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.



Entertainment Complex Planned for Lauderdale Lakes, FL

A New York developer has purchased 25 acres for a $35-million complex that will include a 15,000-seat stadium.

Rogue on the Run

A "rogue algorithm" is fingered as the culprit of an out-of-control stock trading binge on Wall Street.

Baxter Breaks Ground for $1-Billion Biotech Plant in Georgia

The manufacturing facility east of Atlanta near Covington will produce biomed treatments and employ 1,500.

Methanex Relocates Production Plant from Chile to Louisiana

The Canadian company will invest $550 million to move a methanol production facility to Geismar in Ascension Parish, creating 130 jobs.

Toyota Announces $100-Million Expansion in Ontario

The Japanese auto giant will increase Lexus production at its Cambridge plant, creating 400 jobs.

ACE Bakery Plans New Facility in Cherokee County, SC

The $18.4-million investment is expected generate 51 new jobs.

GlobalFoundries Initiates $2.3-Billion Expansion in Malta, NY

Construction will begin next month on the expanded cleanroom project at the Fab 8 semiconductor facility, boosting capacity to meet strong demand.

Louisiana, Utah Top-Ranked Digital Media Leaders

With innovative incentives and Oscar-worthy talent, Louisiana is the top-ranked state in our new Digital Media Leaders category in Business Facilities' 2012 State Rankings...

FastStart, Quick Start Top Workforce Training Programs

Once again, innovative programs in Louisiana and Georgia are the cream of the crop among Workforce Training Leaders. Louisiana's FastStart and Georgia's Quick Start again...

BF Rankings Report: LA, VA Tops in Economic Growth Potential

The Bayou State surges to the top of our annual assessment of Economic Growth Potential, edging out last year's number one, Virginia.

McCall Farms Expands in Florence County, SC

The producer of canned and frozen vegetables will invest $10.6 million in a project that will create 80 jobs.

Cheney Brothers Plans $100-Million Distribution Center in FL

The Punta Gorda, FL facility will employ 300 and benefit from Florida Power and Light's special economic development utility rate.

NTN-Bower Breaks Ground for $100-Million Expansion in IL

The 240,000-square-foot expansion in Macomb, IL will house new roller bearing production lines, creating 80 jobs.

Texas Takes BF’s Best Business Climate Crown

The Lone Star State doubles down on its business-friendly tradition, exceeding pre-Recession employment levels faster than any state in the nation.

Tennessee Repeats as BF’s U.S. Automotive King

For the third consecutive year, the Volunteer State has topped our annual assessment of Automotive Manufacturing Strength, followed by a fast-rising Kentucky.

Welded Tube of Canada Puts Operation in Lackawanna, NY

The producer of tubular steel for the oil and gas industries will invest $50 million in a new facility in the Tecumseh Business Park near Buffalo.

Multi-Hotel/Convention Center Complex Set for O’Hare Airport

Intercontinental Regional Center Trust, the developer, says the Chicago project will create 5,000 jobs with an overall economic impact of $2.6 billion.

Why Toyota is Lean…and You’re Not

By Dr.Jeffrey Liker, professor of industrial and operations engineering, University of Michigan

Made in Where?

The U.S. Olympic Committee gets an early gold medal for outsourcing.

PetSmart Plans Distribution Center for Berks County, PA

The national retailer will invest $50 million in the new logistics facility in Bethel Township, creating 500 jobs.
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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: Colorado’s Grand Junction – Where Business Meets Adventure

The Grand Junction area is the largest metropolitan area in western Colorado, with the amenities and infrastructure companies need to operate globally. Situated halfway between Denver and Salt Lake City, the Grand Junction area is easily accessible by air, rail, highway, and WiFi.