Economic Development News

Clean Refineries Inc. is investing $1 billion to build the world’s first net-zero emissions fuel production facility in Acadia Parish, Louisiana. The plant will produce marine-grade bunker fuel, ultra-clean diesel, and high-performance asphalt using an existing...

Mars, Inc. has opened its largest Royal Canin dry pet food facility in Lewisburg, Ohio, with a $450 million investment that is expected to create up to 270 jobs over the next five years. The 450,000-square-foot plant is part of Mars’ broader $6 billion investment in...

CBC Global Ammunition is investing $300 million to build a new manufacturing facility at Oklahoma's MidAmerica Industrial Park, a move expected to create 350 jobs. The expansion marks a major win for the state’s growing aerospace and defense industry. The facility...

The Shapiro administration is investing over $10 million in grants and loans to redevelop the former Frog, Switch & Manufacturing site in Carlisle, Pennsylvania. Made possible through the PA SITES program, a $6.1 million grant combined with a $4.1 million loan...

The U.S. Environmental Protection Agency is awarding over $8 million in Brownfields Grants to ten recipients across New York to support local land cleanup and revitalization. The funding aims to spur economic opportunities, redevelopment and job creation in...

Hyosung HICO is investing $51 million to expand its 360,000-square-foot facility in Memphis, Tennessee, adding 123 new jobs and pushing its total investment in the area beyond initial projections. The South Korean company’s facility is capable of building...

Carrier Global Corp., a company specializing in HVAC, refrigeration, fire, and security equipment, is investing $1 billion to strengthen its U.S. manufacturing and workforce. The initiative is expected to create 4,000 new jobs and will focus on modernizing production,...

Florida continues to prove itself as an economic powerhouse, driven by steady job growth and strong economic performance. The Florida Department of Commerce reported a 0.2% rise in private sector employment for April, with 21,800 new jobs added statewide. With a $1.7...

Sanofi announced plans to invest at least $20 billion in its U.S. operations through 2030, expanding R&D and manufacturing capacity across multiple states. The Paris-based drugmaker said the move will create a significant number of high-paying jobs and strengthen...

Taiwanese semiconductor company GlobalWafers Co. announced plans to invest an additional $4 billion to expand its U.S. operations during the opening of its $3.5 billion silicon wafer manufacturing facility in Sherman, Texas. Serving as the flagship for GlobalWafers...