Economic Development News
The latest trends, news and insights on economic development.
Florida Businesses, Residents Receive $695 Million in Federal Loans After Deadly Hurricanes
Following severe damage from Hurricanes Milton and Helene, the U.S. Small Business Administration has provided nearly $695 million in disaster loans to businesses across Florida, including $29 million on the Treasure Coast, to help businesses and individuals recover...
Aleut Breaks Ground on $32 Million Hangar Facility in Alabama
Aleut Real Estate has broken ground on a $32.7 million hangar facility at Pryor Field Regional Airport in Limestone County, Alabama, aimed at supporting commercial and military aircraft Maintenance, Repair and Overhaul (MRO) operations. The project, developed with...
Retail Layoffs Spike as Industry Braces for Slower Spending
Retail job cuts have surged 274% this year, with nearly 76,000 positions eliminated between January and May, which is second only to government layoffs. Analysts say store closures and restructuring are driving the trend as companies brace for weaker consumer spending...
Iowa Governor Blocks Eminent Domain Limits to Protect Economic Growth
Iowa Gov. Kim Reynolds vetoed a bill that would have placed limits on the use of eminent domain for carbon capture pipelines, saying it was too broad and risked harming the state’s economy. The move drew sharp backlash from landowners and lawmakers, some of whom are...
Economic Uncertainty is Top Concern for Wisconsin Business Leaders
Uncertainty brought by unpredictable trade dynamics, federal budget talks, and global tensions is at the forefront for Wisconsin business owners right now, as a new Wisconsin Manufacturers and Commerce survey found that 36% of state business leaders view the national...
JetZero Brings 14,560 Jobs, $4.7B Investment to North Carolina; Largest Job Announcement in State History
Aviation startup JetZero has chosen Piedmont Triad International Airport in Greensboro, North Carolina, as the site of its first commercial aircraft manufacturing facility, investing over $4.7 billion to produce its cutting-edge all-wing Z4 jet. The project is...
Amazon to Build Multiple AI Centers in Pennsylvania with $20 Billion Investment
In a move to expand its footprint in the country, Amazon will invest at least $20 billion to build high-tech cloud computing and AI campuses across Pennsylvania, starting in Salem and Falls Townships. The project will create at least 1,250 high-paying tech jobs and...
U.S. and China Set to Finalize Trade Pact, Await Presidents’ Approval
The U.S. and China are close to finalizing a new trade agreement following high-level talks in London. The proposed deal includes 55% U.S. tariffs on Chinese imports, while China would maintain a 10% duty, along with concessions on rare earth exports and visa policy....
ACP: Clean Energy Powers U.S. Manufacturing Boom
In a report released by the the American Clean Power Association, clean energy is fueling a manufacturing resurgence in the U.S., supporting over 122,000 manufacturing jobs and contributing $18 billion to the gross domestic product. That impact could grow to 579,000...
Economist Predicts Sluggish Economic Growth for Michigan in 2025
West Michigan’s economy is expected to slowdown through the rest of 2025 due to tariff uncertainty, rising living costs, and cautious consumer spending, according to Grand Valley State University's economist Paul Isely. Tariffs have made it harder for businesses to...
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