Economic Development and Developers in the News # 151
Econ dev news from 27 economic development executives and organizations in 19 states.
Welcome to the 151st weekly edition of Economic Development and Developers in the News.
Today's issue contains news from 27 economic development executives and organizations in 19 states.
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The "Working for Alabama" package, signed into law, aims to boost the state's economic growth by addressing its low labor force participation rate through initiatives like childcare tax credits and housing tax credits. (Business Council of Alabama President Helena Duncan)
Alaska
Alaska's state economic development agency, the Alaska Industrial Development and Export Authority, may face significant changes after both the House and Senate Finance Committees rejected granting it $300 million in bonding authority, following reports of minimal economic growth from its major projects and loans benefiting speculative real estate investors.
Arizona
Queen Creek’s Economic Development Director Doreen Cott was named Economic Developer of the Year for Medium Community by the Arizona Association for Economic Development.
California
The Vermont Slauson Economic Development Corporation will become the sole owner of the Vermont-Slauson Shopping Center in South LA after securing a $22.2 million commercial real estate loan from Lendistry, ensuring the plaza remains a hub of affordable and essential services to protect existing businesses from displacement and gentrification. (Quentin Strode)
Georgia
Faye DiMassimo has been appointed as the Chief of Planning and Economic Development for the City of Savannah, where she will manage seven departments to advance planning and economic opportunities.
This week, DeKalb County businesses and residents have come together to celebrate Economic Development Week 2024 with Decide DeKalb orchestrating a series of events to spotlight the county’s growth and prosperity and showcasing it as a dynamic hub for business and innovation.
Indiana
Indiana University Northwest has launched its inaugural Economic Development Academy.
Iowa
David Spalding Dean of the Ivy College of Business and vice president for economic development and industry relations, will retire from Iowa State during the summer of 2025.
Kentucky
Kentucky has been recognized by Site Selection magazine for its economic success, placing No. 2 in the South Central region of the 2024 Prosperity Cup rankings and No. 8 nationally, maintaining a top 10 ranking each year under Governor Andy Beshear.
Maryland
The Washington County Department of Business and Economic Development has unveiled a comprehensive new publication, “Beyond The Numbers: Our Economic Demographics Story,” that provides current demographic data and insights to highlight Washington County as an ideal location for businesses and residents
Anne Arundel County is seeking developers to redevelop a 13-acre site in Glen Burnie, aiming to create a vibrant, transit-oriented project due to its proximity to the Cromwell Station light rail (Amy Gowan, Anne Arundel Economic Development Corporation; Maryland Economic Development Corporation).
Montgomery County Economic Development Corporation continues to build a thriving and growing business environment in Montgomery County, particularly in the life sciences, with over 300 life science companies making it the 3rd largest biohealth hub in the country (Bill Tompkins).
The City of Frederick is launching youth apprenticeship programs aimed at connecting young people with opportunities to transform their lives and build a more resilient and sustainable community.
Massachusetts
Catherine Feerick, the economic development director of Attleboro is leaving for a job in Foxboro.
