Economic Development News
The latest trends, news and insights on economic development.
JCB to Expand $500 Million Factory in San Antonio, Texas Amid Tariffs Imposition
JCB, a heavy equipment manufacturer, plans to double the size of its $500 million factory under construction in San Antonio, Texas, increasing its space from 500,000 to 1 million square feet to mitigate the impact of the new 10% tariffs on UK imports. The expansion is...
$6 Billion Project Lincoln: OC Data Center to Boost Oldham County, Kentucky’s Economy by $4 Billion
Western Hospitality Partners plans to build a $6 billion data center campus, Project Lincoln: OC Data Center, on a 267-acre site in Oldham County, Kentucky, which is expected to generate a $4 billion economic impact. The facility will consist of eight buildings...
Steelmaker Cleveland-Cliffs Cuts 1,230 Jobs in Michigan and Minnesota Due to Tariff Challenges
Cleveland-Cliffs is laying off 1,230 workers in Michigan and Minnesota as the steelmaker responds to challenges created by the Trump administration's tariffs on steel and auto imports. The company will idle operations at its Dearborn, Michigan, plant, leading to 600...
$200 Million in Economic Development Projects Awarded, Resulting in 1,833 Jobs Across New York
Governor Kathy Hochul announced economic development project awards across New York, which are expected to generate $200 million in capital investments, as approved by the New York Power Authority (NYPA) Board of Trustees. These awards will create and retain 1,833...
10,000 Jobs Coming to Indiana County, Pennsylvania with $10 Billion Energy Campus Construction
The former Homer City Generating Station site in Indiana County, Pennsylvania, will soon become home to the nation’s largest natural gas-fired power station. The $10 billion Homer City Energy Campus will generate up to 4.5 GW of electricity, powering both AI-driven...
SHL Medical Opens $220 Million Facility in South Carolina
SHL Medical has officially opened a $220 million, 360,000 ft² manufacturing facility in North Charleston, South Carolina, marking a significant expansion of its U.S. operations. This expansion not only positions SHL Medical as a leader in autoinjector production but...
OCI Holdings’ $265 Million Solar Plant Expansion to Create 500 Jobs in Texas
OCI Holdings is investing $265 million to expand its solar value chain in the U.S. through its subsidiary, Mission Solar Energy, which will add two gigawatts of solar cell production capacity at its San Antonio, Texas campus. The project aims to take advantage of...
Five Projects in Massachusetts Receive $4.7 Million in State Tax Credits for Job Creation and Business Growth
The Massachusetts Economic Assistance Coordinating Council (EACC) has approved five projects for the Economic Development Incentive Program (EDIP), which aims to foster job creation and business growth, to receive a total of $4,686,188. These projects are expected to...
Fort Worth, Texas to See $2.1 Billion Data Center Project with 37 High-Paying Jobs
The infrastructure developer, ACS Group, announced plans to build a five-building data center campus on a 107-acre property northwest of Fort Worth, Texas. The $2.1 billion project, expected to create 37 high-paying jobs with average annual salaries of at least...
Stellantis Lays Off 900 Workers, Halts Production Due to Trump’s Tariffs
Stellantis has temporarily laid off 900 workers at five U.S. facilities and paused production at its assembly plants in Mexico and Canada due to the tariffs imposed by President Trump. The tariffs, which include a 10% baseline on all imports and 25% duties on all auto...
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