Economic Development News
The latest trends, news and insights on economic development.
Premium Drinks Company Invests $415 Million in New Montgomery, AL Facility
Diageo North America, a premium drinks company, announced plans to invest approximately $415 million in a new 360,000-square-foot manufacturing and warehousing facility in Montgomery, Alabama. Diageo Montgomery is expected to create 750 jobs during its construction...
SPC Group Expands in Texas with $165 Million Food Production Facility
SPC Group, the parent company of Paris Baguette, is expanding its presence in North America as it invests $165 million to build a 267,000-square-foot production facility in Burleson, Texas. Supported by $10 million in local tax breaks, the food manufacturing plant...
EDA Awards $64M Tax Credit for Jersey City’s Bayfront Housing Development
The first phase of Jersey City’s Bayfront housing project is advancing after the Economic Development Authority approved a $64 million tax credit award under the Aspire program. The Bayfront Promenade will add 210 rental units, with 74 designated as affordable...
New Economic Development Zones Approved in Erie and Reading, Pennsylvania
Governor Josh Shapiro’s administration has approved new economic development zones in Erie and Reading through the City Revitalization and Improvement Zone (CRIZ) program. The CRIZ program aims to revitalize downtowns, attract businesses, and create jobs by utilizing...
Amazon Web Services Invests $11 Billion to Expand AI and Cloud Infrastructure in Georgia
Amazon Web Services (AWS) is investing $11 billion to expand its artificial intelligence and cloud computing infrastructure in Georgia, which includes new data centers in Butts and Douglas counties. Over the past 10 years, AWS has contributed $18.5 billion to...
Compass Datacenters to Invest $10 Billion for its Hyperscale Campus in Meridian, Mississippi
Compass Datacenters is set to develop a $10 billion hyperscale data center campus in Meridian, Mississippi, consisting of eight data centers to be built over eight years. Backed by state incentives, support, and tax exemptions, the project is expected to create...
Saab’s $75M Munitions Plant in Michigan Advances with Land Sale Approval
Saab's $75 million munitions plant proposal in Grayling Township, Michigan, moves forward as its local board approved the sale of 380 acres of state land for the project, despite ongoing environmental concerns and public opposition. Those who are opposed voiced...
Peoria, AZ Invests $140 Million to Develop State Land for Economic Growth
The City of Peoria, Arizona, is investing $140 million in public infrastructure on 6,700 acres of state land in the northern part of the city, with the goal of spurring economic growth. By entering into an agreement with the Arizona State Land Department, the city...
Illinois Quantum and Microelectronics Park to Generate $20 Billion Economic Impact with IBM’s New Center
Backed by a $25 million state grant, IBM has announced plans to establish the National Quantum Algorithm Center at the Illinois Quantum and Microelectronics Park, a commercial hub development on the former U.S. Steel site in Chicago. The company is expected to invest...
$200M Cannon Beach Project in McKinney, TX Set to Generate $2 Billion in Economic Impact
The city of McKinney, Texas is teaming up with an Arizona developer to bring a $200 million Cannon Beach project, which will feature a surf lagoon, resort-style hotel, entertainment, and business spaces at the northeast corner of Stacy Road and S.H. 121. Expected to...
Explore Our Metro Data Libraries
Explore our premium metro data libraries, including deals, contracts, financing documents, RFP libraries and our Who’s Who directories of top professionals. All for free.
Listen to Our Civic Development Podcast!
Dive into civic development with expert commentary on all areas of civic finance: infrastructure, affordable housing, economic development and more.
Newsletter
Sign up below to get weekly alerts for newly added datasets, news and more.
