Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Florida Eyes Deeper Economic Ties with Italy in November Trade Trip
Florida Governor Ron DeSantis will lead a trade delegation to Italy from November 11–15 to strengthen economic ties with the state’s 14th largest trade partner. The mission will span major Italian cities and include representatives from sectors such as aerospace,...
Consumer Prices Rise at Slowest Pace in Seven Months
A key U.S. inflation gauge showed further cooling in April, as consumer prices rose at their slowest annual pace in seven months, according to a report from the Commerce Department. Inflation eased with consumer prices rising 2.1%, the slowest pace since September,...
U.S. Job Openings Rise While Layoffs Spike Amid Trade Uncertainty
U.S. job openings rose in April, but layoffs posted their biggest jump in nine months, a sign the labor market is softening amid growing trade policy uncertainty. Job openings increased by 191,000 to 7.391 million, while layoffs jumped by 196,000, marking the largest...
Etowah County Awarded $5.8 Million to Ready NEAR Megasite for Development
The Etowah County Commission has secured a second SEEDS grant totaling $3.3 million from the Alabama State Industrial Development Authority to complete critical water and sewer infrastructure at the NEAR Megasite, with an additional $2.5 million in local matching...
Amazon Unveils $10 Billion AI Data Center Expansion in North Carolina
Amazon will invest $10 billion to expand its AI data center infrastructure in North Carolina, creating at least 500 high-skilled jobs and supporting thousands more across the Amazon Web Services (AWS) data center supply chain. This latest expansion builds on Amazon’s...
State Commerce Officials, Small Businesses Head to Canada for Trade Talks
The Alabama Department of Commerce will lead a trade delegation to the 2025 Southeast U.S.-Canadian Provinces Business Forum, to be held in Newfoundland and Labrador. Deputy Secretary Ed Castile will head the three-day mission, aimed at deepening ties in advanced...
May Fed Report: Economic Growth Stalls Amid Uncertainty
The U.S. economy stalled in May as consumer spending slowed and hiring froze, according to the Federal Reserve’s Beige Book survey. Most Fed districts reported unchanging or contracting economic growth, with widespread uncertainty causing both businesses and...
$2.18M TIF Funding Helps Launch $15.6M Affordable Housing Development in Florida
St. Petersburg City Council has approved $2.18 million in Tax Increment Financing (TIF) funding to help advance Pelican Place, a 40-unit affordable townhome community by Habitat for Humanity of Tampa Bay Gulfside. Located across from Tangerine Plaza, the city’s total...
Cinnaire Closes Record $340 Million LIHTC Fund to Boost Affordable Housing Across Various States
Cinnaire has closed a $340 million Low-Income Housing Tax Credit (LIHTC) fund to support 33 developments across 11 states, creating 2,455 affordable housing units for over 5,400 people. The fund is expected to generate more than $844 million in local economic activity...
New Reports Highlight $6.15 Billion Impact of Historic Tax Credit
Two new reports from the National Park Service highlight the economic and community impact of the federal Historic Tax Credit (HTC), which supported $6.15 billion in rehabilitation investment in FY 2024. Since 1976, the HTC has spurred over $127 billion in private...
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