Savannah Business News
BUSINESS NEWS
Symphona Technology Appoints New Business Development Coordinator
News Summary Symphona Technology has appointed Amy Green as the Business Development Coordinator in Savannah. With a focus on community engagement and client relations, Green aims to strengthen partnerships and...
Savannah Launches New Membership Program for Economic Growth
News Summary The Savannah Harbor Innovation Partnership (SHIP) has introduced a new membership program aimed at stimulating economic growth in vital sectors like logistics, clean technology, and manufacturing. This public-private...
Savannah’s Restaurant Industry Faces Downturn as Summer Ends
News Summary The restaurant industry in Savannah, alongside Hilton Head and Beaufort, is facing a significant decline in customer traffic as summer concludes. Following a busy July 4th weekend, restaurant...
New Korean Restaurant Opens in Downtown Savannah Amid Challenges
News Summary A new Korean restaurant by the E-Tang group has opened in Downtown Savannah, facing tough competition and a sluggish market. Despite offering popular dishes like bulgogi, the eatery...
Savannah Children’s Theatre Launches Fundraising Effort for Star Castle
News Summary The Savannah Children’s Theatre is initiating a community fundraising campaign to secure a permanent home at the Star Castle, aiming to raise $500,000 by October 2025. This is...
Parker’s Kitchen Expands with New Locations in Jacksonville
News Summary Parker’s Kitchen, a gas station and convenience store chain based in Savannah, Georgia, is expanding into Jacksonville, Florida, with plans to open at least four new locations by...
Spirit Airlines Delays Nashville and Detroit Services
News Summary Spirit Airlines has announced a delay in services to Nashville and Detroit from Savannah due to a Chapter 11 bankruptcy filing. Despite financial struggles, new flights to Fort...
Savannah’s Steakhouse Scene Transformed by New Offerings
News Summary Jesse Blanco, a notable food critic, celebrates the rise of high-quality steakhouses in Savannah, highlighting improvements at Stone and Webster Chophouse. After years of limited options, Blanco’s experiences...
GTIS Partners Acquires Major Industrial Site in Savannah
News Summary GTIS Partners LP has successfully acquired a 24-acre industrial site in Savannah, expanding its portfolio with plans for substantial Class A industrial development. This acquisition emphasizes Savannah’s high...
Finance
GTIS Partners Acquires Major Industrial Site in Savannah
News Summary GTIS Partners LP has successfully acquired a 24-acre industrial site in Savannah, expanding its portfolio with plans for substantial Class A industrial development. This acquisition emphasizes Savannah’s high...
First Federal Bank Expands Operations into Savannah
News Summary First Federal Bank is expanding into Savannah, appointing Mark McRae to lead the new branch. With over 30 years of banking experience, McRae will focus on supporting local...
Savannah Sees Slight Decrease in Unemployment Rate
News Summary The Savannah Metropolitan Statistical Area has reported a small decline in its unemployment rate, now at 3.1%, showing improvement from the previous month and last year. Despite the...
Parker’s Kitchen Donates $1 Million to Union Mission in Savannah
News Summary Parker’s Kitchen has pledged a significant $1 million donation to Union Mission for establishing a new Resource Center in Savannah. This center, located at a repurposed Family Dollar...
JLL Capital Markets Finalizes Sale of Class-A Distribution Facility
News Summary JLL Capital Markets has announced the sale of the NFI Distribution Center Savannah, a 1,026,606-square-foot Class-A facility in Rincon, Georgia. The property, sold by Becknell Industrial and Goldman...
Savannah Sees Marginal Rise in Unemployment Rate
News Summary The Savannah Metropolitan Statistical Area has experienced a rise in the unemployment rate to 2.9%. Despite a slight year-over-year improvement, the labor force and employment figures have declined....
Calls for Minimum Wage Reform in Georgia and South Carolina
News Summary The job market in Georgia and South Carolina faces challenges as rising living costs prompt calls for minimum wage reforms. Despite a stable unemployment rate, wage growth is...
Savannah’s Management Job Market Sees Growth Amid Changes
News Summary Savannah is experiencing a notable increase in management job opportunities driven by recent market evolutions and targeted hiring initiatives. Despite challenges faced by management roles, new hiring efforts...
Savannah Unemployment Rate Declines Amid Labor Market Changes
News Summary Savannah, Georgia has reported a decrease in its unemployment rate to 2.6% in April, although the labor force contracted with fewer individuals employed. The area saw a rise...
