A new state-of-the-art manufacturing plant is opening in the Richmond Hill community, not far from Savannah. New jobs are expected to come by the end of 2015 with more likely to come into the next year as well. The opening of this plant is likely to boost the economy of the area as well as create new opportunities for sellers who are considering listing their homes. The Savannah real estate market should receive the benefit of both sellers getting into the market and those moving into the area for the new jobs. It’s a great time for smart buyers to get in early on Savannah homes for sale and Richmond Hill homes for sale before the real estate values go up in both areas.The opening of the new manufacturing plant in Richmond Hill was a big deal and all the government officials and business leaders on hand proved that. Caesarstone became the first new industry to arrive in the city after 35 years. Caesarstone is an Israeli-based company that makes quartz surfaces and their products are sold and marketed all over the world. They spent about $130 million to put the first United States plant in Richmond Hill. CEO Yos Shiran talked about the new facility and why Caesarstone decided to build in Richmond Hill. He said it was a new phase for the company and that the new factory would allow the company to serve the American market better than before. Shiran added that a different company was contracted to find a U.S. site for the factory and they had come up with Richmond Hill. Shiran said it was a great location for many reasons, including proximity to a good port, interstate freeways and a supportive community.
Richmond Hill and Savannah are already experiencing much growth with port expansion as it is and the Savannah real estate market is growing as a result. This particular event should also have a direct impact on the Richmond Hill economy specifically however, and result in more Richmond Hill homes for sale as residents who were thinking of moving take advantage of the Savannah real estate market growth.
Richmond Hill’s mayor also expressed positive thoughts at the factory’s opening, saying that it would be a great thing for Richmond Hill as the first new industry in 35 years, and would also help graduates find jobs. Currently, the factory is employing 107 people and they expect to add 80 more when another production line opens at the end of the year. There are also plans to add more lines in the near future. The Bryan County Board of Commissioners chairman Jimmy Burnsed agreed with Mayor Harold Fowler about the potential for new jobs and that it would also help diversify the tax base in the county as well.
Fowler added that he didn’t expect to see new tax revenue right away, but in the next ten years he expected to see some. He mentioned how new jobs create other things around them, whether that be retail, real estate or other things to boost the economy. As values go up, even nearby Savannah homes for sale could increase in price. Those looking for Richmond Hill homes for sale would do well to look into it early before the prices rise significantly. At the same time, those watching the market and waiting to list their houses, shouldn’t wait too long. When demand is high and inventory is low, prices generally go up.
Caesarstone hosted those present at the opening to a video concerning the facility, as well as speakers, tours of the facility and a catered lunch. The products made by the company were displayed prominently throughout the event. Burnsed was one of those impressed by what he saw. He praised the facility as state-of-the-art and said he’d never seen anything like it. He also said it was different from the company’s plant in Caesarea because that one started with only a small structure and then more buildings were added. Burnsed said he believes that there isn’t any other facility in the area that is as nice as this one.
So while there was plenty of praise for the company and the new facility, an equal amount of optimism for the local economy was also present. New jobs were naturally the center of the discussion, but new jobs are just the start of a domino effect that ultimately affects real estate, retail and more. Savannah homes for sale nearby should see a rise in value as a result.
Leave a Reply