Economic Development News
The latest trends, news and insights on economic development.
Report: Clean Energy Sector Added Nearly 100,000 Jobs in 2024, but Momentum is Slowing
A new report from E2 shows clean energy jobs in the U.S. grew more than three times faster than the overall economy in 2024, adding nearly 100,000 positions and bringing the sector’s total to 3.56 million. But growth has slowed since Donald Trump returned to office,...
Denver Appoints New Members to Downtown Development Authority
The City and County of Denver announced new appointments to the Denver Downtown Development Authority Board of Directors, expanding it to seven members. Mary Nguyen, a leader in Denver’s culinary scene, and Patty Salazar, a seasoned regulatory and legislative...
Microsoft to Invest $4B in 2nd Wisconsin AI Data Center, to Create 800 Jobs
Microsoft will invest $4 billion to build a second AI data center in Racine County, Wisconsin, creating 800 new jobs. The project adds to a $3.3 billion facility under construction in Mount Pleasant, bringing the company’s total investment in the state to more than $7...
$200M El Paso, TX Deck Plaza Project Projects $1B Economic Impact
A proposed $200 million, 6.5-acre Deck Plaza over I-10 in Downtown El Paso, TX could generate nearly $1 billion in economic impact over 30 years, and attract up to 1.5 million visitors annually. The project, now in the design phase, would feature public amenities like...
$100K H-1B Fee Sparks Fears of Slowed Economic Growth
Donald Trump has imposed a new $100,000 fee on H-1B visa applications, a 60-fold increase from the current cost, in a move aimed at pushing companies to hire more American workers. Economists warn the measure could slow U.S. growth by curbing access to skilled foreign...
U.S. Manufacturing Has 3.8 Million Job Openings, But Talent Gap Could Leave Majority Unfilled
A new Deloitte and Manufacturing Institute report highlights the urgent need to strengthen the U.S. manufacturing talent pipeline. The U.S. manufacturing industry may need to fill as many as 3.8 million jobs over the next decade, following strong post-pandemic growth...
Port San Antonio Fuels $20 Billion Boost to Texas Economy
Port San Antonio generated $20 billion for the Texas economy last year, according to a new report highlighted by Texas Comptroller Kelly Hancock during a visit to San Antonio. The 1,900-acre trade and education hub supports nearly 18,000 jobs in cybersecurity,...
B. Braun to Invest $20M for Medical Device Manufacturing Facility Expansion in Pennsylvania
B. Braun will invest $20 million to expand and modernize its medical device manufacturing facility in the Lehigh Valley, creating at least 200 new full-time jobs while retaining more than 1,700 existing positions. The project, supported by $1.5 million in state...
ZF Chassis Systems Duncan Expands in South Carolina With $55M Investment
ZF Chassis Systems Duncan is investing $55.4 million to expand its operations in Spartanburg County, South Carolina, a move that will create 30 new jobs. The project includes a new 477,360-square-foot facility at 171 International Park Drive to increase production...
GSA Rehires Staff After Deep DOGE Reductions Backfire
The General Services Administration is recalling employees laid off in Elon Musk’s sweeping cost-cutting push, as it admitted the cuts left it “broken and understaffed.” An internal memo cited by the Associated Press said workers must decide whether to return, with...
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