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Economic Development

All articles tagged with #economic development

Amazon bets $12B on Louisiana data-center network to power future cloud
business3 days ago

Amazon bets $12B on Louisiana data-center network to power future cloud

Amazon will invest $12 billion to build multi-site data center campuses in northwest Louisiana (Caddo and Bossier Parishes), creating 540 full-time data-center jobs and supporting about 1,710 additional local roles. The plan includes up to $400 million for local water infrastructure and a $250,000 community fund focused on STEM, sustainability and local projects. Amazon will fund energy infrastructure upgrades with SWEPCO, add up to 200 MW of solar energy, and cool centers using surplus water and outside air for most of the year, cutting grid electricity demand by 25-35% during peak periods and pursuing a water-positive goal by 2030. STACK Infrastructure leads construction, with up to 1,500 construction jobs anticipated, aiming to boost regional economic growth and resilience.

via About Amazon|
#amazon#business#data-centers
Dallas closes in on Charlotte’s banking crown
business11 days ago

Dallas closes in on Charlotte’s banking crown

Dallas is emerging as a rival to Charlotte in banking, rising to the second-largest hub for financial workers behind New York and luring major players like Scotiabank, while Charlotte pushes growth in tech and life sciences to stay competitive; the rivalry reflects broader corporate relocation trends, cost considerations, and regional incentives as both cities vie for investment and talent.

via Axios|
#banking#business#charlotte
Gretna Poised to Welcome Nebraska's First Buc-ee’s Travel Center
business1 month ago

Gretna Poised to Welcome Nebraska's First Buc-ee’s Travel Center

Gretna, Nebraska, advanced annexation of about 43 acres near I-80 and Highway 31 to host Nebraska’s first Buc-ee’s travel center—a 74,000-square-foot store with 100 gas pumps—contingent on final council approvals and economic development advisory committee backing to unlock Good Life District incentives aimed at boosting tourism, state sales tax revenue, and local jobs.

via nebraskaexaminer.com|
#annexation#buc-ees#business
Maryland Plans a Smaller Sphere Entertainment Venue at National Harbor
business1 month ago

Maryland Plans a Smaller Sphere Entertainment Venue at National Harbor

A scaled-down Sphere entertainment venue is planned for National Harbor in Maryland, featuring about 6,000 seats and LED displays similar to the Las Vegas Sphere. The project aims to become a regional landmark and boost the economy, with about 2,500 construction jobs and 4,750 operating jobs, backed by roughly $200 million in incentives. Public hearings, permitting, and potential financing mechanisms like TIFs are in play, and while a start date isn’t set, the plan is tied to state and county approvals and a $10 million operating grant in the 2027 budget.

via The New York Times|
#business#economic-development#jobs
business1 month ago

Sphere to add second U.S. venue at National Harbor with 6,000-seat, smaller-scale design

Sphere Entertainment Co., along with the State of Maryland, Prince George’s County, and Peterson Companies, announced plans to build a second Sphere in the United States—the first smaller-scale model—at National Harbor near Washington, D.C. The 6,000-seat venue would feature an Exosphere exterior LED display, a 16K x 16K interior display, Sphere Immersive Sound, haptic seating, and 4D effects, and would be funded by roughly $200 million in state, local, and private incentives. The project would create about 2,500 construction jobs and 4,750 permanent roles, with economic impact projected at over $1 billion annually, but remains contingent on definitive agreements and necessary governmental approvals.

via Sphere Entertainment Co.|
#business#economic-development#immersive-technology
Johnson & Johnson to Build Second Facility in Wilson, Creating Hundreds of Jobs
business1 month ago

Johnson & Johnson to Build Second Facility in Wilson, Creating Hundreds of Jobs

Johnson & Johnson is expanding its operations in Wilson, North Carolina, with a multibillion-dollar investment to build a new factory that will produce cancer drugs, creating hundreds of new jobs. The state is supporting this growth with a $12 million program to train workers, highlighting North Carolina's appeal for life sciences companies and its focus on workforce development.

via WRAL|
#business#economic-development#johnson-and-johnson
Huntsville's Eli Lilly Win Shows Birmingham's Vulnerability
local-economy2 months ago

Huntsville's Eli Lilly Win Shows Birmingham's Vulnerability

Huntsville's success in attracting Eli Lilly's new pharma plant highlights its growing economic strength and ability to win major projects, surpassing Birmingham, which struggles with translating research into commercial products. The article emphasizes the need for Birmingham to focus on effective economic development and regional collaboration, drawing lessons from Alabama's successful auto industry growth and past achievements like the Mercedes-Benz project.

via AL.com|
#birmingham#economic-development#eli-lilly
Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal
local-government-and-development2 months ago

Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal

A $112 million redevelopment project in Marion, Illinois, aimed at revitalizing a dying mall and boosting the local economy, faces challenges due to the financial troubles and foreclosure of one of the key developers, Jerry Barrass, which could impact the project's future plans. Despite these issues, local officials and remaining partners continue to push forward with the project, which includes entertainment venues, hotels, and attractions designed to attract tourists and create jobs.

via Capitol News Illinois|
#economic-development#foreclosure#local-government-and-development