Savannah Chamber

3 1 Savannah Area Chamber of Commerce 2024 Economic Trends Contents ABOUT THE DATA (See Note Below) Welcome Savannah Quick Facts Featured Speakers 2024 Forecasts: United States and Georgia Terry College of Business, University of Georgia Savannah MSA Parker College of Business, Georgia Southern University Economic Trends: Savannah By the Department of Economics, Parker College of Business at Georgia Southern University Economy Gross Regional Product Demographics Employment Population Household Income Industry Construction Health Care Major Employers and Major Manufacturers Military and Federal Government Real Estate Tourism Infrastructure Education Port of Savannah: Georgia Ports Authority Small Business Investment and Development Taxes Transportation: Roads, Rail, Water, Air Utilities Other Workforce Development NOTE: ABOUT THE DATA This report was updated by the Department of Economics in association with the Center for Business Analytics and Economic Research (CBAER) in the Office of Research at Georgia Southern University. The Center meets the applied research needs of Georgia and Savannah's business and community organizations (https://research.georgiasouthern.edu/big/). Areas of research include regional economic forecasting, economic impact analysis, market analysis, economic development and business expansion, tourism development, survey- based research, and specialty reports on topics of state, regional and local interest. The Center's activities are intended to appeal to a broad range of constituencies, and the Center stands ready to enter into cooperative partnerships with public, private, and community organizations. Data for this report are collected from public sources and generally lag one to two years behind the date the report is produced. Most data in this year's report are annual figures for 2022 but include data from 2023 when possible. This data may not accurately reflect the economic conditions that businesses and residents face currently. While GSU and the Savannah Chamber have made every attempt to provide the most reliable information available, they cannot be held liable for omissions or inaccuracies. This report is published by the Savannah Area Chamber of Commerce, 101 East Bay Street (31401), P.O. Box 1628, Savannah, Georgia, (912) 644-6400. The Chamber would like to thank the many Savannah businesses and organizations that contributed to the information and analysis provided in this annual update. This edition was published in January 2024. Additional resources and contact information are available on the Chamber's Web site: www.savannahchamber.com. 4 5 7 19 27 28 29 35 43 52

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