Mitsubishi Power Systems Americas Inc., per Savannah Morning News article, is in "final negotiations" with State economic development authority to "most likely" build a plant that manufactures power generators on a portion of the site.
It would represent about $300-500,000,000 in investment & 500 quality jobs for the immediate area. It will add a good "bump" to development activity in the Dean Forest Rd/Hwy 17 corridor. Commercial Real Estate, along with residential, in the area should benefit. Garden City Town Center is one that should see some increased interest for pad sites, multi-family & office space. Timing of an official annoucement is unclear.
My potential correction: I thought it was a Korean car company from an earlier blog. It's a smaller deal, but we'll take it. The State has been holding out for a single user. Budget deficits & constant official/unofficial requests from SEDA & other state EcoDev organizations, may have loosened up the Governor. But....maybe the other deal is still alive.... CT&T Co. Ltd. are to make a decision by September this year for their EV car site.
Logo: Courtesy Mitsubishi Power Systems