Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Trump Budget Targets 107,000 Federal Jobs for Elimination
Over 107,000 non-defense federal jobs are on the chopping block under the Trump administration’s 2026 budget plan, representing a sweeping 7% cut in staffing. Major cuts are targeted at the Departments of Education, Labor, Housing and Urban Development, as well as the...
Wiwynn Corp. Expands to Socorro, Texas with $152 Million Facility
Taiwanese tech giant Wiwynn Corp. is investing up to $152 million to build a new facility in Socorro, Texas, creating 514 high-paying jobs and marking one of the largest tech expansions in the Borderplex region. This expansion takes advantage of growing demand for...
Green Bay Packaging to Invest $1 Billion for Expansion in Morrilton, Arkansas
Green Bay Packaging is investing over $1 billion to expand its Arkansas Kraft paper mill in Morrilton, in what is hailed as the largest capital investment project in Central Arkansas history. The project is expected to bring in up to 1,200 contractors on site at its...
Hawaii Gov. Green to Veto Controversial Tax Credit Bill
Governor Josh Green announced plans to veto House Bill 796, which would have imposed a five-year sunset clause on all new or renewed income tax credits after 2025. The bill raised concerns across multiple industries, including renewable energy projects, affordable...
US Trade Deficit Sees Largest Monthly Drop on Record
The US trade deficit shrank to USD 61.6bn in April from USD 138.3bn in March, the largest monthly drop on record, due to a 16% plunge in imports, according to UBS. This sharp narrowing may lift GDP later in 2025, but UBS highlights that it’s likely a one-off driven by...
Moody’s Warns: More Hurricanes, Higher Insured Losses in 2025
Moody’s Ratings says insured losses may grow in 2025, fueled by hurricanes and inflation driving up the cost of repairs, labor, and materials. With forecasts predicting above-average storm activity, the 2025 season poses increased financial exposure for insurers and...
Rate Hikes Coming for North Carolina Homeowners
Homeowners across northeastern North Carolina will see insurance rate hikes starting this month after a settlement was reached between insurers and state regulators. The increases include: Territory 110 (Carova to Ocracoke) rising 5.1% this month and 4.8% in...
New Insurance Bill Could Limit Policyholders’ Right to Sue
As Louisiana enters the 2025 hurricane season, lawmakers are weighing a bill that would let insurers offer discounted “arbitration-only” policies, preventing policyholders from suing in disputes. While supporters say it gives consumers more choices, insurance agents...
Lawsuits Filed Against AAA and USAA for Underinsuring LA Fire Victims
Homeowners affected by the Jan. 7 wildfires in Los Angeles County are suing USAA and two AAA-related insurers, alleging they were systematically underinsured and left without enough money to rebuild their houses. Anchoring their claims in fraud, negligence, breach of...
Ohio Senate Proposes Using $600 Million in Unclaimed Funds for Browns Stadium
Ohio Senate Republicans have proposed using $600 million from the state’s $4.8 billion unclaimed property fund to help finance a new Cleveland Browns stadium in Brook Park, instead of issuing bonds as previously planned. The move is part of a larger $1.7 billion plan...
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