Economic Development

The Economic Hotspots Outside of Downtowns

Development in and around cities is different than it was a generation ago. New research looks at the emergence of “activity centers,” asset-rich hubs peppered throughout metro areas.

What Closing Streets to Cars Meant for Restaurants in New York City

The city shut some streets to vehicle traffic during the pandemic. New research looks at how bars and eateries in these areas performed compared to pre-Covid years.

Chip Maker Commits Up to $100B for U.S. Manufacturing Site

The facility is planned for upstate New York. It would mark one of the first major new investments by semiconductor companies following the passage of billions in federal incentives.

The Case for Expanding Industrial Policy to Cover Service Jobs

A Harvard professor has a proposal for how government economic development investments could be shifted to better meet workforce and employer needs in the coming years.

There’s Bipartisan Interest in Reworking the Brownfields Program

The infrastructure law tripled funding to clean up and redevelop polluted sites. Two key senators are looking at ways to help more communities take advantage of the additional money.

When a Low-Income Neighborhood Rebound Doesn't Displace Residents

Often when poverty rates drop, it means existing members of a community are pushed out. New research looks at unique factors in places where this wasn’t the case.

Capitalizing Change: Appalachia’s Sustainable Finance Hub

COMMENTARY | There’s a growing effort to change the way investments are made in the region and to ensure that local communities share in more of the benefits.

4 Communities Selected for $180M Housing Program

The Department of Housing and Urban Development says the grants will help to fund over 2,000 units of new housing.

Community Colleges Emerge as Key Players in $1B Build Back Better Regional Challenge

Each of the 21 regional partnerships features at least one community college or technical training school.

Biden Spurs U.S. Biotechnology with New Order

In a surprise executive order, President Biden directed more federal resources to go toward establishing a competitive U.S. biomanufacturing sector to support independence in key input ingredients.

White House Team Unveils New Recommendations for US Semiconductor Industry Growth

The President’s Council of Advisors on Science and Technology introduced new advice to help successfully implement the CHIPS Act and develop an advanced U.S. semiconductor market.

Winners Announced for $1B in Regional Development Grants

The Biden administration named 21 projects across the U.S. that will share in the new funding.

Feds Launch Website to Push Out Information on CHIPS Act Funding

Also on Thursday, President Biden signed an executive order laying out priorities for implementing the bipartisan semiconductor measure.

Economic Development Efforts Thriving in Repurposed Prisons

In recent years, former correctional facilities in seven states were converted into apartments, a sports complex, a movie studio and more, initiatives that are generating jobs and boosting local economies, according to a new report.

$10B Redevelopment Slated for Downtown Miami

Miami-Dade County plans to transform 17 acres through a public-private partnership that includes government offices, "atypical" affordable housing, a transit station, cultural venues and businesses.

New Semiconductor Law Aims to Create ‘Silicon Valleys’ Across US

$10 billion in funding will go to support 20 research hubs with a third of them set to be in small or rural communities.

Advocates Look for New Ways to Fill City 'Food Deserts'

An estimated 53.6 million people live outside an easy walk or drive to a full-service supermarket.

Senate Package Has $3B for Communities Cut Apart by Highways

The “neighborhood access and equity grants” would supplement earlier funding in the infrastructure law and could go towards a range of projects. About a third of the money is earmarked for lower-income areas.

Feds Announce 32 Winners for $500M in Workforce Grants

The program is funded through the American Rescue Plan. Its goal is to expand job training programs for 15 key sectors, including energy, health care, manufacturing and information technology.

Why Cities and Towns See a Huge Economic Opportunity in the Semiconductor Bill

As the legislation cleared the Senate on Wednesday, local leaders from tiny Taylor, Texas, to metropolitan Phoenix were eying the investment and jobs it could bring to their communities.