U.S. Wholesale Prices Dip in August
Wholesale prices unexpectedly fell 0.1% in August, signaling easing inflation pressures and boosting expectations for a Federal Reserve interest rate cut this month, according to a Bureau of Labor Statistics report. Core PPI, which excludes food and energy, also...
Mary Foote Appointed as Director of Arizona’s Economic Opportunity Office
Governor Katie Hobbs has appointed Mary Foote as the new Director of Arizona’s Office of Economic Opportunity. Foote, who currently leads the Greater Arizona Development Authority, has a track record of advancing public infrastructure projects and supporting rural and...
Owens Corning to Lay Off Workers at Utah Insulation Plant
A billion-dollar manufacturing company, Owens Corning, will lay off 67 workers at its Nephi, Utah insulation facility on Oct. 27. The Ohio-based building products manufacturer said the move is part of a strategic decision to curtail operations, despite reporting $2.7...
Google Picks West Memphis for $10B Data Center Campus, Largest Investment in Arkansas History
Google has purchased a 1,178-acre site in West Memphis, Arkansas, from Moses Tucker Partners to build a $10 billion data center campus, hailed as the largest private capital investment in state history. The project will feature multiple hyperscale data centers,...
$40M Raised to Boost San Francisco’s Downtown Revitalization Initiatives
San Francisco Mayor Daniel Lurie announced that the Downtown Development Corp. has raised $40 million in private funding to support the city’s downtown revitalization efforts. The coalition of business, labor, and philanthropic leaders plans to use the money for...
U.S. Manufacturing Sheds 12,000 Jobs in August
The U.S. manufacturing sector lost 12,000 jobs in August, with the transportation equipment industry hardest hit by worker strikes. Despite the decline, losses were down 70% from August 2024, when 40,000 jobs were shed, while other manufacturing sectors like plastics,...
Riviera Beach, FL Issues RFP for Marina Village Phase II P3 Development
The Riviera Beach Community Redevelopment Agency has issued an RFP seeking developers for Marina Village Phase II in Florida, advancing plans to transform the downtown waterfront into a regional gateway and economic hub. Anchored by the City Marina, the P3...
NCEdge Expands Trainee Volume and Workforce Gains Across North Carolina
The North Carolina Community College System reported strong results for its 2024-25 NCEdge Customized Training Program, which delivered tailored workforce training to more than 30,000 trainees statewide. The initiative supported 319 workforce development projects for...
Nathan Trotter to Invest $65M in First U.S. Tin Production Plant in Virginia
Nathan Trotter will invest $65 million to build Tin Ridge, the nation’s first large-scale tin production and processing facility, in Henry County, Virginia. The 115,000-square-foot plant on a 44-acre site north of Martinsville will boost domestic tin supply while...
Micro Bird Opens $38M Bus Plant in New York, Adds 350 Jobs
Micro Bird has officially opened its new $38 million U.S. manufacturing facility at the former Nova Bus site in Plattsburgh, Clinton County, bringing at least 350 jobs to the region. Supported by state incentives including Excelsior Jobs Program tax credits and a...