Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Cayuga Completes $270 Million Expansion, Adds 150 Jobs in New York
Cayuga Milk Ingredients has completed a $270 million, two-phase expansion in Cayuga County, New York more than doubling its workforce and boosting opportunities for New York dairy farmers. Supported by up to $4 million capital grant and up to $4 million made available...
Texas Instruments Unveils $60 Billion Investment in Semiconductor Fabs Across Texas and Utah
Texas Instruments announced a landmark $60 billion investment to expand its manufacturing production across seven semiconductor fabrication plants in Texas and Utah. The project, partially supported by up to $1.6 billion in CHIPS Act funding, is expected to support...
Arson Insurance Fraud Probe Leads to Arrest of Live Oak Vice Mayor
Live Oak Vice Mayor Aaron Pamma and two others were arrested in connection with an alleged arson insurance fraud scheme that netted over $200,000, according to the Butte County District Attorney. The charges stem from a February 2024 fire at a Butte County farmhouse,...
Lightning-Related Insurance Claims Drop to $1.04B, Report Says
Lightning-related insurance claims in the U.S. dropped to $1.04 billion in 2024 , alongside a 21.5% decline in total claims, according to the Insurance Information Institute. Despite the drop, Florida, Texas, and California continued to lead in claim volume, with...
Zillow: Sacramento Among Worst U.S. Cities for Insurance Affordability
Home insurance premiums in Sacramento have surged 54% since 2019, outpacing homeowner income growth and ranking among the steepest increases nationwide, according to Zillow. High wildfire risk and shrinking insurer availability have pushed many residents onto...
Florida Insurer Seeks 31% Premium Hike
Tampa-based insurer TRUE is seeking approval for a 31% rate hike in homeowners’ insurance premiums, citing rising reinsurance costs and financial strain from past hurricanes. The request, now under regulatory review, would raise average annual premiums by $1,357 and...
Intel Memo: 15% to 20% of Factory Workforce To Be Cut Starting July
Intel plans to cut 15 to 20 percent of its factory workforce, a move that could eliminate over 10,000 jobs globally, with significant impact in Oregon. The cuts are expected to hit Oregon especially hard, where the company employs 20,000 people. The layoffs, set to...
California Faces $275 Billion Economic Hit from Mass Deportations, Report Says
A new report from the Bay Area Council Economic Institute warns that mass deportations could severely damage California’s economy, slashing $275 billion in wages and economic activity. Undocumented workers make up 8% of the state’s labor force and are vital to...
North Carolina Announces $2.9 Million in Grants to Support Nine Rural Projects, to Spur $52 Million in Investments
Nine initiatives across North Carolina have been awarded $2,941,000 by the Rural Infrastructure Authority (RIA) and are expected to create 137 jobs across the state. The state investment is projected to attract over $52 million in additional public and private funding...
Volvo Construction Equipment Strengthens U.S. Footprint with $261 Million Expansion Plan
Volvo Construction Equipment is expanding its U.S. manufacturing capabilities with a major upgrade to its Shippensburg, Pennsylvania, facility as part of a $261 million global investment. The plant will begin producing crawler excavators and large wheel loaders,...
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