Economic Development News

Mazda is temporarily halting production of its CX-50 SUV at its Huntsville, Alabama plant in response to Trump’s automobile tariffs. Although overall production at the Huntsville facility will continue unchanged, analysts warn Mazda may raise prices or pull the model...

BAMF Health will invest $$93,756,533 million to establish a new Theranostics Center and Radiopharmacy in Downtown Detroit, creating at least 90 high-paying jobs. The project is backed by a $1.5 million Michigan Business Development Program grant from the Michigan...

Collins Aerospace, a Boeing supplier, is laying off 287 workers across its Iowa and California facilities due to financial pressures linked to global trade tensions. The layoffs, which include 160 employees in Cedar Rapids, Iowa, and 127 workers in Chula Vista and El...

Wow Bao, a Chicago-based Asian food company, is investing $6.45 million to open its first manufacturing facility in Forest City, North Carolina, which is expected to create 88 new jobs. With operations set to begin in September, the company will produce bao and soup...

FAYAT Group is investing $13.7 million to expand its Road Equipment Division in Fairfield County, South Carolina, creating 75 new jobs. The project includes a new 100,000-square-foot parts distribution facility to strengthen aftersales support across North America....

The Carolina Hurricanes’ $1 billion redevelopment project around Raleigh’s Lenovo Center is moving forward after the City Council approved the rezoning of 80 acres of land. Spanning four phases over 20 years, the project is expected to transform the area into a...

Officials of Campbell County, Virginia, have broken ground on a new $11 million, 100,000-square-foot industrial building — the county's largest economic development project in over a decade. Supported by a $404,000 grant from the Virginia Tobacco Region Revitalization...

JCB is doubling the size of its upcoming San Antonio factory to 1 million square feet in response to tariffs introduced by President Donald Trump. The $500 million facility will create 1,580 jobs and begin production in 2025, making it the company’s second-largest...

The Pennsylvania Housing Finance Agency is investing $4.7 million in seven mixed-use development projects to boost local economies across the state. The initiative is expected to generate 62 residential units and over 18,065 square feet of commercial-retail space....

Heidelberg Materials North America, a building materials supplier, is expanding its presence in South Carolina with a $7.3 million investment to build a new aggregates distribution terminal in Colleton County. The 71-acre facility in Walterboro will create eight new...