Savannah Business News
BUSINESS NEWS
The Salvation Army of Coastal Empire Celebrates 125 Years in Savannah
News Summary The Salvation Army of the Coastal Empire marks 125 years of service in Savannah while introducing new leadership under Chris Doborwicz. A focus on recalibrating services aims to...
Goodwill Opens New Boutique The Vault in Savannah
News Summary Goodwill Southeast Georgia has inaugurated its latest boutique, The Vault, at 800 Habersham Street, Savannah. This unique store offers curated fashion and home goods starting at $7.99, enhancing...
Happy 60th Birthday to My Wife in Savannah | A Loving Tribute
Happy 60th Birthday to My Beautiful Wife: A Savannah Celebration Tomorrow, we celebrate the 60th birthday of my extraordinary wife, a woman whose grace, warmth, and strength light up every...
New Free Public Charter School Approved in Savannah
News Summary The Savannah-Chatham County Board of Education has approved the establishment of REACH Public Schools, a charter school for grades 9-12 set to open in the 2026-2027 academic year....
Georgia Power Expands Energy Capabilities at Plant Yates
News Summary Georgia Power has initiated a significant expansion at Plant Yates with the arrival of the first of three advanced gas turbines. This new Mitsubishi Power M501JAC gas combustion...
Nautical Boat Club Launches New Location on Wilmington Island
News Summary Nautical Boat Club has launched its new location on Wilmington Island in partnership with Sun Life Wilmington Island Marina. With over 25 years of experience, the club offers...
Spirit Airlines Launches Service at Savannah Airport
News Summary Spirit Airlines has launched its inaugural service at Savannah/Hilton Head International Airport, with daily flights to Newark and plans for further expansion to Fort Lauderdale and Nashville. The...
REACH Public Schools Approved to Open New Charter School
News Summary REACH Public Schools has received unanimous approval from the Savannah-Chatham County Public Schools System Board of Education to establish a new charter school. This free institution will cater...
Chef Jacques Larson to Open French Oyster Bar in Savannah
News Summary Chef Jacques Larson, a two-time James Beard Award nominee, is set to open a French oyster bar named Lester’s in Savannah in early 2026. Situated in the basement...
Finance
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...
Savannah’s Small Business Week Highlights Local Entrepreneurs
News Summary Savannah celebrated Small Business Week with events supporting local entrepreneurs, including the GRIT Pitch competition where startups competed for $5,000 in prizes. Bradley Wilkerson’s MacroText won first place,...
Savannah Metro Economy Sees Growth in Q4 2024
News Summary The Savannah metro area’s economy has rebounded in the fourth quarter of 2024, posting a growth of 0.5%, translating to an annualized rate of 2.1%. Contributing factors include...
Savannah Metro Economy Shows Signs of Recovery in Q4 2024
News Summary The Savannah metro area has experienced economic recovery in Q4 2024, according to Georgia Southern University’s Economic Monitor. Key indicators show a 0.5% business index increase, falling unemployment...
CONSTRUCTION
Georgia Home Roofing Achieves BBB Accreditation
News Summary Georgia Home Roofing has earned accreditation from the Better Business Bureau, highlighting its commitment to ethical practices and customer satisfaction. The accreditation reflects the company’s adherence to high...
Rivian Celebrates Groundbreaking for Major EV Factory in Georgia
News Summary Rivian Automotive Inc. is hosting two significant events to commemorate the construction of its $5 billion electric vehicle factory in Georgia. The community event on September 14 will...
Georgia’s Unemployment Rate Declines to 3.4%
News Summary Georgia’s unemployment rate has decreased to 3.4%, a slight drop from the previous month. Despite a loss of 500 jobs, the state shows signs of a robust labor...
Facebook to Invest $750 Million in New Data Center in Georgia
News Summary Facebook has announced a $750 million investment to build a new data center in Newton County, Georgia. This major investment aims to boost local jobs, with over 100...
Rivian to Resume Construction on Georgia Manufacturing Plant
News Summary Rivian has announced plans to recommence construction on its $5 billion electric vehicle manufacturing plant in Georgia, with a groundbreaking event set for September 2025. The facility will...
GE Appliances Announces $3 Billion Investment in U.S. Manufacturing
News Summary GE Appliances is investing $3 billion to expand its U.S. operations and create 1,000 new jobs across five states. The expansion focuses on enhancing manufacturing capabilities and modernizing...
Macon, Georgia Attracts Over $1 Billion in New Investments
News Summary Macon, Georgia, is undergoing a significant economic transformation, securing over $1 billion in new investments through company expansions and revitalization efforts. Major contributors include Irving Tissue and First...
Georgia Power Launches Multi-Billion Dollar Grid Modernization Initiative
News Summary Georgia Power has unveiled a multi-billion dollar initiative to modernize and enhance the resilience of its electric grid. This program aims to improve service reliability and reduce outages...
Significant Layoffs Hit Georgia Workers Across Multiple Companies
News Summary Over 200 workers are facing layoffs in Georgia as companies like CDI Head Start, Yamaha Motor Manufacturing, and Americold Logistics restructure operations. The layoffs, affecting various worksites and...
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Real Estate
Gas Prices in Georgia Show Stability Despite Market Fluctuations
News Summary Gas prices in Georgia currently average $2.91 per gallon for regular unleaded gasoline, experiencing a slight increase of one cent since last week. This price reflects a 31-cent...
Georgia’s Unemployment Rate Declines to 3.4%
News Summary Georgia’s unemployment rate has decreased to 3.4%, a slight drop from the previous month. Despite a loss of 500 jobs, the state shows signs of a robust labor...
Neighborhood Nectar Launches at National Farmers Market
News Summary Neighborhood Nectar, a Georgia-based startup, has made its national debut at the USDA’s Great American Farmers Market. Founded by Sade Shofidiya, the company specializes in Georgia grown honey...
Governor Kemp Approves $500 Million Mortgage Bonds for Georgians
News Summary Governor Brian Kemp authorized the Georgia Housing and Finance Authority to issue up to $500 million in mortgage bonds to assist low and moderate-income residents in accessing homeownership....
Facebook to Invest $750 Million in New Data Center in Georgia
News Summary Facebook has announced a $750 million investment to build a new data center in Newton County, Georgia. This major investment aims to boost local jobs, with over 100...
GE Appliances Announces $3 Billion Investment in U.S. Manufacturing
News Summary GE Appliances is investing $3 billion to expand its U.S. operations and create 1,000 new jobs across five states. The expansion focuses on enhancing manufacturing capabilities and modernizing...
South Korean Logistics Companies Invest in Georgia
News Summary Korea Ocean Business Corp and LX Pantos have acquired logistics centres in Georgia for $236.5 million to support South Korean e-commerce expansion in the U.S. Additionally, CJ Logistics...
Macon, Georgia Attracts Over $1 Billion in New Investments
News Summary Macon, Georgia, is undergoing a significant economic transformation, securing over $1 billion in new investments through company expansions and revitalization efforts. Major contributors include Irving Tissue and First...
Significant Layoffs Hit Georgia Workers Across Multiple Companies
News Summary Over 200 workers are facing layoffs in Georgia as companies like CDI Head Start, Yamaha Motor Manufacturing, and Americold Logistics restructure operations. The layoffs, affecting various worksites and...
