Top Story - Augusta Business Daily

Mon, May 20, 2024

Top Story

B2B Stories

The building blocks to starting a business

When someone wants to start their own business, the first step is the idea. The next step is often “Now what?” The Augusta Metro Chamber of Commerce’s Third Thursday session set out to answer that question. Called “From Concept to Conquest,” it brought together three experts. Michael Newton with Make Start Ups at theClubhou.se, Andrew Garnett from the Greater Aiken Chapter of SCORE (Service Corps of Retired Executives), and Shelby Carl, representing the University of Georgia Small Business Development Center (UGA SBDC) each shared their expertise. As his organization’s name

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B2B Stories

Augusta University President delivers final State of the University address

To paraphrase the university’s slogan, “It was an address like no other.” Dr. Brooks Keel, in a speech marked by humor and poignancy, summed up the past year and then turned to the future. Keel hit all the high points of the past 12 months, beginning with increased budget allocations from the General Assembly for FY25, after a reduction a year earlier. “So, here’s an increase in our FY 25 allocation, just over $10 million in revenue earnings of $13.8 million of new money,” he said, adding that increased enrollment

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B2B Stories

USCA gets financial boost to help cyber students

USCA has received money from a veteran-owned cybersecurity firm that will fund scholarships for students seeking a career in cybersecurity and computer science. SteelGate, LLC, a Virginia-based company with an office in Augusta, has donated $25,000 to USCA. The SteelGate Cyber Scholarships will be used to provide $1,000 scholarships to high school students in the Aiken-Augusta area. “We contacted about 15 to 18 high schools in the region. And there’s a competitive scholarship for each school, one to two scholarships,” Dr. Scott McKay, Dean of Sciences and Engineering, explained for

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Consumer Stories

Big donation from Columbia County merchants supports children in need

The most vulnerable infants at the Children’s Hospital of Georgia (CHOG) in Augusta are benefitting from the 4th Annual Spring Fair in Columbia County, thanks to the fair’s sponsors. The Merchants Association of Columbia County (MACC), a non-profit organization made up of active and retired business owners, presented the hospital with a check for $180,000. “We just want the community to recognize there are needs in our community, and there are associations in the community that want to help. Especially children in need,” said Carol Garner, MACC Charity Committee Chairperson

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B2B Stories

Simon Says: Labor market changes since Covid 19

Last week, I reported that employment in the Augusta Metropolitan Statistical Area has surpassed pre-COVID levels, but what about other labor market indicators? Unemployment in February 2020 was 3.8% and it is currently 3.6%. Unemployment spiked to 10.8% in April 2020, but fell rapidly and has been below 4% since June 2021. The labor force (those employed and unemployed) was 270,353 in February 2020. It fluctuated a lot over the next 12 months before settling into a narrow band either side of 264,000. Although employment has recovered, and unemployment is

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B2B Stories

Final words on 2024 Georgia legislative session

The 2024 session of the Georgia Legislature is in the history book. Gov. Brian Kemp has finished signing or vetoing legislation passed during the session and the postmortems are underway. The Columbia County Chamber of Commerce held its annual post-legislative breakfast on May 9. The keynote speaker was one of the leaders of the Georgia Legislature, House Speaker Jon Burns. Burns touched on some of what he sees as the most important bills passed during the session, most of which the governor has signed. He started with the legislature’s consistency

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B2B Stories

Another manufacturer heading to the CSRA

While Richmond and Columbia counties have been in the economic development spotlight recently, Aiken County is joining in the economic success. Columbia Vehicle Group, an electric vehicle manufacturer based in Reedsburg, Wis., is moving its manufacturing operations to University Parkway in Aiken. The $12.2 million plant will mark the company’s first location in the Palmetto State. It will create 180 new jobs. “We’ve been investing in great communities since 1947 with Aiken being a superb fit for our continued global expansion of the Tomberlin and Columbia brands. It has been

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B2B Stories

Running out of space for new industry?

Friday’s announcement that GF Casting Solutions will build a plant in the Augusta Corporate Park off Mike Padgett Highway creates a problem for the Augusta Economic Development Authority (AEDA). This is an example that not all problems are bad. GF Casting Solutions has contracted for 147 acres. This plant has pushed the park to near capacity. “We have a 40-acre site and a 65-acre site available. Otherwise, the park is completely full,” AEDA President, Cal Wray told ABD. Wray said they are actively looking for new industrial sites. He anticipates

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B2B Stories

Another major international company coming to Augusta

Georgia Gov. Brian Kemp (R) announced GF Casting Solutions AG, a division of Georg Fischer AG, Schaffhausen will build a $148 million plant. The Augusta Corporate Park off Mike Padgett Highway will be the home to the manufacturing company. “Having met the great team at GF Casting Solutions during our recent mission to Switzerland, we could not be more excited to welcome them to the Peach State. Congratulations to Augusta and Richmond County for securing these jobs of the future for Georgians,” Kemp was quoted in the Friday news release

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B2B Stories

Simon Says: Employment levels break near 5-year mark

We have done it! The Augusta Metropolitan Statistical Area (MSA) employment has finally surpassed pre-covid levels. Employment now stands at 247,600, surpassing the pre-covid peak of 246,400. By contrast, the U.S. passed the pre-covid employment level in June 2022 and Georgia did in October 2021. March was a strong month for jobs growth with the U.S. economy adding over 300,000 jobs and the Augusta MSA adding 2,100, the highest monthly increase since August 2020. Pretty much, all the job gains were in professional and business services employment, which increased by

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