Fed survey shows inflation of 1.9 percent
ATLANTA — Southeastern business executives expect to face a 1.9 percent inflation rate this year, according to a survey released Wednesday by the Federal Reserve Bank of Atlanta.
The executives questioned reported that what they buy for their businesses has risen 1.7 percent since this time last year. Over the next five to 10 years, they predict those costs will rise 2.7 percent annually.
However, they also expect their sales to increase just 2 percent between now and April 2015.
Just 52 percent of the executives categorized current sales as “normal” or better. Fortunately, 51 percent described their profit margins as improved, which compares to just 41 percent in the March survey.
Whole Foods sales to benefit child abuse center
Coastal Children’s Advocacy Center has been selected by Savannah’s Whole Foods Market, 1815 E. Victory Drive, as the benificiary of its bimonthly 5 percent Day on Tuesday, April 29, in honor of child abuse prevention month.
The non-profit center, which serves children who have been sexually or severely physically abused or who have witnessed violence, will receive 5 percent of the store’s net proceeds during that day.
For more information, 912-236-1401.
Chamber seeks nominations for Civitas Awards
BEAUFORT, S.C. — The Beaufort Regional Chamber of Commerce is accepting nominations for the 12th Annual Civitas Awards, which will be held on May 30 at the Dataw Island Club on Dataw Island.
This year’s award categories include: Tourism leadership, outstanding employee, outstanding Lowcountry young professional, outstanding leadership Beaufort alumni, outstanding non-profit, community stewardship, excellence in free enterprise, regional economic impact, military citizenship and lifetime of leadership.
Other recognition will include a non-commissioned officer of the year, junior enlisted service member of the year and the teachers of the year from Beaufort County.
Nomination forms and information are available at website www.beaufortchamber.org.
Teens invited to apply to Savannah Engineering Academy
The city of Savannah is asking local rising junior and senior high school students with an interest in engineering to apply for a spot in the 2014 Savannah Engineering Academy, a weeklong program held in June. Applications and teacher recommendation forms are due April 25 and are available at www.savannahengineeringacademy.net. There is no application fee, but once accepted a $50 registration fee is required to hold a place in the program.
Lunch and snacks are included for all five days of the program.
The five-day summer program will be held at Armstrong Atlantic State University June 9-13.
