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California Awards $15 Million for Tribal Economic Development

Jun 30, 2025 | Economic Development, Finance - Economic Development

California has awarded $15 million in grants to 14 tribal governments and organizations to support economic development and workforce training. The funding, announced by Governor Newsom and the California Jobs First Council, will support initiatives focused on job...

Arizona’s Largest Layoffs of 2025: Nikola, Deployed Resources, and Department of Economic Security Lead Cuts

Jun 30, 2025 | Economic Development, Finance - Economic Development

Arizona’s job market remains steady at midyear, but unemployment has risen slightly to 4.1%, up from 3.4% a year ago. Major layoffs have already surpassed last year’s midyear total, with over 5,700 jobs affected across 50 WARN notices. The largest cuts came from...

LA’s $30 Minimum Wage Hike Faces Backlash

Jun 30, 2025 | Economic Development, Finance - Economic Development

A new poll by the Center for Union Facts shows that a majority of Los Angeles voters, including those in union households, believe the city's $30 minimum wage for hotel and airport workers could lead to job losses and higher consumer costs. The wage hike, approved by...

Bakersfield Named California’s Top Economic Bellwether

Jun 30, 2025 | Economic Development, Finance - Economic Development

Bakersfield has been ranked California’s top “economic bellwether” city in a new MarketBeat study, recognized for showing early signs of economic shifts like hiring changes and inflation sensitivity. The city’s key industries, which are oil, agriculture, and freight,...

GE Appliances to Invest $490 Million in Louisville, Kentucky Washer Plant

Jun 30, 2025 | Economic Development, Featured - Economic Development, Finance - Economic Development

GE Appliances announced a $490 million investment to build its most advanced washer manufacturing plant at its Louisville, Kentucky headquarters, reshoring production from China and creating 800 new full-time jobs. The move strengthens Kentucky’s role as a hub for...

Cheniere Moves Ahead with $2.9B LNG Facility Expansion in Corpus Christi

Jun 30, 2025 | Economic Development, Finance - Economic Development

Liquefied natural gas exporter Cheniere Energy is moving forward with a $2.9 billion expansion at its Corpus Christi LNG facility, which is expected to increase annual production by 3 million metric tons. Combined with a debottlenecking project the company will also...

New Hampshire Seeks Stronger Canada Economic Ties with Trade Mission in September 

Jun 30, 2025 | Economic Development

New Hampshire Governor, Kelly Ayotte, will lead a trade mission to Canada this September to deepen economic ties between New Hampshire and its northern neighbor. Canada is a key economic partner for the state, accounting for $1.2 billion in exports and $1.7 billion in...

US Jobless Claims Climb Sharply, Highest Since 2021

Jun 30, 2025 | Economic Development, Featured - Local Economics

Recurring jobless claims in the U.S. climbed to their highest level since November 2021, pointing to a labor market where unemployed workers are taking longer to find new jobs. Initial claims, however, dipped, which together with the increase in recurring claims...

U.S. GDP Shrinks 0.5% in First Quarter, Revised Estimate Shows

Jun 30, 2025 | Economic Development, Finance - Economic Development

In its third and final estimate, the Commerce Department reported that U.S. GDP contracted at an annualized rate of -0.5% in the first quarter, a sharper decline than the previously reported 0.2%. The downturn was driven by weak consumer spending and a growing trade...

Georgia Awards $8M for Industrial Site Development in Rural Areas

Jun 30, 2025 | Economic Development, Finance - Economic Development

Governor Brian P. Kemp announced $8 million in new grants through the OneGeorgia Authority’s Rural Site Development Initiative to help rural communities prepare industrial sites for future economic growth. Awardees include the Development Authority of the City of...

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