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.



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.
facility location decisions, site selection

Site Selection In 2024: What Risks Define Business Investment Decisions?

Ongoing scarcities and geopolitical forces are among the factors that are impacting facility location decisions, according to a new study from the Site Selectors Guild.
Mississippi

Why? Mississippi

Bill Cork, Executive Director, Mississippi Development Authority, shares how the Magnolia State supports speed-to-market through ready sites, workforce training, and strategic location.
solar eclipse

BF Editors’ Blog: 2024 Solar Eclipse Economic Impact & Where To Watch

From the economic impact to opportunities to travel with family and friends to maximize the experience, anticipation is going strong across North America.
PrizePicks Atlanta Georgia HQ

Fantasy Sports Company Bets On Atlanta For $25M HQ

Over the next seven years, PrizePicks will add 1,000 jobs at its new 33,000-square-foot Midtown Atlanta headquarters.
Michigan business expansions

Four Business Expansions To Create 144 Jobs In Michigan

Located in Kent and Bay counties, four recently-announced Michigan business expansion projects will create 144 jobs and generate nearly $72 million in capital investment.
Military Communities

Military Communities Serve As Opportunity Zones For Nearby Cities

Opportunity zones help defense contractors address nation’s aging military industrial base. Plus, Viewpoint: Federal Opportunity Zones As Business Recruitment Tool
Manufacturing Industry

Digital Adaption Key To Manufacturing Industry

Embracing new technologies will be an important avenue as growth is projected to continue in the manufacturing industry.
York County, South Carolina

York County, South Carolina: Growing With Charlotte And Beyond

At the heart of the Carolinas’ largest metro, York County offers a diverse, thriving economy, great living choices, and room to grow.
South Carolina economic development

South Carolina: Supporting Business From Launch To Legacy

The South Carolina Department of Commerce’s new brand campaign reinforces the state’s commitment to companies’ long-term success.

Owl’s Head Alloys Will Invest Over $29M In Mississippi

The aluminum processing company will locate new operations in West Point, Mississippi, creating 68 jobs. Plus, Mississippi invests nearly $1M in site development.
North Carolina BioPharma Crescent

North Carolina’s BioPharma Crescent: Fertile For Manufacturing

This five-county region in eastern North Carolina is home to biopharma firms from around the world.
Pennsylvania Economic Development, Governor Josh Shapiro

Pennsylvania Renews Economic Development Strategy

Governor Josh Shapiro outlines how the Keystone State’s first economic development strategy in more than two decades will spur growth and interest.

[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.
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: 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.