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 Announcements2001 New AnnouncementsPercentage ChangeNAICS CodeNAICS Description
27215773.25%421Wholesale Trade, Durable Goods
2451,111-77.95%233Building, Developing, Etc.
200258-22.48%336Transportation Equipment Manufacturing
186359-48.19%541Professional, Scientific and Technical Services
142176-19.32%325Chemical Manufacturing
130165-21.21%311Food Manufacturing
1091044.81%326Plastics and Rubber Products Manufacturing
109152-28.29%333Machinery Manufacturing
104196-46.94%334Computer and Electronic Product Manufacturing
97133-27.07%422Wholesale Trade, Nondurable Goods
91181-49.72%332Fabricated Metal Product Manufacturing
82129-36.43%493Warehousing and Storage
695525.45%331Primary Metal Manufacturing
6365-3.08%321Wood Product Manufacturing
635221.15%531Real Estate
                           5567-17.91%327Nonmetallic Mineral Product Manufacturing
5365-18.46%339Miscellaneous 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 Announcements2001 Expanded AnnouncementsPercentage ChangeNAICS CodeNAICS Description
364410-11.22%336Transportation Equipment Manufacturing
219238-7.98%311Food Manufacturing
21817723.16%326Plastics and Rubber Products Manufacturing
207234-11.54%325Chemical Manufacturing
177280-36.79%332Fabricated Metal Product Manufacturing
176266-33.83%333Machinery Manufacturing
16212331.71%421Wholesale Trade, Durable Goods
150353-57.51%541Professional, Scientific and Technical Services
129143-9.79%331Primary Metal Manufacturing
99133-25.56%322Paper Manufacturing
98200-51.00%334Computer and Electronic Product Manufacturing
86120-28.33%422Wholesale Trade, Nondurable Goods
7786-10.47%323Printing and Related Support Activities
7436105.56%561Administrative and Support Services
7390-18.89%321Wood Product Manufacturing
7378-6.41%327Nonmetallic Mineral Product Manufacturing
7382-10.98%335Electrical Equipment, Appliance, and Component Mfg
716116.39%339Miscellaneous Manufacturing
5971-16.90%337Furniture and Related Products Manufacturing

Source: Whittaker Associates, Inc. and Conway Data Scoreboard