Economic Development News

The EPA will cut its workforce by over 23% and shut down its Office of Research and Development as part of a Trump administration effort to downsize the federal government, shrinking its staff from 16,155 to 12,448. The restructuring, expected to save $748.8 million,...

Vantage Data Centers is investing nearly $3 billion to build a 224MW hyperscale data center campus in Storey County, Nevada, creating over 1,200 jobs. Spanning 137 acres, the NV1 campus will feature four LEED-certified data centers designed to support high-density AI...

Defense contractor Anduril Industries is receiving a $310 million grant from Ohio’s JobsOhio program to support construction of its advanced manufacturing facility near Columbus. The 5-million-square-foot "Arsenal 1" site will produce military drones and autonomous...

Grand Rapids has been named the No. 1 metro area for jobs in LinkedIn’s “Cities on the Rise” list. The city earned top marks for its growing tech, insurance, healthcare, and manufacturing sectors, plus its affordability and vibrant downtown. Local leaders hope the...

The U.S. faces its highest risk of recession since the COVID-19 pandemic, with Moody’s Analytics raising the 12-month probability to 47.6pc amid Donald Trump’s tariff and immigration crackdowns. Economists point to declining consumer spending and reduced foreign-born...

Walmart is laying off hundreds of employees as part of a broad restructuring aimed at streamlining operations and simplifying its market support structure. The cuts affect store support, training divisions, and Walmart Academy, with roles like market coordinators and...

Rolls-Royce will invest $75 million to expand its Aiken, South Carolina plant, boosting production of its mtu Series 4000 engines used in backup power systems. The project will create 60 new full-time jobs and expand the facility’s role in supporting essential...

Chevron Corporation plans to invest $5 billion in building a blue hydrogen and ammonia plant in Port Arthur, Texas, with construction targeted to begin in 2027. The company is requested funding as part of the state’s federally-funded HyVelocity Hub and 45V clean...

A new nonpartisan study finds that recent federal Medicaid cuts could cost Wyoming 192 jobs per year and reduce household income by $73 million over five years. In contrast, expanding Medicaid could create 2,200 jobs and boost the state’s GDP by more than $300 million...