Issue link: http://savannah.uberflip.com/i/1489710
4 Savannah Area Chamber of Commerce 2023 Economic Trends 2 Welcome to Savannah The metropolitan Savannah area benefits from a diverse mix of industry and services, a history of sustainable population growth, and a moderate tax structure that combine to help the regional economy maintain a healthy balance and quality of life that continues to rate among the nation's best. 2022 was a record year for Business Development in the Chatham County coastal region, the Savannah Economic Development Authority reports. • 10 Expansion Announcements • 9,263 New Job Opportunities • $5.9 Billion in New Capital Investment • 72 New Projects considering future location expansions Included in the above, Hyundai Motor Group announced the Coastal Region would be home to Georgia's largest-ever economic development project, with 8,100 manufacturing jobs, $5.54 Billion in investment and an additional $1 Billion expected investment from future suppliers. Similarly to past years, Savannah continues to receive much recognition for both its business and cultural richness such as the "US Best Small Cities" (#1), Condé Nast Traveler, October 2022; "Best Leisure Destination in the Unites States" (#2), Global Traveler, June 2022; "Best Airports in the US" (#1), Condé Nast Traveler, October 2022; "Best Honeymoon Destinations in the USA" (#1), US News & World Report, October 2022; "Best Small Cities and Towns to Live and Work as a Moviemaker" (#2), Moviemaker Magazine, January 2022; "13 Best Places to Visit for Halloween Around the World", Travel & Leisure, August 2022; "South's Best Bakeries 2022" (#1, Back in the Day Bakery) Southern Living, March 2022; and "Best Vegan Spots in the U.S."(#10, Fox & Fig) Trip Advisor, May 2022. Savannah is a cosmopolitan community with a European flair and "good bones" as exhibited by its strong business community and advanced infrastructure. While residents and visitors enjoy its rich heritage and historical atmosphere, Savannah continues to improve its business environment by infusing the area with advantages that benefit its major industries. This includes manufacturing, logistics, tourism, port operations, health care, military, and a growing presence of entertainment production, innovative technology firms, and entrepreneurs. The Savannah region continues to be an ideal choice for any relocating business, individual or family. We invite you to bring your businesses and families to Savannah to join this vital and thriving community. We are ready to help you and your company become exciting new members of our beautiful city. For more information contact: Savannah Area Chamber of Commerce Visit Savannah 101 E. Bay Street (31401) Savannah, GA 31402-1628 912-644-6400 Fax: 912-644-6499 www.SavannahChamber.com www.VisitSavannah.com The following organizations are also available to assist you in your move to Savannah. Savannah Economic Development Authority (SEDA) 906 Drayton Street Savannah, GA 31401 (912) 447-8450 Fax: (912) 447-8455 www.seda.org The Creative Coast 2 E. Bryan St., Suite 100A Savannah, GA 31401 Email: admin@thecreativecoast.org www.thecreativecoast.org Savannah Entrepreneurial Center 801 E. Gwinnett Street P.O. Box 1027 Savannah, GA 31402 (912) 652-3582 Fax: (912) 651-3175 www.savannahga.gov