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Economic Development

All articles tagged with #economic development

Beshear Not Briefed on $100B Paducah AI Data Center Plan
politics-and-government24 days ago

Beshear Not Briefed on $100B Paducah AI Data Center Plan

Kentucky Gov. Andy Beshear says he hasn’t been briefed on a $100 billion private investment to build an AI data center and energy campus at the Paducah Gaseous Diffusion Plant, announced by Brookfield Asset Management and NextEra Energy Resources. The project would include a 1.8-gigawatt data center and a 2-gigawatt energy campus, creating about 8,000 temporary jobs and 600 permanent positions, with power supplied by NextEra and support from local utilities. Beshear did not attend the announcement, and his office has asked questions about power, environmental impact, job creation, and tax contributions. The rollout marks Western Kentucky’s emergence as a center for AI infrastructure, though details and invited officials’ responses remain unclear.

via kentucky.com|
#ai#data-center#economic-development
Mamdani taps Lina Khan to chair NYC’s economic development board
politics1 month ago

Mamdani taps Lina Khan to chair NYC’s economic development board

New York City Mayor Zohran Mamdani plans to appoint Lina Khan, the progressive antitrust regulator and former FTC chair, as chair of the Economic Development Corporation’s board, signaling a shift away from business-friendly ties. Mamdani also plans to name Anthony Shorris, a former deputy mayor, as EDC president, as the board, which must approve major projects, continues to oversee initiatives like Hudson Yards, the High Line, Roosevelt Island’s Cornell Tech campus, and the city ferry system.

via Gothamist|
#antitrust#economic-development#lina-khan
Rays deal could redefine Tampa Bay's future, Weatherford argues
viewpoints5 months ago

Rays deal could redefine Tampa Bay's future, Weatherford argues

A Tampa Bay Times columnist argues that now is the moment to advance the Rays’ stadium and mixed-use district as a transformative public-private project, backing a committed ownership group and sustained regional collaboration. He cites prior local successes (USF Medical School, Water Street) as proof that bold, well-planned development can create jobs and raise Tampa Bay’s profile, and urges urgency over delay to avoid rising costs and missed opportunities, aiming to cement the region as a premier sports and leisure destination.

via Tampa Bay Times|
#economic-development#note#opinion
Browns Kick Off Massive Dig for Huntington Bank Field in Brook Park
business5 months ago

Browns Kick Off Massive Dig for Huntington Bank Field in Brook Park

The Cleveland Browns began mass excavation on March 2, 2026 at the Brook Park site for Huntington Bank Field, kicking off a $3.4 billion Northeast Ohio development that includes a 67,500-seat enclosed stadium and a mixed-use district. With over $2 billion in private investment, the project will create thousands of local jobs (with at least 75% of work hours reserved for locals) and is on track for a 2029 opening, with the official groundbreaking set for April 30.

via Cleveland Browns|
#brook-park#browns#business
Amazon bets $12B on Louisiana data-center network to power future cloud
business6 months 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
business6 months 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
business7 months 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
business7 months 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
business7 months 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
business7 months 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-economy8 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