Economic Development News

Senior officials from the Pennsylvania Department of Community and Economic Development recently went to Ireland to promote international investment, trade, and tourism as part of the Shapiro Administration’s economic development strategy. The delegation met with...

According to a new economic impact study by the firm Lightcast, the University of Illinois Springfield contributed $943.2 million to the Illinois economy in fiscal year 2023. The report found that UIS supports more than 9,093 jobs statewide, with alumni accounting for...

Meta is expanding its Montgomery Data Center, raising its total investment in Alabama’s capital region to more than $1.5 billion. Once complete, the campus will span over 1.3 million square feet, support more than 100 operational jobs, and employ 1,500 workers at peak...

The North Carolina Board of Science, Technology & Innovation has awarded $4.12 million in grants to 90 small businesses through the One North Carolina Small Business Program. The funding supports companies across 21 counties that are developing innovations in...

San Diego City Council unanimously approved a plan to raise the minimum wage for certain hospitality workers to $25 an hour by 2030, with incremental increases starting in 2026. The phased approach will benefit hotels with at least 150 guest rooms, event center, and...

Texas continues to face a wave of mass layoffs, with nearly 500 jobs lost across Texas in September. Condair Group will close its Center plant, cutting 51 positions, while Houston sees 92 jobs eliminated at Essendant’s fulfillment center and 355 positions cut at...

Small businesses are showing signs of resilience as earnings climb in August. Biz2Credit’s latest Small Business Earnings Report shows average monthly earnings rose nearly 10% in August to $101,800, the first time above $100,000 since September 2024. The gains reflect...

Plastic Manufacturer Ring Container Technologies will invest $77 million to open a new manufacturing plant in Whitestown, Indiana’s Park 130 Business Park, set to launch in mid-2026. The project is expected to create 56 job and diversify Boone County’s economy, which...

Riverstone Logistics will relocate its headquarters from Charlotte to Rock Hill, South Carolina, investing $16.4 million to establish its first state operation in York County. The move will create 159 new jobs and position the company to expand its final-mile delivery...

Oregon is facing a surge in job losses. Oregon employers have reported more than 11,000 layoffs since early 2024, averaging over 600 job cuts a month this year. That pace mirrors the mass layoffs seen during the Great Recession, though the current unemployment rate...