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New England Planned Projects To Triple 2006 Levels

According to research from Industrial Info Resources, the region has 42 new projects planned that are worth $1.2 billion.

For 2007, New England is expected to see almost three times the number of projects completed in 2006, according to Industrial Info Resources.

The region has 42 new projects planned with a total investment value (TIV) of $1.2 billion. Those plants will add approximately 4,000 jobs, the research showed.

Massachusetts will see the largest share of new projects with 13 plants that are expected to add 1,800 jobs. Connecticut and Maine are tied for second, each with 8 plants and 1,000 and 700 new jobs, respectively, the report stated.

According to Industrial Info, the region currently has 1,600 plants in operation that employ 360,000 people. Of those 1,600 plants, 583 of them with 214,000 employees fall into the Industrial Manufacturing sector. Food and Beverage ranks second with 207 plants and 34,000 employees. The Pharmaceutical-Biotech sector and Pulp and Paper followed with 146 plants with 50,000 employees and 184 plants with 27,000 employees, respectively.

To view the report, click here.

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