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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.


Chicago Celebrates Technology Startup Hub Expansion, 700 New Tech Jobs

Chicago is celebrating more than 700 new jobs created by 16 tech companies, and the newly-completed expansion of the city’s digital startup hub, 1871.

Tennessee Lands New Customer Service Center

Empyrean Benefit Solutions, a human resources benefits administrative company, will invest $2.9 million, create 120 new jobs in La Vergne, TN.

Automotive Parts Supplier Expanding In Indiana

Winona PVD Coatings will invest more than $10 million and create up to 50 jobs in Warsaw, IN by the end of the year. 

Shopping Bag Manufacturer Creating 100 Jobs In Georgia

Flexo Converters USA, Inc. will invest $20 million in a new manufacturing and distribution operation in Walton County, GA.

Thomson Reuters Expanding Texas Operations

The global news and information company will invest $6 million and create at least 250 new jobs in Texas.

Data Cowboys

The Dallas-Ft. Worth metro area has become a leading U.S. hub for data centers.

Advanced Manufacturing Industry: Dynamic Advancements

Advanced manufacturing has come a long way, revolutionizing the processes used to build new products and introducing a bevy of innovative technologies, with a heavy emphasis on automation.

Amazon.com Expanding In New Jersey

Amazon.com, Inc. is opening two new fulfillment centers in New Jersey, bringing more than 2,000 full-time jobs to the Garden State.

Duo Security, Inc. Adding 300 Jobs In Michigan

Duo Security will invest nearly $2.5 million to expand its existing operations and create up to 300 jobs in Ann Arbor, MI.

B. Braun To Add 175 Jobs In Florida

Medical device manufacturer B. Braun Medical Inc. will invest $100M in its new Daytona Beach, FL manufacturing facility.

Airbus Expanding In Virginia

Airbus plans to invest $1M in its Loudoun County, VA facility, making it the company's largest distribution center.

South Korean Steel Processor Adding 60 Jobs In Indiana

The Pohang, South Korea-based multinational steel producer will invest $19 million to establish operations at the Port of Indiana-Jeffersonville, creating up to 60 high-wage jobs by 2018.

Texas: Tri-Agency Workforce Initiative Aims To Meet 21st Century Job Needs

Regional workforce and educational conclaves will make recommendations to ensure the Lone Star State is ready for new and expanding businesses.

OxyChem To Invest $145M In Louisiana Expansion

The new product will enable the efficient production of next-generation refrigerants, which have low global-warming potential and ozone depletion potential.

EdenCrete To Create 250 Jobs, Invest $67M In Georgia

The concrete solutions company's new global manufacturing headquarters will employ more than 250 in Augusta.

Eight Counties Chosen For Tennessee Property Evaluation Program

PEP improves the state’s inventory of industrial sites and buildings by evaluating potential properties, advising counties on where investment may be most beneficial and what is needed to address issues.

Third Phase Of Alabama Robotics Technology Park To Open Soon

Phase 3, which represents a $9 million investment and is scheduled to open in late spring or early summer, is the Integration, Entrepreneurial and Paint Dispense Training Facility.

Roy Metal Finishing Expanding In South Carolina

RMF is expanding its current operations by building a second facility in Greenville County's Matrix Business and Technology Park.

March / April 2016 Issue (Volume 49, Number 2)

The Global Biotech Industry is the focus of Business Facilities' March/April 2016 issue, along with our annual Economic Development Awards. Plus, a look at the Aerospace Industry.

Cover Story: Global Biotech Report

The global life sciences industry has adopted an attitude of cautious optimism, expecting reliable growth that will fall short of pre-recession investment surges.

Feature Story: 2016 Economic Development Awards

With so many locations embracing cutting-edge technologies and innovative development strategies, it was hard to pare down the worthy nominees for our economic development awards festival. Here are the folks who made the cut, the best of the best in the applications of smart practices for sustainable growth.

State Focus – Utah: Consistently Excellent

When it comes to business, rolling the dice on an unpredictable location can be disastrous for the bottom line. If you’re looking for consistent excellence, Utah is a sure bet.

Auto Supply Manufacturer Adding 80 Jobs In Indiana

Continental Structural Plastics (CSP) Inc., a tier 1 automotive supplier specializing in vehicle lightweighting technologies, will expand its operations in Huntington, IN creating up to 80 new jobs by 2020.

Mississippi Development Authority: Location Spotlight Of The Week

Mississippi has a proven track record in recruiting world-class companies to the state and providing a favorable business environment which promotes continued industry success. Visit the Mississippi Development Authority Location Spotlight to learn more.

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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

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.

New Jobs To Drive Migration To Middle America

Strong job growth on the coasts has been drawing people away from Middle America, but experts predict the trend will reverse.