Economic Development News
The latest trends, news and insights on economic development.
Electronics Manufacturing Powers U.S. Economy
Despite global economic headwinds, U.S. electronics manufacturing remains a growth engine, supporting 5.2 million jobs, contributing $853 billion to GDP, and producing $1.8 trillion in total economic output. The sector provides high-wage employment and drives...
Swire Coca-Cola to Open $475M Facility in Colorado
Swire Coca-Cola, USA is investing $475 million in a new 620,000-square-foot facility at Peak Innovation Park, Colorado Springs creating 170 permanent jobs. The facility will manufacture and distribute over 230 beverages across more than 60 brands nationwide....
Eli Lilly to Invest $6B in Huntsville, Alabama Manufacturing Hub
Eli Lilly plans to invest more than $6 billion in a new advanced manufacturing facility in Huntsville, Alabama, creating 450 permanent jobs and 3,000 construction jobs during the development phase. The site will produce next-generation medicines, including small...
Texas Hit by More Than 2,500 Holiday-Week Layoffs
Over Thanksgiving week, more than 2,500 Texas workers received notice of upcoming job losses, marking another wave of holiday-season layoffs across the state. Tyson Foods will cut over 1,700 positions by ending its B-shift at its Amarillo plant, while FedEx is laying...
Lawmakers Push for New U.S. Biomanufacturing Center
A bipartisan group in Congress has introduced the Biomanufacturing Excellence Act of 2025, aiming to establish a national center of excellence to strengthen domestic biopharma manufacturing. The legislation seeks to reduce reliance on foreign supply chains, accelerate...
House Passes Bill to Double SBA Loan Limits for U.S. Manufacturers
The U.S. House unanimously approved the Made in America Manufacturing Finance Act, which would double Small Business Administration loan limits for domestic manufacturers from $5 million to $10 million to help expand facilities, upgrade equipment, and scale...
Pennsylvania Approves $10.5M in New PIDA Loans
Pennsylvania has approved nearly $10.5 million in new low-interest Pennsylvania Industrial Development Authority (PIDA) loans to support business expansions in Blair, Dauphin, Lancaster, and Snyder counties. The projects will create 26 new positions, preserve 297...
Natrion Picks Cheektowaga, New York for New Manufacturing Facility
Natrion will establish a new production facility at 575 Ludwig Avenue in Cheektowaga, significantly scaling output of its Active Separator. Supported by state incentives and more than $1.3 million in NYPA funding, the project will create 19 jobs and bolster New York’s...
Foxconn Launches $569M Wisconsin Expansion
Foxconn is investing an additional $569 million in its Wisconsin operations to meet rising U.S. customer demand and strengthen domestic supply chains. The amended project is expected to create nearly 1,400 new jobs over the next four years, with Wisconsin Economic...
Sodecia Aapico JV to Invest $120M, Bring 392 Jobs to South Carolina
SODECIA AAPICO Joint Venture (Sodecia Aapico JV) will invest $120 million to establish its first South Carolina facility in Orangeburg County, creating up to 392 new jobs. The 400,000-square-foot plant will manufacture advanced ladder frames for Scout Motors’ SUV and...
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