Economic Development News

Cencora announced plans to invest $1 billion over the next five years to expand its U.S. operations, including new high-tech distribution centers in Ohio and California. The upcoming 530,000-square-foot facility in Harrison, Ohio, will feature advanced automation and...

Freudenberg e-Power Systems will shut down its XALT Energy facilities in Midland and Auburn Hills, affecting 324 employees as demand for heavy-duty electric and hybrid vehicles declines. The company said the closures will occur in the coming months, with 230 jobs...

Tripadvisor is cutting around 600 jobs, or 20% of its workforce, as part of a broad restructuring aimed at unifying its Tripadvisor and Viator operations. The company said the move will create a simpler structure centered on AI integration and travel experiences, its...

Minority Business Enterprises certified by the National Minority Supplier Development Council generated $599.7 billion in economic output last year, supporting more than 2.2 million jobs and delivering $168 billion in wages. The NMSDC’s 2024 Minority Businesses...

Entegris has opened a $722 million Manufacturing Center of Excellence in Colorado Springs, Colorado, expanding domestic production of semiconductor wafer carriers. The 135,000-square-foot facility received nearly $100 million in local and federal incentives, including...

Amazon has broken ground on a $10 billion, 20-building data center campus in Richmond County, North Carolina, one of the largest capital projects in the state’s history. The facility, spanning nearly 800 acres, will create at least 500 jobs over five years to support...

In October, several U.S. packaging manufacturers announced layoffs and shutdowns that will affect more than 1,000 employees nationwide. Job losses include 171 at Dart Container, 285 at Georgia-Pacific, 85 at Greystone Manufacturing, 168 at Mauser Packaging, 180 at...

North Carolina Governor Josh Stein led a 51-member delegation to Tokyo and Taiwan to deepen trade and investment partnerships, highlighting the state’s growing appeal to Asian investors. In Tokyo, Stein met with Japanese executives at the SEUS/Japan Annual Joint...

Governor Glenn Youngkin announced a $120 million partnership with AstraZeneca, Eli Lilly, and Merck to establish the Virginia Center for Advanced Pharmaceutical Manufacturing, a training hub for advanced pharma manufacturing. Working with Virginia universities and the...