Economic Development News
The latest trends, news and insights on economic development.
Regeneron to Invest $2B, Create 1,000 Jobs in Saratoga Springs, New York
Biotech giant Regeneron Pharmaceuticals plans to invest $2 billion to establish manufacturing operations in Saratoga Springs, New York, creating 1,000 new jobs. The project will renovate a 1-million-square-foot facility on Duplainville Road and is supported by up to...
Providence Swedish to Cut Nearly 300 Jobs Amid Financial Pressures
Providence Swedish plans to eliminate nearly 300 positions across its Puget Sound hospitals and clinics, affecting about 3.8% of its roughly 7,700 Seattle employees due to new state taxes, federal cuts, and reduced Medicaid and Medicare reimbursements. The layoffs...
Report: Port NOLA Supports 342k Jobs and Spurs $101.5B in Economic Activity
The Port of New Orleans reported strong growth across cargo, rail, and industrial real estate, with 2024 marine cargo activity generating $101.5 billion in U.S. economic value, including $31.5 billion for Louisiana, and supporting 342,150 jobs nationwide, 122,386 of...
$5 Billion in SBA Loans Frozen During Government Shutdown
The record-long federal government shutdown left roughly 10,000 small businesses nationwide unable to access $5.3 billion in SBA-backed loans, affecting manufacturers, retailers, and health care providers. While the shutdown has ended, a backlog remains, delaying...
North Carolina Secures $1.8B Investment from Five Companies; 3,000 New Jobs to be Added
Five companies announced plans to invest more than $1.8 billion across North Carolina, spurring the creation of 3,000 jobs across industries from manufacturing to life sciences and finance. The projects include Vulcan Elements in Benson, Maersk in Charlotte, FIT...
CSL Pledges $1.5B to Expand U.S. Plasma Manufacturing
CSL is investing about $1.5 billion to expand its U.S. manufacturing footprint for plasma-derived therapies, aiming to strengthen the domestic supply chain and meet growing clinical demand. The Australian biopharma giant says the move will create hundreds of...
Michigan Proposes Tax Breaks for Job Creation
House Republicans introduced the “Real Jobs for Michigan” legislation, offering companies tax breaks for each new employee they hire, starting with the very first position. Businesses could keep half of the state income tax withholdings from new full-time employees...
Dallas’ DART Station Development Spurs $18B Economic Impact
A University of North Texas study finds that development around Dallas Area Rapid Transit (DART) light-rail stations has contributed $18.1 billion to North Texas’ economy over the last 25 years. Transit-oriented developments built near DART stations from 2022-2024...
U.S. Removes Tariffs on Agricultural Products
President Donald Trump issued an executive order exempting 237 classifications and eleven categories of agricultural products classifications from reciprocal tariffs, citing progress on multiple trade deals. The exclusions, covering items such as coffee, bananas,...
Salesforce to Grow Georgia Operations with $15M Investment
Salesforce will invest $15 million to expand its Georgia operations, adding more than 250 jobs in Fulton County by 2028. State and local leaders said the decision reflects Atlanta’s strong talent pool, business climate, and growing role as a hub for technology and...
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