Savannah Business News
BUSINESS NEWS
Savannah to Host Inaugural Food and Wine Fest
News Summary The Hostess City Food and Wine Fest is launching in Savannah, promising a weekend of culinary delights on November 7-8. Featuring over 45 vendors, the festival will showcase...
Goodwill Opens New Affordable Store in Savannah
News Summary Goodwill Southeast Georgia has opened a new store at the Savannah Crossing Shopping Center, the first in nearly a decade. This opening is part of Goodwill’s mission to...
Savannah Welcomes The Hot Eye: A New Late-Night Bar
News Summary The Hot Eye, a new late-night bar in Savannah, opened beneath the Municipal Grand hotel, offering a unique cocktail experience in an inviting atmosphere. Headed by Bartender Alexis...
Roby Morgan Promoted to Savannah Survey Group Leader
News Summary Thomas & Hutton has announced the promotion of Roby Morgan to Savannah Survey Group Leader, following the retirement of Wright Powers. Morgan brings over 30 years of experience...
Crisis in South Carolina’s Timber Industry Amid Mill Closures
News Summary South Carolina’s timber industry, worth $23 billion, faces a crisis following the closure of multiple mills, including International Paper’s Savannah facility. Approximately 1,100 jobs are at risk, and...
Evan Bennett Promoted to Director of Water/Wastewater in Savannah
News Summary Evan Bennett has been promoted to Director of Water/Wastewater at Hussey Gay Bell, enhancing the firm’s capabilities to address Savannah’s growing infrastructure needs. With over 20 years of...
Ralston College Appoints New Chancellor Dr. Iain McGilchrist
News Summary Ralston College in Savannah has appointed Dr. Iain McGilchrist as its new Chancellor, succeeding Jordan Peterson. This change comes during a period of growth as the college expands...
Groundbreaking for Signia by Hilton Hotel in Savannah
News Summary The Savannah Convention Center Authority has begun construction on the new Signia by Hilton hotel, featuring 444 rooms and expected to open in mid-2028. This $398 million project...
Savannah Faces Economic Slowdown in 2025
News Summary Savannah, Georgia, is witnessing signs of economic slowdown as 2025 progresses. Georgia Southern University’s Economic Monitors indicate fluctuating employment and a downturn in retail sales, while tourism metrics...
Finance
Savannah Faces Economic Slowdown in 2025
News Summary Savannah, Georgia, is witnessing signs of economic slowdown as 2025 progresses. Georgia Southern University’s Economic Monitors indicate fluctuating employment and a downturn in retail sales, while tourism metrics...
HunterMaclean Welcomes Rachel Tropper to Real Estate Team
News Summary HunterMaclean, a top law firm in Savannah, has announced the appointment of attorney Rachel Tropper to its Real Estate Practice Group. Tropper, who has extensive experience in commercial...
Savannah’s Economic Growth Stalls Amid Job Losses
News Summary The Savannah region, covering Chatham, Bryan, and Effingham counties, has recorded a 0.6% decline in economic activity, with 500 job losses mainly in the service and logistics sectors....
Savannah Celebrates Second Cohort Graduation in Minority Business Accelerator
News Summary The City of Savannah proudly celebrated the graduation of its second cohort from the Launch Savannah minority business accelerator program. This initiative, designed to support minority entrepreneurs, provides...
Fifth Third Bank Expands with New Branches in Savannah
News Summary Fifth Third Bank has announced an expansion plan in the Savannah area, set to open 13 new branches over the next five years. The first two branches are...
Savannah’s Unemployment Rate Slightly Increases
News Summary Savannah, Georgia reported a slight increase in unemployment to 3.2% for August, although this reflects an improvement compared to the previous year. The labor force has grown, with...
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...
CONSTRUCTION
Georgia Power Seeks Approval for Major Energy Expansion
News Summary Georgia Power is pursuing approval to add nearly 10 gigawatts of energy to the grid, primarily to meet demand from large data centers. This effort raises concerns about...
