After the power industry, the pharmaceutical and biotech sector is the next most active market, with $1.1 billion in spending scheduled across 18 projects. Industrial manufacturing activity has the second largest number of projects slated, 60, representing some $285 million in investment.
Missouri Pegged As Industrial Building Hotbed
Some $11 billion in spending has been identified for more than 186 projects in the planning stage, according to Houston's Industrial Information Resources (IIR). The vast majority, 77%, will go toward power plant construction, repairs and additions. Currently, there are 71 power industry projects scheduled to kick off in 2005 or beyond.