#economic-development

#economic-development

New York City Economic Development Corporation, New York City Industrial Development Agency and real estate investor Bungalow Projects have closed on two transactions totaling $552 million to support construction of high-end film and television production studios in Brooklyn. The sites at 176 Dikeman Street in Red Hook and 242 Seigel Street in Bushwick will be branded as Echelon Studios and, the city estimated, serve as economic and industry drivers generating 2,400 jobs between construction and operations.

With financial assistance provided by the city, Cielo Supermarket will come to Highland Square Shopping Center next summer in an effort to provide relief to nearby residents who have been left without a neighborhood grocery store since 2019. The family-owned business is expected to occupy about half of the 58,000-square-foot commercial space that has been vacant for the past six years since the closure of Food Source.

This fund is our Plan for Change in action,

Two hundred years ago, the Erie Canal was finally completed, and to celebrate the achievement, the Governor of New York and other local elected officials engaged in a progressive celebration. They sailed from Lake Erie to New York Harbor with stops at communities along the way. It was like a 10-day tailgate with parties, speeches and all-day public celebrations, and it culminated in a ceremonial "wedding of the waters" when water from Lake Erie was poured into New York Harbor.

I recently visited Bentonville, the home of Walmart, in northwest Arkansas. The city is modern, upbeat, and diverse, with many new restaurants and plenty of history. Bentonville is one of the greenest cities I've been to, with miles of hiking and biking trails. Everyone in Bentonville either works for Walmart ora supplier for Walmart - or knows someone who does, an Uber driver said as he showed me around the downtown.

Florida Governor Ron DeSantis announced Tuesday that he will present a proposal to the state's Board of Trustees of the Internal Improvement Trust Fund to convey a 2.63-acre parcel of land in Miami-Dade County for the construction of the Donald J. Trump Presidential Library. The proposed site is located adjacent to the iconic Freedom Tower. The proposal is scheduled for consideration at the upcoming September 30, 2025, meeting of the Board, which is comprised of the Governor, Attorney General, Chief Financial Officer, and Commissioner of Agriculture.

As the primary source of revenue for government at the state, local, and federal levels, taxes are a certainty. But the ways in which tax codes are drawn up and implemented are not, and variations in tax policy at the state-level can have meaningful economic implications. According to the latest data from the Bureau of Economic Analysis and the Bureau of Labor Statistics, the private sector accounts for nearly 89% of gross domestic product and over 87% of employment in the United States.

The Next 3 Billion is dedicated to exploring the forces accelerating economic and societal prosperity across the world's most ascendant regions.

The Special Sustainability Zone (SSZ) Authorization Bill 2025, recently passed in St. Kitts and Nevis, has been introduced to make this possible. Premier Mark Brantley of Nevis, the leader of the federation's smaller island, has underscored the transformative potential of the initiative. In a recent statement to Nevis, he highlighted that such a zone could create thousands of permanent jobs for Nevisians while also providing new opportunities for the diaspora

Like most of South Dakota, Walworth county is built on farming. To the east of Selby, the county seat, vast fields of soybeans and wheat grow between roads that run straight to the horizon. To the west, beyond the county line, the Standing Rock Indian Reservation spreads across miles of rumpled green prairie studded with creamy erratics and dark clumps of trees.

While the average firm in the Forbes 2000 is 67.6 years old, the average age of large firms varies around the world, reflecting regional differences in economic development, industrialization timelines, and market maturity. Large companies in Europe and North America are older, often founded in the early to mid-20th century, while many of the largest firms in Asia emerged more recently, the product of rapid economic growth and state-led industrial expansion.

The California Department of Corrections and Rehabilitation announced that the California Rehabilitation Center will close by the fall of 2026, citing a declining prisoner population.

The proposed electric vehicle preparation and delivery center in North San Jose will enhance local logistics and tech support while promoting sustainable technologies.

Boca Raton's marketing campaign targeting New York City businesses and residents emphasizes relocating to avoid congestion, high taxes, and cold winters. Mayor Scott Singer has participated in local and national media appearances and launched the 'NYtoBoca' webpage as part of the effort.

The plan "seeks to bamboozle with the budget to disguise the paucity of both commitments and detail," said the Social Democrats' spokesman on public expenditure, Cian O'Callaghan.

The British Business Bank has reported a pre-tax gain of £144 million, returning to profitability after two years of losses, amidst an increased investment portfolio.

Midsize cities are stealing the spotlight as job markets heat up, professional networks expand, and newcomers fuel growth. These cities aren't the typical large urban centers, but vibrant hubs with growing professional communities and strong momentum.

You cannot really operate as a country if you're only doing service jobs and basically outsource your middle class, and then you're not building anything anymore.

The Mayor of London, Sadiq Khan, announced that City Hall will host its first-ever London-Africa business summit next year, targeting a bilateral trade of £62 billion by 2030.

Owning space—whether for housing, business, or agriculture—is critical for communities' resistance and long-term stability, shaping their communal purpose and future.

Santa Clara County Supervisor Margaret Abe-Koga invites Cupertino residents to a community meeting to discuss the current status of the Lehigh/Heidelberg Cement Plant and Permanente Quarry, scheduled for July 31.

Jon Connolly's journey into higher education began with a fascination for the natural world and environmental systems, leading him to combine his scientific background with educational leadership.

Those companies came and it gave us a completely different type of industry and manufacturing for our community, suggesting the transformative potential of these investments.

In the depths of this poisoned pit, lies the paradox of Panguna: the reviled foreign project now holds hope for Bougainville's unity, prosperity, and freedom.

Wong will finish out the term of Yui Hay Lee, while Muhammad will replace Michael Colbruno, the board's current president and member for 12 years.

"For the first time, she wasn't making minimum wage. Section 8 housing and SNAP weren't the only reasons we had a roof over our heads or food on the table."

Ford emphasized that First Nations should not keep approaching the government for financial help, indicating a desire for autonomy in economic development.

About a month or two ago, the Trump administration certified all 13 regional plans for economic development in California, bolstering our efforts to develop tailored economic strategies.