Economic Development News

President Donald Trump secured a $600 billion investment commitment from Saudi Arabia during his Middle East trip, signaling deeper U.S.-Saudi economic ties. The agreement includes major deals such as a $5.8 billion pharmaceutical expansion by Shamekh SIV Solutions, a...

Construction Company Brasfield & Gorrie has completed an $18.9 million, three-story expansion adjacent to its headquarters in Birmingham, Alabama, adding 28,500 square feet to support long-term growth. The project has already created 64 new jobs and is part of the...

Biotech leader Genentech will build a $700 million, 700,000-square-foot manufacturing facility in Holly Springs, bringing 400 jobs and boosting the local economy. Supported by a Job Development Investment Grant of up to $9.8 million, the project is expected to grow...

QED Technologies International, a manufacturer specializing in precision optics fabrication and metrology, is investing $18.7 million to expand its R&D facility in in Rochester, Monroe County, creating over 70 new jobs. Through this expansion, 20,000 square feet...

Governor Glenn Youngkin announced Amazon’s new 3.1 million-square-foot robotics fulfillment center in Goochland County, set to create over 1,000 jobs. This marks Amazon’s fourth fulfillment center in Virginia, which will be called RIC6, and underscores the state’s...

A new report highlights the Port of Long Beach’s vital role in spurring local and national economic stability, revealing that the port contributes $309 billion to the U.S. GDP, including $141.2 billion statewide and $82.6 billion in the five-county region....

Strengthening its U.S. footprint, Roche Diagnostics will invest $550 million to expand its Indianapolis facility for producing Accu-Chek Smartguide glucose monitors and to develop a new $700 million factory in North Carolina to manufacture future obesity drugs,...

Tourism in Greater Birmingham reached a record $2.57 billion in economic impact in 2024, supporting 51,887 jobs and generating $302 million in tax revenue. The region welcomed over four million overnight visitors, its highest total since 2017, solidifying Jefferson...

Emirates Global Aluminum has selected Oklahoma as the site for a $4 billion primary aluminum production plant, bringing 1,000 direct and 1,800 indirect jobs to the state. The facility, located at the Tulsa Port of Inola, will nearly double the nation’s aluminum output...

Kettle & Fire, a maker of bone broth, is constructing a new 167,000-square-foot manufacturing facility in Lancaster County, Pennsylvania, which is expected to generate over $19.1 million for the local economy and create at least 149 good-paying jobs. To support...