Economic Development News

Google will invest an additional $7 billion in Iowa over the next two years to expand data centers in Cedar Rapids and Council Bluffs. This investment supports the company’s cloud and AI infrastructure growth while also funding workforce development programs like a...

Mikro-Technik, a German natural fiber manufacturer, has chosen McCormick County for its first North American facility, investing $3.2 million and creating 27 new jobs. The company will lease and upgrade a facility in Plum Branch to expand production of renewable...

President Donald Trump announced he will raise steel tariffs from 25% to 50% during a visit to a U.S. Steel plant in Pittsburgh, aiming to further protect the domestic steel industry. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over...

The State of Michigan has partnered with DTE Energy and Consumers Energy on a new $3.5 billion annual initiative to strengthen in-state manufacturing and expand clean energy job opportunities. Announced at the 2025 Mackinac Policy Conference, the effort will connect...

Williams International and the State of Florida have announced a $1 billion investment to build a high-volume aviation gas turbine engine manufacturing facility in Okaloosa County, making it one of the largest economic development projects in Northwest Florida’s...

MassDevelopment and the Executive Office of Economic Development announced over $6.7 million in grants to 73 nonprofits through the Small Business Technical Assistance Program. The program supports organizations that help underserved small businesses with training,...

The City of Marysville, in a joint effort with Arlington, is continuing to develop its massive 5.1 million square foot economic development zone through next year, which will feature over 4,000 acres of manufacturing and industrial-zoned land, including more than...

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...