Economic Development News

Takeda Pharmaceuticals will lay off 137 employees next year as it discontinues its cell therapy program, marking a move separate from last year’s 1,000 job cuts under a broader efficiency plan. The layoffs, affecting staff across three Cambridge locations, will begin...

Federal workers face growing uncertainty as the government shutdown deepens, with a White House memo suggesting not all furloughed employees may receive back pay once operations resume. The Trump administration’s stance contradicts existing federal law requiring back...

Glaukos Corp. is investing $80 million to build a new research, development, and manufacturing facility in Huntsville that will create more than 150 full-time jobs. The 200,000-square-foot site in Cummings Research Park will focus on developing innovative therapies...

Isuzu has broken ground on a $280 million truck manufacturing facility in Greenville, South Carolina, with the project expected to employ more than 700 workers. The state-of-the-art plant will produce N-Series Gas, N-Series Electric, and F-Series Diesel trucks, aiming...

Starbucks will lay off 369 workers in Washington following a wave of store closures nationwide, according to a state filing. The layoffs, effective Dec. 5, stem from the closure of locations including the Capitol Hill Reserve Roastery and Sodo Reserve store in...

A new Fannie Mae survey shows growing economic pessimism in the U.S., with nearly 70% of Americans believing the economy is on the wrong track and 73% saying it’s a bad time to buy a home. Persistently high mortgage rates and home prices continue to challenge...

Roughly 15% of U.S. jobs, or 23 million positions, are at high risk of automation, according to SHRM’s latest study. The report highlights computer and mathematics occupations as the most vulnerable, with 32% of tasks potentially automated. However, SHRM says “job...

According to Bloomberg, Stellantis plans to invest $10 billion in U.S. manufacturing, expanding operations in Illinois and Michigan. The move would add $5 billion in new funding to a previous U.S. commitment as the automaker navigates tariffs and renewed pressure to...

Carolina Renewable Products (CRP) is investing $280 million to establish a new clean energy facility in Orangeburg County, South Carolina, creating 155 new jobs. The biomass-to-renewable diesel plant will serve as CRP’s headquarters and training hub, converting...

Stemilt Ag Services LLC is laying off 1,561 seasonal workers in Washington as the state’s harvest season wraps up, according to a WARN notice filed. The company said the cuts will affect only H-2A visa field staff, with warehouse and shipping employees remaining on...