Quote:
Originally Posted by atlantaguy
Savannah actually punches way above its weight economically, especially concerning the Port. Savannah is now the 3rd largest port on the east coast, more than twice the size of Charleston. More heavy industry and manufacturing are located in SAV. There are massive distribution centers for Target, Home Depot, IKEA, etc. Savannah is also the HQ's of General Dynamics Gulfstream division, with several thousand more employees than Boeing has in Charleston. They are pretty much equals in the Military area.
|
Savannah has certainly zoomed ahead of Charleston with the port, but overall, Charleston is much more well-rounded economically than Savannah. Boeing, which has only been in Charleston for about five years now, is simply the crown jewel of an aviation/aerospace cluster that's been in place for a long time now. There are at least five other sizable companies that round out that cluster in Charleston. On top of that, you have defense contracting, higher education (with a medical university, the nation's oldest municipal college, one of six senior military colleges in the nation, a law school, etc.), and medicine that help round out the local economy. The boom in manufacturing is why Charleston, in the past few years, has ranked highly on lists regarding the economy (
http://www.areadevelopment.com/Leadi...-1445556.shtml,
http://www.charlestonbusiness.com/ne...ng-jobs-growth,
http://www.charlestonbusiness.com/ne...conomic-growth). Tech jobs are also on the rise, with Google recently announcing a $600 million expansion to its area facility, Benefitfocus's recent plans to add 300 new software engineering and professional jobs, and SPARC's recent plans to add 300 new IT jobs. And a lot of people don't know that the Charleston metro actually
ranked first in the percentage increase of residents with a bachelor's degree or higher from 2000-2010. Charleston and Savannah have their similarities, but Charleston is definitely more jobs-oriented with a more professional vibe than Savannah.