Economic Development News
The latest trends, news and insights on economic development.
Trump Administration Reverses Manufacturers Funding Cuts After Backlash
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...
Ohio Approves Tax Credits for Six Projects Creating 699 Jobs and $835 Million in Investment
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 Brings $50 Million First-Phase Development Investment to Taylor, Texas
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,...
Landscaping Products Supplier Expands to South Carolina with $45 Million Investment
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...
Earth Breeze Opens $5.9 Million Detergent Facility in Kentucky, Creating 226 Jobs
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...
Employers Add 177,000 Jobs Amid Trade War
U.S. employers added 177,000 jobs in April, exceeding expectations and signaling continued labor market strength despite economic uncertainty from President Trump’s trade policies. The unemployment rate held steady at 4.2%, with gains led by the healthcare,...
Nelson Brothers Grows Alabama Roots With $19.4 Million Investment
Nelson Brothers LLC, a specialty chemical and explosives company, will invest $19.4 million to expand its operations at its Parrish and Samoset locations in Walker County, Alabama, creating five new jobs and enhancing its specialty chemicals operations. Through this...
Personal Care Products Manufacturer to Build $800M Manufacturing Facility in Warren, Ohio
Kimberly-Clark, a personal care and hygiene products manufacturer, will invest $800 million to build an advanced manufacturing facility in Warren, Ohio, creating 491 jobs in the region. The project was approved after the Ohio Tax Credit Authority recently granted a...
California Awards $30.5M in Tax Credits to Spur $2.1B in Private Investment
California has awarded $30.5 million in tax credits to seven companies through its CalCompetes program, part of the broader California Jobs First initiative. The recipients are expected to invest more than $2.1 billion and create new jobs in various sectors including...
Canadian Food Service Manufacturer Aerowerks Expands to South Carolina with New $10M Facility
Aerowerks, a food service industry manufacturer from Ontario, Canada, will open its first U.S. operation in Cherokee County, South Carolina, with a $10 million investment. The new facility will create 52 jobs and focus on assembling, designing, and manufacturing...
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