Industrial Building Looks Strong In 4th Quarter
Some of the major projects that are expected to begin construction in the coming quarter include the proposed $4 billion Dulles Metrorail corridor project in Virginia, a $1.3 billion automobile assembly plant in Mississippi, a $1.2 billion automobile assembly plant in Mexico, a $700 million automobile assembly plant retool in Ontario, Canada, and a $700 million minivan assembly plant retool in Missouri.
The Great Lakes region of the U.S. has always been one of the most active manufacturing regions in the country, with the largest concentration of operational, planned, engineered and under-construction plants in North America. Each year, more plants are constructed and begin operation in that region than anywhere else. 2007 has been no exception. During the fourth quarter of the year, this trend will continue as the region is expected to have 62 new plants open their doors and begin production, adding 7,300 jobs. Illinois and Ohio will lead the way with 13 new plants - each is expected to begin operation in the fourth quarter. Indiana will see 12 plants open, Wisconsin 10, and Michigan and Kentucky seven apiece.