Economic Development News

Corning announced a $1.5 billion expansion of its Hemlock Semiconductor plant in Saginaw County, Michigan, increasing the production capacity of solar wafers. This new facility will be the largest of its kind in the U.S., creating 400 high-paying jobs and further...

Redwood Region RISE has announced $8.1 million in Catalyst Awards to fund high-impact projects across the region, supporting both early-stage “exploratory” ideas and near-ready “last-mile” efforts in California. These investments align with RRRISE’s 10-year roadmap...

Australia-based Woodside Energy has made a $17.5 billion final investment decision to build Louisiana LNG in Calcasieu Parish. The facility will produce up to 16.5 million metric tons of LNG per year. The development is expected to create thousands of jobs, strengthen...

Facing significant tariff pressures, 3M is preparing to absorb up to $850 million in added costs this year, driven mainly by China-specific and reciprocal trade measures. With 50 U.S.-based factories, the chemical maker is exploring supply chain changes, customer...

The Gateway Program is expected to bring a $445 billion boost to the U.S. economy by replacing the outdated 10-mile rail stretch from Newark, New Jersey, to New York Penn Station. By modernizing this critical segment of the Northeast Corridor, the program is expected...

QTS, a Blackstone-owned data center provider, is investing $780 million in new data center projects across North Texas. Plans include two facilities in Wilmer, Texas, one valued at $300 million and another at $350 million, totaling over 1 million square fee of...

The City of Chicago is awarding $2 million in Community Development Grants to ten neighborhood business projects. Funded through the Housing and Economic Development bond, the grants will be distributed as each project phase is completed. Officials say the awards...

Volvo Group is set to lay off approximately 800 workers across its U.S. operations due to ongoing market uncertainties, largely driven by President Trump's tariff war and the potential regulatory changes it could bring. The layoffs, impacting 4% of the company's U.S....

The Kansas Department of Commerce has allocated more than $1.5 million in Historic Economic Asset Lifeline (HEAL) funding to support 19 projects focused on revitalizing downtown buildings across the state. These projects will transform vacant spaces into hubs for...