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.