Economic Development News

Amazon plans to lay off about 15% of its human resources workforce, affecting its People eXperience and Technology (PXT) division of more than 10,000 employees. The move is part of a broader effort to reduce employee costs while investing $100 billion in AI and cloud...

The U.S. economy is expected to grow 1.8%, up from a 1.3% forecast in June, according to the National Association for Business Economics, which also projects 1.7% growth in 2026. The group’s survey of 40 economists found that easing interest rates and stronger...

Nine months into Donald Trump’s presidency, 74% of Americans say their monthly household expenses have increased by at least $100, according to a new Harris poll, despite Trump’s claims that prices are “way down.” Many voters across political parties continue to cite...

Stellantis announced a $13 billion investment plan to increase U.S. vehicle production by 50% and add over 5,000 new jobs across plants in Illinois, Ohio, Michigan, and Indiana. The plan includes reopening the Belvidere Assembly Plant in Illinois, building a new...

French quantum computing company Pasqal will invest $65 million to establish its first U.S. headquarters at Chicago’s Illinois Quantum and Microelectronics Park, creating at least 50 new jobs. The facility, expected to open in 2027, will house what Pasqal says will be...

Amazon is adding 250,000 full-time, part-time, and seasonal positions across its U.S. fulfillment and transportation network, including its largest hub at CVG in Northern Kentucky. The company is investing over $1 billion in additional pay and benefits, bringing...

A new Deloitte survey shows that 57% of U.S. consumers expect the economy to weaken in the year ahead, which is the most negative outlook since the firm began tracking sentiment in 1997. Shoppers plan to spend an average of $1,595 this holiday season, about 10% less...

A new report from the Texas Comptroller’s office shows AllianceTexas generated $834.6 million in international trade in 2024, marking a 550.7% increase since 2016. Acting Comptroller Kelly Hancock said the logistics hub exemplifies how innovation and infrastructure...

Louisiana has launched FastSites, a $150 million program aimed at transforming land and existing infrastructures into project-ready sites for new investments. The program, funded through the Site Investment and Infrastructure Fund created by Act 365, emphasizes speed,...

Axium Packaging will invest $45 million in a new 300,000-square-foot facility in Jersey Township, expanding tube manufacturing operations and adding a specialized warehouse. The project, which will create 70 new jobs and retain over 1,200 existing positions, will...