Economic Development News
The latest trends, news and insights on economic development.
Toyota Pours $912M Across Five U.S. Plants
Toyota will invest $912 million across five U.S. plants to ramp up its hybrid vehicle production, adding more than 250 jobs as part of its broader $10 billion U.S. manufacturing commitment. The funding will be distributed among its plants in Georgetown, Kentucky; Blue...
Lawmakers Push for National Reporting of AI-Linked Job Losses
A new bipartisan bill introduced by Senators Josh Hawley and Mark Warner would require major employers and federal agencies to report AI-driven layoffs to the Department of Labor for public tracking. With projections that AI could trigger up to 20% unemployment or...
Illinois Clean Slate Act Aims to Boost Workforce, Deliver Economic Gains
Illinois lawmakers have approved the “Clean Slate” Act, which will automatically seal or expunge eligible criminal records, though the governor has not yet indicated whether he will sign it. With 2.2 million Illinoisans qualifying for record relief, the automatic...
Industrial M&A Activity Set to Accelerate Amid Market Shifts
Industrial mergers and acquisitions (M&A) in 2025 started slowly due to tariffs and regulatory uncertainty, but experts see growing momentum as private equity firms, strategic buyers, and aging business owners pursue deals. Renewed interest in domestic...
Microsoft Expands Racine County Data Center Holdings with $38M Land Purchases
Microsoft Corp. has added 135 acres to its Mount Pleasant, Wisconsin, data center campus through lands purchases totaling around $38 million. The acquisitions bring the company’s total land holdings in the area to 2,005 acres, supporting ongoing development of...
Meta to Pump $600 Billion Into U.S. AI and Data Centers
Meta Platforms unveils plans to pour $600 billion across the United States over the coming years to expand its AI and data center infrastructure. The company said the investment will support workforce growth, advanced AI technologies, and sustainable facilities that...
U.S. Retail Hiring Slumps Ahead of Holiday Season
Retail-related job postings, including hospitality, retail shops, and food services, fell 16% in October compared with last year, signaling weaker demand ahead of the holiday season. Major retailers like Walmart and Target have not announced seasonal hiring plans,...
Potential Kansas City Chiefs’ Stadium Sparks Debate Over Economic Impact
The Kansas City Chiefs have issued a request for proposals and are negotiating for land near the Kansas Speedway as a possible site for a new stadium, though no final location has been selected. Local officials say the project could increase tourism and spur...
U.S. Economy Expected to Rebound to 3–4% Growth by Early 2026
White House economic adviser Kevin Hassett said the U.S. economy is projected to return to a 3–4% growth rate by the first quarter of 2026, following a slowdown caused in part by the government shutdown. While some losses from the shutdown are permanent, Hassett said...
Maricopa County Receives $1.5M Grant for Advanced Manufacturing Training
Maricopa County has been awarded $1.5 million from the U.S. Department of Labor to train and upskill workers in advanced manufacturing. The funds, distributed through the Arizona Department of Economic Security, will help Boeing and other partners train up to 469...
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