Economic Development News
The latest trends, news and insights on economic development.
Tariffs and Financing Challenges Hit Manufacturing Construction
Construction activity outside data centers is slowing as contractors face rising labor and material costs, tighter financing, and a slowdown in new deals. Data center projects remain the primary driver of nonresidential growth, but manufacturing, commercial, and...
Autokiniton to Close Five Detroit Manufacturing Sites, 133 Jobs Cut
Auto supplier Oakland Stamping LLC, doing business as Autokiniton, will permanently close five Detroit facilities, resulting in 133 layoffs, according to a WARN notice filed with the state. The affected sites are located on Woodland Avenue, Rosedale Court, and Oakland...
EV Manufacturing Projects Threatened as DOE Weighs Cutting Grants
The U.S. Department of Energy is reportedly considering canceling about $1.1 billion in federal grants promised to General Motors and Stellantis to support their transition to electric vehicle production. The move would rescind $500 million earmarked for GM’s Lansing...
Meiden America Switchgear Expands in Laurens County with $9.2M Investment
Meiden America Switchgear, Inc. (MAS) will invest $9.2 million to expand its operations in Laurens County, South Carolina, creating 43 new jobs. The project will add 37,000 square feet of production space and 7,500 square feet of office space to its facility, enabling...
Google Commits $9B to Grow Cloud and AI Operations in South Carolina
South Carolina is set to become a major technology hub as Google commits $9 billion through 2027 to grow its cloud and AI infrastructure. The funds will support the expansion of its Berkeley County campus and the construction of two new data centers in Dorchester...
Over 1,000 Illinois Workers Face Layoffs Across Multiple Industries
More than 1,000 Illinois workers are set to lose their jobs, according to September WARN notices filed with the state, spanning multiple industries including health care, logistics, manufacturing, retail, and transportation. The layoffs include 289 at Weiss Memorial...
Judge Temporarily Blocks Trump’s Plan to Lay Off 10,000 Federal Workers
A federal judge in San Francisco temporarily blocked President Donald Trump’s plan to lay off thousands of federal employees during the ongoing government shutdown, which has stretched into its third week. The restraining order came after unions sued, arguing that the...
SK Food Group Opens $200 Million Sandwich Plant in Tennessee, Plans 840 Jobs
SK Food Group has opened a $200 million, 350,000-square-foot manufacturing facility in Cleveland, Tennessee, producing customized sandwiches and wraps under various brand names. The Phoenix-based company employs about 200 people at the site and plans to grow its...
Ypsomed to Build $248 Million U.S. Auto-Injector Plant, Creating 200 Jobs in North Carolina
Swiss medical device maker Ypsomed will invest 200 million Swiss francs ($248 million) to open its first U.S. manufacturing plant in Holly Springs, North Carolina, creating up to 200 jobs as demand for self-injectors rises. The investment follows President Trump’s...
Amazon to Cut 15% of HR Staff Amid AI-Focused Restructuring
Amazon plans to lay off about 15% of its human resources workforce, affecting its People eXperience and Technology (PXT) division of more than 10,000 employees. The move is part of a broader effort to reduce employee costs while investing $100 billion in AI and cloud...
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