Economic Development News

A federal court blocked many of President Trump’s tariff executive orders, ruling that he overstepped his presidential powers by imposing tariffs through the International Emergency Economic Powers Act. The United States Court of International Trade issued an...

Port Everglades generated nearly $28.1 billion in economic activity during Fiscal Year 2024, a 6% increase from the previous year. The port’s cargo and cruise sectors support over 204,300 jobs, including 12,270 direct jobs, which is a 13.9% rise from the previous...

General Motors is investing $888 million in its Tonawanda, NY Propulsion plant for the production of its sixth generation of V-8 engines. This marks GM’s largest single investment in an engine plant and continues its commitment to American manufacturing and...

Google will invest an additional $7 billion in Iowa over the next two years to expand data centers in Cedar Rapids and Council Bluffs. This investment supports the company’s cloud and AI infrastructure growth while also funding workforce development programs like a...

Mikro-Technik, a German natural fiber manufacturer, has chosen McCormick County for its first North American facility, investing $3.2 million and creating 27 new jobs. The company will lease and upgrade a facility in Plum Branch to expand production of renewable...

President Donald Trump announced he will raise steel tariffs from 25% to 50% during a visit to a U.S. Steel plant in Pittsburgh, aiming to further protect the domestic steel industry. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over...

The State of Michigan has partnered with DTE Energy and Consumers Energy on a new $3.5 billion annual initiative to strengthen in-state manufacturing and expand clean energy job opportunities. Announced at the 2025 Mackinac Policy Conference, the effort will connect...

Williams International and the State of Florida have announced a $1 billion investment to build a high-volume aviation gas turbine engine manufacturing facility in Okaloosa County, making it one of the largest economic development projects in Northwest Florida’s...

MassDevelopment and the Executive Office of Economic Development announced over $6.7 million in grants to 73 nonprofits through the Small Business Technical Assistance Program. The program supports organizations that help underserved small businesses with training,...

The City of Marysville, in a joint effort with Arlington, is continuing to develop its massive 5.1 million square foot economic development zone through next year, which will feature over 4,000 acres of manufacturing and industrial-zoned land, including more than...