Economic Development News
The latest trends, news and insights on economic development.
$4 Billion Ammonia Facility to Create Over 400 Jobs in Ascension Parish, Louisiana
The joint venture of CF Industries, JERA, and Mitsui has committed a $4 billion investment to build the world’s largest low-carbon ammonia facility in Ascension Parish, Louisiana. To be located at RiverPlex MegaPark, the project is expected to create 103 direct jobs...
NJ EDA Awards $10 Million Tax Credits to Revitalize Historic Atlantic City Property
A $10 million tax credit from the NJEDA through the Historic Property Reinvestment Program will help transform the historic Atlantic City YMCA into Ridley Lofts, a 35-unit residential project aimed at driving economic activity in the Orange Loop. The development...
LG Electronics to Invest $100 Million in Tennessee Expansion
LG Electronics is set to expand its Clarksville, Tennessee facility with a $100 million investment in a 560,000-square-foot warehouse, nearly doubling its building footprint. The new facility will create 80 jobs and support future increases in production and...
Wisconsin Awards $3.2 Million to Support Small Local Businesses
The state has announced the recipients of $3.2 million in Small Business Development Grants, which will be distributed among nineteen businesses across Wisconsin. The awards, ranging from $50,000 to $250,000, will be used to support business creation small business...
$100 Million Fresno, CA Warehouse Project Moves Forward After Lawsuit Dropped
A $100 million warehouse project in southeast Fresno, California, is back on track after a lawsuit from the environmental group Golden State Environmental was withdrawn. The project had initially faced pushback from advocates citing air pollution concerns and alleged...
Aldi Receives $5.3 Million for Delaware Distribution Center
Aldi, a German grocer, has secured a $5.3 million taxpayer grant to build a $550 million, 1.1 million-square-foot distribution center in New Castle, Delaware. The robot-assisted facility is expected to open in 2030 with 225 permanent jobs. Construction is estimated to...
2025 Tariffs: Top 20 Commodities Affected and Their Price Impact
President Trump's new tariffs are set to raise prices on a range of consumer goods. In an analysis released by the Budget Lab at Yale University, the 20 commodity categories impacted by 2025 tariffs and their percentage change in price levels are: Leather products...
Unnamed Fortune 100 Company to Build $1 Billion Data Center in Conway, Arkansas, Creating 50 Jobs
Conway, Arkansas, will be the site of a new $1 billion, 300,000-square-foot data center as the Conway City Council has recently approved a memorandum of understanding with Forgelight Ventures on behalf of an unnamed Fortune 100 company for the development of this...
Microsoft to Build San Jose, California Data Center With $65 Million Infrastructure Commitment
Microsoft has secured approval from the San Jose Planning Commission to build its first self-owned and operated data center in the South Bay. The project includes two data center buildings, with Microsoft committing $65 million in infrastructure improvements. The...
Drugmaker Novartis Unveils $23 Billion Expansion Plan Across U.S. Amid Tariff Uncertainty
Despite recent concerns surrounding tariff policies, drugmaker Novartis has announced a $23 billion investment over five years to expand its U.S. operations, including six new factories, three facility expansions, and a new R&D hub in San Diego. The plan marks a...
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