New Jersey Gov. Signs $500m Manufacturing Incentive Program
New Jersey Gov. Phil Murphy has signed bill S-4407 into law, establishing a landmark $500 million tax credit program to boost the state’s manufacturing sector. The Next New Jersey Manufacturing Program will provide incentives for advanced manufacturing, clean energy,...
Century Aluminum Revives Mt. Holly, SC Smelter with $50 Million Investment
Century Aluminum will spend $50 million to restart 50,000 metric tons of idled production at its Mt. Holly, South Carolina smelter, creating more than 100 jobs and boosting U.S. aluminum output by nearly 10%. The facility, which has not run at full capacity since...
Google Expands Oklahoma Presence With $9 Billion Investment
Google is strengthening its foothold in the U.S. with plans to invest $9 billion in Oklahoma over the next two years to expand its Pryor data center, build a new site near Stillwater, and boost AI and cloud infrastructure. The plan includes workforce training through...
Katherine Ollendieck to Lead Toledo’s New Economic Development Department
Tama County Economic Development ceased operations in June following a budget cut and the resignation of longtime director Katherine Ollendieck, prompting most commissioners to also step down. In response, Toledo created its own Economic Development department to...
Texas Faces Nearly 1,900 Job Cuts, Harris County Takes the Brunt
Texas is set to experience 1,877 layoffs in the coming months, with Harris County bearing the brunt at 1,146 cuts. Southwest Key Programs leads the reductions with 1,213 job losses, followed by Turner Industries with 211, Equus Workforce Solutions with 207, Planned...
Adom Industries’ $229M Project Expected to Create 267 Jobs in Fort Worth, TX
Fort Worth, Texas will become home to Adom Industries’ $229 million headquarters and factory following a unanimous City Council vote approving $15 million in incentives. The cloud-connected factory will allow engineers to design and test electronics remotely while...
The Ranch: $1B Development in Gilbert Projected to Generate $1.5B Annually
The Ranch, a $1 billion mixed-use development in Gilbert, Arizona, has received final entitlement approval, allowing permitting and construction to begin on the 295-acre project. Led by IndiCap, Colmena Group, and Langley Properties, The Ranch will integrate...
JPMorgan: AI Threatens White-Collar Jobs
AI could put white-collar knowledge workers at higher risk of unemployment, as office roles with “non-routine cognitive occupations” may be increasingly automated, JPMorgan economist Murat Tasci warns. These workers make up around 45% of U.S. household employment,...
Trump Imposes Tariffs on 60+ Countries
President Trump began imposing higher tariffs on imports from more than 60 countries, including 15% on goods from the EU, Japan, and South Korea, and 20% on products from Taiwan, Vietnam, and Bangladesh. India and Switzerland face particularly steep duties of 50% and...
Tourism Downturn Threatens Las Vegas Economy
Las Vegas is seeing a historic drop in tourism, dubbed the "Trump slump," with visitor numbers dropping for the sixth consecutive month amid immigration crackdowns and trade tensions. International arrivals have plummeted, affecting sectors like restaurants and the...