Quick hits
What moved, in brief.
Foreign investment into the US rose 49.5%, and greenfield was $13.8 billion of it
Expenditures by foreign direct investors to acquire, establish or expand US businesses reached $232.2 billion in 2025, up $76.8 billion or 49.5% on revised 2024 figures, in preliminary statistics the Bureau of Economic Analysis released on June 10, 2026. Acquisitions of existing businesses were $218.4 billion of that. Greenfield expenditures, meaning new establishments plus expansions of foreign-owned businesses already operating in the country, were $13.8 billion, with Louisiana at $3.0 billion, Arizona at $2.7 billion and Texas at $1.9 billion taking the most. Japan was the largest investor by ultimate beneficial owner, at $50.5 billion.
BEA: New Foreign Direct Investment in the United States, 2025Commerce puts $169 million behind six Tech Hubs
The Economic Development Administration announced on July 20, 2026 that it intends to award $169 million across six Tech Hubs. Missouri's Critical Minerals and Materials for Advanced Energy hub takes $38 million, Kansas City BioSecure Manufacturing $34 million, the Intermountain-West Nuclear Energy Corridor across Idaho and Wyoming $31 million, the Bloch Quantum hub across Illinois, Indiana and Wisconsin $30 million, Maine's Forest Bioproducts Advanced Manufacturing $20 million, and Virginia's Advanced Pharmaceutical Manufacturing hub $16 million. These are stated intentions to award, not disbursements.
EDA: U.S. Department of Commerce Intends to Invest $169 Million in Tech Hubs Funding to Enhance Economic Competitiveness and National SecurityZimbabwe took a 1,025-hectare agro-park to about 50 Chinese firms
The Zimbabwe Investment and Development Agency presented the Goromonzi Agro-Industrial Park at a promotion event in Harare on July 16, 2026, organized by Crowe Zimbabwe with the China Zimbabwe Exchange Center. The park covers 1,025 hectares in Mashonaland East, about 40 km from Harare, and targets horticulture, cannabis and industrial hemp. What ZIDA asked the room to fund was infrastructure rather than crops: solar generation, cold chain, packaging and processing, warehousing and transport.
Xinhua: Zimbabwe seeks Chinese investment for agro-industrial parkEvery EU member state is on course to be required to screen foreign investment
The European Commission's investment screening page records that interinstitutional negotiations on the revised Foreign Direct Investment Screening Regulation concluded in Brussels on December 11, 2025 with a provisional political agreement, and that formal adoption follows once the co-legislators complete their internal procedures. The revision would require a screening mechanism in every member state, set a common minimum sectoral scope, extend screening to intra-EU investments controlled from outside the EU, and allow retroactive review of transactions that were never notified. The Commission built the proposal on more than 1,200 transactions reviewed under the 2019 regulation.
European Commission: Investment screeningThe Philippines' Board of Investments approved PHP 461.84 billion in the first half
Board of Investments approvals reached PHP 461.84 billion in the first six months of 2026, up 20.8% from PHP 382.24 billion in the same period of 2025, on figures reported by The Manila Times on July 13, 2026. The figure counts board approvals rather than capital deployed. The distance between the two is the number worth carrying into 2027.
The Manila Times: Investment approvals up 20.8% to P461.84BThe vote that decides a large-load project now sits with a county board, and it comes after the site is chosen
Across the local pauses on record, the decision lands after the land is assembled and the application is filed, which puts the political question at the end of the process instead of the start.
On July 13, 2026, the Indianapolis City-County Council's Metropolitan Economic Development Committee voted 10 to 3 to advance a moratorium pausing approval of new data centers through the end of 2027. Council President Maggie Lewis sponsored it alone, and Mayor Joe Hogsett endorsed the pause. The full council votes on August 10, and if it passes, the amendment goes to the Metropolitan Development Commission. Two days after the committee vote, on July 15, an east side data center won approval over community opposition. Both things are true of the same city in the same week.
Indianapolis is late to this. The dcmap.us Data Center Policy Tracker, updated in July 2026, records 15 formal public actions restricting or rejecting data center development across 10 states since 2025: six moratoriums, four state legislative measures, three project rejections and two zoning ordinances. Good Jobs First, in a post published February 19, 2026 and updated March 9, counted at least 63 local moratorium actions, of which 54 had already passed. The two counts are not in conflict, because they measure different things. The dcmap.us tracker logs only council and board votes, enacted ordinances, and filed or passed state bills and regulatory rules, each with a public record attached. Good Jobs First counts the wider set of local pauses. Both are floors, and the dcmap.us methodology note says pauses in smaller jurisdictions often go unreported.
