Economic Development News

Wisconsin saw a surge in layoffs last month, with six companies reporting closures that will impact 747 workers, up sharply from 93 in August. The cuts include 252 at Air Wisconsin, 240 at Saputo Cheese USA in Green Bay, 104 at Sheridan Random Lake, 59 at 360x...

Americans grew more pessimistic about the economy in September, pushing the Conference Board’s consumer confidence index down to 94.2. Survey responses showed heightened concerns over inflation and ongoing unease about the job market. The report also shows that...

Irish companies Kerry and Tate announced a combined $45.5 million investment to expand operations in Pennsylvania. Kerry will spend $43 million to establish a coffee extract manufacturing facility in Bethlehem, creating at least 61 new jobs, while Tate will invest...

Pacific Fusion will invest $1 billion to build its first Research and Manufacturing Campus at Mesa del Sol in Albuquerque, New Mexico. The project, expected to create more than 200 long-term positions and hundreds of construction jobs, cements the state’s leadership...

Private sector payrolls fell by 32,000 in September, the sharpest decline in more than two years, according to ADP. The decline was across various industries, led by losses in leisure and hospitality and business services, though education and health care added 33,000...

West Virginia’s tourism industry generated a record $9.1 billion in economic impact last year, surpassing pre-pandemic levels and outpacing national growth. Visitors generated $6.6 billion in spending, supported nearly 61,000 jobs, and delivered $1.1 billion in tax...

Connecticut is investing $50.5 million to boost biotech and quantum technology growth in New Haven, with projects ranging from new public infrastructure to industry collaboration hubs. The funding includes $1.3 million for an “activation space” at 101 College St....

U.S. Steel’s board has approved two new major capital projects as part of its strategic partnership with Nippon Steel, which include improvements on its facilities in Indiana and Pennsylvania. A $100 million slag recycler in Pennsylvania and a $200 million upgrade to...

The U.S. cable industry generates $568.7 billion in economic output and supports 1.3 million jobs, according to a new report from NCTA. Cable broadband providers alone drive $366 billion in impact and support nearly 888,000 jobs, while cable programmers contribute...

Capital One Financial will cut about 382 jobs tied to Discover Financial Services’ headquarters in Riverwoods, Illinois, as part of its ongoing integration after acquiring Discover. Most cuts will take effect Nov. 17, with the final separations occurring by March...