Economic Development News

The Etowah County Commission has secured a second SEEDS grant totaling $3.3 million from the Alabama State Industrial Development Authority to complete critical water and sewer infrastructure at the NEAR Megasite, with an additional $2.5 million in local matching...

Amazon will invest $10 billion to expand its AI data center infrastructure in North Carolina, creating at least 500 high-skilled jobs and supporting thousands more across the Amazon Web Services (AWS) data center supply chain. This latest expansion builds on Amazon’s...

The Alabama Department of Commerce will lead a trade delegation to the 2025 Southeast U.S.-Canadian Provinces Business Forum, to be held in Newfoundland and Labrador. Deputy Secretary Ed Castile will head the three-day mission, aimed at deepening ties in advanced...

The U.S. economy stalled in May as consumer spending slowed and hiring froze, according to the Federal Reserve’s Beige Book survey. Most Fed districts reported unchanging or contracting economic growth, with widespread uncertainty causing both businesses and...

NRS Logios America has opened its first U.S. chemical logistics park in Casa Grande, Arizona, a $90 million, 40-acre facility designed to support the growing semiconductor and battery industries. The site features a chemical warehouse, gas pad, ISO container storage...

NewCold plans to invest over $275 million in a state-of-the-art cold storage facility in Hagerstown, Maryland, which will feature proprietary technology such as automated storage and retrieval systems (ASRS) and create 125 to 150 high-quality jobs in the area....

Alstom, a rail transportation manufacturer, has completed a $75 million expansion of its Hornell, NY, facility, reshoring car body shell production from Brazil with support from New York State. The project, backed by up to $7 million through the Excelsior Jobs Tax...

The Organisation for Economic Co-operation and Development (OECD) has downgraded U.S. and global economic growth forecasts due to ongoing tariff disputes, policy uncertainty, and other factors, with U.S. growth now expected at 1.6% in 2025 and 1.5% in 2026. Rising...

Mayor Johnson announced $20 million in grants for 28 projects in Chicago, which were selected from over 250 applicants to the Community Development Grant and Neighborhood Opportunity Fund programs and represent $58.5 million in total investment. Funded through the...