Economic Development News

Johnson & Johnson has broken ground on a $2 billion drug ingredients factory in Wilson, North Carolina, as part of its previously announced $55 billion domestic investment plan over the next four years. The drug substance plant is expected to create over 420...

Hyundai Steel Company is expanding its presence in Louisiana as it invests $5 billion to build a new steel plant in Ascension Parish, which will serve as Hyundai's steel supply mill for its assembly plants across the country. The construction, set to begin in 2026, is...

The New Jersey Economic Development Authority (NJEDA) Board has approved $103.9 million in tax credits through the Aspire Program to support the development of H-2, the second building in New Brunswick's Health + Life Science Exchange (HELIX) project, led by SJP...

T1 Energy Inc., formerly Freyr Battery Inc., is investing $850 million to build a five-gigawatt solar cell manufacturing facility called G2 Austin in Milam County, Texas, which is expected to create 1,800 jobs. The project, which will be located at the former Alcoa...

Project West WHP - GA LLC is seeking approval to build Project West, a $9.7 billion data center campus near LaGrange, Georgia. Projected to create nearly 570 jobs for Troup County residents, the project is also estimated by Economic Impact Group LLC to generate $762...

New York State has awarded $10 million to Poughkeepsie as the Mid-Hudson winner of the eighth round of the Downtown Revitalization Initiative, along with $4.5 million each to Nyack and Dobbs Ferry through NY Forward. Using the funding, Poughkeepsie will focus on...

Governor JB Pritzker has unveiled a $300 million plan for the redevelopment of five unused state properties, including the long-abandoned Dwight Correctional Center, the Jacksonville Developmental Center, the Lincoln Developmental Center, the H. Douglas Singer Mental...

Houston, Texas, is set to transform its downtown area with a $2 billion redevelopment of the George R. Brown Convention Center (GRB), aiming to solidify its status as a global hub for sports, entertainment, and tourism. Scheduled for completion by 2038, this...

The Marshall Area Economic Development Alliance has transferred 500 acres of land to BlueOval Battery Michigan LLC, a subsidiary of Ford Motor Co., for the development of BlueOval Battery Park, making it the largest industrial property owner in Marshall, Michigan....

Governor Josh Stein announced that the Rural Infrastructure Authority (RIA) has approved $9,627,500 in grants to support local governments in North Carolina, projected to create 785 jobs and attract over $165.9 million in public and private investment. The funding,...