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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

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

Michigan Hot Dog Maker To Expand, Hire 140 Workers

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.

TeamHealth Expanding In Knoxville, TN

The healthcare solutions company will invest $6.7 million, and create approximately 250 new jobs.

Insitu To Open Commercial UAS Facility At MSU

The unmanned aircraft systems facility will be located within MSU's Thad Cochran Research, Technology and Economic Development Park.

Salesforce To Grow Regional HQ, Add 800 Jobs In Indiana

Thanks to the software company's $40 million investment, 111 Monument Circle will be renamed Salesforce Tower Indianapolis.

Two-Way Street

Free trade agreements help the United States hold its lead as a top destination for foreign direct investment.

SATA Group Building New Plant In Texas

The high-tech components manufacturer will build a new machine plant in Brownsville, TX, creating 300 jobs and a $114 million capital investment.

Industry Focus: Aerospace Sector Is Flying High Again

After losing altitude for the past five years as defense cuts eliminated 185,000 jobs, the U.S. aerospace industry is growing in 2016.

Leading FDI Experts Analyze Global Trends At LiveXchange

The 12th Annual Business Facilities' LiveXchange event kicked off at the Hyatt Regency Pier Sixty-Six in Fort Lauderdale, FL with a high-level keynote panel discussion featuring leading experts on foreign direct investment.

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.

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Featured Location Spotlight

City Of Zibo: Location Spotlight Of The Week

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.

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Tennessee Brings Home Top Honors for Economic Development

The Tennessee business climate is one of a kind. The New York Times listed Nashville as the #15 place to visit and Pollstar ranked Bridgestone Arena 6th in the country and 21st in the world when it comes to arena ticket sales.