Article: Savannah, Georgia attracts nearly $1.5 billion of new and expanded businesses in 1988; best year ever in economic development.

/ADVANCE FOR RELEASE AT 5 P.M., EDT, TODAY/ SAVANNAH, GEORGIA ATTRACTS NEARLY $1-1/2 BILLION OF NEW AND EXPANDED

BUSINESSES IN 1988; BEST YEAR EVER IN ECONOMIC DEVELOPMENT

/ADVANCE/ATLANTA, April 3 /PRNewswire/ -- During calendar year 1988 Savannah, Ga. had new business investment and expansion announcements totaling over $1.4 billion. This new site selection and expansion activity broke all previous records, according to statistics released today by the Savannah Economic Development Authority (SEDA).

Richard Knowlton, president and CEO of SEDA reported that these 1988 figures represent $5,565.00 on a per capita basis for Savannah and ...

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