2,100+ NC Small Businesses Receive $55 Million Financial Boost
Small businesses in Western North Carolina have received a $55 million boost through a statewide initiative backed by the Dogwood Health Trust, the Duke Endowment, and state funds. Distributed to 2,182 businesses, the funding aims to help local enterprises recover,...
Micron to Invest $200B in U.S. Chip Manufacturing, Creating 90,000 Jobs
Micron Technology plans to invest $200 billion in U.S. semiconductor manufacturing, expanding facilities in Idaho, New York, and Virginia to boost domestic chip production. The Commerce Department framed the move as part of the Trump administration’s broader push to...
Blue-Collar Wages Surge Nearly 2%
Blue-collar workers have seen nearly 2% real wage growth in the first five months of Trump’s second term, the largest increase in the past 60 years, according to Treasury data. The 1.7% gain marks a sharp contrast to the 1.7% wage drop under Biden in the same period....
Maryland’s Economy Faces Strain Amid Federal Workforce Reductions
Maryland’s deep reliance on federal spending has left its economy vulnerable as the Trump Administration moves to shrink the federal workforce, a new report from the comptroller’s office and the University of Maryland warns. The state, home to the third-most federal...
Economic Growth to Slow, Tariff-Driven Inflation to Persist: NABE Survey
Tariffs at levels unseen since the 1930s are expected to drag U.S. economic growth down to 1.3% this year, according to a NABE survey. Seventy-eight percent of economists see import duties as the top economic risk, followed by concerns over geopolitical conflicts...
‘Big Beautiful Bill’ Could Bring Harsh Fallout for New York
New analyses show New York could lose billions in federal support under Trump’s proposed budget and House Republicans’ “Big Beautiful Bill,” including $13.5 billion annually from Medicaid, $2.1 billion from food aid, and $4.4 billion from housing assistance. The cuts...
Statewide Exports Down 6% as Tariff Instability Hits Minnesota Hard
Minnesota exports fell 6% in the first quarter, hit hard by President Trump’s shifting tariff policies and rising trade tensions. While national exports grew 3%, Minnesota lagged behind as key partners like Canada and China responded with retaliatory tariffs. State...
Twelve Michigan Tribes Appeal Loss of $23 Million Federal Funds Tied to Anti-DEI Shift
Twelve federally recognized tribes in Michigan are appealing the Trump administration’s cancellation of $23 million in EPA grants, which they say are vital to tribal health, energy efficiency, and environmental restoration. The funding, including $20 million to...
Illinois Toy Company Battles Trump Tariffs, Seeks Urgent Supreme Court Ruling
Illinois-based toy company Learning Resources has petitioned for the U.S. Supreme Court to fast-track a challenge to Trump-era tariffs, arguing they were imposed illegally without congressional approval. The company warns that delays could worsen economic uncertainty...
Over 21,000 Jobs Cut as Manufacturers Scale Back
Manufacturers are turning to layoffs as tariff pressures and uncertain demand weigh on operations, with over 21,000 jobs cut in May alone. Nissan is slashing 20,000 jobs globally, while Bridgestone confirmed 658 layoffs in Tennessee, Serta will cut 180 in California,...