Economic Development News

Eight companies in Michigan are laying off 1,349 workers in April. Major cuts include 424 from Flagstar Bank, 188 from Akasol, 159 from Lippert Components, 153 from Evergreen Packaging, 92 from LNW Gaming, 60 from McCann, 45 from Lear Corporation, and 18 from...

Maryland has awarded over $2 million in grants to 52 breweries, wineries, and distilleries through two state programs supporting the craft beverage industry, with $1 million from the Winery and Vineyard Economic Development Grant Program and over $1.5 million from the...

Regeneron Pharmaceuticals is nearly doubling its U.S. manufacturing capacity through a $3 billion, 10-year supply deal with Fujifilm Diosynth Biotechnologies. Under the agreement, Fujifilm will produce commercial biologic medicines for Regeneron at its new facility in...

BioMADE, a nonprofit in partnership with the U.S. Department of Defense, is building a $132 million biomanufacturing facility in Maple Grove, Minnesota to help companies develop products derived from living organisms. The 122,000-square-foot plant will support defense...

Aegis Sortation, a provider of sortation solutions, will invest $15.9 million to expand its Louisville operations, creating 80 new full-time jobs in Kentucky. The expansion includes up to $2.2 million in tax incentives if it meets the annual target of creating 80...

Good news for small and medium-sized manufacturers, as The Trump administration reversed its decision to cut funding for 10 state Manufacturing Extension Partnership (MEP) centers after backlash from lawmakers and industry leaders. Delaware Rep. Sarah McBride called...

Six projects recently approved by Ohio leaders to receive Job Creation Tax Credits are set to create 699 new jobs and retain 300 across the state, generating over $62 million in new payroll and $835 million in investments. In central Ohio, projects in Franklin County...

Gradiant Technology Park, a 2.2-million-square-foot industrial development, is coming to Taylor, Texas, with a $50 million first-phase development investment by iMarketAmerica, a subsidiary of South Korea’s iMarketKorea. The park will feature manufacturing, R&D,...

Techo-Bloc has announced a $45 million investment to establish its first South Carolina facility in Lexington County, creating 46 new jobs. The new manufacturing plant in Cayce will produce hardscape products such as pavers, slabs, and retaining walls, with operations...

Marking a major step in its U.S. expansion, Earth Breeze has officially opened a $5.9 million laundry detergent sheets manufacturing facility in Harrodsburg, Kentucky, creating 226 full-time jobs. Governor Andy Beshear joined company and local leaders at the ribbon...