Economic Development News
The latest trends, news and insights on economic development.
Philadelphia June Fed Survey: Manufacturing Stagnates as Labor and Orders Drop
Manufacturing activity in the Philadelphia Fed district remained weak in June, with minimal improvement in orders and shipments and deepening labor market stress. Input costs eased but stayed elevated, while firms reported falling pricing power and rising uncertainty....
SF Mayor Lurie Unveils Economic Team Appointments to Spearhead City Revitalization
San Francisco Mayor Daniel Lurie has named a new economic development leadership team to drive the city’s post-pandemic recovery and revitalization. The appointments include Sarah Dennis Phillips as Planning Department Director, Anne Taupier as Executive Director of...
Rhode Island Lawmakers Approve $17 Minimum Wage, Bill Heads to Governor’s Desk
Rhode Island lawmakers have approved raising the state’s minimum wage from $15 to $17 by January 2027, which is now pending Governor Dan McKee’s signature. Supporters say the phased increases will help workers keep up with the rising cost of living while giving...
Former West Virginia Official Launches Campaign to Urge Trump to Protect Clean Energy Tax Credits
A new ad campaign led by former West Virginia economic development chief Mitch Carmichael urges Donald Trump to protect clean energy tax credits, which he says are vital for job creation and investment in the state. The campaign highlights how credits from the...
Former Congressman Kwanza Hall Reappointed to Lead Develop Fulton Board Through 2029
Former U.S. Congressman Kwanza Hall has been reappointed to a four-year term as chairman of the Develop Fulton Board of Directors, extending his leadership through 2029. Hall will continue spearheading initiatives to drive inclusive economic growth and attract...
$1.5 Billion Data Center Campus Proposed in Great Falls, Montana
Ardent TAC Data Centers has proposed building a $1–1.5 billion hyperscale data center campus in Great Falls, Montana, which could create up to 2,000 construction jobs and 200 permanent positions. The 2 million-square-foot facility, planned for a 569-acre site near...
Iowa Awards $12 Million Tax Incentive to JBS for Perry Sausage Plant
A $12 million tax incentive has been awarded to JBS Foods by the Iowa Economic Development Authority through the High Quality Jobs program to support its $135 million sausage production plant in Perry, Iowa. The facility will initially create 250 jobs and eventually...
Wyoming’s Workforce Exodus Signals Looming Economic Crisis
Wyoming is facing a severe workforce out-migration crisis, with 60% to 70% of residents leaving the state by age 30, a trend that threatens long-term economic decline, according to the Wyoming Business Council. Officials say attracting knowledge-based jobs and...
Fed: Still Early to Assess Tariff Impact on U.S. Economy
The Federal Reserve’s latest Monetary Policy Report says U.S. inflation remains elevated and the labor market solid, but warns that the full impact of President Trump’s tariffs is still unfolding. While some goods inflation appears to be rising, the effects are not...
Skilled Labor Shortage in Home Building Sector Costs U.S. Economy $10.8B Annually, Study Finds
A new study from the Home Builders Institute and NAHB reveals that the skilled labor shortage for the single-family home building sector is causing a $10.8 billion annual hit to the U.S. economy. Delays in construction timelines and reduced housing output are driving...
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