PSA Airlines to Cut 157 Jobs in Ohio HQ Relocation
PSA Airlines will lay off 157 employees as it relocates its headquarters from Vandalia, Ohio, to Charlotte, North Carolina. The phased layoffs will occur between October 2025 and April 2027, with the new headquarters expected to open in January 2026. About 350...
UBS Flags 93% U.S. Recession Risk in Hard Data
UBS warns the U.S. economy is showing a 93% recession risk in its “hard data", though it stops short of formally forecasting a downturn. The bank instead expects “soggy growth,” with an aggregate recession probability of 52% when factoring in credit markets and the...
Ohio OKs Four Expansions to Bring $287M Investment and 233 New Jobs
Ohio leaders approved four major business expansions that will drive more than $287 million in investments across the state. The projects are expected to create 233 new jobs and retain nearly 600 others, generating over $20 million in new payroll. Expansions include...
Amkor Relocates $2B Semiconductor Plant to Larger Peoria, Arizona Site
Amkor will relocate its planned $2 billion semiconductor packaging and testing facility within Peoria to a 104-acre site near Loop 303 and Lake Pleasant Parkway, with construction beginning this September. The project, expected to create 2,000 jobs, was moved from a...
Nearly 1,000 Maryland State Workers Seek Buyouts as State Pursues Cost-Cutting Plan
Nearly 1,000 Maryland state employees have applied for a voluntary separation program designed to shrink government and help cut $121 million in personnel expenses. The Department of Budget and Management will decide by mid-September which workers can leave, with...
Report: International Trade Fuels Illinois’ Economy
A new study shows that international trade continues to be a major driver of Illinois’ economy, as Illinois manufacturers exported nearly $69 billion in goods in 2024, contributing to the $390 billion in exports from 13 Midwest states. Canada and Mexico remained...
APTA Pushes New Transit Bill, Citing Strong Economic Returns
The American Public Transportation Association is urging the Trump administration and Congress to pass a long-term surface transportation reauthorization bill that includes $268 billion for public transit and passenger rail over the next five years. The proposal would...
Amgen Unveils $600M R&D Facility Plan at California HQ
Amgen will invest more than $600 million to build a new research and development facility at its Thousand Oaks, California headquarters, creating hundreds of jobs. The site will feature advanced automation and digital capabilities to support scientists in developing...
Kentucky to Distribute $26M for Appalachian Revitalization Projects
Nearly $26 million in Abandoned Mine Land Economic Revitalization funding will be distributed to education, health care, tourism, and infrastructure projects across 11 Appalachian counties in Kentucky. The 15 selected projects are expected to create or retain more...
Salesforce Cuts 4,000 Jobs
Salesforce CEO Marc Benioff revealed the company has cut nearly 4,000 customer support roles, crediting AI systems for making the reduction possible. The move marks a reversal from his earlier assurances that artificial intelligence would enhance, not replace, human...