Economic Development

Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development.



Elevate, Salt Lake City, Utah

Roofing Manufacturer Opens Green Facility In Utah

Elevate Commercial Roofing Systems & Lining’s new LEED-certified manufacturing and distribution center in Salt Lake City will expand service to customers in the West.

Ready For Business In Pasco County, FL

Bill Cronin, President/CEO, Pasco Economic Development Council, shares how this high-growth region on Florida’s west coast offers sites, facilities, and quality of life.
South Carolina

South Carolina Is ‘Firing On All Cylinders,’ Governor Says

Leaders in The Palmetto State aim to build a ‘high-tech, diverse’ economy and increase awareness of the state’s commitment to its businesses.
New York

New York State Returns To ‘Cutting Edge’ Of Manufacturing, Innovation

Governor Kathy Hochul is committed to continuing to improve New York’s economy through revitalizing business districts and new workforce initiatives.
OTR Mexico

OTR, Birmingham Fastener Expand In Mexico

OTR Engineered Solutions will open its new facility in the Monterrey metropolitan area in August; Birmingham Fastener opened a new facility in Querétaro City last month.
Connecticut

Connecticut Sees Growth In Workforce, Emerging Industries

A growing population and a digital direction for the financial and insurance industries could set Connecticut up for success.
Food Processing

COVID-19 Pandemic Spurs Competitive Landscape In Food Processing

Consumers have an increased interest in meal kits and prepared meals, according to a 2023 Global Location Strategies report.

CSX Select Site Program Recognizes 14 Sites In Eight States

Through its Select Site program, Jacksonville, FL-based CSX identifies rail-served properties with desirable traits for expanding companies.
California data center

$600M Joint Venture Will Bring First xScale Data Center To U.S.

The first xScale data center in the U.S., known as SV12x, will be located in California's Silicon Valley. Plus, solar microgrid project breaks ground in Northern California tribal community.
Oklahoma

Oklahoma Sees ‘Tremendous Growth’ In New, Existing Companies

Two economic development programs awarded a combined $13.5 million to more than 175 businesses in 2023 alone, according to the Oklahoma Department of Commerce.
Protomet Tennessee, Manufacturers Tennessee

Two Manufacturers Invest $29M To Expand In Tennessee

Protomet Corporation will create 250 new jobs in Roane County, Corky’s Food Manufacturing will create 28 new jobs in Memphis.

Mack Trucks To Be Made In Mexico

Expected to open in 2026, the plant will support the growth of Volvo Trucks and Mack Trucks in the U.S. and Canadian markets through existing operations there.
Illinois

Business, Civic Leaders Build On Illinois’ Momentum

Incentives, ‘leading infrastructure,’ and a skilled workforce contribute to the influx of companies making moves in the Land of Lincoln.
BENTELER Steel/Tube Manufacturing Corporation

Louisiana Announces Over $58M In Manufacturing Investment In One Day

The three manufacturing projects announced today will create or retain approximately 600 jobs at locations in Northwest and Southwest Louisiana.
Arizona

Arizona Attracts ‘Record Investments,’ ‘Major’ Economic Wins

Arizona saw nearly 100 companies commit projects to the state in 2023, In addition to its interest in growing its semiconductor industry footprint.
Life Sciences Industry Locations

Life Sciences Industry Continues To Thrive

Locations attract biotech, pharmaceutical, and medical device companies by meeting their need for educated workers and access to resources.
Pratt & Whitney West Palm Beach Florida

Pratt & Whitney Plans Technology Accelerator, Engine Center Expansion In Florida

Pratt & Whitney plans a North American Technology Accelerator (NATA), and will invest $20M in its West Palm Beach Engine Center, both in Jupiter, FL.
life sciences

Survey: Life Sciences Incubators Anticipate Continued Growth

In this first CBRE survey of its kind, incubators across the U.S. were asked about expectations related to funding and overall growth.
New Jersey Economic Growth

New Jersey: Economic Growth Renewed

New Jersey saw a landmark year in 2023, with artificial intelligence (AI), life sciences, and manufacturing contributing to the Garden State's economic growth.
Exploring The Energy Future

Exploring The Energy Future

As industries seek to diversify energy sources, government initiatives remain central to these efforts.
tax credits

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

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.
Texas 2023 State of the Year

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: The Rhode Island Advantage

Rhode Island’s ideal location in the Northeast boasts all the benefits of major commercial centers, including easy access to top companies, all manner of transportation, and world-class universities.