Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
OCI Holdings’ $265 Million Solar Plant Expansion to Create 500 Jobs in Texas
OCI Holdings is investing $265 million to expand its solar value chain in the U.S. through its subsidiary, Mission Solar Energy, which will add two gigawatts of solar cell production capacity at its San Antonio, Texas campus. The project aims to take advantage of...
Five Projects in Massachusetts Receive $4.7 Million in State Tax Credits for Job Creation and Business Growth
The Massachusetts Economic Assistance Coordinating Council (EACC) has approved five projects for the Economic Development Incentive Program (EDIP), which aims to foster job creation and business growth, to receive a total of $4,686,188. These projects are expected to...
Fort Worth, Texas to See $2.1 Billion Data Center Project with 37 High-Paying Jobs
The infrastructure developer, ACS Group, announced plans to build a five-building data center campus on a 107-acre property northwest of Fort Worth, Texas. The $2.1 billion project, expected to create 37 high-paying jobs with average annual salaries of at least...
Stellantis Lays Off 900 Workers, Halts Production Due to Trump’s Tariffs
Stellantis has temporarily laid off 900 workers at five U.S. facilities and paused production at its assembly plants in Mexico and Canada due to the tariffs imposed by President Trump. The tariffs, which include a 10% baseline on all imports and 25% duties on all auto...
Potters Industries to Create Jobs and Revitalize Wilson, NC with $19.5 Million NMTC Award
Potters Industries, LLC, a manufacturer of glass beads for retroreflective highway safety products, has been awarded $19.5 million in New Markets Tax Credit (NMTC) financing to help revive production operations in Wilson, NC. This financing will aid in acquiring the...
New Report Highlights Cherokee Nation’s $3.1 Billion Economic Impact in Oklahoma
A new report from Economic Impact Group reveals the Cherokee Nation contributes approximately $3.1 billion annually to Oklahoma's economy, supporting over 23,000 jobs and providing $1.2 billion in wages and benefits each year. The tribe’s economic success has been...
New Bill Seeks to Use TIF for Converting Underused Commercial Buildings to Affordable Housing in Minneapolis and St. Paul
Rep. Athena Hollins (DFL-St. Paul) introduced HF2574, a bill aimed at allowing Minneapolis and St. Paul to use tax increment financing (TIF) to convert vacant or underused commercial and industrial buildings into residential housing. The bill proposes three key...
Lehi City Council Approves $8 Million TIF for Mixed-Use Development in Utah
The Lehi City Council approved a tax increment financing (TIF) agreement on March 18 that will provide approximately $8 million in tax subsidies for the proposed Morning Vista Community Reinvestment Project, a large mixed-use development in the Traverse Mountain area...
City Council Approves LIHTC Application for a $19 Million Apartment Project in Sedona, AZ
The Sedona City Council unanimously voted to support a Low-Income Housing Tax Credit application for a proposed 36-unit affordable apartment complex called “The Flats on Blue Heron.” The $19 million development, planned for a city-owned parcel on State Route 89A, aims...
New Legislation Seeks to Streamline Historic Tax Credit to Improve Affordable Housing Production
Rep. Seth Magaziner, a U.S. representative for Rhode Island, has introduced legislation requiring the National Park Service to report on how to improve the Historic Tax Credit (HTC) program to better support affordable housing development. The bill aims to streamline...
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