Economic development creates opportunities to grow state, local & metro areas, which are essential for economic growth, improved quality of life & community development.
Economic Development
New Jersey Sees ‘Historic Economic Progress’
Governor Phil Murphy says the Garden State’s workforce and location provide tremendous value to businesses.
Mack Trucks To Invest $14.5M In Virginia Expansion
Mack Trucks will create 51 jobs with an expansion of its Roanoke County manufacturing operation. Meanwhile, Virginia will grant six communities a total of $1.76M for brownfields restoration.
Meeting The Moment In Henderson, NV
Jared Smith, CEcD, Economic Development and Tourism Director, City of Henderson, tells us why this forward-thinking southern Nevada city is primed for the next wave of business.
2023 State Of The Year: Opportunity Awaits In Texas
A robust business climate and strategic growth during 2023 earns the Lone Star State this recognition.
January / February 2024: The Awards Issue
Business Facilities' January / February 2024 issue features Texas, our 2023 State of the Year, along with winners of our Deal of the Year Awards. Plus, 2024 Top Utilities and more.
2024 Top Utilities
These top utilities play a key role in state and local economic development endeavors, as well as sustainability efforts.
Pennsylvania Launches New Economic Development Strategy; Focuses On Robotics, Tech
Pennsylvania’s new 10-year economic development strategy will focus on growing its agriculture, energy, life sciences, manufacturing, and robotics and technology sectors.
How Investing In Sites And Infrastructure In Ohio Will Help Your Business Thrive
Ohio is full of beautiful land with a wide range of sites and buildings that are ready for job creation and economic growth.
Michigan Commits $87.5M To Strengthen, Accelerate Site Readiness Efforts
Projects from across Michigan will receive support from the Strategic Site Readiness Program to prepare sites for investment. More than half of the awards will go toward site preparation on existing brownfield sites.
Michigan Strategic Fund Helps Three Companies Create Nearly 1,000 Jobs
In Detroit, Australia-based Fortescue will establish Advanced Manufacturing Center, Germany-based EcoG plans U.S. headquarters. Plus, Fifth Wheel Freight plans new flagship headquarters in the Great Lakes State.
Joint Venture Picks Mississippi For U.S. Battery Production, 2,000 Jobs
Accelera, Daimler Trucks, and PACCAR have selected Marshall County, MS as the future site of a planned advanced battery cell manufacturing joint venture.
Hartford, Connecticut – A Cost Competitive Location For Technology Companies
The MetroHartford Alliance engaged leading national accounting and consulting firm CohnReznick to compare the tax and lease costs in Hartford, CT vs. other U.S. insurance and financial services markets.
Staghorn To Open Distillery In Previously Dry Kentucky County
Staghorn’s Garrard County Distilling Company is a $250 million investment that will create 60 full-time jobs.
SelectUSA Has Helped Land $200B In FDI Since 2011
More than 200,000 jobs have been created as a result of foreign direct investment since the SelectUSA program's inception 13 years ago.
20 Industrial Clusters From 10 Countries Commit To Net Zero
Industry leaders from China, France, and the U.S. join World Economic Forum initiative for a decarbonized, more competitive global supply chain.
Business Facilities LiveXchange: You’re Invited!
If your company plans to expand or relocate within the next three years, you're invited to join us at our executive site selection conference – Business Facilities LiveXchange – March 17-19 in Richmond, Virginia.
LG Launches $700M Strategic Initiative To Grow Tech Ventures In West Virginia
LG NOVA projects expected to bring 275 jobs to West Virginia; spur growth of new technologies, investments and economic development; establish Appalachian Region innovation corridor.
Mississippi Earmarks Nearly $17M For Industrial Site Development
The Mississippi Development Authority has invited 13 sites throughout the state to apply for the Site Development Grant – Select Sites funding.
Missouri Cell-Service Expansion Promotes ‘Economic Growth’
Missouri is investing nearly $8 million to expand its cell service through the Cell Towers Grant Program and ARPA funding.
Business Facilities Top 10: Most-Read Articles Of 2023
Business Facilities editors reflect on the most-read articles of 2023, ranging from large development announcements to annual awards.
Listen Now: Living And Learning In Lubbock, Texas, With John Osborne, CEO, Lubbock EDA
Lubbock EDA CEO John Osborne discusses business climate and downtown revitalization in the Business Facilities Podcast.
2023 Deals Of The Year
Entries for Deal of the Year awards spanned industries, investment types, and winning strategies. Here are the stories of this year’s picks.
2023 State Of The Year: Opportunity Awaits In Texas
A robust business climate and strategic growth during 2023 earns the Lone Star State this recognition.
[VIDEO] Get More for Your Business in Ardmore. Oklahoma
The ADA owns three industrial parks and several single sites and buildings, giving our organization both the power and incentive to negotiate favorable terms for expanding companies.
Location Spotlight: Capitalize On Opportunity In Washington, DC
Experience the momentum firsthand as Washington, DC sets new benchmarks in the business world. Whether you're a visionary entrepreneur or an established company, our city offers limitless possibilities for your growth and prosperity.