Taylor Morrison Begins Construction on Esplanade at St. Marys
News Summary Taylor Morrison has launched the construction of Esplanade at St. Marys, marking their entry into Georgia’s resort lifestyle community sector. This 1,250-acre development will feature over 1,300 single-family...
Small Businesses in Georgia Experience Decline in Optimism
News Summary Small businesses in Georgia are facing increasing challenges, as recent reports indicate a downturn in optimism due to inflation and supply chain disruptions. The Small Business Optimism Index...
Gabe Chatham Installed as President of Home Builders Association of Georgia
News Summary Gabe Chatham has officially taken on the role of president of the Home Builders Association of Georgia during the organization’s Fall Meeting at the Ritz-Carlton, Amelia Island. As...
Georgia Ports Drive Economic Growth and Job Creation
News Summary Georgia’s ports are significantly boosting the state’s economy, supporting nearly 651,000 jobs and generating $43 billion in personal income. The Port of Savannah has seen a 9% increase...
Plant Vogtle Nuclear Facility Achieves Operational Milestone
News Summary The Plant Vogtle nuclear facility in Georgia has begun operations for its new Units 3 and 4, marking a pivotal moment in U.S. nuclear energy. While the project...
EquipmentShare Opens New Branch in Richmond Hill, Georgia
News Summary EquipmentShare has launched a new location in Richmond Hill, Georgia, as part of a $185 million expansion across the state. The facility is set to create 148 new...
Georgia Retains Title as Best Place for Business
News Summary Georgia has been recognized as the best place for business for the 12th consecutive year, as reported by Area Development Magazine. The state has supported numerous facility expansions...
Georgia Withdraws Legal Fee Reclamation from Rivian Opponents
News Summary The state of Georgia has ceased its efforts to reclaim legal fees from residents who sued over Rivian’s electric vehicle factory. This decision follows a court ruling that...
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Real Estate
Taylor Morrison Begins Construction on Esplanade at St. Marys
News Summary Taylor Morrison has launched the construction of Esplanade at St. Marys, marking their entry into Georgia’s resort lifestyle community sector. This 1,250-acre development will feature over 1,300 single-family...
Pro-tect Insurance Launches for High Net-Worth Individuals
News Summary Pro-tect Insurance has been launched in Atlanta to provide personalized concierge insurance services for high net-worth individuals, athletes, and entertainers. Co-founded by former professional football players, the company...
Georgia Counties Modernize Homestead Administration
News Summary Over 20 counties in Georgia are set to modernize their homestead administration processes. This initiative aims to enhance fairness and streamline operations while protecting local revenue. Driven by...
Small Businesses in Georgia Experience Decline in Optimism
News Summary Small businesses in Georgia are facing increasing challenges, as recent reports indicate a downturn in optimism due to inflation and supply chain disruptions. The Small Business Optimism Index...
Georgia Recognized as Spotlight State at Sunbelt Ag Expo
News Summary The Georgia Department of Agriculture has been designated as the Spotlight State for the 2025 Sunbelt Ag Expo, emphasizing the state’s vital role in agriculture. More than 80,000...
Gabe Chatham Installed as President of Home Builders Association of Georgia
News Summary Gabe Chatham has officially taken on the role of president of the Home Builders Association of Georgia during the organization’s Fall Meeting at the Ritz-Carlton, Amelia Island. As...
Georgia Ports Drive Economic Growth and Job Creation
News Summary Georgia’s ports are significantly boosting the state’s economy, supporting nearly 651,000 jobs and generating $43 billion in personal income. The Port of Savannah has seen a 9% increase...
Freedom Holding Corp. Launches Freedom Bank Georgia
News Summary Freedom Holding Corp. has officially launched Freedom Bank Georgia as part of its strategy for expansion across Central Asia and Europe. The bank, operating under FBG Company JSC,...
Georgia Retains Title as Best Place for Business
News Summary Georgia has been recognized as the best place for business for the 12th consecutive year, as reported by Area Development Magazine. The state has supported numerous facility expansions...