Alabama Invests $23.5 Million for Site-Readiness of Industrial Properties
Site Evaluation and Economic Development Strategy (SEEDS) grants totaling $23.5 million have recently been awarded by the State Industrial Development Authority to accelerate industrial site readiness across Alabama, securing the state's future economic growth. These...
ArcelorMittal to Open $1.2 Billion Electrical Steel Plant in Mobile, Alabama
Advancing Alabama's economic growth, ArcelorMittal is investing $1.2 billion to develop a new electrical steel manufacturing facility in Mobile, which is expected to create 200 permanent jobs. The plant, set to open in 2027, will produce up to 150,000 metric tons of...
V-GaN Tech Hub Awarded $23.7M to Advance Semiconductor Development in Vermont
The Vermont Gallium Nitride (V-GaN) Tech Hub, a collaboration among the University of Vermont (UVM), GlobalFoundries, and the state of Vermont, has been awarded $23.7 million in federal funding from the U.S. Economic Development Administration, setting Vermont on the...
Four Companies to Invest $55 Million, Creating 167 Jobs in Southeast Michigan
Nearly $55 million in capital investment and 167 new jobs will be created in Wayne and Oakland counties as four economic development projects are coming to Southeast Michigan. These four companies include NxLite, investing $5 million to establish its U.S....
Premium Drinks Company Invests $415 Million in New Montgomery, AL Facility
Diageo North America, a premium drinks company, announced plans to invest approximately $415 million in a new 360,000-square-foot manufacturing and warehousing facility in Montgomery, Alabama. Diageo Montgomery is expected to create 750 jobs during its construction...
SPC Group Expands in Texas with $165 Million Food Production Facility
SPC Group, the parent company of Paris Baguette, is expanding its presence in North America as it invests $165 million to build a 267,000-square-foot production facility in Burleson, Texas. Supported by $10 million in local tax breaks, the food manufacturing plant...
EDA Awards $64M Tax Credit for Jersey City’s Bayfront Housing Development
The first phase of Jersey City’s Bayfront housing project is advancing after the Economic Development Authority approved a $64 million tax credit award under the Aspire program. The Bayfront Promenade will add 210 rental units, with 74 designated as affordable...
New Economic Development Zones Approved in Erie and Reading, Pennsylvania
Governor Josh Shapiro’s administration has approved new economic development zones in Erie and Reading through the City Revitalization and Improvement Zone (CRIZ) program. The CRIZ program aims to revitalize downtowns, attract businesses, and create jobs by utilizing...
Amazon Web Services Invests $11 Billion to Expand AI and Cloud Infrastructure in Georgia
Amazon Web Services (AWS) is investing $11 billion to expand its artificial intelligence and cloud computing infrastructure in Georgia, which includes new data centers in Butts and Douglas counties. Over the past 10 years, AWS has contributed $18.5 billion to...
Compass Datacenters to Invest $10 Billion for its Hyperscale Campus in Meridian, Mississippi
Compass Datacenters is set to develop a $10 billion hyperscale data center campus in Meridian, Mississippi, consisting of eight data centers to be built over eight years. Backed by state incentives, support, and tax exemptions, the project is expected to create...