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Nearly 1,000 Maryland State Workers Seek Buyouts as State Pursues Cost-Cutting Plan

Sep 8, 2025 | Economic Development, Finance - Economic Development

Nearly 1,000 Maryland state employees have applied for a voluntary separation program designed to shrink government and help cut $121 million in personnel expenses. The Department of Budget and Management will decide by mid-September which workers can leave, with...

Report: International Trade Fuels Illinois’ Economy

Sep 8, 2025 | Economic Development, Finance - Economic Development

A new study shows that international trade continues to be a major driver of Illinois’ economy, as Illinois manufacturers exported nearly $69 billion in goods in 2024, contributing to the $390 billion in exports from 13 Midwest states. Canada and Mexico remained...

APTA Pushes New Transit Bill, Citing Strong Economic Returns

Sep 8, 2025 | Economic Development, Legal - Economic Development

The American Public Transportation Association is urging the Trump administration and Congress to pass a long-term surface transportation reauthorization bill that includes $268 billion for public transit and passenger rail over the next five years. The proposal would...

Amgen Unveils $600M R&D Facility Plan at California HQ

Sep 8, 2025 | Economic Development, Finance - Economic Development

Amgen will invest more than $600 million to build a new research and development facility at its Thousand Oaks, California headquarters, creating hundreds of jobs. The site will feature advanced automation and digital capabilities to support scientists in developing...

Kentucky to Distribute $26M for Appalachian Revitalization Projects

Sep 8, 2025 | Economic Development, Finance - Economic Development

Nearly $26 million in Abandoned Mine Land Economic Revitalization funding will be distributed to education, health care, tourism, and infrastructure projects across 11 Appalachian counties in Kentucky. The 15 selected projects are expected to create or retain more...

Salesforce Cuts 4,000 Jobs

Sep 8, 2025 | Economic Development, Finance - Economic Development

Salesforce CEO Marc Benioff revealed the company has cut nearly 4,000 customer support roles, crediting AI systems for making the reduction possible. The move marks a reversal from his earlier assurances that artificial intelligence would enhance, not replace, human...

Court Strikes Down Trump’s Sweeping Tariffs

Sep 8, 2025 | Economic Development, Legal - Economic Development

A federal appeals court ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act by imposing sweeping tariffs, however, enforcement is on hold until October to allow the administration to consider a Supreme Court...

Economists Warn Oregon Faces Nearly $900M in Revenue Losses

Sep 8, 2025 | Economic Development, Finance - Economic Development

Oregon’s $472 million budget buffer is expected to flip into a $373 million deficit as state economists project $888 million in revenue losses tied to federal tax and spending policies. Economists warned lawmakers of slower growth, job losses, and heightened recession...

JS Link America to Invest $223M in Georgia Magnet Plant, Create 520 Jobs

Sep 8, 2025 | Economic Development, Finance - Economic Development

JS Link America Inc. will invest $223 million to build a new 130,000-square-foot rare earth permanent magnet manufacturing facility in Columbus, creating more than 520 jobs. The project strengthens Georgia’s role in securing the U.S. supply chain for critical...

$80 Million Funding to Support 23,000 Jobs Across California 

Sep 8, 2025 | Economic Development, Finance - Economic Development

California is investing $80 million in eleven projects across seven economic regions and 18 counties to strengthen key industries and create jobs. The awards mark the first phase of a $125 million initiative under the California Jobs First Economic Blueprint, with...

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