer for All People convention, bringing 3,000 people and $778,316 to Augusta on Sept. 23-30, and Arts in the Heart of Augusta, set for Sept. 14-16, which will bring 100 vendors from out of town that will generate $80,864 in direct visitor spending.

Factory orders up; investment is worry

WASHINGTON — Orders to U.S. companies rose in July, reflecting a surge in demand for autos and commercial aircraft. In a troubling sign of manufacturing weakness, though, a key orders category that tracks business investment plans fell by the largest amount in eight months.

Factory orders rose 2.8 percent, the biggest overall advance in a year, reflecting sizable gains in demand for motor vehicles and airplanes, the Commerce De­part­ment said Friday. But core capital goods orders, viewed as a good proxy for investment spending, plunged 4 percent, the fourth setback in the past five months.

The worry is that businesses have begun to scale back plans to expand and modernize.

– Staff and wire reports