Economic Development News
The latest trends, news and insights on economic development.
Michigan Employers Announce 500+ Layoffs Last Month
Michigan employers announced more than 500 layoffs in September, according to WARN notices filed with the state. The cuts include 133 at Zeeland-based Howard Miller, 37 at Natron Energy in Holland, 83 at PepsiCo’s Detroit facility, 79 at SalonCentric in Kentwood, 71...
Pfizer Agrees to MFN Drug Prices, $70B in U.S. R&D and Production
Pfizer has struck a deal with the Trump administration to provide all of its prescription drugs to Medicaid patients at “most favored nation” prices, and to pledge $70 billion in new U.S. production and R&D investments. The company also plans to offer...
Rowan Digital Infrastructure to Build $700M Data Center in Temple, TX
Rowan Digital Infrastructure plans to invest $700 million in a new data center campus on 700 acres in Temple, Texas, adding to its existing local facility. The project is expected to create about 30 high-paying permanent jobs, hundreds of construction jobs, and...
Voice of America Journalists Win Court Battle Against Mass Layoffs
A federal judge halted more than 500 planned layoffs at Voice of America, blocking U.S. Agency for Global Media order just hours before it was set to take effect. Judge Royce Lamberth said the government failed to comply with earlier court rulings tied to a lawsuit by...
Report: CHI Bears Stadium to Generate $1.3B Annually
The Chicago Bears released the renderings for their $10.9 billion stadium and mixed-use district in Arlington Heights, which a study projects will generate economic benefits across Illinois. The project, which includes a $6.6 billion domed stadium and $855 million in...
Report: 2025 Legislation Could Place Arizona’s Economy At Risk
A new report from the Common Sense Institute Arizona and the Arizona Chamber Foundation warns that 88 bills introduced in the 2025 legislative session could have added $45.9 billion in annual costs on businesses and reduced employment by 660,000 jobs. The study found...
$11 Million Awarded to Three Manufacturing Firms in Michigan
Michigan Strategic Fund Board has approved $11.1 million in grants for three major projects expected to create about 800 jobs and strengthen the state’s manufacturing and engineering base. The awards include $7.5 million for American Rheinmetall’s new Auburn Hills...
Labor Department Awards $86 Million to Strengthen Workforce Training in High-Demand Industries
The U.S. Department of Labor has awarded more than $86 million in Industry-Driven Skills Training Fund grants to 14 states to expand workforce training in high-demand industries. Over $20 million of the funding will support revitalizing the domestic shipbuilding...
Report: Retailers May Add Fewer Than 500K Seasonal Jobs
Retailers may hire fewer than 500,000 seasonal workers in the final quarter of this year, marking the smallest holiday hiring gain since 2009, according to a report from Challenger, Gray & Christmas. Analysts cited tariffs, inflationary pressures, and growing...
Bipartisan Bill Introduced to Ease SEC Burdens on Small Businesses
Sen. Katie Britt and Sen. Andy Kim have introduced the bipartisan Small Entity Update Act to modernize the SEC’s outdated definition of “small entity” and ease regulatory burdens on small businesses. The bill would require the SEC to reassess compliance costs, update...
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