Civic Development News and Data

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

Pfizer Agrees to MFN Drug Prices, $70B in U.S. R&D and Production

Pfizer has struck a deal with the Trump administration to provide all of its prescription drugs to Medicaid patients at “most favored nation” prices, and to pledge $70 billion in new U.S. production and R&D investments. The company also plans to offer...

D.C. Council Approves $3.7B Commanders Stadium and Development Deal

The D.C. Council approved a $3.7 billion deal to bring the Washington Commanders back to the RFK Stadium site, clearing the way for a new 65,000-seat football stadium and mixed-use development along the Anacostia River. The project includes $1 billion in taxpayer...

California Greenlights $20 Billion Funding for High-Speed Rail Project

California lawmakers have approved a plan to provide up to $20 billion in new funding for the state’s high-speed rail project, after President Trump pulled funding from the effort. The money, drawn largely from Cap-and-Trade revenues, will help complete the initial...

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...

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...

Flash Update: Case-Shiller Home Price Index in 20 Cities (December 2024 Release)

Jan 6, 2025 | Case Shiller Home Price Index, Flash Updates, Unemployment

CivMetrics collects key real estate data for the largest cities in the United States. In this post, we look at new Case-Shiller Home Price Index data for 20 cities. For questions about our data, or to request data, please contact [email protected]. Data is...

Flash Update: Unemployment Rate in Every Metro (January 2025 Release)

Jan 6, 2025 | Flash Update - Employment, Flash Updates, 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 from...

Florida Tech to Build New 555-Bed Student Housing Complex

Jan 4, 2025 | Affordable Housing, Featured - Specialty Housing, Finance - Specialty Housing

To meet the rising enrollment rate, Florida Tech is planning to build a six-story, 555-bed student housing complex atop the Southgate intramural sports field, which is expected to increase the campus’s housing capacity by 27%. The 212,000-square-foot facility will...

New 18-Story Student Housing Complex Coming to Ann Arbor, Michigan’s South University Avenue

Jan 4, 2025 | Finance - Specialty Housing, Student Housing

Landmark Properties is developing The Metropolitan, a 241-unit student housing community located at 1208 South University Avenue in Ann Arbor, Michigan, following the successful acquisition of a 0.58-acre site which is currently home to the Galleria Mall. Located just...

New Jersey Court Rules Against Towns Challenging Affordable Housing Mandates

Jan 4, 2025 | Affordable Housing, Featured - Specialty Housing, Legal - Specialty Housing

Judge Robert Lougy, a New Jersey judge, has rejected a request from 26 towns to halt the state’s affordable housing process while their lawsuit challenging a new law outlining housing obligations continues. The towns, which sued in October, argued that the law...

$222 Million Affordable Housing Project Set to Break Ground in the Bronx, NY

Jan 4, 2025 | Affordable Housing, Finance - Specialty Housing

Tishman Speyer’s TS Communities is moving forward with the development of 160 Van Cortlandt Park South, a $222 million 339-unit affordable housing project in the Bronx, New York, with financing secured through bonds, loans, and tax credit equity. The eight-story...

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