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California Dairy Sector Fuels $23.2B in GDP and 150,000 Jobs

Dec 1, 2025 | Economic Development, Finance - Economic Development

According to a new study, California’s dairy industry generated $23.2 billion in GDP and supported more than 150,000 jobs in 2024. The sector produced $9.0 billion in farm milk and $29.1 billion in processed dairy goods during the year. This shows the industry’s role...

New Rockwell Automation Factory Slated in Wisconsin Under $2B Expansion Plan

Dec 1, 2025 | Economic Development, Finance - Economic Development

Rockwell Automation is moving forward with plans to build a highly automated, digitally enabled factory near its headquarters as part of a broader $2 billion push to expand U.S. operations. The facility, which could become the company’s largest manufacturing campus at...

Bayway Industrial Complex Generates $21.3B for New Jersey Economy

Nov 25, 2025 | Economic Development, Finance - Economic Development

An analysis from NJBIA and NJIT reveals the Bayway Industrial Complex’s significant contribution to New Jersey’s statewide output and workforce. The Bayway Industrial Complex generated $21.3 billion in economic output last year and supported more than 12,000 jobs...

Georgia Faces Nearly 1,000 Layoffs Across Multiple Firms

Nov 25, 2025 | Economic Development, Finance - Economic Development

Nearly 1,000 workers in Georgia are facing layoffs as several companies including Sodexo, Baker & Taylor, and General Motors announce closures and restructuring. Sodexo will lay off 67 employees in Augusta and 120 in Savannah, Baker & Taylor will cut 289 jobs...

U.S. Layoff Notices Hit High in October

Nov 25, 2025 | Economic Development, Finance - Economic Development

Impending layoff notices in the U.S. spiked in October, with 39,006 workers in 21 states receiving WARN alerts, one of the highest totals since tracking began in 2006. Major employers including Target, Amazon, and UPS have announced recent job cuts, signaling...

US Economy Gains $42.9B and 355,000 Jobs from International Students

Nov 25, 2025 | Economic Development, Finance - Economic Development

According to a NAFSA report, International students contributed $42.9 billion to the US economy and supported over 355,000 jobs in 2024–2025. Majority of the contributions came from universities in California, New York, and Massachusetts, with community colleges and...

First Quality Expands Pennsylvania Manufacturing with $142M Investment

Nov 25, 2025 | Economic Development, Finance - Economic Development

First Quality Retail Services, LLC is investing $142.2 million to expand its manufacturing operations in Mifflin County, Pennsylvania. The expansion will add four production lines, create 91 new jobs, and retain 2,441 existing positions statewide. The project includes...

California Awards $99.9M in Tax Credits to Increase Jobs and Manufacturing Activities

Nov 25, 2025 | Economic Development, Finance - Economic Development

Governor Gavin Newsom announced $99.9 million in California Competes Tax Credits awarded to nine companies, supporting the creation of 2,752 jobs and attracting over $370 million in private investment. Atomic Machines Inc. received $156.3 million, Bright Machines...

Illinois Sees 1,500 Layoffs Across Multiple Industries

Nov 25, 2025 | Economic Development, Finance - Economic Development

Twelve companies filed October WARN notices announcing layoffs and furloughs affecting over 1,500 Illinois workers. The affected companies include Ferrero USA (101), Spirit Airlines (90), Acero Charter Schools (152), Baker & Taylor (318), Chartwells (138),...

Verizon Plans 15,000+ Job Cuts in Major Restructuring

Nov 25, 2025 | Economic Development, Finance - Economic Development

Verizon is preparing to cut at least 15,000 jobs and convert about 180 company-owned stores into franchises, a shift that could impact up to 20,000 positions when store conversions effects are included. The overhaul, aimed at reducing costs amid slowing customer...

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