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ABB to Invest $110M in U.S. Electrification Solutions Expansion

Sep 23, 2025 | Economic Development, Finance - Economic Development

ABB is investing $110 million through 2025 to expand R&D and manufacturing of advanced electrification solutions across the U.S and Puerto Rico. The projects include new and expanded facilities in Mississippi, Virginia, and North Carolina, collectively creating...

$200M Woodward Investment to Create 275 Jobs in South Carolina

Sep 23, 2025 | Economic Development, Finance - Economic Development

Woodward, Inc. will invest nearly $200 million to establish a new manufacturing facility in Spartanburg County, South Carolina, creating about 275 jobs. The 300,000-square-foot plant in Smith Farms Industrial Park will produce servo-hydraulic actuation systems for...

Parts Shortage Forces GM Layoffs in Missouri

Sep 22, 2025 | Economic Development, Finance - Economic Development

General Motors is planning temporary layoffs at its Wentzville, Missouri assembly plant, citing a parts shortage that will idle production from September 29 to October 19. The move will affect the majority of workers at the facility, which builds Chevrolet Colorado...

DOI Proposes Repeal of Public Lands Rule Over Economic Concerns

Sep 22, 2025 | Economic Development, Legal - Economic Development

The U.S. Department of the Interior has proposed rescinding the 2024 Public Lands Rule, which had recognized conservation as a formal use of federal lands. The agency argues the rule put too much emphasis on protection at the expense of economic activities such as...

Plastics Industry Fuels $1.1 Trillion Economic Impact, 5 Million Jobs

Sep 22, 2025 | Economic Development, Finance - Economic Development

America’s plastics industry generated more than $1.1 trillion in economic output in 2024, supporting nearly 5 million jobs, according to new analysis from the American Chemistry Council. The sector directly employed about 670,000 workers across 11,600 facilities,...

ATP Opens North America Unit with $70M South Carolina Investment

Sep 22, 2025 | Economic Development, Finance - Economic Development

ATP Adhesives is investing $70 million in its first U.S. solvent-free adhesive manufacturing facility in Columbia, South Carolina, as part of its launch of ATP North America. The said 127,000-square-foot plant is expected to generate 130 jobs and begin production in...

AstraZeneca Unveils $50 Billion Expansion Plan in U.S. 

Sep 22, 2025 | Economic Development, Finance - Economic Development

AstraZeneca is committing $50 billion in U.S. investments by 2030, anchored by a multi-billion-dollar manufacturing facility in Virginia to produce drug substances for its weight management and metabolic portfolio. The investment is expected to create tens of...

AGC Biologics to Cut 278 Jobs, Sell Colorado Production Sites

Sep 22, 2025 | Economic Development, Finance - Economic Development

AGC Biologics plans to cut about 278 jobs as it prepares to sell its large-scale manufacturing plants in Boulder and Longmont, Colorado. Most affected roles are in engineering, manufacturing and quality, according to a WARN notice filed. Layoffs are expected to begin...

Michigan State University Budget Cuts Could Eliminate 200 Jobs

Sep 22, 2025 | Economic Development, Finance - Economic Development

Michigan State University is moving forward with budget cuts that could eliminate about 200 jobs as it reduces general fund spending by 6% this year, officials confirmed. President Kevin Guskiewicz said final layoff numbers are not yet determined, with union...

Port Pascagoula Delivers $18.2B to Mississippi Economy

Sep 22, 2025 | Economic Development, Finance - Economic Development

Port Pascagoula generated more than $18.25 billion in total economic output in fiscal 2024, supporting over 28,000 jobs across Mississippi, according to a new study by the University of Southern Mississippi's Trent Lott National Center. The report found the the port...

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