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Economic Development

Vote Set Thursday on New Under Armour HQ Complex in Baltimore

Baltimore’s economic-development board will vote Thursday on a controversial public-finance plan that would spur construction of a billion-dollar, 266-acre waterfront mini-city anchored by a new global headquarters for Under Armour clothing and footwear company.

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Drone Industry Takes Off in North Dakota

What’s likely to be the nation’s first drone airport-business park complex will fully open its runways to private-sector traffic later this Spring, when unmanned flights raise off the tarmacs of this former Air Force training field in Grand Forks, ND.

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Britain’s Central Bank Governor Warns of Brexit Fall-Out

Mark Carney, the governor of the Bank of England, warned Tuesday that financial stability—of the UK and possibly the 28-member European  Union - could be threatened by a British exit from the European Union if the June Referendum vote favors leaving.

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Jobs Gain, Wages Fall in Mixed February Jobs Report

The U.S. economy continued to grow last month as employers added 242,000 jobs. Demand was strong for service workers in fields like hospitality, retail, food services and healthcare, generally low-paying jobs that did little to quell concern for rising inequality.

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Weddle Leaves Orlando for Hampton Roads

Rick L. Weddle has joined the Hampton Roads (VA) Economic Development Alliance as president and CEO, stepping down from a high-visibility leadership position in Orlando, FL – and immediately raising Hampton Roads’ profile in the economic-development industry.

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Brookings Institution Seeks to Redefine Economic Development in Age of Economic Weakness

Reminding economic-development leaders of their potential role in bolstering the national economy, a leading think tank called Monday for a broad-based shift in practice—less promoting incentive-based corporate relocation in favor of a more diversified, market-based and localized approach.

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Indiana Bakery Finds a New Home in Kentucky

One of Indiana’s largest commercial bakeries will build a $57 million manufacturing plant in Versailles, KY, which is just west of Lexington, starting this summer. More Than A Bakery, owned by Richmond Baking Co., will hire more than 300 workers at the plant, to be sited on 100 acres  in Woodford County.

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Last Year’s Foreign Investment Buys Set a U.S. Real Estate Record

Strong offshore investments made 2015 a record year for commercial real estate in the U.S., expanding the capital pool to nearly $72 billion, more than 150% above the previous year, reports Jones Lang LaSalle, a commercial real estate services and investment management firm.

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