New analysis conducted by the research teams at Industrial SalesLeads, an MNI partner, has identified 398 new planned industrial projects for October 2026, up 2% from 392 in September. The increase makes up for September’s 2% decline. The Industrial Manufacturing industry led the growth with 169 new projects, its highest monthly total of 2026, while Food and Beverage fell to a 2026 low of 38.
The broader manufacturing economy is also expanding: the ISM Manufacturing PMI rose to 55.5% in October, its 10th straight month of growth.
The following are selected highlights on new industrial construction and project opportunities throughout North America.
Planned Industrial Construction - By Project Type
- Manufacturing Facilities - 171 New Projects
- Processing Facilities - 63 New Projects
- Distribution and Industrial Warehouse - 173 New Projects
- Power/Energy/Oil and Gas - 4 New Projects
- Laboratory Facilities - 8 New Projects
- Mine - 0 New Projects
- Terminal - 0 New Projects
- Pipeline - 0 New Projects
Planned Industrial Construction - By Scope/Activity
- New Construction - 133 New Projects
- Expansion - 87 New Projects
- Renovations/Equipment Upgrades - 197 New Projects
- Plant Closing - 24 New Projects
Planned Industrial Construction - By Location (Top 10 States)
Texas - 30
California - 24
Ohio - 22
Indiana - 21
New York - 19
North Carolina - 17
Pennsylvania - 17
Florida - 15
Georgia - 15
Michigan - 15
Largest Planned Industrial Construction Project
During the month of October, our research team identified 30 new General Industrial facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Mesabi Metallics Company, who is planning to invest $15 billion for the construction of a manufacturing facility in CEDAR RAPIDS, IA. They are currently seeking approval for the project. Completion is slated for 2030.
Top 10 Tracked Industrial Construction Projects
NEW YORK:
Semiconductor mfr. is planning to invest $10 billion for the construction of a manufacturing facility in MALTA, NY. Construction is expected to start in late 2026, with completion slated for 2029. They are also considering the construction of an additional manufacturing facility at the site.
GEORGIA:
Automotive mfr. is planning to invest $4 billion for the construction of a manufacturing facility in PEACH COUNTY, GA. Construction is expected to start in 2027, with completion slated for early 2030.
MARYLAND:
Submarine component mfr. is planning to invest $3.7 billion for the construction of a 2 million sf manufacturing complex facility in BALTIMORE, MD. They are currently seeking approval for the project. Completion is slated for 2030.
PENNSYLVANIA:
Steel company is planning to invest $3 billion for the construction of a manufacturing facility in BRADDOCK, PA. The project includes equipment upgrades on their existing manufacturing facility at the site. Construction is expected to start in Summer 2029.
OHIO:
Pharmaceutical company is planning to invest $2.2 billion for the construction of a processing campus in NEW ALBANY, OH. They are currently seeking approval for the project. Construction is expected to start in Summer 2027, with completion slated for 2031.
FLORIDA:
University is planning to invest $2 billion for the construction of an institutional, laboratory, and manufacturing campus in MIAMI, FL. They are currently seeking approval for the project. Construction is expected to start in 2027, with completion slated for 2028.
NORTH CAROLINA:
Construction equipment mfr. is planning to invest $1 billion for the construction of a manufacturing facility in SANFORD, NC. They are currently seeking approval for the project.
TENNESSEE:
Battery mfr. is planning to invest $1 billion for the expansion and equipment upgrades on their manufacturing facility in SPRING HILL, TN. They are currently seeking approval for the project. Construction is expected to start in late 2026, with completion slated for 2028.
NORTH DAKOTA:
Energy company is planning to invest $800 million for the construction of an ethanol processing facility in GLEN ULLIN, ND. Construction is expected to start in Spring 2027, with completion slated for 2028.
MINNESOTA:
Chemical company is planning to invest $500 million for a 105,000 sf expansion and equipment upgrades on their laboratory and processing facility in EAGAN, MN. They are currently seeking approval for the project. Construction is expected to start in 2027, with completion slated for 2030.
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