Civic Development News and Data

The latest local trends, news and insights on infrastructure, economic development, housing and economics.

Civic Development Podcast #3: P3s Unplugged with Thomas John, Seth Miller Gabriel and Jeremy Ebie

Episode #3: P3s Unplugged: Insights from the Washington DC Streetlights Project Three infrastructure insiders join us to break down the Washington DC Streetlights P3 Project, a case study of innovative thinking in urban development. The panelists share their insights...

$370M Microchip Facility to Boost Louisiana Economy, Add 300 Jobs

Radiance Technologies will invest $370 million to build a secure microchip research and manufacturing plant in Ruston, Louisiana. Backed by nearly $37 million in state support, the project is expected to create 150 direct jobs and 149 additional indirect positions....

Hyundai Raises U.S. Investment to $26 Billion

Hyundai Motor Group will boost its U.S. investment to $26 billion over the next four years, targeting steel, automotive, and robotics production. The plan includes a new low-carbon steel plant in Louisiana, increasing U.S. car production to 1.2 million units annually,...

Kentucky, Indiana Approve $933 Million I-69 Bridge Project

The Kentucky Public Transportation Infrastructure Authority and Indiana reached an agreement to move forward with the $933 million I-69 bridge over the Ohio River. Kentucky will financing, planning, and construction of the bridge, with costs shared equally between the...

Civic Development Podcast #1: The Big Beautiful Bill and Affordable Housing in the 2nd Trump Administration with David Gasson

Episode #1 David Gasson of MG Housing Strategies joins us to break down everything affordable housing professionals need to know about the state of play in the 119th Congress and the 2nd Trump Administration. * The episode begins with a discussion on the 2nd Trump...

GE Appliances to Invest $490 Million in Louisville, Kentucky Washer Plant

GE Appliances announced a $490 million investment to build its most advanced washer manufacturing plant at its Louisville, Kentucky headquarters, reshoring production from China and creating 800 new full-time jobs. The move strengthens Kentucky’s role as a hub for...

US Jobless Claims Climb Sharply, Highest Since 2021

Recurring jobless claims in the U.S. climbed to their highest level since November 2021, pointing to a labor market where unemployed workers are taking longer to find new jobs. Initial claims, however, dipped, which together with the increase in recurring claims...

$240 Million P3 Deal Brings Student Housing to Palm Beach Atlantic University

A $240 million public-private partnership between Gilbane and Palm Beach Atlantic University will bring a 25-story, mixed-use student housing tower to downtown West Palm Beach. The project includes 990 student beds, a dining hall, fitness center, and parking...

New Indiana Law Paves Way for Tolls, Rail Investment, Local Road Funding

Indiana has become the first state to authorize tolling on all interstate highways, allowing officials to seek federal waivers without additional legislative steps. The law also offers tax credits for private rail investments and gives counties new ways to fund road...

MO Gov. Kehoe Signs $1.5 Billion Stadium Incentive Package to Keep Royals, Chiefs

Missouri Gov. Mike Kehoe has signed off on a $1.5 billion stadium incentive package aimed at keeping the Kansas City Royals and Chiefs from relocating across the state line. The plan would cover up to 50% of stadium costs using tax revenue generated by the teams,...

Saab’s $75M Munitions Plant in Michigan Advances with Land Sale Approval

Jan 14, 2025 | Economic Development, Finance - Economic Development

Saab's $75 million munitions plant proposal in Grayling Township, Michigan, moves forward as its local board approved the sale of 380 acres of state land for the project, despite ongoing environmental concerns and public opposition. Those who are opposed voiced...

Norman, Oklahoma’s TIF Districts Set to Revitalize Griffin Memorial Hospital Area

Jan 10, 2025 | Credits and Incentives, Finance - Incentives, TIFs

The Norman City Council of Oklahoma is considering three proposed tax increment finance (TIF) districts, expected to generate $61 million over the next 25 years for the redevelopment in the Griffin Memorial Hospital project area. These districts include areas south of...

TIF Plan Moves Forward in Rutland, VT with $58.4M in New Development

Jan 10, 2025 | Credits and Incentives, Finance - Incentives, TIFs

The Rutland Board of Aldermen has approved the Tax Increment Financing (TIF) District Plan for submission to the Vermont Economic Progress Council (VEPC). If approved by VEPC, the TIF District is expected to generate revenue which will be earmarked to finance public...

New Bill Aims to Increase Historic Tax Credit for Rural Projects

Jan 10, 2025 | Credits and Incentives, Legal - Incentives

Senators Shelley Moore Capito and Mark Warner have proposed the Rural Historic Tax Credit Improvement Act, S. 5607, a bipartisan bill aimed at increasing the historic tax credit for rural projects from 20% to 30%, and up to 40% for affordable housing development....

$263.2M LIHTC Fund to Advance Affordable Housing Development

Jan 10, 2025 | Affordable Housing, Credits and Incentives, Finance - Incentives

Red Stone Equity Partners has closed its largest low-income housing tax credit (LIHTC) fund to date, the $263.2 million Fund 113, which is earmarked for the development and rehabilitation of 1,672 affordable housing units across 19 properties in 11 states. Fund 113...

Illinois Tollway Board Greenlights $2 Billion Seven-Year Capital Plan to Revamp State Roadways

Jan 7, 2025 | Featured - Infrastructure, Finance - Infrastructure, Finance - Public Projects/Construction, Infrastructure, Transportation

In an effort to address the state's infrastructure needs, the Illinois Tollway board of directors recently approved a $2 billion, seven-year capital plan, 'Bridging the Future,' to support ongoing infrastructure investments and modernization efforts for the five...

Peoria, AZ Invests $140 Million to Develop State Land for Economic Growth

Jan 7, 2025 | Economic Development, Finance - Economic Development, Finance - Infrastructure, Infrastructure

The City of Peoria, Arizona, is investing $140 million in public infrastructure on 6,700 acres of state land in the northern part of the city, with the goal of spurring economic growth. By entering into an agreement with the Arizona State Land Department, the city...

New York Announces $101.8 Million Investment in Rail and Port Infrastructure

Jan 7, 2025 | Finance - Infrastructure, Finance - Public Projects/Construction, Infrastructure, Ports, Transportation

In a step toward transforming New York’s infrastructure and transportation landscape, it has been announced that $101.8 million in funding will be made available through the Passenger and Freight Rail Assistance Program to improve rail and port infrastructure across...

$51 Million in Awarded for Affordable Homeownership Across New York

Jan 7, 2025 | Affordable Housing, Finance - Specialty Housing

In support of Governor Kathy Hochul's $25 billion Housing Plan to create and preserve 100,000 affordable homes, the state leader has announced that $51 million in grants have been awarded, benefiting 1,060 households across New York. Made possible through programs...

Flash Update: GDP Growth in Every State (December 2024 Release)

Jan 6, 2025 | Flash Update: GDP, Flash Updates, GDP

CivMetrics collects key economic data for all 50 U.S. states. In this post, we look at the latest GDP figures by state. For questions about our data, or to request data, please contact [email protected]. Data is from the Bureau of Economic Analysis, released...

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