Savannah Business News
BUSINESS NEWS
DoveHill Invests in Redevelopment of President’s Quarters Inn
News Summary DoveHill is set to transform the historic President’s Quarters Inn in Savannah into The Sabal House, a luxury boutique hotel. The project will expand the property from 16...
GalaxyCon Acquires Three Notable Comic Conventions
News Summary GalaxyCon has announced its acquisition of three notable comic conventions from Incredible Conventions LLC, set to relaunch in 2026 under its brand. The acquired events include Superstar Comic...
Conklins Transform Marshwood House into Dream Vacation Home
News Summary Regina and Brian Conklin, aided by architect Mark Turner, renovated a property in The Landings’ Marshwood neighborhood into their ideal vacation residence. Initially skeptical about the house’s potential,...
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...
Discover Boat-Accessible Dining in Savannah
News Summary Savannah’s extensive network of waterways offers great dining experiences for boaters, ranging from casual spots to fine dining. The Wyld, a top choice, is set to celebrate its...
SPARK Savannah Celebrates First Cohort Graduation
News Summary The inaugural SPARK Savannah cohort completes a 12-week accelerator program with a 100% graduation rate. Participants engaged in the Kauffman FastTrac curriculum to develop business plans. A Business...
Kimpton Brice Hotel Welcomes New Executive Chef
News Summary The Kimpton Brice Hotel in Savannah has appointed Executive Chef Jacob Barlow, launching a reimagined menu at Pacci Italian Kitchen + Bar. The new offerings include a Southern...
Savannah’s Innovative Community Initiatives
News Summary Savannah is experiencing a wave of entrepreneurship and community engagement with numerous initiatives aimed at improving local services. Highlights include empowering small businesses, enhancing food access through innovative...
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....
Finance
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...
Fifth Third Bank Welcomes New Commercial Relationship Manager
News Summary Fifth Third Bank has appointed Matthew Ambrosy as the new Commercial Relationship Manager in Savannah. Bringing extensive banking experience, including previous roles at Chase and Great Oaks Bank,...
CONSTRUCTION
Brunswick Prepares for New Buc-ee’s Travel Center Opening
News Summary Brunswick, Georgia is set to open a new Buc-ee’s travel center, marking the third location in the state. Scheduled to debut earlier than anticipated, this 74,000 square-foot facility...
Georgia Enacts Legislation for Hurricane Relief and Support
News Summary Governor Brian Kemp has signed important legislation aimed at assisting forest landowners and rural communities affected by Hurricane Helene, which caused over $1.28 billion in timber damages. The...
Georgia Power Begins Construction on Major Battery Storage Projects
News Summary Georgia Power has initiated construction on new battery energy storage systems totaling 765 megawatts across four counties in Georgia. These projects aim to enhance the reliability of the...
Georgia’s Job Market Sees Positive Trends in Unemployment Claims
News Summary Georgia’s unemployment benefits filings dropped last week, signaling a positive trend in the state’s job market. With new claims decreasing to 4,634, Georgia’s job growth remains robust, with...
Georgia Square Mall to Undergo Major Redevelopment
News Summary Georgia Square Mall in Athens is set for a $660 million redevelopment to transform it into a community hub featuring 1,200 residential units and commercial spaces. This initiative...
Georgia Power Begins Construction of New Battery Energy Storage Systems
News Summary Georgia Power has started building 765 megawatts of new battery energy storage systems across Georgia to meet electricity demand and improve grid reliability. The initiative is part of...
Pinnacle Financial Partners Expands with New Duluth Office
News Summary Pinnacle Financial Partners has opened its fifth location in the Atlanta region at 1960 Satellite Boulevard, Duluth. The new office spans 8,100 square feet with modern amenities. Led...
Georgia Power Begins Construction on New Battery Storage Systems
News Summary Georgia Power has commenced construction on several Battery Energy Storage Systems (BESS) across four Georgia counties, aimed at enhancing grid reliability and integrating renewable energy. The projects, which...
Savannah Metro Area’s Economic Recovery Post Hurricane
News Summary The economy of the Savannah metro area has rebounded strongly in the fourth quarter following previous setbacks due to hurricanes. Key sectors including tourism and logistics have driven...
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Real Estate
Georgia’s Meeting and Convention Industry Surges
News Summary Georgia’s meeting and convention sector has seen remarkable growth in recent times, attracting 16.4 million domestic visitors and generating $4.3 billion in direct spending. The state’s strategic connectivity...
Columbus Tops List for First-Time Homebuyers in Georgia
News Summary Columbus, Georgia, has been ranked as the best city for first-time homebuyers according to an analysis from Consumer Affairs. The study assessed 150 cities nationwide, focusing on affordability,...
Georgia Square Mall to Undergo Major Redevelopment
News Summary Georgia Square Mall in Athens is set for a $660 million redevelopment to transform it into a community hub featuring 1,200 residential units and commercial spaces. This initiative...
Valdosta, Georgia Recognized for Affordable Living
News Summary Valdosta, Georgia, has been recognized as one of the best cities for affordable living, achieving a high score in the ‘Bang for Your Buck’ metric. The city’s average...
Pinnacle Financial Partners Expands with New Duluth Office
News Summary Pinnacle Financial Partners has opened its fifth location in the Atlanta region at 1960 Satellite Boulevard, Duluth. The new office spans 8,100 square feet with modern amenities. Led...
Maule Air Inc. Recognized as Small Business Rock Star
News Summary Maule Air Inc., based in Moultrie, has been named one of Georgia’s Small Business Rock Stars. Celebrated for its contributions to the aviation industry and community engagement, the...
Savannah Metro Area’s Economic Recovery Post Hurricane
News Summary The economy of the Savannah metro area has rebounded strongly in the fourth quarter following previous setbacks due to hurricanes. Key sectors including tourism and logistics have driven...
Savannah Metro Area Economy Shows Signs of Recovery
News Summary The Savannah metro area’s economy has rebounded in the fourth quarter, with a 0.5% increase in the business index. Recovery is driven by tourism and robust port operations,...
Brookhaven Experiences Economic Boom with 10,000 New Jobs
News Summary Brookhaven has seen significant economic growth with the addition of around 10,000 new jobs due to major expansion projects like the Children’s Healthcare of Atlanta and Emory Musculoskeletal...
