Economic Development News

Hikma Pharmaceuticals has announced a $1 billion investment to expand its U.S. manufacturing and R&D operations by 2030, reinforcing its role as a major generic drug supplier amid growing tariff uncertainty. The investment targets facilities in Columbus and...

Electrical distribution transformer and technology products manufacturer Howard Industries is investing nearly $237 million to expand its operations across Clarke, Jones, and Simpson counties in Mississippi, creating 450 new jobs. The expansion will help the company...

President Trump is preparing to impose sharply higher “reciprocal” tariffs on over a dozen countries, with letters detailing new rates, some as high as 70%. The move marks the end of a three-month tariff moratorium and comes as few trade agreements have been...

According to BLS’ latest Job Openings and Labor Turnover Survey, U.S. job openings rose to 7.77 million in May, reaching a six-month high and surprising economists who expected a slowdown amid ongoing economic uncertainty. Gains were led by the accommodation and food...

U.S. manufacturing showed modest improvement in June, driven by stronger production and inventory activity despite continued weakness in demand and tariff-related uncertainty. The ISM’s Purchasing Managers’ Index rose to 49%, while production rose to 50.3% for the...

Tyson Foods is investing $23.5 million to expand and modernize its Robards, Kentucky facility, helping retain over 1,100 full-time jobs. The project will increase production capacity, expand product lines, and is set for completion by spring 2026. Supported by state...

Lactalis USA, a world leader in dairy products, is investing over $75 million to expand and modernize its Walton and Buffalo dairy facilities. The upgrades will retain over 800 jobs, create more than 50 new ones, and boost production of popular products like Galbani...

Alaska’s minimum wage will rise from $11.91 to $13 per hour on July 1, with further increases to $15 by 2027, along with new mandatory paid sick leave, following voter approval of Ballot Measure 1. Supporters say the measure will boost local spending and improve...

According to a recent report of Pioneer Institute, Massachusetts’ economic growth has slowed significantly since 2020, especially in its once-leading professional, scientific, and technical services sector. While the state still ranks second in real Gross State...

Minimum wage laws vary widely across the U.S., and businesses with employees in multiple states must navigate a patchwork of rates and rules. As of 2025, the federal minimum wage remains unchanged at $7.25 per hour, which hasn’t increased since 2009. Washington, D.C....