Pittsburgh: Development at Brownfield Site Coming Soon

The Urban Redevelopment Authority (URA) of Pittsburgh has authorized work on an $80 million tax increment financing package (the largest in the city’s history) that would support major infrastructure improvements for a $900+ million dollar mixed-used development on the former LTV Steel site in the Hazelwood neighborhood of…

Big River Steel LLC to Build $1 Billion Plant in Arkansas

Last week, Big River Steel announced plans to build a more than $1 billion steel mill in Mississippi County, Arkansas that will directly employ more than 500 people with annual average compensation of $75,000 a year.

The plans are contingent on approval by the legislature authorizing the state to…

New Jersey: New Angel Investor Credit Program

Gov. Chris Christie has signed S-581 to spur investment and growth in New Jersey’s innovative and emerging technology businesses. The $25 million Angel Investor Tax Credit Program will provide credits for up to 10 percent of a qualified investment in an emerging technology business with a physical presence…

Mayo Clinic to Invest more than $3 Billion

The Mayo Clinic’s Rochester, Minn., campus; the Landow Atrium in the Gonda Building.

Last week Rochester, Minn.-based Mayo Clinic announced Destination Medical Center (DMC), an economic development initiative to secure Minnesota’s status as a global medical destination in the coming decades. The initiative is the result of…

Bechtel Gives $250,000 to Build Delta High School in Washington State

Bechtel National Inc. has provided a $250,000 gift to the Washington State STEM Education Foundation for the Delta High School capital campaign in Richmond.  Bechtel National is designing and building in Hanford the world’s largest radioactive waste water treatment plant for the U.S. Department of Energy.

“STEM…