Economic Development News
The latest trends, news and insights on economic development.
Amazon Lays Off 660 Jobs in NYC
Amazon has recently laid off roughly 660 corporate employees across nine New York City office locations. The majority of affected positions are in technology roles. The job cuts are part of a larger strategy to streamline operations, following prior announcements of...
Poll: Skills Gap Is U.S. Manufacturing’s Biggest Challenge
A recent Industrial Media poll of manufacturing and engineering professionals found that 46% believe closing the workforce skills gap is most critical to U.S. manufacturing’s future, ahead of maintaining tech leadership (28%) and rebalancing global trade (25%)....
Study Warns I-794 Removal Could Slow Milwaukee’s Economy
The potential removal of Milwaukee’s I-794 could reduce annual economic activity by hundreds of millions of dollars by increasing travel times for freight, commuting, and visitors, according to a new study commissioned by the Commercial Association of Realtors...
AOI Invests $150M to Grow Sugar Land, Texas Operations
Applied Optoelectronics Inc. (AOI), a leading provider of optical and hybrid fiber coax networking products, is onshoring part of its international manufacturing to Sugar Land, Texas, with a $150 million investment. The expansion includes a new 210,000-square-foot...
Vallourec Invests $48 Million to Expand Youngstown, OH Plant, Adding 40 Jobs
Vallourec, a company specializing in premium tubular solutions, is investing up to $48 million to expand its North American production facility in Youngstown, Ohio. The project is expected to create 40 full-time jobs and strengthen the regional energy and industrial...
Scout Motors Picks Charlotte, NC for $206.9M Headquarters, Bringing 1,200 Jobs
Scout Motors will invest $206.9 million to build its new 300,000-square-foot headquarters in Charlotte, NC, bringing 1,200 jobs with an average salary of nearly $173,000. Supported by a performance-based JDIG grant, state officials project the move will generate $4.8...
Leprino Foods Plant Closure to Cut 300 Jobs in Lemoore, California
Leprino Foods to Shutter Lemoore Plant, Cutting 300 Jobs Leprino Foods plans to close its Lemoore, California dairy plant, a move that will eliminate more than 300 jobs and deepen economic strain in the rural community. Company officials cited the facility’s age, high...
Georgia Legislation Aims to Streamline Workforce Entry
Georgia lawmakers are advancing new legislation to help workers transition more quickly from training to employment as the state anticipates adding over 500,000 jobs by 2030. Senate Bill 125 removes a four-year experience requirement for engineering graduates to take...
Kansas City Residents Sue to Block $12B Data Center Project
Kansas City residents have filed a lawsuit to halt Red Wolf DCD Properties’ proposed $12 billion hyperscale data center, which would be the largest development in Wyandotte County’s history. The suit claims local officials rushed zoning approvals without fully...
Miller Industries Investing $43M to Expand Manufacturing Operations in Michigan
Miller Industries, a family-owned maker of modular building systems and precision components, is investing $43 million to expand its operations in Fenton, Michigan. The project includes a new 270,000-square-foot facility serving semiconductor and electrical substation...
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