Civic Development News and Data

The U.S. budget deficit dipped to $1.78 trillion in fiscal 2025, a 2.2% decline from the prior year, as record-high tariff collections helped offset surging interest payments on the $38 trillion national debt. Tariffs brought in $202 billion for the year, driven by...

A new analysis from the Federal Reserve Bank of St. Louis finds that tariffs imposed by the Trump administration this year are pushing up prices for furniture, car parts, electronics, and other imported goods. The study estimates that these levies added 0.5 percentage...

NEMO Industries, an AI-powered ironmaking firm, announced plans to build a $3 billion pig iron facility in Donaldsonville, with construction slated to start in 2027 and operations beginning by 2030. The multistage project will create 850 full-time jobs and 1,500 peak...

VFP Inc. announced a $35 million expansion of its Duffield facility, a move that will create up to 200 new jobs in Scott County, Virginia. The project includes a 135,000-square-foot integration building and a 90,000-square-foot metal fabrication facility, expected to...

A new study commissioned by the St. Clair County Transit District and Citizens for Modern Transit found that SCCTD’s operations generate a direct annual economic impact of $129.5 million in St. Clair County, Illinois. The report also shows that rider spending creates...

India-based ACG is investing $200 million to build its first U.S. capsule manufacturing facility in Atlanta, Georgia, expected to open in early 2027. The project will produce gelatin and vegetarian hard-shell capsules and generate more than 200 jobs. The investment...

Merck has begun construction on a $3 billion, 400,000-square-foot pharmaceutical manufacturing facility at its Elkton, Virginia site, which will serve as a Center of Excellence for small molecule production. The project is part of Merck’s broader $70 billion U.S....