CONSTRUCTION
Rivian Begins Construction of $5 Billion EV Factory in Georgia
News Summary Rivian Automotive has officially started construction on a $5 billion factory in Georgia, expected to create around 7,500 jobs by 2028. Situated on a 2,000-acre site, the facility...
Concerns Rise After Immigration Raid at Hyundai Factory
News Summary An immigration raid at Hyundai’s electric vehicle factory in Georgia has caused alarm among Indian entrepreneurs and South Korean citizens in the area. With 475 arrests made, including...
Georgia Achieves Record Investment Milestone
News Summary Georgia has set a new benchmark in economic growth with a record investment of $26.3 billion for Fiscal Year 2025. Governor Brian P. Kemp announced this significant milestone,...
Georgia Announces $26.3 Billion in Record Investments
News Summary Governor Brian Kemp has unveiled a landmark $26.3 billion in investments aimed at fostering economic growth in Georgia. This initiative is projected to create 23,000 new private-sector jobs...
Georgia Faces Energy and Water Challenges with Data Center Expansion
News Summary Georgia is experiencing rapid growth in data center development, raising concerns about energy consumption and water usage. By 2031, data centers are projected to consume 90% of new...
ProPanama Promotes Investment Opportunities in Atlanta
News Summary ProPanama is working to enhance Panama’s image and promote its investment prospects during an event in Atlanta. The outreach, led by Chief Administrator Gerardo G. Pelaez, highlights Panama’s...
Cornelia Selected for Retail Ready Pilot Program
News Summary Cornelia, Georgia, is among six communities chosen for Georgia Power’s Retail Ready pilot program aimed at boosting local economies. The program will provide expert support from Retail Strategies...
Georgia-Pacific Invests $800 Million in Alabama Mill
News Summary Georgia-Pacific’s $800 million investment into its Alabama River Cellulose mill aims to transform the facility into the largest softwood pulp mill in the U.S. The expansion is set...
South Korean Workers Deported After ICE Raid in Georgia
News Summary Over 300 South Korean workers have been deported following an explosive Immigration and Customs Enforcement (ICE) operation at a Hyundai battery factory in Georgia. While the detainment aimed...
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Real Estate
Concerns Rise After Immigration Raid at Hyundai Factory
News Summary An immigration raid at Hyundai’s electric vehicle factory in Georgia has caused alarm among Indian entrepreneurs and South Korean citizens in the area. With 475 arrests made, including...
Georgia Achieves Record Investment Milestone
News Summary Georgia has set a new benchmark in economic growth with a record investment of $26.3 billion for Fiscal Year 2025. Governor Brian P. Kemp announced this significant milestone,...
Georgia Announces $26.3 Billion in Record Investments
News Summary Governor Brian Kemp has unveiled a landmark $26.3 billion in investments aimed at fostering economic growth in Georgia. This initiative is projected to create 23,000 new private-sector jobs...
ProPanama Promotes Investment Opportunities in Atlanta
News Summary ProPanama is working to enhance Panama’s image and promote its investment prospects during an event in Atlanta. The outreach, led by Chief Administrator Gerardo G. Pelaez, highlights Panama’s...
VyStar Credit Union Expands Everyday Heroes Mortgage Program
News Summary VyStar Credit Union is expanding its Everyday Heroes Mortgage Program to aid community champions in Georgia and Florida amidst the housing affordability crisis. The program targets essential professions...
Georgia Attorney General Takes Action Against MV Realty
News Summary The Georgia Attorney General’s Office has halted operations of MV Realty due to deceptive practices affecting homeowners. A court order mandates MV Realty to refund termination fees and...
Business Closures in West Georgia
News Summary Recent reports have highlighted significant business closures in West Georgia, specifically noting Creamistry in Newnan and Smokey Bones in Peachtree City as recently shut down. Across various communities,...
Georgia Ports Fuel State’s Economic Growth
News Summary Port activities in Georgia are significantly enhancing the state’s economy, supporting nearly 651,000 jobs and generating $174 billion in sales. This growth is attributed to the state’s deepwater...
Blue Navy Recovery Expands Unclaimed Property Services in Georgia
News Summary Blue Navy Recovery has announced expansion in Georgia to better serve residents seeking to reclaim unclaimed property. With an increasing number of claims, the firm is enhancing its...
