Economic Development News

With a $3 million performance-based grant support from from the Michigan Strategic Fund, TORC Robotics is investing $5.6 million in a new facility in Ann Arbor Township, bringing up to 500 high-wage jobs to Michigan. The facility will focus on developing autonomous...

Nashville construction workers are speaking out about wage theft on major projects as the city’s construction industry boom continues. Labor advocates allege wage theft on major projects like the Pinnacle Venue and several Chartwell Residential sites, totaling tens of...

Retailers across the U.S. are re-ticketing inventory with price hikes ranging from 8% to 15%, according to ITS Logistics, as tariff pressures and rising costs ripple through distribution chains. Items affected include apparel and consumer goods, with millions of units...

EdgeCore Digital Infrastructure plans to invest over $17 billion in a high-density data center campus in Louisa County, marking the largest business investment in Virginia’s history. Spanning 697 acres, the project could support more than 1.1 gigawatts of power and...

AVL Manufacturing will invest $79 million to open a 232,000-square-foot power enclosure facility in Charlotte, North Carolina, creating 300 new jobs. The plant, slated to open in September 2025, will produce genset enclosures that protect backup power systems used by...

U.S. companies have announced over 6,96,309 job cuts so far in 2025, an 80% increase from the same period last year, driven largely by rapid AI adoption. Tech firms like Amazon, Google, and Microsoft continue to lead in layoffs, with the sector cutting more than...

Retailers are accelerating returns processing as tariffs increase the cost of new goods, making returned items a valuable source of inventory. Reverse logistics, which is the process of inspecting, repairing, and reselling returned items, is booming, with the U.S....

Linde is investing more than $400 million to construct the largest air separation unit along Louisiana’s Mississippi River corridor in Ascension Parish. The project will supply oxygen and nitrogen to the Blue Point low-carbon ammonia plant, create 15 new high-paying...