Economic Development News

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 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...

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 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 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 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...

Saronic Technologies is investing $300 million to boost the production of its autonomous vessel shipyard in St. Mary Parish, creating 1,500 direct jobs. The project will add over 300,000 square feet of space, including new slips, a warehouse, and a vessel assembly...

DrinkPAK, a manufacturer of canned beverage, is investing $195 million to establish its first Pennsylvania manufacturing facility in Philadelphia’s Bellwether District, creating 174 new jobs over the next three years. The 1.4 million-square-foot plant will serve as...

The U.S. manufacturing sector saw 329,000 job separations in October, slightly higher than September, while job openings rose 6.5% month-over-month to 410,000. Gains in beverage, tobacco, and machinery sectors were offset by significant layoffs in transportation...