Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
NJEDA Approves $93M in Aspire Program Tax Credits for Paterson and Secaucus Projects
The New Jersey Economic Development Authority approved $93.1 million in Aspire Program tax credit awards for two developments, a fully affordable housing rehabilitation in Paterson and a modern warehouse facility in Secaucus. The Carroll Street Houses project in...
$17.5M NMTC Financing Secured for South City Early Learning Center in Memphis, Tennessee
MBS Urban Initiatives CDE, U.S. Bancorp Impact Finance, and Nonprofit Finance Fund closed $17.5 million in New Markets Tax Credit financing for the South City Early Childhood Education Center in Memphis, Tennessee. Developed by Urban Renaissance Partners and ComCap...
Northampton County Council Rejects TIF Proposal for Dixie Cup Redevelopment
Northampton County Council narrowly voted 5-4 to reject a proposed tax increment financing (TIF) district for the $184 million redevelopment of the former Dixie Cup factory in Wilson Borough. The project by Skyline Investment Group aims to convert the long-vacant...
IRS Increases 2026 LIHTC Allocations
The Internal Revenue Service has increased per capita allocations for low-income housing tax credits (LIHTCs) and private-activity bonds for 2026 under Revenue Procedure 2025-32. The LIHTC ceiling will rise to the greater of $3.416 per resident or $3.95 million per...
Top 5 RFPs in Civic Finance: November 2025
Top 5 Civic Finance RFPs of November 2025 Powered by the CivMetrics Civic Finance RFP Library 5. Atlanta Housing Seeks Investment Bankers for Underwriting Issuing Agency: Housing Authority of the City of Atlanta RFP Description: The Housing Authority of...
Top 5 RFPs in Urban Planning: November 2025
Top 5 Urban Planning RFPs of November 2025 Powered by the CivMetrics Urban Planning RFP Library 5. Broward County, FL Seeks Consultant for General Planning Issuing Agency: Broward Metropolitan Planning Organization RFP Description: BMPO is seeking...
UPS Cuts 48,000 Jobs Amid Ongoing Restructuring Effort
UPS has cut 48,000 jobs in 2025, including 14,000 management and 34,000 operational roles, as it restructures to adapt to shifting market conditions. The company said the reductions are part of a cost-saving plan which also involves facility closures. Executives said...
Industrial Demand Rebound Drives Market Stability in Q3 2025
U.S. industrial demand rebounded in Q3 2025 as vacancy held steady at 7.4%, signaling a more balanced market after rapid increases in prior years. Net absorption climbed to 60 million square feet, the strongest quarterly total since early 2023, led by Phoenix and...
U.S. Manufacturing Slump Deepens as PMI Remains Under 50
The U.S. ISM Manufacturing PMI stayed below the 50-point threshold for the seventh consecutive month, signaling continued contraction in the industrial sector as tariffs and weak global demand weigh on production. While the index saw a slight September uptick, rising...
PEGATRON to Invest $35M in First U.S. Manufacturing Plant in Texas
Taiwan-based PEGATRON Corporation will open its first U.S. manufacturing facility in Georgetown, Texas, investing at least $35 million and occupying a 168,784-square-foot site at the Blue Springs development. The project is expected to create hundreds of jobs,...
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