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Economic Development

Resources to help economic development and site selection professionals connect with new places and locations. The archive for Economic Development articles.


Economic Development | Business Facilities - Economic Development, Site Selection & Workforce Solutions


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The University Research Corridor accounts for one in 20 Motor City jobs amidst continued recovery, according to a new report.

Michigan’s URC Contributes $958M, 11,600 Jobs In Detroit

Michigan’s URC Contributes $958M, 11,600 Jobs In Detroit

The University Research Corridor accounts for one in 20 Motor City jobs amidst continued recovery, according to a new report.

State Focus: New Mexico – Welcoming the World

Exports are surging, making New Mexico a magnet for manufacturers with world-class ambitions.

Pet Food Maker Will Create Up To 165 Jobs In Indiana

Blue Buffalo Pet Products will invest more than $100 million to build a new pet food manufacturing facility in Richmond, IN.

3D Systems Expanding In Tennessee

Comprehensive 3D products and services provider will invest $2.9 million and create over 50 new jobs in Lawrenceburg, TN.

Amazon Adding Two New Fulfillment Facilities In California

With two new fulfillment facilities coming to Tracy and Eastvale, Amazon’s presence has grown to 9 state-of-the-art fulfillment centers across California over four years.

Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation

The Illinois Business and Economic Development Corp. will adopt best practices and focus on sales, marketing and exceptional customer service.

Flex-N-Gate To Create Up To 650 Jobs In Detroit

The Michigan Strategic Fund has approved a $3.5 million performance-based grant to help automotive supplier Flex-N-Gate open a $95 million plant in Detroit’s eastside I-94 Industrial Park.

Farmers Home Furniture Plans $10M Alabama Distribution Hub

Farmers Home Furniture will invest $10 million in a new 325,000-square-foot distribution center in northwest Alabama, creating up to 80 jobs.

Cargill Protein HQ To Remain In Kansas

After working with the state of Kansas and the city of Wichita, Cargill has decided to keep its protein business headquarters in Kansas.

New Logistics And Distribution Center Bringing 110 Jobs To Georgia

Polymer Logistics, a retail ready packaging company, will create 110 new jobs and invest more than $4 million in a new 73,500-square-foot logistics and distribution center in Dublin, GA.

Digital Reasoning Expanding HQ In Tennessee

The cognitive computing company will invest approximately $861,500 and create 189 new jobs to expand its Franklin, TN headquarters.

SNAPSHOTS: 60 Seconds… with Dennis Davin, Secretary, PA DCED

Pennsylvania's Davin provides a rundown of the state's economic development initiatives, plus a look at NYC's new World Trade Center Transportation Hub.

Blackbaud Expanding In South Carolina

Blackbaud, a provider of software and services for the global philanthropic community, will invest $154 million in an expansion of its existing world headquarters operations in Charleston, SC. The project is expected to create 300 new jobs over the next five years.

Technology Center Opens At UL Lafayette Research Park

CGI Federal recently celebrated the dedication of its $13.1 million, 50,000-square-foot information technology center that serves as an anchor for the 143-acre University of Louisiana at Lafayette Research Park.

15 Tennessee Communities To Receive Site Development Grants

Grants totaling $5.7 million will assist communities in finalizing infrastructure and engineering improvements for project-ready certified sites.

The RoomPlace Announces Indianapolis Expansion

The furniture retailer will establish a distribution center and corporate headquarters for its rent-to-own retail division, EasyHome.

Chinese Real Estate Investment Plays Growing Role In U.S. Economy

Chinese investment in U.S. real estate has grown dramatically since 2010, according to a new report by Asia Society and Rosen Consulting Group.

Lohmann Specialty Coatings Investing $6.7M In Virginia

The adhesive bonding material maker will expand its manufacturing operations in Orange County, VA creating 56 new jobs.

Regional Cities Initiative Project Launched In South Bend

The four-phase, $165.7 million project will anchor the establishment of South Bend’s Renaissance District and, once complete, is set to be the largest mixed-use technology campus in the Midwest.

LMI Aerospace To Expand In Missouri, Create 60 Jobs

LMI Aerospace plans to invest more than $17.5 million to expand its Washington, MO machining operation, creating 60 new jobs over the next three years.

Michigan Hot Dog Maker To Expand, Hire 140 Workers

Kent Quality Foods received a $750,000 performance-based grant from the Michigan Economic Development Corp. to support the $35M expansion.

State Focus: New York – Accelerating Biotech Innovation In The Empire State

A $2.8-million investment from Innovate NY—matched by $21.5 million in private equity—is spurring the development of a biotech cluster in New York City.

Celebrate Economic Development Week!

This month, the International Economic Development Council (IEDC) is commemorating its 90th anniversary as the largest professional membership organization for economic developers.

Kansas City Launches “Smart City” Initiative

Kansas City now offers more than 50 blocks of free outdoor public Wi-Fi downtown, 125 “smart” streetlights and 25 interactive kiosks to engage citizens.

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Featured Location Spotlight

Hoosier Energy: Location Spotlight Of The Week

The Hoosier Energy Power Network’s Economic Development team is dedicated to providing valuable site selection information and assistance to companies considering a relocation or expansion in Indiana or Illinois.

Featured Location Videos

BF Location Video: Zibo, A City of Charm, Suitable for Both Residence and Business

Zibo is listed as one of China's Top 50 Cities in Competitive Strength year after year since 1992. In 2015, Zibo ranked 40th in China's Top 100 Cities of Comprehensive Strength and 35th in Forbes' Best Commercial City in Mainland China.

Surveys & Research

Energy Efficiency: California Regains Top Spot, Ties With Massachusetts

ACEEE’s 10th Anniversary Energy Efficiency Scorecard shows VT, RI, CT, NY rounding out top 5; MO, ME, and MI are three Most Improved States.

Top 10 Tech Trends For 2017

Top 10 Tech Trends For 2017 The technology sector is still the United States’ leading industry for real estate expansion and employment growth, according to JLL.

Corporate Expansion Projections Highest Since Early 2015

Buoyed by higher profit growth expectations, business executives are predicting an increase in corporate expansion for the coming year, according to the third quarter AICPA Economic Outlook Survey.