In the Race to Win Electric Vehicle Factories, States Are Handing Out Big Incentives at Lightning Speed

Tax breaks are often controversial, but states are doling out a lot of them—plus land, infrastructure improvements and more—to lure manufacturers in this burgeoning industry.

Federal Reserve Plans to Raise Interest Rates ‘Soon’ to Fight Inflation

COMMENTARY | The U.S. central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.

Major Offshore Wind Lease Sale Set for February

The planned federal auction for sites near New York and New Jersey comes as the Biden administration continues its push for offshore wind power development. State and local leaders are eying economic opportunities tied to the industry.

Legislation Seeks to Block Secrecy With Economic Development Deals

Bills put forward in at least three states aim to ensure there's transparency around tax breaks and other incentives.

60 Finalists Selected for $1B Regional Development Program

Coalitions from across the U.S., some led by cities and state and local agencies, are vying for federal grants worth between $25 million and $100 million.

Detroit to Use Up to $75M in Federal Aid on Workforce Program

The city will direct American Rescue Plan Act dollars to an initiative that will involve residents doing neighborhood projects, while also completing job training or earning high school degrees.

With Scant Data, Questions Hang Over Opportunity Zones

The economic development program received renewed scrutiny on Capitol Hill this week, with some lawmakers and experts suggesting it is in need of reforms.

New $1B Economic Development Program Draws Heavy Interest

Over 500 applicants, state agencies and local governments among them, have applied for the regionally focused initiative. There are only 50 to 60 slots available in its first phase.

7 Offshore Wind Leases Could be Economic Boon to US Coastal Communities

The Interior Department is "laying out an ambitious roadmap" for the proposed wind power sites in waters off eastern and western states by 2025.

Tesla to Move Headquarters From California to Texas

CEO Elon Musk cited housing affordability and commute times in announcing the relocation, which follows a clash between the billionaire and California officials last year.

Museums, Cultural Institutions Cut Jobs Despite PPP Loans, Report Finds

More than 14,400 employees were laid off from 288 institutions that received federal loans meant to help preserve jobs, according to a public service employees union.

Ford to Invest Billions in Electric Vehicle Production in Two States

One governor is describing a planned facility as the largest economic development project his state has ever seen.

Four-State Economic Renewal Plan Gets Fresh Attention

Local officials and others launched discussions this week about a broad revitalization proposal for Appalachia. Talks come as federal legislation could unlock money to help make it feasible.

How Early Childhood Care Differs Between Better and Worse Off Families

New research finds that kids from households on higher socioeconomic rungs tend to spend less time with their parents, but also receive higher quality care.

Nearly One-Third of Infrastructure Jobs are Tough to Fill, Research Finds

Job opportunities are likely to boom if Congress approves a pending infrastructure bill, but a National League of Cities report says the current workforce may not be able to meet the demand.

Infrastructure, Budget Bills Estimated to Support 4M Jobs

The budget bill would add 1.1 million jobs related to caregiving alone, according to the Economic Policy Institute.

New Economic Development Chief Pledges to Ramp Up Outreach

Alejandra Castillo last month took the helm of the U.S. Economic Development Administration, which has seen its budget swell with over $4 billion in pandemic-era grant funding.

Amazon to Hire for More Than 40,000 Corporate and Tech Jobs Across US

Many positions will be in Seattle and northern Virginia, but the company is looking to recruit in other regions as well.

People Liked Malls

COMMENTARY | Amazon appears to have discovered that the fastest, freest shipping is picking stuff up in person.

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