Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
2,100+ NC Small Businesses Receive $55 Million Financial Boost
Small businesses in Western North Carolina have received a $55 million boost through a statewide initiative backed by the Dogwood Health Trust, the Duke Endowment, and state funds. Distributed to 2,182 businesses, the funding aims to help local enterprises recover,...
Micron to Invest $200B in U.S. Chip Manufacturing, Creating 90,000 Jobs
Micron Technology plans to invest $200 billion in U.S. semiconductor manufacturing, expanding facilities in Idaho, New York, and Virginia to boost domestic chip production. The Commerce Department framed the move as part of the Trump administration’s broader push to...
Blue-Collar Wages Surge Nearly 2%
Blue-collar workers have seen nearly 2% real wage growth in the first five months of Trump’s second term, the largest increase in the past 60 years, according to Treasury data. The 1.7% gain marks a sharp contrast to the 1.7% wage drop under Biden in the same period....
Maryland’s Economy Faces Strain Amid Federal Workforce Reductions
Maryland’s deep reliance on federal spending has left its economy vulnerable as the Trump Administration moves to shrink the federal workforce, a new report from the comptroller’s office and the University of Maryland warns. The state, home to the third-most federal...
Economic Growth to Slow, Tariff-Driven Inflation to Persist: NABE Survey
Tariffs at levels unseen since the 1930s are expected to drag U.S. economic growth down to 1.3% this year, according to a NABE survey. Seventy-eight percent of economists see import duties as the top economic risk, followed by concerns over geopolitical conflicts...
NYC: Removal of Bedford Avenue Bike Lane Temporarily Blocked by Court
A Brooklyn judge has temporarily blocked Mayor Eric Adams from removing the parking-protected bike lane on Bedford Avenue, pending a court hearing in August. The decision comes in response to a lawsuit alleging the removal plan lacked legal notice and violated city...
Construction Input Prices Rise 0.2% in May, Associated Builders and Contractors Reports
In an analysis by Associated Builders and Contractors of U.S. Bureau of Labor Statistics data, it was reported that construction input prices rose 0.2% in May, with iron, steel, copper, and aluminum driving the increase. Prices for nonresidential construction inputs...
MO Gov. Kehoe Signs $1.5 Billion Stadium Incentive Package to Keep Royals, Chiefs
Missouri Gov. Mike Kehoe has signed off on a $1.5 billion stadium incentive package aimed at keeping the Kansas City Royals and Chiefs from relocating across the state line. The plan would cover up to 50% of stadium costs using tax revenue generated by the teams,...
FAA Awards $21.48 Million to Mississippi Airports
Fifty-two grants totaling $21.48 million have been awarded to airports across Mississippi through two federal programs. The Federal Aviation Administration will provide $11,582,235 through the Airport Improvement Program and $$9,895,282 through the Airport...
Atlanta and Cincinnati Community Projects Receive $16 Million in NMTCs from Fifth Third
Fifth Third has awarded $16 million in New Markets Tax Credits (NMTCs) to support three community-focused facilities in Atlanta and Cincinnati, aiming to revitalize historically disinvested neighborhoods. The investment, part of a $50 million federal NMTC allocation,...
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