Economic Development News
The latest trends, news and insights on economic development.
Air Wisconsin Plans Over 200 Layoffs at Appleton and Milwaukee Airports
Air Wisconsin is planning to lay off 127 employees at Appleton International Airport and 114 at Milwaukee Mitchell International Airport, according to a WARN notice filed with Wisconsin regulators. The cuts, effective Oct. 28, add to earlier layoffs this year that...
Bellevue, WA’s Economic Growth Outpaces Peer Cities Nationwide
Bellevue’s median household income rose 39% from 2018 to 2023, far outpacing other cities and reflecting a surge of more than 10,000 new jobs and 4.3 million square feet of new office space downtown. The city’s creative economy now contributes 37% of the region’s...
South Dakota Celebrates Opening of $500M High Plains Processing’s Soybean Plant
South Dakota marked the opening of High Plains Processing’s $500 million soybean facility in Mitchell, the state’s largest construction project ever. Officials said the plant will generate long-term economic impact by processing 35 million bushels annually and...
City of Moorhead, MN Moves Forward with Land Sale for $5B Sustainable Aviation Fuel Plant
The Moorhead City Council unanimously approved an option agreement with DG Fuels, paving the way to sell city-owned land for the company’s proposed $5 billion sustainable aviation fuel production facility on 554 acres near the city’s industrial park and municipal...
Court Blocks Effort to Reinstate 25,000 Federal Workers Fired by Trump Administration
The U.S. Court of Appeals for the Fourth Circuit on Monday rejected a lawsuit from 19 states and Washington, D.C., seeking to reinstate more than 25,000 federal agency employees fired in February by the Trump administration. The court ruled that the states lacked...
Supreme Court Takes Up Challenge to Trump’s Tariff Powers
The Supreme Court has agreed to hear arguments in November on whether President Donald Trump had the authority to impose his most sweeping tariffs, a key pillar of his economic agenda. Lower courts previously ruled that Trump exceeded his powers under emergency trade...
JPMorgan CEO Flags U.S. Slowdown After Job Growth Data Revision
JPMorgan CEO Jamie Dimon warned that the U.S. economy is weakening after revised payroll data showed 911,000 fewer jobs were added in the year through March than previously estimated. The downgrade underscores signs of a slowing labor market, with just 22,000 jobs...
Hood Industries Invests $245M in New Mississippi Sawmill
Hood Industries will invest $245 million to build a new advanced sawmill in Waynesboro, Mississippi, next to its existing facility. The expansion, supported by state and local incentives, includes road and infrastructure improvements and is expected to be completed by...
Scotiabank Picks Dallas for $60M Regional Office, to Create 1,020 Jobs
The Bank of Nova Scotia (Scotiabank), will establish a major regional office in Dallas, bringing more than 1,020 new jobs and $60 million in investment to Texas. The move strengthens the bank’s U.S. presence and underscores Dallas’s growing role as a financial...
JPMorgan, YNAP, BioReference Cut North Jersey Jobs
JPMorgan Chase, Italian luxury retailer YNAP, and biotech firm BioReference Health are collectively cutting nearly 200 jobs in North Jersey this fall, state filings show. The cuts include 58 layoffs at JPMorgan in Jersey City, 68 at YNAP, and 69 at BioReference in...
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