Economic Development News

The Shapiro administration is investing over $10 million in grants and loans to redevelop the former Frog, Switch & Manufacturing site in Carlisle, Pennsylvania. Made possible through the PA SITES program, a $6.1 million grant combined with a $4.1 million loan...

The U.S. Environmental Protection Agency is awarding over $8 million in Brownfields Grants to ten recipients across New York to support local land cleanup and revitalization. The funding aims to spur economic opportunities, redevelopment and job creation in...

Hyosung HICO is investing $51 million to expand its 360,000-square-foot facility in Memphis, Tennessee, adding 123 new jobs and pushing its total investment in the area beyond initial projections. The South Korean company’s facility is capable of building...

Carrier Global Corp., a company specializing in HVAC, refrigeration, fire, and security equipment, is investing $1 billion to strengthen its U.S. manufacturing and workforce. The initiative is expected to create 4,000 new jobs and will focus on modernizing production,...

Florida continues to prove itself as an economic powerhouse, driven by steady job growth and strong economic performance. The Florida Department of Commerce reported a 0.2% rise in private sector employment for April, with 21,800 new jobs added statewide. With a $1.7...

Sanofi announced plans to invest at least $20 billion in its U.S. operations through 2030, expanding R&D and manufacturing capacity across multiple states. The Paris-based drugmaker said the move will create a significant number of high-paying jobs and strengthen...

Taiwanese semiconductor company GlobalWafers Co. announced plans to invest an additional $4 billion to expand its U.S. operations during the opening of its $3.5 billion silicon wafer manufacturing facility in Sherman, Texas. Serving as the flagship for GlobalWafers...

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...