Arkema Invests $60M to Modernize Kentucky Facility
Arkema is investing $60 million into its Calvert City, KY plant, which will shift its production from a phased-out refrigerant to Forane 1233zd, a lower global warming potential alternative with applications in cooling and insulation. The project will secure 250 jobs...
U.S Manufacturing Momentum Builds in August
U.S. manufacturing expanded at its fastest pace in three years, with the S&P Global PMI rising to 53.3 in August from 49.8 in July. There is also stronger demand, order growth, and stockpiling, leading to the sharpest hiring since March 2022. The reading points to...
Minneapolis Secures AAA Credit Ratings for Second Year in a Row
Minneapolis has earned AAA ratings from S&P Global, Fitch, and Moody’s for the second consecutive year, underscoring its fiscal strength. The marks affirm the city’s stability, with analysts citing strong reserves, stable operations, and multiyear budgeting as key...
Paramount to Cut 2,000–3,000 Jobs After Skydance Merger
Paramount Global and Skydance have completed their merger, forming New Paramount with roughly 20,000 employees. However, the merger will result in the layoffs of 2,000 to 3,000 workers by November, representing more than 10% of the total workforce. Leadership says the...
T1 Energy to Build $850 Million Solar Cell Factory in Texas
T1 Energy is investing $850 million to build the G2_Austin 5 GW Solar Cell Facility in Milam County, Texas, which will be one of the largest solar cell factories in the U.S. Once operational in 2026, the plant is expected to generate 1,800 new manufacturing jobs....
Hitachi Energy’s $106 Million Tennessee Manufacturing Facility Expansion to Create 100 Jobs
Hitachi Energy is pouring $106 million for the expansion of its transformer component manufacturing facility in Alamo, Tennessee, as part of its global $6 billion investment strategy to strengthen the grid supply chain. The project will create over 100 new jobs and...
Citizen Caravan Strengthens NH-Canada Ties Amid Global Tensions
A citizen-led caravan will depart Peterborough on Sept. 5 for Sherbrooke, Quebec, to highlight New Hampshire’s $3.15 billion trade relationship with Canada, which accounts for nearly 25% of the state’s international commerce. The two-day mission will include a kickoff...
Fort Worth Names Jessica Rogers as New Economic Development Director
Jessica Rogers has been appointed as the new director of Fort Worth’s Economic Development Department and will begin her role in mid-September. Rogers, who previously served as economic development director in Denton and most recently as an assistant city manager in...
IRS Scraps Layoff Plans, Moves to Rebuild Workforce
The Internal Revenue Service has reversed course on its layoff plans and will instead focus on rebuilding its workforce through hiring, reassignments and rescinding deferred resignation offers. The shift comes after the agency lost more than 26,000 employees earlier...
AVAIO Digital to Build $6 Billion Data Center Campus in Brandon, Mississippi
AVAIO Digital is building a new $6 billion data center campus, AVAIO Digital Taurus, at the East Metropolitan Center Business and Industrial Park in Brandon, Mississippi. The project is expected to create at least 60 high-tech jobs, along with hundreds of indirect...