Civic Development News and Data

Master Boat Builders is investing $7.8 million to expand and modernize its Mobile County, Alabama operations, supported by nearly $1.9 million in tax incentives. The project includes a new fabrication shop, a floating drydock, workforce training initiatives, and...

JPMorgan Chase will lay off 99 employees at its One Front Street office in San Francisco, according to a WARN filing. The roles, inherited through the bank’s 2023 acquisition of First Republic Bank, include client service analysts and senior credit officers. Despite...

The housing sector is sending conflicting signals for the U.S. economy, as July’s 5.2% rebound in housing starts contrasts with declining sinking builder sentiment. Persistent affordability challenges, elevated mortgage rates, and rising material costs threaten to...

Cisco is laying off 221 workers in the San Francisco Bay Area, with 157 cuts in Milpitas and 64 in San Francisco, according to recent WARN filings. The layoffs, effective by mid-October, affect roles ranging from junior staff to vice presidents. The move comes despite...

Sewon America, a manufacturer of automobile body parts, will invest $50 million to expand its Rincon manufacturing plant, adding 98,250 square feet and creating 100 new jobs. The project marks the first supplier expansion tied to Hyundai’s Metaplant in Ellabell and...

Applied Digital plans to break ground in September on Polaris Forge 2, a $3 billion “AI factory” near Harwood, North Dakota. The 280-megawatt data center campus will span more than 900 acres, employ over 200 full-time workers, and support future expansion as demand...

Austin, TX has been ranked the No. 1 U.S. city for economic growth, according to a new Coworking Cafe study. From 2019 to 2023, the Texas capital recorded 51% GDP growth, fueled by job creation in tech, manufacturing, and professional services, along with a 71% surge...

Moody’s Analytics chief economist Mark Zandi warned the U.S. is “on the edge of recession,” with nearly a third of the U.S. GDP already in or at high risk. He pointed to steep federal job cuts in the Washington D.C. region and flagged 22 states, including West...

Texas is facing another wave of mass layoffs as companies scale back operations from San Antonio to Dallas. UPS is cutting 62 jobs in Dallas, CarOffer is eliminating 101 positions in Addison, TechWerks is laying off 87 employees in San Antonio, and Promises Behavioral...