Economic Development News

San Diego City Council unanimously approved a plan to raise the minimum wage for certain hospitality workers to $25 an hour by 2030, with incremental increases starting in 2026. The phased approach will benefit hotels with at least 150 guest rooms, event center, and...

Texas continues to face a wave of mass layoffs, with nearly 500 jobs lost across Texas in September. Condair Group will close its Center plant, cutting 51 positions, while Houston sees 92 jobs eliminated at Essendant’s fulfillment center and 355 positions cut at...

Small businesses are showing signs of resilience as earnings climb in August. Biz2Credit’s latest Small Business Earnings Report shows average monthly earnings rose nearly 10% in August to $101,800, the first time above $100,000 since September 2024. The gains reflect...

Plastic Manufacturer Ring Container Technologies will invest $77 million to open a new manufacturing plant in Whitestown, Indiana’s Park 130 Business Park, set to launch in mid-2026. The project is expected to create 56 job and diversify Boone County’s economy, which...

Riverstone Logistics will relocate its headquarters from Charlotte to Rock Hill, South Carolina, investing $16.4 million to establish its first state operation in York County. The move will create 159 new jobs and position the company to expand its final-mile delivery...

Oregon is facing a surge in job losses. Oregon employers have reported more than 11,000 layoffs since early 2024, averaging over 600 job cuts a month this year. That pace mirrors the mass layoffs seen during the Great Recession, though the current unemployment rate...

The U.S. economy faces twin pressures as the labor market weakens and the housing crunch intensifies, raising fears of a stalled growth. Unemployment has climbed to its highest level since 2021, while mortgage payments remain nearly double pre-pandemic levels,...

ABB is investing $110 million through 2025 to expand R&D and manufacturing of advanced electrification solutions across the U.S and Puerto Rico. The projects include new and expanded facilities in Mississippi, Virginia, and North Carolina, collectively creating...

Woodward, Inc. will invest nearly $200 million to establish a new manufacturing facility in Spartanburg County, South Carolina, creating about 275 jobs. The 300,000-square-foot plant in Smith Farms Industrial Park will produce servo-hydraulic actuation systems for...