Economic Development News

First Quality Retail Services, LLC is investing $142.2 million to expand its manufacturing operations in Mifflin County, Pennsylvania. The expansion will add four production lines, create 91 new jobs, and retain 2,441 existing positions statewide. The project includes...

Governor Gavin Newsom announced $99.9 million in California Competes Tax Credits awarded to nine companies, supporting the creation of 2,752 jobs and attracting over $370 million in private investment. Atomic Machines Inc. received $156.3 million, Bright Machines...

Twelve companies filed October WARN notices announcing layoffs and furloughs affecting over 1,500 Illinois workers. The affected companies include Ferrero USA (101), Spirit Airlines (90), Acero Charter Schools (152), Baker & Taylor (318), Chartwells (138),...

Verizon is preparing to cut at least 15,000 jobs and convert about 180 company-owned stores into franchises, a shift that could impact up to 20,000 positions when store conversions effects are included. The overhaul, aimed at reducing costs amid slowing customer...

Plastipak Packaging will add 200,000 square feet of warehouse space and up to five new production lines as part of its $53.8 million facility expansion in Rapides Parish, Louisiana. This move is expected to create 15 new direct jobs, an estimated of 25 indirect jobs,...

Google announced a $40 billion investment in Texas to expand cloud and AI infrastructure, marking its largest U.S. investment to date. The plan includes three new data center campuses, strengthenonh energy capacity initiatives, and workforce training programs across...

PepsiCo is shutting down its longtime Frito-Lay plant in Orlando, affecting 454 workers as part of a broader restructuring effort. A second Orlando warehouse will close in May 2026, bringing total affected employees across both sites to 500. The company says the...

The U.S. housing economy is projected to slow from 2.0% growth in 2024 to 1.1% in 2025, according to Fitch Ratings, as increasing tariffs, tighter construction labor, and weaker consumer and homebuilder sentiment weigh on the market. New home inventory is slightly...

According to a news study by Farm Credit of Central Florida, Florida’s green industry generated nearly $42 billion in total economic impact in 2023, supporting 279,041 jobs across nursery production, landscape services, florists, and related sectors. The sector’s...

First Solar will invest $330 million to build a one-million-square-foot module manufacturing facility in Gaffney, South Carolina, creating an estimated 600 jobs and producing Series 7 thin-film solar modules. The new plant, set to begin commercial operations in the...