Cleveland’s Site Readiness for Good Jobs Fund has acquired a 10-acre property, including the vacant Wellman-Seaver-Morgan factory, with plans to explore new uses for the site. The fund aims to assemble and acquire 1,000 acres of vacant industrial sites to create 25,000 jobs in its first 15 years, revitalizing neighborhoods and bringing new wealth to the city.
Alaska’s energy infrastructure requires modernization to improve reliability, integrate clean energy sources, and support economic development. A $206.5 million federal grant has been awarded for Phase I of a project to strengthen the electric grid between the Kenai Peninsula and the Interior. Matching funds are needed from the State of Alaska to secure the full benefits of the grant. Governor Dunleavy has proposed budget amendments to fund the initial work, and the Legislature is considering including funding in the fiscal year 2025 capital budget.
U.S. Transportation Secretary Pete Buttigieg recently appeared on CNBC’s ‘Money Movers’ program to discuss the significance of high-speed rail and the possibility of increased public-private partnerships in such projects.
Detroit has secured the opportunity to host the NFL Draft, an event bringing together fans from all 32 teams. The city’s downtown area will be the backdrop for the draft, which is expected to draw between 400,000 and 500,000 attendees. The event coincides with the Lions’ recent success, creating a wave of excitement among football fans in the city. Local businesses and organizations are collaborating to make the draft a memorable experience, leveraging the exposure to promote the city’s revitalization efforts.
