U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Georgia > Savannah area
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-15-2010, 03:58 PM
 
Location: Savannah GA
13,708 posts, read 18,507,046 times
Reputation: 9995

Advertisements

The mysterious "Project X" industrial development rumored about for months in the Savannah media was confirmed today, with Gulfstream Areospace announcing a $500 million expansion to its jet manufacturing facility, that will add more than 1,000 employees to the 5,000 workers they already have in Savannah. The new facility will be in the NW quadrant of Sav Intl Airport property, on the approach to the passenger terminal off I-95, and because it's not connected to their current facility, will involve rerouting some existing roadways as well as the construction of new taxiways and, eventually, a third runway.

This news is HUGE on numerous fronts: As the leading manufacturer of private corporate and business class jets in the world, Gulfstream's current financial strength (orders are at record highs) and optimistic forecast for the future suggests a pretty healthy world economic outlook. Further, Gulfstream execs hinted that today's announcement is just a first phase, and additional growth and investment is likely. And it goes without saying that, before the 1,000 additional Gulfstream jobs, come online, a windfall of local employment will be realized for construction of both the plant itself and airport infrastructure and the influx of support services, suppliers, etc.

No surprise why every state dignitary from the governor on down, as well as both of Ga's U.S. Senators, SE Ga congressmen and every Tom, Dick and Harry from the local community was there this morning for the photo op.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 11-15-2010, 04:06 PM
 
Location: a primitive state
10,443 posts, read 21,456,922 times
Reputation: 14286
That is good news.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-15-2010, 04:16 PM
 
Location: Savannah GA
13,708 posts, read 18,507,046 times
Reputation: 9995
Especially since only about a year and a half ago, Gulfstream was furloughing workers due to cancelled or delayed orders.

Again, what cannot be overemphasized enough is the really big deal it is that this particular sector of the economy -- business class supersonic jets -- has rebounded so strongly. It reflects a lot of hope for the economy as a whole that people and corporations are again confident enough to make these huge purchases, which aren't like buying a car -- these planes are pre-ordered in advance and built to spec.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-15-2010, 09:47 PM
 
Location: Metro Atlanta & Savannah, GA - Corpus Christi, TX
4,527 posts, read 7,800,488 times
Reputation: 2314
So happy to hear this news! Gulfstream has good paying jobs and that's exactly what the doctor ordered for Savannah! This kind of job growth can help sustain all the residential development out in West Chatham and Effingham.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-15-2010, 10:11 PM
 
Location: Savannah GA
13,708 posts, read 18,507,046 times
Reputation: 9995
TRUE these are very specialized BLUE collar jobs and Gulfstream pays VERY well. I don't know the exact formula, but for each new job created in a community, the actual number of people it attracts is 3.5 to 4. which means an aincrease of several thousand overall. So after a slight blip in the last couple of years, this should put the West Chatham housing boom back into high gear.

I'm also hoping it revives plans to build that huge outdoor "destination" shopping center planned for the intersection of I-16 and Pooler Parkway, that at one point was to include Belk, Target, Kohl's, a multiplex theatre and numerous restaurants.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-15-2010, 11:42 PM
 
Location: Atlanta
7,732 posts, read 12,754,926 times
Reputation: 2774
This announcement was all over the news up here today. Great news for Savannah and the State in general.

Congrats, Savannah!

Gulfstream announces a $500M expansion in Georgia *| ajc.com (http://www.ajc.com/business/gulfstream-announces-a-500m-742213.html - broken link)

Gulfstream Unveils Project X, Promises Georgia Jobs - 11Alive.com | WXIA | Atlanta, GA
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-15-2010, 11:55 PM
 
Location: Savannah GA
13,708 posts, read 18,507,046 times
Reputation: 9995
INTERESTING FACTS:

-- Georgia ranks eighth in the U.S in aviation industry employment with more than 80,000 workers.

-- Aviation exports also ranked eighth in the U.S., at $3.4 billion worldwide in 2009.

-- University of Georgia economist Jeff Humphreys calculates that the $500 million expansion could create an estimated 3,300 additional related jobs over time in the state

-- State development officials estimated the net fiscal impact (revenues minus expenditures) of the project to Georgia at $65.4 million over 10 years in current dollars.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-16-2010, 07:18 AM
 
Location: a primitive state
10,443 posts, read 21,456,922 times
Reputation: 14286
It will be great for those who qualify for the jobs, specifically qualified. I just read this disturbing article.

Employers Pickier About Job Applicants' Skills : NPR
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-16-2010, 08:14 AM
 
Location: Virginia Highland, GA
1,939 posts, read 4,198,083 times
Reputation: 1257
Way to go Savannah.............I love it there......
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-16-2010, 02:35 PM
 
3,988 posts, read 5,660,567 times
Reputation: 1997
The majority of the technical jobs will be filled by former military as its the only place anymore for that type of technical training + ojt. The engineers will be drawn from around the country so hopefully this will lead to a mini housing boom.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Georgia > Savannah area
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top