Trump Budget Targets 107,000 Federal Jobs for Elimination
Over 107,000 non-defense federal jobs are on the chopping block under the Trump administration’s 2026 budget plan, representing a sweeping 7% cut in staffing. Major cuts are targeted at the Departments of Education, Labor, Housing and Urban Development, as well as the...
Wiwynn Corp. Expands to Socorro, Texas with $152 Million Facility
Taiwanese tech giant Wiwynn Corp. is investing up to $152 million to build a new facility in Socorro, Texas, creating 514 high-paying jobs and marking one of the largest tech expansions in the Borderplex region. This expansion takes advantage of growing demand for...
Green Bay Packaging to Invest $1 Billion for Expansion in Morrilton, Arkansas
Green Bay Packaging is investing over $1 billion to expand its Arkansas Kraft paper mill in Morrilton, in what is hailed as the largest capital investment project in Central Arkansas history. The project is expected to bring in up to 1,200 contractors on site at its...
Hawaii Gov. Green to Veto Controversial Tax Credit Bill
Governor Josh Green announced plans to veto House Bill 796, which would have imposed a five-year sunset clause on all new or renewed income tax credits after 2025. The bill raised concerns across multiple industries, including renewable energy projects, affordable...
US Trade Deficit Sees Largest Monthly Drop on Record
The US trade deficit shrank to USD 61.6bn in April from USD 138.3bn in March, the largest monthly drop on record, due to a 16% plunge in imports, according to UBS. This sharp narrowing may lift GDP later in 2025, but UBS highlights that it’s likely a one-off driven by...
San Francisco Budget Plan Cuts 1,409 City Jobs to Tackle Deficit
Mayor Daniel Lurie unveiled a budget plan that would cut over 1,400 city positions to address San Francisco’s $781.5 million deficit. Most of the eliminated roles are already vacant, and cutting the non-vacant positions is projected to save just $40 million over two...
Foxconn Eyes Louisville, Kentucky for $174 Million Plant
Foxconn Technology USA Corp., an electronics manufacturer, is considering a $174 million facility in Louisville that could bring 180 high-paying jobs, according to state documents. The company received preliminary approval from the Kentucky Economic Development...
Orbic Breaks Ground on $110 Million NY Manufacturing Hub, Creating 1,000 Jobs
Governor Kathy Hochul announced that Orbic Electronics, a manufacturer of telecommunications and consumer electronics devices, has broken ground on $110 million advanced manufacturing hub in Hauppauge, Suffolk County, relocating operations from overseas and creating...
Joshua Gunn Named Durham’s New Economic and Workforce Development Director
Joshua Gunn will become Durham’s new director of Economic and Workforce Development on July 14, returning to his hometown with extensive leadership experience. Currently leading the Glendale Chamber of Commerce, Gunn has a strong track record in workforce development,...
“Big Beautiful Bill” Projected to Increase National Debt by Up to $3.8 Trillion
House Republicans’ massive tax cut package, the "One Big Beautiful Bill Act," is projected to add between $3.1 trillion and $3.8 trillion to the U.S. debt over the next decade, raising concerns about rising deficits and economic risks. Experts warn that the growing...