Economic Development News

Walmart is laying off 1,500 corporate employees as part of a broader restructuring plan while navigating the impact of tariffs on the retail industry. The company says the restructuring is not directly tied to tariffs, but it is weighing price hikes as a result....

Governor Kathy Hochul announced 31 revitalization projects across the Southern Tier that will receive funding through the Downtown Revitalization Initiative and NY Forward programs. A $10 million DRI award will support 13 projects in Grand Gorge and Roxbury, a $4.5...

Stellantis is investing $388 million to build a new high-tech megahub in Van Buren Township, Michigan, set to launch in 2027. The facility will feature an automated storage and retrieval system called AutoStore and employ around 488 UAW-represented workers. Following...

Denver-based Crusoe has secured $11.6 billion in new funding to expand its AI data center campus in Abilene, Texas, bringing total project investment to $15 billion. The 800-acre site will house eight data halls equipped with up to 400,000 NVIDIA Blackwell GPUs and...

Google is planning a $10 billion data center campus in West Memphis, Arkansas, to be developed by Groot LLC, a firm reportedly tied to the tech giant. The city council recently approved a payment-in-lieu-of-taxes (PILOT) deal worth $10 billion with Groot, supporting...

The Acadiana Planning Commission received a $1.2 million federal grant from the EPA to assess and plan the redevelopment of five contaminated sites located outside of Lafayette, Louisiana. Funded by the EPA’s Brownfields Coalition Assessment Grant, the project targets...

Daisy Brand has started construction on its largest expansion yet: a $676 million dairy facility in Boone, Iowa, which will produce sour cream and cottage cheese using milk sourced from 43,000 cows daily. Backed by over $67 million in state and local incentives, the...

Donald Trump has approved the merger of U.S. Steel and Japan's Nippon Steel, calling it a “planned partnership” that will create 70,000 jobs and add $14 billion to the U.S. economy. He emphasized that U.S. Steel’s headquarters will stay in Pittsburgh, with major...

Governor Kathy Hochul announced funding for 30 transformational projects across the Capital Region through the Downtown Revitalization Initiative and NY Forward programs. Lake George has been awarded $10 million as a Round 7 winner of the Downtown Revitalization...

Texas Gov. Greg Abbott awarded $3.08 million to Tokyo Electron U.S. Holdings through the state's Semiconductor Innovation Fund to support its technical training and research and development (R&D) facility in Southeast Austin. The center is expected to spur a $30...