Economy
Augusta is a regional center of medicine, biotechnology, and military. Georgia Health Sciences University, the state's only public health sciences graduate university, employs over 7,000 people. Along with University Hospital, the Medical District of Augusta employs over 25,000 people and has an economic impact of over $1.8 billion.
Along with Georgia Health Sciences University, the city's three largest employers include the Savannah River Site (a Department of Energy nuclear facility) and the U.S. Army Signal Center at Fort Gordon. Despite layoffs from several companies during the U.S. economic recession and a relatively high state unemployment rate, the Augusta Community has experienced a decrease in bankruptcy filings and saw a slight decrease in the unemployment rate from late 2009 to March 2011. However, these unemployment numbers are misleading as Spring brings lower unemployment rates due to the Augusta Masters. While unemployment fell to a two year low of 8.3% in April 2011, unemployment rates have since risen back to 9.9% as of July 2011.
Companies that have facilities, headquarters or distribution centers in Augusta include CareSouth, T-Mobile, Solo Cup Company, Automatic Data Processing, International Paper, NutraSweet, Teleperformance, Sitel Corporation, E-Z-GO, Elanco, Club Car (Worldwide Headquarters), John Deere, Procter & Gamble, Kellogg's and Delta Air Lines baggage call center.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)