Economic Development News

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...

California has awarded $15 million in grants to 14 tribal governments and organizations to support economic development and workforce training. The funding, announced by Governor Newsom and the California Jobs First Council, will support initiatives focused on job...

Arizona’s job market remains steady at midyear, but unemployment has risen slightly to 4.1%, up from 3.4% a year ago. Major layoffs have already surpassed last year’s midyear total, with over 5,700 jobs affected across 50 WARN notices. The largest cuts came from...

A new poll by the Center for Union Facts shows that a majority of Los Angeles voters, including those in union households, believe the city's $30 minimum wage for hotel and airport workers could lead to job losses and higher consumer costs. The wage hike, approved by...

Bakersfield has been ranked California’s top “economic bellwether” city in a new MarketBeat study, recognized for showing early signs of economic shifts like hiring changes and inflation sensitivity. The city’s key industries, which are oil, agriculture, and freight,...