Economic Development News

Lifeway Foods has begun the second phase of its $45 million expansion at its Waukesha, Wisconsin facility, aiming to double kefir production by 2026. The project adds new fermentation, cooling, and bottling systems to meet growing demand. Company and local leaders...

Bay Area chip-design software maker Synopsys will cut about 10% of its workforce, or more than 2,000 employees, as part of a restructuring plan following its $35 billion acquisition of Ansys. The company expects up to $350 million in costs tied to severance and other...

The University of Michigan’s Index of Consumer Sentiment dropped to 50.3 in November, down 6.2% from last month and nearly 30% lower than a year ago, marking its weakest reading since June 2022. The decline was driven largely by concerns over the federal government...

A new OneSpartanburg, Inc. report found that construction projects completed or underway in Downtown Spartanburg, South Carolina, since 2017 will generate $1.77 billion in economic impact and create 13,706 jobs. Developments include new hotels, multifamily housing,...

Boeing has begun construction on a $1 billion expansion of its North Charleston campus to boost 787 Dreamliner production and create 1,000 new jobs in the Lowcountry. The project will add over one million square feet of new facilities, including assembly, paint, and...

French electrical systems manufacturer Socomec will invest nearly $10 million to open a new facility in Suwanee, Gwinnett County, adding 300 jobs to the region. The project expands the company’s U.S. footprint to support North America’s growing energy and...

Amazon has recently laid off roughly 660 corporate employees across nine New York City office locations. The majority of affected positions are in technology roles. The job cuts are part of a larger strategy to streamline operations, following prior announcements of...

A recent Industrial Media poll of manufacturing and engineering professionals found that 46% believe closing the workforce skills gap is most critical to U.S. manufacturing’s future, ahead of maintaining tech leadership (28%) and rebalancing global trade (25%)....

The potential removal of Milwaukee’s I-794 could reduce annual economic activity by hundreds of millions of dollars by increasing travel times for freight, commuting, and visitors, according to a new study commissioned by the Commercial Association of Realtors...

Applied Optoelectronics Inc. (AOI), a leading provider of optical and hybrid fiber coax networking products, is onshoring part of its international manufacturing to Sugar Land, Texas, with a $150 million investment. The expansion includes a new 210,000-square-foot...