Washington Names Andrea Chartock to Lead Economic Development Office
Andrea Chartock has been named by Commerce Director Joe Nguyễn to lead Washington’s Office of Economic Development and Competitiveness. She joins the agency with over 25 years of global economic development experience, including work on USAID-funded programs and...
Moderna Invests $140M to Expand Massachusetts mRNA Manufacturing Facility
The biotech firm Moderna is investing $140 million to scale up its Moderna Technology Center in Norwood, Massachusetts to complete domestic end-to-end mRNA production by 2027. The project is expected to create hundreds of construction and biomanufacturing jobs,...
Nokia to Invest $4B on U.S. Manufacturing and R&D Expansion
Nokia announced a $4 billion investment to boost its manufacturing and research capabilities across the U.S., including Texas, New Jersey, and Pennsylvania. The funding will focus on AI-ready technologies, advanced networking, and R&D, with $3.5 billion dedicated...
U.S. Job Losses Accelerate Amid Data Gaps
The U.S. labor market shows signs of weakening as private companies shed an average of 13,500 jobs per week over the past four weeks, up from 2,500 weekly losses in the prior report, according to ADP. With government shutdowns delaying key economic data, alternative...
San Francisco Board Rejects Legacy Business Protection Proposal
A measure aimed at strengthening protections for San Francisco’s longstanding small businesses failed to pass the Board of Supervisors, sparking debate over preservation versus development. The proposal would have required building owners to obtain special permits...
NYCEDC Incentives Drive $40B in Investment, 127,000 Jobs
The New York City Economic Development Corporation’s 2025 Incentives Portfolio Annual Report shows that its three tax incentive programs have leveraged over $40 billion in private investment since 2011. The incentive programs have supported hundreds of projects,...
Nebraska Awards $14.2M in Community Development Grants
The Nebraska Department of Economic Development has allocated $14,173,231 in Community Development Block Grant (CDBG) funds to 38 projects across 33 communities, supporting downtown revitalization, planning, and public works initiatives. The awards will fund projects...
Novartis to Invest $771M in North Carolina Manufacturing Hub
Novartis plans to build a flagship manufacturing hub in Durham and Morrisville, North Carolina, creating more than 700,000 square feet of facilities to produce biologics, sterile packaging, tablets, and capsules. The $771 million investment is expected to generate 700...
Tyson Foods to Close Nebraska Plant, Lay Off 3,200 Workers
Tyson Foods will shut its Lexington, Nebraska beef processing plant and reduce shifts at its Amarillo, Texas facility, impacting more than 3,200 workers amid U.S. cattle shortages. The Lexington plant, capable of processing 5,000 head of cattle per day, produced...
Florida Tourism Remains Economic Engine With $133.6B Impact
Florida’s tourism industry delivered another strong year in 2024, as a new study reveals that the sector delivered $133.6 billion in economic impact last year, helping support 1.8 million jobs and saving households nearly $2,000 each in taxes. The state welcomed 143...