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Generic Drugmaker Hikma to Invest $1 Billion to Strengthen U.S. Footprint 

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

Hikma Pharmaceuticals has announced a $1 billion investment to expand its U.S. manufacturing and R&D operations by 2030, reinforcing its role as a major generic drug supplier amid growing tariff uncertainty. The investment targets facilities in Columbus and...

Howard Industries’ $237 Million Expansion Across Three Mississippi Counties

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

Electrical distribution transformer and technology products manufacturer Howard Industries is investing nearly $237 million to expand its operations across Clarke, Jones, and Simpson counties in Mississippi, creating 450 new jobs. The expansion will help the company...

Trump Set to Impose up to 70% Tariff on Multiple Countries

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

President Trump is preparing to impose sharply higher “reciprocal” tariffs on over a dozen countries, with letters detailing new rates, some as high as 70%. The move marks the end of a three-month tariff moratorium and comes as few trade agreements have been...

U.S. Job Openings Rise to 6-Month High in May

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

According to BLS’ latest Job Openings and Labor Turnover Survey, U.S. job openings rose to 7.77 million in May, reaching a six-month high and surprising economists who expected a slowdown amid ongoing economic uncertainty. Gains were led by the accommodation and food...

U.S. Manufacturing Shows Modest Recovery in June

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

U.S. manufacturing showed modest improvement in June, driven by stronger production and inventory activity despite continued weakness in demand and tariff-related uncertainty. The ISM’s Purchasing Managers’ Index rose to 49%, while production rose to 50.3% for the...

Tyson Foods to Invest $23.5 Million in Kentucky Facility Expansion, to Retain 1,100 Jobs

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

Tyson Foods is investing $23.5 million to expand and modernize its Robards, Kentucky facility, helping retain over 1,100 full-time jobs. The project will increase production capacity, expand product lines, and is set for completion by spring 2026. Supported by state...

Lactalis USA Invests $75 Million to Upgrade New York Dairy Plants

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

Lactalis USA, a world leader in dairy products, is investing over $75 million to expand and modernize its Walton and Buffalo dairy facilities. The upgrades will retain over 800 jobs, create more than 50 new ones, and boost production of popular products like Galbani...

Alaska Minimum Wage Rises to $13 with Sick Leave Mandate in 2025

Jul 1, 2025 | Economic Development, Finance - Economic Development

Alaska’s minimum wage will rise from $11.91 to $13 per hour on July 1, with further increases to $15 by 2027, along with new mandatory paid sick leave, following voter approval of Ballot Measure 1. Supporters say the measure will boost local spending and improve...

Pioneer Institute Report: Massachusetts Loses Ground in Innovation and Economic Growth

Jul 1, 2025 | Economic Development, Finance - Economic Development

According to a recent report of Pioneer Institute, Massachusetts’ economic growth has slowed significantly since 2020, especially in its once-leading professional, scientific, and technical services sector. While the state still ranks second in real Gross State...

2025 Minimum Wage Comparison: State-by-State Breakdown

Jul 1, 2025 | Economic Development, Finance - Economic Development

Minimum wage laws vary widely across the U.S., and businesses with employees in multiple states must navigate a patchwork of rates and rules. As of 2025, the federal minimum wage remains unchanged at $7.25 per hour, which hasn’t increased since 2009. Washington, D.C....

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