Economic Development News

The Nebraska Department of Economic Development has allocated $14,173,231 in Community Development Block Grant (CDBG) funds to 38 projects across 33 communities, supporting downtown revitalization, planning, and public works initiatives. The awards will fund projects...

Novartis plans to build a flagship manufacturing hub in Durham and Morrisville, North Carolina, creating more than 700,000 square feet of facilities to produce biologics, sterile packaging, tablets, and capsules. The $771 million investment is expected to generate 700...

Tyson Foods will shut its Lexington, Nebraska beef processing plant and reduce shifts at its Amarillo, Texas facility, impacting more than 3,200 workers amid U.S. cattle shortages. The Lexington plant, capable of processing 5,000 head of cattle per day, produced...

Florida’s tourism industry delivered another strong year in 2024, as a new study reveals that the sector delivered $133.6 billion in economic impact last year, helping support 1.8 million jobs and saving households nearly $2,000 each in taxes. The state welcomed 143...

According to a new study, California’s dairy industry generated $23.2 billion in GDP and supported more than 150,000 jobs in 2024. The sector produced $9.0 billion in farm milk and $29.1 billion in processed dairy goods during the year. This shows the industry’s role...

Rockwell Automation is moving forward with plans to build a highly automated, digitally enabled factory near its headquarters as part of a broader $2 billion push to expand U.S. operations. The facility, which could become the company’s largest manufacturing campus at...

An analysis from NJBIA and NJIT reveals the Bayway Industrial Complex’s significant contribution to New Jersey’s statewide output and workforce. The Bayway Industrial Complex generated $21.3 billion in economic output last year and supported more than 12,000 jobs...

Nearly 1,000 workers in Georgia are facing layoffs as several companies including Sodexo, Baker & Taylor, and General Motors announce closures and restructuring. Sodexo will lay off 67 employees in Augusta and 120 in Savannah, Baker & Taylor will cut 289 jobs...

Impending layoff notices in the U.S. spiked in October, with 39,006 workers in 21 states receiving WARN alerts, one of the highest totals since tracking began in 2006. Major employers including Target, Amazon, and UPS have announced recent job cuts, signaling...

According to a NAFSA report, International students contributed $42.9 billion to the US economy and supported over 355,000 jobs in 2024–2025. Majority of the contributions came from universities in California, New York, and Massachusetts, with community colleges and...