Economic Development News

Climeworks has announced plans to build a large direct air capture (DAC) facility in southwest Louisiana, mobilizing $50 million in private investment to match the U.S. Department of Energy's initial funding. The facility, which will be built on private property next...

In a significant boost for economic development, over $7.2 million in Growing Alabama funding has been awarded by the Renewal of Alabama Commission to four economic development organizations, aimed at improving site readiness for industrial and agricultural projects...

Massachusetts is fueling the growth of its local economy as state leaders announced that $161 million in grants, made through the Community One Stop for Growth, will be distributed towards 313 economic development projects across 171 communities in the state. Among...

The U.S. Department of Energy's Office of Clean Energy Demonstrations has launched a funding opportunity of up to $400 million for clean energy projects in rural and remote communities. This funding will help reduce energy costs, bolster local economic development,...

The Indiana Economic Development Corp. has announced that Brazil-based Sustainea plans to build a $400 million renewable chemical plant next to Primient’s production facility in Lafayette, Indiana, which is expected to generate 191 high-wage jobs. The Indiana Economic...

Laborde Products, a marine engine and equipment distribution company, is set to boost economic growth in Louisiana with the development of its new $5.85 million operations center and warehouse in St. Tammany Parish. This project is expected to create five direct jobs...

The development of the Northeast Alabama Regional (NEAR) Megasite is advancing as Etowah County secured a $4.6 million grant from Alabama’s Site Evaluation and Economic Development Strategy (SEEDS) program. The funding will be allocated toward the construction of a...

South Dakota is set for an economic boost with the Governor's Office of Economic Development (GOED) approving $30 million in funding to be distributed towards various projects. This funding will support job creation, infrastructure upgrades, and business development...

Asset Technology Group (ATG) is investing $6.2 million to relocate its headquarters to Florence County, S.C. a move that will create 77 new jobs. The new 8,500-square-foot facility, set to starts its online operation in the fourth quarter, marks a significant...