The count is not the part that changes an agency's job. The timing is. Across the local actions dcmap.us records, the pause or the refusal comes after a developer has assembled land and filed, not before. Prince William County, Virginia is the clearest case: on July 7, 2026 the Board of County Supervisors voted unanimously to deny the rezoning for Dulles Cloud South, a campus of nearly 2,000 acres that would have been the county's largest data center project, days after the developers behind the separate Digital Gateway project abandoned it. Land was bought, optioned and engineered against a political question nobody had answered in public.
Writing the rules first narrows the fight without ending it. Linn County, Iowa adopted a data center zoning ordinance on February 18, 2026 that created an exclusive-use district with 1,000-foot residential setbacks, a mandatory water study and a water-use agreement. On July 1 the same Board of Supervisors voted 2 to 1 for an 18-month moratorium on new applications to rezone land into the district it had just built. The ordinance was four months old when the board that wrote it stopped taking applications under it. Birmingham, Alabama tried the same instrument on June 9, 2026, with a 500-foot residential setback, closed-loop cooling and certified-mail notice to nearby owners, in what the city called Alabama's toughest data center ordinance. Birmingham's ordinance is seven weeks old, so whether it holds is not yet testable, and the record supports nothing further about it.
The strongest objection to reading this as a land-use problem is that it is a utility bill wearing land-use clothes, and no setback rule touches a utility bill. Good Jobs First reports a Union of Concerned Scientists finding that ratepayers in seven PJM states carried $4.3 billion in electricity infrastructure projects approved in 2024 solely to connect data centers. If cost-shifting is the driver, then the instrument that settles it sits at the utility commission, not the planning department. Georgia's Public Service Commission approved a rule on January 23, 2025 requiring new Georgia Power customers above 100 MW, chiefly data centers, to pay their own site-specific and upstream generation, transmission and distribution costs. The stronger explanation is that a jurisdiction which has answered the who-pays question in public, before a prospect arrives, has less left to litigate when one does. That is an inference drawn from a short record. What would break it is a jurisdiction that settled cost allocation in advance and got frozen anyway, so if Georgia localities begin passing pauses despite the 2025 rule, the sequencing argument fails and the pause is about something no tariff can fix.
A pause is also worth only what a developer cannot price. Hill County, Texas adopted a one-year moratorium on May 12, 2026 and rescinded it roughly three weeks later, on June 5, amid a $100 million developer lawsuit, replacing it with a checklist of requirements for applicants. New York is testing the version with a state behind it. Governor Kathy Hochul signed Executive Order No. 62 on July 14, 2026, pausing discretionary state environmental permits for up to a year while the Department of Public Service prepares a generic environmental impact statement, and directed Empire State Development to publish a Community Investment Framework within 60 days. That framework falls due in mid-September. The Indianapolis council meets at 7:30 p.m. on August 10.
The dcmap.us Data Center Policy Tracker records 15 formal public actions across 10 states from 2025 to July 2026, counting only council and board votes, enacted ordinances, and filed or passed state bills and regulatory rules. Source: dcmap.us, updated July 2026.
Why it matters for practitioners
- ◆Find out this week which body casts the final land-use vote on your largest large-load prospect, and when it next meets. In Indianapolis that is the full council on August 10 and then the Metropolitan Development Commission. Neither date appears in a site-selection questionnaire, and neither is yours to control.
- ◆Get the who-pays answer in writing before the next prospect calls. Georgia's Public Service Commission set the threshold at 100 MW in January 2025 and made the customer carry its own generation, transmission and distribution costs. If your utility or regulator has published no rule above a stated load, that silence is what a moratorium fills.
- ◆Stop treating an adopted zoning ordinance as a closed question. Linn County, Iowa wrote one in February 2026 and froze the district it had created on July 1.
- ◆If you are marketing a New York site, tell prospects the state permit pause runs up to a year and that Empire State Development's Community Investment Framework lands by mid-September. A prospect who hears that first from outside counsel will discount everything else in your pitch.
Sources
- dcmap.us: US Data Center Policy Tracker: Moratoriums, Rejections & Legislation (Jul 2026)
- Good Jobs First: Data Center Moratorium Bills Are Spreading in 2026
- WFYI: Data center moratorium advances for Indianapolis
- WFYI: East side data center wins approval, despite community opposition
- Governor Kathy Hochul: First Statewide Moratorium on New Hyperscale Data Centers Launched by Governor Kathy Hochul
- BEA: New Foreign Direct Investment in the United States, 2025
- EDA: U.S. Department of Commerce Intends to Invest $169 Million in Tech Hubs Funding to Enhance Economic Competitiveness and National Security
- Xinhua: Zimbabwe seeks Chinese investment for agro-industrial park
- European Commission: Investment screening
- The Manila Times: Investment approvals up 20.8% to P461.84B
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