Seda Annual Report 2022
2022 will go in the history books for the Savannah region. As a part of the Savannah Harbor Interstate 16 Corridor Joint Development Authority, SEDA played a major role in landing Hyundai Motor Group (HMG).
The state’s largest economic development deal in history will have a lasting impact on our region for generations to come. You can learn more about the HMG project in this report and at savannahjda.com.
SEDA’s business development team hosted a record shattering 87 prospects in 2022, with 18 of them from Tier 1 HMG suppliers.
In addition to the HMG announcement, 13 other companies expanded and located in Chatham County in 2022 including attraction projects like Really-Virtual, ZeroFox and Norma Precision and expansions by Amazon, Brasseler USA and Savannah Bee Company. We helped projects like MSI and Savannah Global Logistics Park celebrate their grand openings and traveled the globe to tell the Savannah story.
The Savannah Logistics Innovation Center (SLIC) and Plug and Play selected their first cohort of startup companies for their accelerator program raising $25 million in investment for the companies. Startup accelerator programs support early- to late-stage, growth-driven companies through education, mentorship and financing.
This program is offered in partnership with The Foram Group, the Georgia Department of Transportation, Georgia Ports Authority, Georgia Power, Georgia Southern University, Maersk, the Savannah Economic Development Authority, Savannah State University and Savannah Technical College.
The startups selected include:
“We could not have asked for a more innovative and sophisticated cohort of startups to participate in our inaugural batch for this new program,” said SLIC Executive Director Bart Gobeil. “The quality of these startups demonstrates how the Savannah region and Georgia in particular continues to lead and be at the forefront of our global logistics supply chain.”
As one of two cohorts that will be chosen each year, selected startups will have the opportunity for business development, mentorship, partnership and funding.
“Modern ports like Savannah are very efficient at the mechanics and information systems involved in moving cargo on-and off-terminal,” said Georgia Ports Authority Executive Director Griff Lynch. “We are thrilled to see where the accelerator program takes this inaugural group of startups and the ways in which our systems and processes improve because of the solutions they discover.”
Focus areas of the program include freight, warehouse operations, labor and supply chain optimization.
“Georgia Southern University is proud to partner with Plug and Play and the Savannah Logistics Innovation Center as we announce the first group of startup companies that will benefit from this accelerator program,” said Georgia Southern University President Dr. Kyle Marrero. “The education entities in our region play a crucial role in furthering public-impact research and filling talent development needs across all sectors of the logistics and supply chain industry.”
The new interchange that will serve Rockingham Farms, a 10 million square-foot logistics park.
In 2022, SEDA helped facilitate and manage two projects that will mean significant industry success for years to come.
The first project was the completion of the Bloomingdale water/sewer project that will support more than eight million square feet of industrial space. The second was the completion of the new interchange and off-site water at Rockingham Farms, a 10 million square-foot logistics park.
Additionally, the business development team continued to market the Savannah region by attending trade shows and conferences, networking with consultants and brokers, meeting with existing industries and more.