Economic Development News
The latest trends, news and insights on economic development.
Alnylam to Invest $250M in Massachusetts siRNA Manufacturing Expansion
Alnylam Pharmaceuticals plans to invest $250 million to expand its Norton, Massachusetts manufacturing facility, advancing what is expected to become the industry’s first fully dedicated, proprietary siRNA enzymatic-ligation manufacturing site. The expansion will...
Court Blocks Federal Gov Layoffs, Orders Agencies to Reinstate Employees
A federal judge in San Francisco has issued a preliminary injunction reversing the terminations of federal employees finalized during the recent government shutdown. The injunction affects about 680 employees across the Departments of Education and State, the Small...
Ex-Baton Rouge Councilman Sues Over Economic Development District Taxes
Former Baton Rouge Councilman Darrell Glasper Sr. is suing over two economic development districts, the Louisiana State University Economic Development District and the LSU EDD Athletic Subdistrict, alleging they illegally imposed taxes on local businesses without...
INCOG BioPharma Invests $200M to Expand Indiana Manufacturing
INCOG BioPharma Services will invest approximately $200 million to expand its injectable drug manufacturing facility in Fishers, Indiana, significantly increasing production at its 21-acre campus. The expansion, supported by state incentives, is expected to grow...
Louisiana Posts Record $61B Investment and 9,300 Jobs in 2025
Louisiana Economic Development announced record-setting results for 2025, with more than $61 billion in capital investment and over 9,300 new direct jobs, marking the strongest year in the state’s history. The new positions average about $91,000 annually, roughly...
U.S. Job Growth Hits 64,000 in November
U.S. nonfarm payrolls rose by 64,000 in November, following October’s payrolls, which fell by a revised 105,000, the Bureau of Labor Statistics reported. Most of November’s gains came from health care, which added 46,000 jobs, while construction and social assistance...
Port of Brownsville Generates $22.7B in Trade, Supported 101,000 Jobs
A new Comptroller’s office study details the Port of Brownsville’s growing role in the Texas economy, underscoring its position as the only deepwater seaport on the Texas-Mexico border. Shipping activity through the port totaled $22.7 billion in trade in 2024,...
Manufacturers Plan Price Hikes as Tariff Pressures Persist
According to Institute for Supply Management’s December 2025 Supply Chain Planning Forecast, manufacturers are increasingly planning to raise sales prices as tariffs drive up input costs. The survey shows 32% of manufacturers expect to pass along at least some...
LS Cable & System Announces $689M Expansion in Chesapeake, Virginia
LS Cable & System plans a $689 million expansion in Chesapeake, Virginia, marking the single largest capital investment in Hampton Roads history, which is expected to create more than 430 new jobs. The project will establish a domestic supply chain for copper rod,...
Grupo Vialume to Invest $4.4M, Create 150 Jobs in Southwest Georgia
São Paulo-based Grupo Vialume will establish its first U.S. manufacturing and recycling hub in Colquitt-Miller County with a $4.4 million investment. The project is expected to create 150 jobs and support production of advanced visibility solutions for transportation...
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