Economic Development News

Potters Industries, LLC, a manufacturer of glass beads for retroreflective highway safety products, has been awarded $19.5 million in New Markets Tax Credit (NMTC) financing to help revive production operations in Wilson, NC. This financing will aid in acquiring the...

A new report from Economic Impact Group reveals the Cherokee Nation contributes approximately $3.1 billion annually to Oklahoma's economy, supporting over 23,000 jobs and providing $1.2 billion in wages and benefits each year. The tribe’s economic success has been...

Munters Corporation has announced that it will be investing $29.95 million to expand its HVAC manufacturing facility in Botetourt County, Virginia, which is expected to create 270 new jobs. The 200,000-square-foot expansion will help meet the growing demand for data...

Governor Kathy Hochul has announced the recipients of $19 million in funding to accelerate downtown revitalization in New York, $10 million of which will go to the Village of Cattaraugus through the Downtown Revitalization Initiative (DRI), while $4.5 million each...

ExxonMobil is investing over $100 million to upgrade its facility in the Baton Rouge Complex, improving production of high-purity isopropyl alcohol essential for U.S. semiconductor manufacturing. Set for completion in 2027, the project will retain existing jobs and...

Komatsu, a manufacturer of construction, mining, forklift, industrial, and forestry equipment, has broken ground on a new $80 million, 215,000-square-foot facility in Mesa, Arizona, tripling its operational footprint to better serve its growing number of customers in...

Schneider Electric is investing $700 million through 2027 to expand its U.S. manufacturing operations, bringing its total investment this decade to over $1 billion. The expansion is expected to create more than 1,000 jobs in engineering, technology, and advanced...

Ergon Refining is investing $400 million to expand its Vicksburg refinery, adding gasoline production to its facility and creating 20 new jobs. The project, set for completion by 2027, includes facility upgrades and infrastructure improvements connecting to the...

Shinsung ST USA is investing $53.5 million to establish its first U.S. manufacturing facility in Simpson County, Kentucky, which is expected to create 100 new jobs in the region. The 300,000-square-foot facility in the Henderson Interstate Industrial Park is expected...