Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Indiana Wesleyan University to Begin the Construction of $30M Basketball Arena
The athletic community of Indiana Wesleyan University will soon witness the rise of a new arena as the school is set to break ground on the $30 million I AM THIRD basketball arena. Although construction will begin soon, IWU President Jon Kulaga stated that the...
Charlotte Douglas International Airport Secures $290M Grant for New Runway and Infrastructure Improvements
Charlotte Douglas International Airport (CLT) has been awarded a $290 million grant from the Federal Aviation Administration (FAA) through its Airport Improvement Program for the construction of a new runway and other improvements to its taxiways and airfield. This...
U.S. Department of Energy Launches $400 Million Funding for Rural Clean Energy Projects
The U.S. Department of Energy's Office of Clean Energy Demonstrations has launched a funding opportunity of up to $400 million for clean energy projects in rural and remote communities. This funding will help reduce energy costs, bolster local economic development,...
$400M Renewable Chemical Plant in Lafayette Set to Generate 191 High-Wage Jobs
The Indiana Economic Development Corp. has announced that Brazil-based Sustainea plans to build a $400 million renewable chemical plant next to Primient’s production facility in Lafayette, Indiana, which is expected to generate 191 high-wage jobs. The Indiana Economic...
Laborde Products Expands with $5.85M Facility Development in St. Tammany Parish, LA
Laborde Products, a marine engine and equipment distribution company, is set to boost economic growth in Louisiana with the development of its new $5.85 million operations center and warehouse in St. Tammany Parish. This project is expected to create five direct jobs...
Etowah County, AL Secures $4.6 Million Grant for NEAR Megasite 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
$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
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
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
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...
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