Ohio is poised to be one of the top-ranked states for industrial project spending this year, according to recent research by Industrial Info Resources.
For 2007, the state has 220 projects planned, worth more than $6 billion, the research showed.
By sector, Industrial Info expects $1.4 billion in industrial manufacturing, $1.3 billion in the power industry and $1.2 billion in metals & minerals. Alternative fuels, petroleum refining and pharmaceutical & biotech will also see significant spending with $977 million, $643 million and $605 million, respectively.
Ohio also ranks highest in the Great Lakes region in industrial plant population with 1,650 operational plants, according to Industrial Info.
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