By Jeff Vedders

A total of 6,645 new and expanded facility announcements were made in 2002 in the U.S.  This compares with 9,679 announcements in 2001 and 11,602 announcements in 2000.  There was a 31% drop in activity from 2001 to 2002, and a 43% drop in activity from 2000 to 2002. 

Of the 6,645 announcements reported for 2002, 3,297 were new facility announcements while 3,348 were expanded facility announcements.  All announcements represent an investment of $1 million, 50 employees, or 20,000 sq. ft. 

Source: Whittaker Associates, Inc. and Conway Data Scoreboard

2002 Top New Facility Announcements Analysis.  The table below shows that most of the top industries dropped off significantly in activity from 2001 to 2002.  The building and developing category (spec buildings) leads all categories with a decline of over 78%.  Fabricated metal product manufacturing leads all manufacturers with a decline of nearly 50%. 

Although the new activity environment is mostly grim, a few categories remain not only active, but vibrant from 2001 to 2002.  The wholesale trade, durable goods category (warehousing and distribution of consumer products) leads all new announcements with an increase in activity of over 70%.  One other notable increase is the number of new primary metal manufacturing announcements from 2001 to 2002.

2002 New Announcements 2001 New Announcements Percentage Change NAICS Code NAICS Description
272 157 73.25% 421 Wholesale Trade, Durable Goods
245 1,111 -77.95% 233 Building, Developing, Etc.
200 258 -22.48% 336 Transportation Equipment Manufacturing
186 359 -48.19% 541 Professional, Scientific and Technical Services
142 176 -19.32% 325 Chemical Manufacturing
130 165 -21.21% 311 Food Manufacturing
122 204 -40.20% 721 Accommodations
109 104 4.81% 326 Plastics and Rubber Products Manufacturing
109 152 -28.29% 333 Machinery Manufacturing
104 196 -46.94% 334 Computer and Electronic Product Manufacturing
97 133 -27.07% 422 Wholesale Trade, Nondurable Goods
91 181 -49.72% 332 Fabricated Metal Product Manufacturing
82 129 -36.43% 493 Warehousing and Storage
69 55 25.45% 331 Primary Metal Manufacturing
63 65 -3.08% 321 Wood Product Manufacturing
63 52 21.15% 531 Real Estate
                           55 67 -17.91% 327 Nonmetallic Mineral Product Manufacturing
53 65 -18.46% 339 Miscellaneous Manufacturing

Source: Whittaker Associates, Inc. and Conway Data Scoreboard

2002 Top Expanded Facility Announcements Analysis.  Expanded facility announcements also dropped significantly in activity for most of the top industries from 2001 to 2002.  Professional, scientific and technical services centers (includes computer services, engineering services, etc.) and computer and electronic product manufacturing lead all categories with drop offs of 58% and 51% respectively.  Categories showing a significant increase include administrative and support services with almost a 106% increase, and wholesale trade, durable goods (warehousing and distribution of consumer products) with an increase of 31%.

2002 Expanded Announcements 2001 Expanded Announcements Percentage Change NAICS Code NAICS Description
364 410 -11.22% 336 Transportation Equipment Manufacturing
219 238 -7.98% 311 Food Manufacturing
218 177 23.16% 326 Plastics and Rubber Products Manufacturing
207 234 -11.54% 325 Chemical Manufacturing
177 280 -36.79% 332 Fabricated Metal Product Manufacturing
176 266 -33.83% 333 Machinery Manufacturing
162 123 31.71% 421 Wholesale Trade, Durable Goods
150 353 -57.51% 541 Professional, Scientific and Technical Services
129 143 -9.79% 331 Primary Metal Manufacturing
99 133 -25.56% 322 Paper Manufacturing
98 200 -51.00% 334 Computer and Electronic Product Manufacturing
86 120 -28.33% 422 Wholesale Trade, Nondurable Goods
77 86 -10.47% 323 Printing and Related Support Activities
74 36 105.56% 561 Administrative and Support Services
73 90 -18.89% 321 Wood Product Manufacturing
73 78 -6.41% 327 Nonmetallic Mineral Product Manufacturing
73 82 -10.98% 335 Electrical Equipment, Appliance, and Component Mfg
71 61 16.39% 339 Miscellaneous Manufacturing
59 71 -16.90% 337 Furniture and Related Products Manufacturing

Source: Whittaker Associates, Inc. and Conway Data Scoreboard