Economic Development News

The Arlington City Council approved a $3.545 million agreement with HKT Management Corp. to redevelop Ben Thanh Plaza, a 13.1-acre shopping and dining hub in east Arlington, with the goal of boosting economic growth and celebrating culture through the revitalization...

Chobani, a food and beverage company, will invest $1.2 billion to build a 1.4 million square foot facility at Rome’s Griffiss Business and Technology Park, a site previously awarded more than $23 million from FAST NY. This development will bring more than 1,000...

Nearly $8 billion worth of clean energy projects were downsized or shelved in the first quarter of 2025 as the Trump administration's policy changes and tariffs dampened growth. Key cancellations included Kore Power’s $1.2 billion Arizona factory and Freyr Battery’s...

Empire State Development announced that EvolvOptic, the newly formed company resulting from the acquisition of legacy optics company Advanced Glass Industries (AGI) of Glass Fab Inc., will expand its operations in the Finger Lakes region, New York. With a $5.1 million...

The Tennessee Department of Economic and Community Development has announced a $715,000 grant to support BWXT Enrichment Operations LLC in establishing a $45 million centrifuge manufacturing facility in Oak Ridge, Tennessee. The investment, which includes the...

The Missouri Department of Economic Development is investing in the state's small business ecosystem by committing the $2.9 million it received from the U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI) to launch the Missouri Technical...

Fiserv, Inc., a Fortune 500 financial technology company, has recently announced plans to open a 427,000-square-foot fintech hub in Overland Park, Kansas. This new development, which will be located on the Aspiria campus, is expected to bring approximately 2,000 jobs...

Governor Joe Lombardo of Nevada has urged President Trump to end tariffs on lithium, warning that the policy threatens jobs in the state's emerging lithium industry. Lombardo highlighted challenges within Nevada’s lithium loop, which aims to domestically source,...

Senator Mitch McConnell and Northern Kentucky leaders strongly opposed President Trump's trade war, citing its potential damage to the state's economy. McConnell emphasized that Kentucky, heavily reliant on exports and imports, would suffer significant economic harm...