Iowa Awards $12 Million Tax Incentive to JBS for Perry Sausage Plant
A $12 million tax incentive has been awarded to JBS Foods by the Iowa Economic Development Authority through the High Quality Jobs program to support its $135 million sausage production plant in Perry, Iowa. The facility will initially create 250 jobs and eventually...
Wyoming’s Workforce Exodus Signals Looming Economic Crisis
Wyoming is facing a severe workforce out-migration crisis, with 60% to 70% of residents leaving the state by age 30, a trend that threatens long-term economic decline, according to the Wyoming Business Council. Officials say attracting knowledge-based jobs and...
Fed: Still Early to Assess Tariff Impact on U.S. Economy
The Federal Reserve’s latest Monetary Policy Report says U.S. inflation remains elevated and the labor market solid, but warns that the full impact of President Trump’s tariffs is still unfolding. While some goods inflation appears to be rising, the effects are not...
Skilled Labor Shortage in Home Building Sector Costs U.S. Economy $10.8B Annually, Study Finds
A new study from the Home Builders Institute and NAHB reveals that the skilled labor shortage for the single-family home building sector is causing a $10.8 billion annual hit to the U.S. economy. Delays in construction timelines and reduced housing output are driving...
Cayuga Completes $270 Million Expansion, Adds 150 Jobs in New York
Cayuga Milk Ingredients has completed a $270 million, two-phase expansion in Cayuga County, New York more than doubling its workforce and boosting opportunities for New York dairy farmers. Supported by up to $4 million capital grant and up to $4 million made available...
Texas Instruments Unveils $60 Billion Investment in Semiconductor Fabs Across Texas and Utah
Texas Instruments announced a landmark $60 billion investment to expand its manufacturing production across seven semiconductor fabrication plants in Texas and Utah. The project, partially supported by up to $1.6 billion in CHIPS Act funding, is expected to support...
Intel Memo: 15% to 20% of Factory Workforce To Be Cut Starting July
Intel plans to cut 15 to 20 percent of its factory workforce, a move that could eliminate over 10,000 jobs globally, with significant impact in Oregon. The cuts are expected to hit Oregon especially hard, where the company employs 20,000 people. The layoffs, set to...
California Faces $275 Billion Economic Hit from Mass Deportations, Report Says
A new report from the Bay Area Council Economic Institute warns that mass deportations could severely damage California’s economy, slashing $275 billion in wages and economic activity. Undocumented workers make up 8% of the state’s labor force and are vital to...
North Carolina Announces $2.9 Million in Grants to Support Nine Rural Projects, to Spur $52 Million in Investments
Nine initiatives across North Carolina have been awarded $2,941,000 by the Rural Infrastructure Authority (RIA) and are expected to create 137 jobs across the state. The state investment is projected to attract over $52 million in additional public and private funding...
Volvo Construction Equipment Strengthens U.S. Footprint with $261 Million Expansion Plan
Volvo Construction Equipment is expanding its U.S. manufacturing capabilities with a major upgrade to its Shippensburg, Pennsylvania, facility as part of a $261 million global investment. The plant will begin producing crawler excavators and large wheel loaders,...