Economic Development News

Ford Motor Co. has expanded its Louisville presence with the $41.28 million purchase of more than 65 acres of land next to its Kentucky Truck Plant on Chamberlain Lane. The property, previously bought for $575,000 in 2018 by Cincinnati-based Nine Five, highlights...

Takeda Pharmaceuticals will lay off 137 employees next year as it discontinues its cell therapy program, marking a move separate from last year’s 1,000 job cuts under a broader efficiency plan. The layoffs, affecting staff across three Cambridge locations, will begin...

Federal workers face growing uncertainty as the government shutdown deepens, with a White House memo suggesting not all furloughed employees may receive back pay once operations resume. The Trump administration’s stance contradicts existing federal law requiring back...

Glaukos Corp. is investing $80 million to build a new research, development, and manufacturing facility in Huntsville that will create more than 150 full-time jobs. The 200,000-square-foot site in Cummings Research Park will focus on developing innovative therapies...

Isuzu has broken ground on a $280 million truck manufacturing facility in Greenville, South Carolina, with the project expected to employ more than 700 workers. The state-of-the-art plant will produce N-Series Gas, N-Series Electric, and F-Series Diesel trucks, aiming...

Starbucks will lay off 369 workers in Washington following a wave of store closures nationwide, according to a state filing. The layoffs, effective Dec. 5, stem from the closure of locations including the Capitol Hill Reserve Roastery and Sodo Reserve store in...

A new Fannie Mae survey shows growing economic pessimism in the U.S., with nearly 70% of Americans believing the economy is on the wrong track and 73% saying it’s a bad time to buy a home. Persistently high mortgage rates and home prices continue to challenge...

Roughly 15% of U.S. jobs, or 23 million positions, are at high risk of automation, according to SHRM’s latest study. The report highlights computer and mathematics occupations as the most vulnerable, with 32% of tasks potentially automated. However, SHRM says “job...

According to Bloomberg, Stellantis plans to invest $10 billion in U.S. manufacturing, expanding operations in Illinois and Michigan. The move would add $5 billion in new funding to a previous U.S. commitment as the automaker navigates tariffs and renewed pressure to...