Economic Development News

Cayuga Milk Ingredients has completed a $270 million, two-phase expansion in Cayuga County, New York more than doubling its workforce and boosting opportunities for New York dairy farmers. Supported by up to $4 million capital grant and up to $4 million made available...

Texas Instruments announced a landmark $60 billion investment to expand its manufacturing production across seven semiconductor fabrication plants in Texas and Utah. The project, partially supported by up to $1.6 billion in CHIPS Act funding, is expected to support...

Intel plans to cut 15 to 20 percent of its factory workforce, a move that could eliminate over 10,000 jobs globally, with significant impact in Oregon. The cuts are expected to hit Oregon especially hard, where the company employs 20,000 people. The layoffs, set to...

A new report from the Bay Area Council Economic Institute warns that mass deportations could severely damage California’s economy, slashing $275 billion in wages and economic activity. Undocumented workers make up 8% of the state’s labor force and are vital to...

Nine initiatives across North Carolina have been awarded $2,941,000 by the Rural Infrastructure Authority (RIA) and are expected to create 137 jobs across the state. The state investment is projected to attract over $52 million in additional public and private funding...

Volvo Construction Equipment is expanding its U.S. manufacturing capabilities with a major upgrade to its Shippensburg, Pennsylvania, facility as part of a $261 million global investment. The plant will begin producing crawler excavators and large wheel loaders,...

Small businesses in Western North Carolina have received a $55 million boost through a statewide initiative backed by the Dogwood Health Trust, the Duke Endowment, and state funds. Distributed to 2,182 businesses, the funding aims to help local enterprises recover,...

Micron Technology plans to invest $200 billion in U.S. semiconductor manufacturing, expanding facilities in Idaho, New York, and Virginia to boost domestic chip production. The Commerce Department framed the move as part of the Trump administration’s broader push to...

Blue-collar workers have seen nearly 2% real wage growth in the first five months of Trump’s second term, the largest increase in the past 60 years, according to Treasury data. The 1.7% gain marks a sharp contrast to the 1.7% wage drop under Biden in the same period....

Maryland’s deep reliance on federal spending has left its economy vulnerable as the Trump Administration moves to shrink the federal workforce, a new report from the comptroller’s office and the University of Maryland warns. The state, home to the third-most federal...