Over 1,200 Illinois Workers Face August Layoffs Across Multiple Industries
Illinois companies have reported more than 1,200 job cuts set for August, according to state WARN notices. OSF HealthCare will cut 121 jobs in Champaign and Urbana, Compass Group USA will lay off 27 in Joliet, IG Design Group will close its Shorewood plant eliminating...
Wisconsin Offers $100 Million Tax Credit for Eli Lilly’s $4B Project
Wisconsin is providing up to $100 million in performance-based tax credits to support pharmaceutical giant Eli Lilly and Co.’s $4 billion manufacturing project in Bristol. The facility is expected to create 750 jobs and strengthen the state’s role in pharmaceutical....
General Matter to Build $1.5 Billion Uranium Enrichment Facility in Kentucky
General Matter will invest nearly $1.5 billion to build a uranium enrichment facility in McCracken County, creating 140 high-paying jobs and marking the largest economic development project in Western Kentucky’s history. The company has signed a lease with the U.S....
Goldman, Moody’s Warn: Housing Slump Sparks Recession Fears
Goldman Sachs’ Jan Hatzius warns that an 8% drop in residential investment could weigh heavily on U.S. economic growth in the second half of 2025, citing affordability issues and slowing immigration. He and other economists, including Moody’s Mark Zandi, view housing...
Lawmakers Push to Protect Shipyard Jobs Amid Federal Job Cuts
A group of senators has introduced a bill to shield workers at the nation’s four public shipyards from federal hiring freezes and layoffs. The legislation would exempt critical civilian roles, such as welders, engineers, and nuclear maintenance staff, from job cuts...
Auto Parts Maker to Lay Off 82 Workers as Alabama Plant Closes
Federal-Mogul Motorparts will shut down its Boaz, Alabama, plant by September 25, resulting in 82 layoffs, according to a WARN notice filed on July 30. The company, owned by Tenneco, produces chassis parts for major automakers including Mercedes-Benz and Toyota. While...
Cantex Invests $120 Million in Manufacturing Facility in Arkansas
Cantex Inc. will invest $120 million to open a new manufacturing facility in Nashville, Arkansas, creating 110 jobs by year’s end. This move follows the acquisition of a former Husqvarna plant, which the company plans to upgrade with new equipment for making...
Virginia Invests $40 Million in Business-Ready Sites Across State
Governor Glenn Youngkin announced $40 million in Virginia Business Ready Sites Program grants to prepare 13 industrial sites across the state for economic development. Of the total, $35.9 million will fund site development, while $4.1 million will accelerate...
Five Wisconsin Companies Report Layoffs in July
Five Wisconsin companies reported workforce actions in July totaling 170 layoffs, down from 419 in June. Confirmed layoffs include 37 at Krueger’s True Value, 52 at TouchPoint, 25 at CHS Inc., and 56 at StoneRidge, while U.S. Cellular's restructuring affects 42...
Trump Plans Tariffs Up to 250% on Pharma Imports
The U.S. will begin imposing tariffs on pharmaceutical imports, with rates potentially rising to 250% within a year and a half, President Trump said. The announcement comes as part of broader trade actions, including upcoming duties on semiconductors and copper...