Economic Development News
The latest trends, news and insights on economic development.
Big Rapids Township, MI Bans Data Centers in Airport Industrial Park
Big Rapids Township trustees voted to adopt an amended ordinance that removes data centers as a permitted use in the Big Rapids Airport Industrial Park. Township officials said the change fine-tunes the district’s original intent to attract light industry while...
Louisiana Environmental Groups Sue EDC Over Industrial Deal NDAs
Two environmental justice groups, Rural Roots Louisiana and the Louisiana Bucket Brigade, filed lawsuits against Ascension Parish government and the Ascension Economic Development Corp, alleging violations of Louisiana open meetings and public records laws tied to...
Anthropic Plans $50 Billion AI Data Centers in New York and Texas
Anthropic will build new data centers in New York and Texas with a $50 billion investment, which will power Anthropic’s AI products and support future innovation. The project is estimated to create 2,400 construction jobs and 800 permanent positions. The project...
New Legislation Aims to Drive Michigan’s 10-Year Economic Development Strategy
The Michigan Senate passed bipartisan legislation led by Sen. Mallory McMorrow to establish a 10-year statewide economic development plan aimed at addressing stagnant population growth, an aging workforce, and financial struggles among residents. The plan includes...
FRBNY: Consumer Inflation Expectations and Living Costs Turn Less Favorable
The Federal Reserve Bank of New York’s Center for Microeconomic Data's November 2025 Survey of Consumer Expectations found that overall inflation expectations remained steady. Expected medical care costs climbed to their highest level since January 2014, while...
SLB Invests $30M to Expand Shreveport Operations, Adding 1,344 Jobs
SLB is investing $30 million to expand its Shreveport facility, enhancing production of digital infrastructure and data center equipment. The project is expected to create 600 direct new jobs and 744 indirect positions, generating a total of 1,344 new opportunities in...
Four Projects to Bring 1,300 Jobs, $240 Million in Investments to Michigan
Michigan has approved four major business projects that will create more than 1,300 jobs and over $240 million in investment statewide. The projects include Teradyne’s new robotics operations hub in Wixom, Eccalon’s Detroit headquarters, HealthBridge Financial’s...
S&S Activewear to Cut 128 Jobs in York County, PA Distribution Center Closure
S&S Activewear will close its Fairview Township distribution center, resulting in 128 job losses by April, according to a new WARN notice filed with Pennsylvania labor officials. The move marks the second mass layoff announcement at the same location this year,...
Minnesota’s National Sports Center Generates Over $1 Billion in Economic Impact
Minnesota’s National Sports Center has evolved from a $14.7 million state investment into an economic engine generating more than $1 billion since opening. The sports campus drew $71 million in direct visitor spending in 2024 alone. The facility’s growth shows how...
Cal Poly Humboldt: Driving $717.8M in Economic Impact and 6,600 Jobs
Cal Poly Humboldt supports 6,600 jobs and generates $717.8 million in economic activity, playing a key role in California's North Coast region. The CSU system overall drives 210,800 jobs and contributes $31.6 billion statewide, underscoring its importance in workforce...
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