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,...

Etowah County, AL Secures $4.6 Million Grant for NEAR Megasite Development

Oct 15, 2024 | Economic Development

The development of the Northeast Alabama Regional (NEAR) Megasite is advancing as Etowah County secured a $4.6 million grant from Alabama’s Site Evaluation and Economic Development Strategy (SEEDS) program. The funding will be allocated toward the construction of a...

Prestamos CDFI Secures $65 Million NMTC Funding

Oct 14, 2024 | Credits and Incentives

$65 million in New Markets Tax Credits (NMTC) has been secured by Prestamos CDFI, LLC, a division of Chicanos Por La Causa, from U.S. Treasury's CDFI Fund. This marks their seventh award received, which will also be used to support Prestamos' efforts to uplift...

$10 Million TIF Funding Approved for Three Public Schools in Chicago

Oct 14, 2024 | Credits and Incentives, TIFs

The Chicago City Council has approved a total of $10 million in Tax Increment Financing (TIF) for facility upgrades at three public schools in North Lawndale. James Weldon Johnson STEAM Elementary and Thomas Chalmers STEAM Elementary will each receive $3.75 million,...

Chicago Approves $28 Million TIF for Downtown Project

Oct 14, 2024 | Credits and Incentives, TIFs

As part of the larger initiative to reuse projects in the Loop's historic financial district, $28 million in Tax Increment Financing (TIF) has been approved by the Chicago City Council for the conversion of seven floors at 79 W. Monroe St. into 117 mixed-income...

Heritage Affordable Communities Acquires 242 LIHTC Units in NY

Oct 14, 2024 | Credits and Incentives

Heritage Affordable Communities (HAC) strengthened its spot in New York's affordable housing market scene after recently acquiring 242 Low-Income Housing Tax Credit (LIHTC) units across three buildings in the Bronx. Subsequently, Locust Cove Management, an affiliate...

Flash Update: Personal Income in Every State (October 2024 Release)

Oct 8, 2024 | Local Economics

CivMetrics collects key economic data for the largest cities and states in the United States. In this post, we look at the latest per capita personal income data for every state in the United States. For questions about our data, or to request data, please...

Flash Update: Unemployment Rate in Every Metro (October 2024 Release)

Oct 8, 2024 | Local Economics, Unemployment

CivMetrics collects key employment data for the largest cities in the United States. In this post, we look at new data on unemployment rates in US metro areas. For questions about our data, or to request data, please contact [email protected]. Data is...

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

Oct 8, 2024 | Flash Updates, Local Economics

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...

Brookdale Senior Living Expands Portfolio with $610 Million Acquisition of 41 Leased Communities

Oct 7, 2024 | Affordable Housing, Senior Housing

Brookdale Senior Living is set to acquire 41 leased communities for $610 million, totaling 2,789 units. The deal will be funded through debt, convertible notes, and mortgage financing, with financing led by Deerfield Management, positioning the company for long-term...

Dartmouth College Announces $500 Million Investment in Student Housing Residences

Oct 7, 2024 | Student Housing

Dartmouth College has announced a $500 million investment to expand and modernize its undergraduate residences, adding 1,000 new beds, and upgrading current facilities. The project kicked off last August with the groundbreaking of Russo Hall, an apartment-style...

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