Economic Development News
The latest trends, news and insights on economic development.
John Deere Commits $20 Billion to U.S. Manufacturing Industry
Manufacturing company John Deere announced a $20 billion investment in U.S. manufacturing over the next decade, reinforcing the company’s commitment to American workers and communities. This builds on John Deere’s legacy with $2.5 billion invested in U.S. factories...
NY Gov. Hochul Announces Major Investment in 23 Long Island Downtown Redevelopment Projects
Governor Kathy Hochul announced 23 transformative projects on Long Island funded through the Downtown Revitalization Initiative and NY Forward programs. Smithtown-Kings Park will advance eight projects as the Round 7 recipient of a $10 million Downtown Revitalization...
Mercedes-Benz to Base North American HQ and New R&D Facility in Metro Atlanta
Mercedes-Benz will establish its North American headquarters in Atlanta, relocating up to 500 jobs to its existing “1MB” facility in Sandy Springs, which will house sales, financial services, and corporate teams. The company also plans a multi-million-dollar...
Pharma Giant Eli Lilly Expands U.S. Footprint with $5.9 Billion Texas Facility
Eli Lilly and Company plans to invest $5.9 billion in a new active pharmaceutical ingredient manufacturing facility at Houston’s Generation Park, creating 604 full-time jobs. The project, part of Lilly’s $27 billion U.S. expansion, is expected to begin construction in...
AVL Manufacturing Chooses North Carolina For First $56 Million U.S. Facility
AVL Manufacturing will invest $56 million to establish its first U.S. production facility in Charlotte, North Carolina, creating over 325 jobs to build industrial enclosures for power generators. The Canadian company selected North Carolina for its skilled...
Project Beep: $247 Million Aerospace Development Set to Create 1,000 Jobs in Florida
An undisclosed aerospace company, referred to as “Project Beep,” plans to invest $247 million to develop facilities near NASA’s Kennedy Space Center, creating about 1,000 jobs. The project would span 25 acres at Exploration Park through a 30-year land lease with Space...
NY Gov. Hochul Awards $50M to Revitalize Communities Across New York
Governor Kathy Hochul announced over $50 million in awards for 50 projects through the Restore New York Communities Initiative, aimed at eliminating blight and boosting local revitalization efforts. Notable grants include $3.5 million each to the cities of Rome and...
Energy Infrastructure Plan Signed into Law to Fuel Alabama’s Economic Future
Alabama Governor Kay Ivey has signed the “Powering Growth” plan into law, a sweeping energy infrastructure legislation designed to strengthen the state’s energy infrastructure and economic competitiveness. The legislation establishes the Alabama Energy Infrastructure...
$1.3B Gaylord Hotel Opens in California, Set to Generate $475M in Economic Impact Annually
The $1.3 billion Gaylord Pacific Resort & Convention Center has opened in Chula Vista, California, becoming one of the largest U.S. hotel debuts in recent years. With 1,600 rooms, extensive amenities, and the largest hotel ballroom on the West Coast, it has...
Hershey Advances $1 Billion Plan with New Facility in Hershey, Pennsylvania
The Hershey Company is pushing forward with its $1 billion investment strategy to increase manufacturing capacity as it launches a key project, the Reese Chocolate Processing (RCP) facility in Hershey, Pennsylvania. The 250,000-square-foot plant currently employs...
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