Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
$332 Million Awarded for Airport Modernization
The Federal Aviation Administration recently announced that 171 airports across 32 states will receive a portion of the $332 million in grants provided through the Airport Infrastructure Grants program. These grants aim to finance airport modernization initiatives,...
New Economic Development Zones Approved in Erie and Reading, Pennsylvania
Governor Josh Shapiro’s administration has approved new economic development zones in Erie and Reading through the City Revitalization and Improvement Zone (CRIZ) program. The CRIZ program aims to revitalize downtowns, attract businesses, and create jobs by utilizing...
Amazon Web Services Invests $11 Billion to Expand AI and Cloud Infrastructure in Georgia
Amazon Web Services (AWS) is investing $11 billion to expand its artificial intelligence and cloud computing infrastructure in Georgia, which includes new data centers in Butts and Douglas counties. Over the past 10 years, AWS has contributed $18.5 billion to...
Compass Datacenters to Invest $10 Billion for its Hyperscale Campus in Meridian, Mississippi
Compass Datacenters is set to develop a $10 billion hyperscale data center campus in Meridian, Mississippi, consisting of eight data centers to be built over eight years. Backed by state incentives, support, and tax exemptions, the project is expected to create...
Saab’s $75M Munitions Plant in Michigan Advances with Land Sale Approval
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
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
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
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
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
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...
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