Economic Development News

Alabama Governor Kay Ivey has signed the “Powering Growth” plan into law, a sweeping energy infrastructure legislation designed to strengthen the state’s energy infrastructure and economic competitiveness. The legislation establishes the Alabama Energy Infrastructure...

The $1.3 billion Gaylord Pacific Resort & Convention Center has opened in Chula Vista, California, becoming one of the largest U.S. hotel debuts in recent years. With 1,600 rooms, extensive amenities, and the largest hotel ballroom on the West Coast, it has...

The Hershey Company is pushing forward with its $1 billion investment strategy to increase manufacturing capacity as it launches a key project, the Reese Chocolate Processing (RCP) facility in Hershey, Pennsylvania. The 250,000-square-foot plant currently employs...

Pharmavite, a nutrition and wellness company, has opened a $250 million, 225,000-square-foot vitamin and supplement production facility in New Albany, Ohio, creating 225 jobs for the region. The new plant will produce gummies for the Nature Made and MegaFood brands,...

$16.9 million in funding has been awarded through the Virginia Workforce Housing Investment Program, which will support the construction of 740 new workforce housing units in conjunction with economic development across Virginia. The program offers up to $3 million to...

President Trump announced a $25 billion initial investment in the “Golden Dome,” a $500 billion national missile defense system designed to protect the U.S. homeland, with much of the technological development and initial manufacturing planned in Indiana. Facilities...

Michigan’s Senate Fiscal Agency has downgraded the state’s revenue forecast by nearly $1 billion, warning that the Senate’s 2026 budget plan would leave a $969 million deficit if passed into law. The revision cites heightened economic uncertainty fueled by tariffs and...

Otto Aviation has been revealed as the company behind Project Bluebird, a plan to construct a passenger plane manufacturing plant at Cecil Airport in Jacksonville and relocate its headquarters from Texas. The $430 million investment will add over 600,000 square feet...

Denver is set for major economic growth as the City Council greenlights two transformative projects: the Park Hill Golf Course redevelopment and a new stadium for the Denver’s National Women’s Soccer League team. The Park Hill site will be redeveloped into an urban...

Coca-Cola Consolidated has invested $90 million to expand and modernize its Columbus, Ohio facility, including a new distribution and warehouse facility, along with buildings for equipment repair and fleet maintenance. The campus features sustainability initiatives...