Economic Development News

White River Energetics (WRE), an ammunition primer and energetics manufacturer, announced its $70 million investment in Des Arc, Arkansas as it expands its facility in the said city, which includes a new $60 million smokeless propellant factory and an additional $10...

Kentucky's metal sector celebrates a major milestone as Kentucky Aluminum Processors broke ground on their $40 million facility in Russellville, poised to create 75 new jobs for Kentucky residents. The new recycling facility, run by a joint venture between Tri-Arrows...

Pennsylvania Lt. Gov. Austin Davis and Department of Community and Economic Development (DCED) Secretary Rick Siger announced that the $20 million Main Street Matters program is now accepting applications until November 15, 2024. Part of Gov. Shapiro's 2024-25...

Mid South Extrusion, a flexible film and bag manufacturer, is advancing Northeast Louisiana’s manufacturing sector and economic development with its announcement of a $17 million investment at its Ouachita Parish facility to install two new blown film extrusion lines,...

Meta has announced the development of an $800 million data center on a 715,000-square-foot site in Aiken County, South Carolina, marking a significant economic development milestone that is expected to create 100 jobs in the region. Scheduled to be operational by...

Saga Spirits Group plans to invest $92.5 million in a whiskey-related project in Versailles, Kentucky, which will include a distillery, visitor center, and event space, and is expected to create 89 jobs and boost the local economy. Said project is supported by...

Governor Jim Justice announced that three companies will invest $219 million in West Virginia, with Babcock & Wilcox, a leader in energy and environmental technologies, making the largest commitment at $125 million to Mason County.  West Virginia Press...

Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) last week launched Illinois' 2024 Economic Growth Plan. This five-year plan is designed to propel Illinois' economic growth by outlining strategies to attract groundbreaking...

Edgecombe County, NC is gearing up for an economic boost with the announcement that Natron Energy, an industrial battery manufacturer, has proposed the development of a $1.4 billion plant on a 400-acre site in Rocky Mount. This project is estimated to create 1,062...

There have been over 1,400 economic development deals in 2024, according to data from the CivMetrics Economic Development Deals Database. Which states are leading the way, and which are lagging behind? Michigan has seen the most deals (190), closely followed by...