Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Hudson Tunnel Project Secures $3.8 Billion Funding Boost With Federal-State Partnership
The $12 billion Hudson Tunnel Project has received a major boost with the Federal Railroad Administration and the Gateway Development Commission executing a $3.8 billion Federal-State Partnership (FSP) Grant agreement for the project, which includes the immediate...
Fast-growing cities have high demand for private sector contracting partners
by Mary Scott Nabers The U.S. is experiencing a significant surge in population growth in certain regions, increasing the demand for enhancing or expanding basic infrastructure. Public officials in high–growth regions struggle to expand housing, water, roadways,...
South Dakota Awards $30 Million in Funding for Statewide Economic Development Projects
South Dakota is set for an economic boost with the Governor's Office of Economic Development (GOED) approving $30 million in funding to be distributed towards various projects. This funding will support job creation, infrastructure upgrades, and business development...
ATG’s $6.2 Million Move to Florence County, SC to Boost Local Economy with 77 Jobs
Asset Technology Group (ATG) is investing $6.2 million to relocate its headquarters to Florence County, S.C. a move that will create 77 new jobs. The new 8,500-square-foot facility, set to starts its online operation in the fourth quarter, marks a significant...
White River Energetics to Invest $70 Million in Des Arc Facility; Creates 100 Jobs
White River Energetics (WRE), an ammunition primer and energetics manufacturer, announced its $70 million investment in Des Arc, Arkansas as it expands its facility in the said city, which includes a new $60 million smokeless propellant factory and an additional $10...
SSLM Development Seeks $10.7 Million TIF from Oklahoma City Council for Midtown Project
SSLM Development is seeking up to $10.7 million in tax increment financing from Oklahoma City Council for its $81.4 million Midtown project. The proposed development will feature an apartment with mix residential units, courtyard, a pool, and a large parking garage,...
Detroit Lakes City Council Expands TIF District to Support Facility Construction
To support the construction of Quality Equipment Sales and Service's new 15,000-square-foot facility in Detroit Lakes, Minnesota, the Detroit Lakes City Council expanded the TIF district to cover a larger area of U.S. Highway 10 and the intersection of 290th Street...
HUD Sets New Guidelines for 2025 Low-Income Housing Tax Credit Program
HUD has recently unveiled the 2025 parameters for Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for the Low-Income Housing Tax Credit program, which were published in the Federal Register. HUD sets these guidelines for designated areas in each...
Hunt Capital Powers Affordable Housing Project in Petoskey, MI With $13 Million LIHTC
Hunt Capital Partners is contributing to the revitalization of the Petoskey community in Michigan with a $13 million Low-Income Housing Tax Credit (LIHTC) award in Victories Square, a 50-unit tribal housing project in the city. This project promises affordable one-...
Alabama State University Approves Construction of Two New Student Housing Complexes, 500+ Beds
Alabama State University's board of trustees has approved the construction of two new student housing complexes on campus, providing approximately 552 new beds—an apartment-style building on Forest Avenue with 288 beds and another on South University Drive with 264...
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