Economic Development News
The latest trends, news and insights on economic development.
Over 3,500 Arizona Jobs Affected by Q4 Layoff Notices
More than 3,500 jobs in Arizona have been impacted by layoff notices from seven organizations, including shifts to contract work and federal positions restored after the government shutdown. The seven organizations that reported reductions include: Arizona Autism...
Costco Joins Legal Challenge Over Trump Tariffs
Costco has filed a lawsuit to secure potential refunds if the Supreme Court rules against Trump-era tariffs, joining mostly small businesses and state officials in challenging the policy. The company said it acted because uncertainty over whether all businesses will...
ISM Data: Tariff Uncertainty Deepens U.S. Manufacturing Contraction
The U.S. manufacturing sector contracted at a faster pace in November, with the ISM Purchasing Managers’ Index slipping to 48.2% as tariff-related pressures weigh on the industry. Weakness in new orders, employment, and backlogs contributed to the decline, along with...
BioTouch to Invest $12.5M, Create 480 Jobs in Columbus, Georgia
Healthcare logistics company BioTouch will invest $12.5 million to expand its two Columbus, Georgia facilities, creating 480 new jobs over the next four years. The expansion will enhance BioTouch’s manufacturing capabilities for medical testing and sample collection...
GE Appliances Rolls Out $150M in New U.S. Supplier Contracts
GE Appliances is directing over $150 million in new contracts to U.S. suppliers as it builds out its upcoming laundry machine plant in Louisville, Kentucky. The funding is part of the company's broader push to localize its supply chain, complementing more than $3...
GM Commits $250M to Modernize Parma Metal Center in Ohio
General Motors is investing $250 million to upgrade its Parma Metal Center, which produces sheet metal parts for several U.S. vehicle assembly plants. The investment is part of GM’s broader $5.5 billion 2025 manufacturing spending plan and aims to strengthen domestic...
U.S. Job Market Pressures Weigh on Young College Graduates
The U.S. job market is tightening for recent college graduates, with bachelor’s degree holders making up one-fourth of total unemployed Americans and facing fewer entry-level opportunities. Layoffs are rising, with big companies cutting thousands of jobs and overall...
Flash Manufacturing PMI: U.S. Manufacturing Growth Slows, But Optimism Rises
The S&P Global Flash U.S. Manufacturing PMI fell to 51.9 in November, a four-month low, driven by weaker factory production and declining new and export orders. Inventories hit record highs and supplier delivery times lengthened, signaling challenges for...
Lawsuit Seeks to Block 1,037-Acre Data Center in Yorkville, IL
In Yorkville, Illinois, a new lawsuit seeks to halt Project Cardinal, a 14-warehouse, 1,037-acre data center, over concerns that it will create excessive noise and lower property values for nearby residents. The city and developers, Pioneer Development, LLC, argue...
Amazon to Invest $15B in Indiana AI Data Centers
Amazon will invest $15 billion in multiple northwest Indiana data center campuses to support artificial intelligence workloads, creating roughly 1,100 permanent tech jobs and thousands of construction roles. The project includes a special power arrangement to prevent...
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