Economic Development News

Delta Star Inc. will invest $35 million to expand its Lynchburg, Virginia, operations, creating 300 new jobs and boosting its manufacturing capacity for power transformers and mobile substations. This marks the company’s second major expansion in two years, following...

Opsun Corporation, a solar panel mounting structures manufacturer, is expanding to High Point, North Carolina, with a $9.3 million investment. The new facility will create 20 jobs in Guilford County and help Opsun grow its presence in the U.S. market. A $40,000...

During a recent visit to Hundred Mile Brewing Company in Tempe, Arizona, Governor Katie Hobbs and Representative Greg Stanton highlighted how tariffs are impacting the state’s breweries and small businesses. They emphasized that rising costs of materials like...

Lift Technologies, also known as Lift-Tek, is expanding its Westminster facility in Oconee County, South Carolina with a $20 million investment that will create 41 new jobs. The material handling manufacturer plans to add 110,000 square feet to its existing site, with...

Gov. Greg Abbott announced that TMEIC Corporation Americas will build a new manufacturing facility in Waller County, Texas, investing over $65 million and creating 62 jobs. The facility will produce uninterruptible power supplies and medium voltage drives, key...

Two companies, Custom Air Handling Solutions and Fluid Cooling Systems, are investing nearly $7.8 million and creating 150 new jobs in Genesee County, Michigan. To meet growing demand, Custom Air Handling has acquired a 50,000-square-foot facility in Burton, a move...

In a recent report, the Montgomery Area Chamber of Commerce has highlighted the Capital Region’s impressive growth ranking it among Alabama's leaders in capital investment and job creation. In 2024 alone, Montgomery saw $1.1 billion in capital investment and the...

Governor Gavin Newsom and Attorney General Rob Bonta recently filed a federal lawsuit to block Trump’s tariffs, arguing they exceed presidential authority and violate the Constitution by bypassing Congress’s authority over trade. As the top importing state, California...

Gillespie Precast, a concrete manufacturer, will invest $10 million to open a new plant in Asheboro, North Carolina, which is expected to create 39 jobs. The Randolph County facility will produce precast utility vaults, manholes, and other custom concrete structures...

Samkwang, a South Korean automotive and electronic devices manufacturer, has leased a 168,000-square-foot facility at Macon County’s REAL Park, investing $35 million to open a manufacturing facility. The plant will create 114 jobs at full production and is...