Economic Development News
The latest trends, news and insights on economic development.
GE Appliances to Invest $490 Million in Louisville, Kentucky Washer Plant
GE Appliances announced a $490 million investment to build its most advanced washer manufacturing plant at its Louisville, Kentucky headquarters, reshoring production from China and creating 800 new full-time jobs. The move strengthens Kentucky’s role as a hub for...
Cheniere Moves Ahead with $2.9B LNG Facility Expansion in Corpus Christi
Liquefied natural gas exporter Cheniere Energy is moving forward with a $2.9 billion expansion at its Corpus Christi LNG facility, which is expected to increase annual production by 3 million metric tons. Combined with a debottlenecking project the company will also...
New Hampshire Seeks Stronger Canada Economic Ties with Trade Mission in September
New Hampshire Governor, Kelly Ayotte, will lead a trade mission to Canada this September to deepen economic ties between New Hampshire and its northern neighbor. Canada is a key economic partner for the state, accounting for $1.2 billion in exports and $1.7 billion in...
US Jobless Claims Climb Sharply, Highest Since 2021
Recurring jobless claims in the U.S. climbed to their highest level since November 2021, pointing to a labor market where unemployed workers are taking longer to find new jobs. Initial claims, however, dipped, which together with the increase in recurring claims...
U.S. GDP Shrinks 0.5% in First Quarter, Revised Estimate Shows
In its third and final estimate, the Commerce Department reported that U.S. GDP contracted at an annualized rate of -0.5% in the first quarter, a sharper decline than the previously reported 0.2%. The downturn was driven by weak consumer spending and a growing trade...
Georgia Awards $8M for Industrial Site Development in Rural Areas
Governor Brian P. Kemp announced $8 million in new grants through the OneGeorgia Authority’s Rural Site Development Initiative to help rural communities prepare industrial sites for future economic growth. Awardees include the Development Authority of the City of...
Weyerhaeuser Breaks Ground on $500 Million Timber Facility in Arkansas
Weyerhaeuser has broken ground on a new $500 million TimberStrand® facility near Monticello and Warren, Arkansas, expected to create 200 high-quality jobs when fully operational in 2027. The facility will expand the company’s engineered wood production capacity by 10...
Jabil to Invest $500 Million in U.S. Manufacturing Expansion
Jabil plans to invest $500 million to expand its U.S. manufacturing operations in the Southeast, aiming to meet rising demand for AI-driven data centers. The electronics maker is finalizing site selection and expects the new facility to be up and running by mid-2026,...
$3.6 Billion Data Center Gets Green Light from Pima County, Arizona
Pima County, Arizona has approved Project Blue, a $3.6 billion data center campus set to rise on 290 acres near the Pima County Fairgrounds. The project, which will create over 5,000 construction-related jobs and 180 permanent positions, passed by a 3-2 vote. With an...
Over 1,400 Jobs Slashed at U.S.-Funded Media
The Trump administration has ordered sweeping layoffs at Voice of America and other U.S.-funded media outlets, eliminating over 1,400 positions. Kari Lake, a senior official at the U.S. Agency for Global Media, defended the action as a necessary overhaul of bloated...
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