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Business Buzzzzzzzz

Sept 26 - Savannah Area Business Buzzzzzzzz

Category: Business Buzzzzzzzz

Sept 26, 2011 – Savannah Area Business Buzzzzzzzz


SCAD has landed more big fish for its annual Film Festival, which continues to grow in national prominence. Oliver Stone, Lily Tomlin, James Marsden and Ellen Barkin will be honored at the 14th Annual Savannah Film Festival from Oct. 29 to Nov. 5. Other special guests confirmed to date include Alec Baldwin, James Toback, Universal Pictures President Ron Meyer and actress Famke Janssen of “X-Men” fame. Tickets on sale Oct. 3.

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It’s official, the development of a new, more modern distribution facility in North Carolina by Citi Trends, and the shuttering of its orginal distribution facility in Savannah off of Fahm Street, is going to cost 40 jobs in Savannah. The company issued a press release last week that provided an update on the impact of its decision announced during the summer.  

Headquartered in Savannah, the company has seen record growth in retail stores over the past five years, with more growth ahead, but decided to redistribute to its Southern stores out of NC, versus Georgia. The company’s headquarters and staff will remain in Savannah.

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The Tanger Factory Outlet Centers, Inc. (NYSE:SKT), which just spent a fortune updating its shopping facility next to the Hilton Head bridge, has announced that its annual Tanger PinkSTYLE campaign is now in full swing. Shoppers can purchase ‘Pink Cards’ for $1.00 each and ‘Powerful Pink Cards’ for $5.00 each now through Tues., Oct. 25.

The Pink Card provides Tanger customers with a 25% discount on a single item at participating stores located at Tanger Outlet Center. Proceeds will stay local, and will be donated to The Keyserling Cancer Center at Beaufort Memorial Hospital. The Powerful Pink Card’ provides 30% discount on a single item at participating stores plus a chance to win one of many great PinkSTYLE prizes including a Spa Vacation Package to Sea Island Spa at Cloister in Sea Island, Georgia, a $3,000 Tanger Shopping Spree, $1,000 Fashion Package and one of 10 “Pink” iPads.

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Gulfstream Aerospace Corporation held a Day of Volunteering this past Saturday, sponsored by the company’s Community Volunteer Program, according to Heidi Fedak, senior manager, External Communications and Social Media. The event was a joint effort with Hands On Savannah, and gave Gulfstream employees an opportunity to lend a helping hand while exploring the issues that shape their community. It was held in Richmond Hill.

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Foundation Financial Group with local offices at 17 Park of Commerce Blvd., Suite 202, in Savnanah, was honored recently for maintaining sound financial principles. Chief Financial Officer Tanya L. Mauro was named one of 11 “Ultimate CFOs” by the Jacksonville Business Journal in its third annual “Ultimate CFO Awards” held Sept. 21. Its Savannah office, which was opened in June 2009, is headed by Greg Ludwig.

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The hospitality industry is one of the few growth sectors in our region, but companies still have their challenges to make a profit. According to the 2011 Compensation Data Hospitality Industry survey just released, companies in this sector reported an average premium increase of 9.3 percent. More than 45 percent of respondents indicated they pay more than $9,600 annually for an employee plus family plan. "The rising cost of insurance premiums is something that continues to be an issue for employers," said Amy Kaminski, director of marketing for Compdata Surveys, the nation's leading pay and benefits survey data provider. "To counteract these rising costs, organizations have to look in different directions in order to continue providing quality coverage for their employees." And, they are offering different plans to try to still provide health insurance options.

Employee plus spouse plans are costing companies.$7,200 on average, and employee only plans are costing employers between $2,400 and $7,200 per year.

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