Rebirth of America’s dead factories

Rebirth of America's dead factories

Rebirth of America's dead factories

Rebirth of America's dead factories

The past two decades have been brutal for American manufacturing as companies shifted production overseas and introduced high-tech systems that eliminated jobs.

Many of these once-thriving hubs have been idle for years, but that’s starting to change.

“Demand for closed factories has picked up since the recession,” said Stuart Lichter, president of Industrial Realty Group, which works with defunct commercial property.

This resurgence is largely triggered by U.S. companies bringing production back home. There has also been a boom in international firms, especially from China, shifting production to the U.S. as a way to grow their business and cut costs.

There are thousands of closed factories, industrial plants and military bases that are prime candidates for redevelopment, Lichter said. Here are some that have been revived.

Rebirth of America’s dead factories – CNNMoney.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s