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.



INTOCAST

INTOCAST Breaks Into U.S. With Tennessee Facility

INTOCAST will establish its first U.S. operations in Tennessee, according to the Tennessee Department of Economic and Community Development.
renewable energy

BF Editors’ Blog: 4 Ways To Celebrate Renewable Energy Day

National Renewable Energy Day is March 21. Business Facilities looks at ways site selectors can help continue that its worldwide momentum.
South Carolina state flag

SC Produce Company Invests $26.2M In Palmetto State

A full-service fresh produce supplier will invest $26.2 million to improve its facility in Richland County, South Carolina.
Samtec

Samtec To Expand Costa Rica Plant, Add 250 Employees

Samtec, headquartered in Indiana, will invest $13 million in the Central American country, with $8 million dedicated to growing its plant.

Modine To Invest $18.1M To Expand Rockbridge County, VA Site

Modine, a thermal management solutions company plans, to invest $18.1 million to expand its operation in Rockbridge County, VA.
Unilever Jefferson City

Unilever, Americold Invest More Than $207M To Grow In Missouri

Unilever will invest over $80M to expand its Jefferson City facility for production of Liquid I.V. Americold will invest $127M to establish its first facility in Kansas City.
Schaeffler Ohio

Schaeffler Plans New EV Manufacturing Facility In Dover, Ohio

The Germany-based company's $230M investment in facilities at Dover and Wooster will create a total of 650 EV industry jobs in Ohio by 2032
Northwest Ohio

Why? Northwest Ohio

Dean Monske, President & CEO, Regional Growth Partnership, shares how workforce and project-ready sites are spurring a renaissance for distribution operations and other industries in northwest Ohio.
Rock Tech Lithium Refinery, Red Rock, Ontario, Canada

Rock Tech Picks Red Rock For Ontario’s First Lithium Refinery

Following an extensive location selection process, Rock Tech has selected the former Norampac Paper Mill site in Red Rock as the location for Ontario's first lithium refinery.
Wisconsin Economy

Community, Business Leaders Bolster Wisconsin’s Economy

The Badger State could add more than 190,000 jobs across occupations from 2020 to 2030, according to Job Center of Wisconsin projections.
New England

New England Continues To See Economic Improvement

As part of its rebounding economy, the New England region has seen its unemployment rate reach its lowest point since 2000.
UBE Louisiana

UBE Plans $500M EV Battery Ingredient Plant In Louisiana

The Japanese chemical company's first U.S. manufacturing facility will be located at Cornerstone Energy Park in Jefferson Parish.
North Carolina

Japan-Based Companies Make Moves In North Carolina

Two Japan-based companies are establishing a presence in North Carolina, building on the country's investments in the Tar Heel State.
Indiana Growth

Indiana: Bold Moves For Bold Growth

Statewide initiatives continue momentum toward growing and diversifying the Hoosier State economy.

[VIDEO] Camp Hall – A Next Generation Commerce Park in South Carolina

Camp Hall is a first-of-its-kind, master-planned industrial work space located in Charleston, S.C. As a convergence of people, place and programming, Camp Hall delivers thoughtful infrastructure and logistical features that empower people — and business — to thrive.
Michigan

Future Mobility, Sustainability Projects To Bring More Than 1,360 Jobs To Michigan

Corning will invest $900M in Saginaw County manufacturing facility; EV maker Lucid Motors’ new R&D facility will bring over 250 jobs to Southeast Michigan.
Missouri

Show-Me State Prioritizes Infrastructure, Workforce Development

Myriad companies have moved into Missouri communities around Kansas City, St. Louis, and Joplin over the past year.
Fairfield County, SC

Fairfield County, SC: Shaping The Future, Starting Now

This rural county situated between Columbia and Charlotte offers ideal sites and settings for manufacturers and their families alike. The growth surge has begun.

Hydrogen Tech Company Relocates Within Kent County, DE

FFI Ionix Inc., a hydrogen technology company, recently announced it will relocate its operations within Kent County, Delaware.
Montgomery County, Texas

Lone Star State Success Driven By ‘Hardworking Texans’

Governor Greg Abbott credits the state’s residents — and economic development tools — for its top business ranking.
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: Welcome to Columbus, Indiana

Columbus, Edinburgh and Bartholomew County, Indiana are consistently ranked among the Top Ten locations in the United States. With one of the highest concentrations of engineering talent in the nation, manufacturing employment that ranks in the Top 2% of the U.S., I-65 access, and nationally recognized community living, now is the right time to consider the unexpected opportunities this unforgettable community has to offer.