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Known as New England39s quotHub Cityquot Boston is also the center of the region39s economy It39s home to one of the nation39s healthiest downtown construction markets Wikimedia Commons

2014 New England Region Forecast

Nov. 7, 2013
New England is growing nicely, led by commercial construction in the Boston market. Construction employment growth at 16% is second only to Los Angeles. Overall, the region's electrical sales should grow 6.5% in 2014.
New England is enjoying a nice recovery from the economic doldrums, and as usual it’s been led by the Boston metropolitan area, which Moody’s says has “the strongest commercial real estate market in the country since the 2008 recession.” In the past few years, the city has enjoyed a major redevelopment of its waterfront, the opening of thousands of square feet of new office and retail space and billions of dollars in construction spending.

Boston's Millenium Tower project is just one of many boosting that metro area's construction work.

But the good times look like they will keep on rolling as construction companies added 8,700 new employees from Aug. 2012- Aug. 2013, a 16% increase that’s second only to Los Angeles. Some of these contractors may be working on the site of the new $630 million Millennium Tower at the site of the old Filene’s store, or at the $1.2 billon Suffolk Down racetrack-casino that’s on the drawing boards. Outside the Boston metro there are some impressive projects, too. Stamford, Conn., broke ground on a new $450 million hospital, and the recently started Jackson Laboratory for Genomic Research is a $191 million project in Farmington, Conn.

Acquisition activity. NESCO and Granite City Electric Supply have been the most active acquirers over the past five years in this region. Details

 EW "TOP 200" ELECTRICAL DISTRIBUTORS
WITH THEIR HEADQUARTERS IN NEW ENGLAND

Granite City Electric and NESCO are the two largest independently owned electrical distributors with their headquarters locations in New England, following Munro Distribution's acquisition in Dec. 2012 by Rexel. Horizon Solutions is another big independent player, but its headquarters is in Rochester, N.Y. To get more details on the Top 200 Electrical Distributors listed below, click here.

Rank

Company Name 

Town/City

State

67 Munro Distribution Co. Inc./Rexel Fall River MA
68 Granite City Electric Supply Co. Quincy MA
86 Needham Electric Supply / NESCO Canton MA
119 Rockingham Electric Supply Co. Newington NH
125 Independent Electric Supply Somerville MA
167 The Hartford Electric Supply Co. Inc. (HESCO) Rocky Hill CT

RECENT NEW BRANCH OPENINGS IN NEW ENGLAND REGION

Compared to some other regions of the United States, it's been pretty quiet on the branch expansion front in this region. If your company has opened a new branch and would like it publicized in Electrical Wholesaling's print edition or on www.ewweb.com, please send the information (and a high-resolution photo if possible to Jim Lucy, EW's chief editor, at [email protected].  .... 

Company Town/City State Year Needham Electric Supply (NESCO) Hudson NH 2013 Granite City Electric Supply Co. West Haven CT 2012

ELECTRICAL WHOLESALING'S SALES FORECASTS
FOR THE NEW ENGLAND REGION

Massachusetts and Connecticut account for more than 70% of distributor sales in New England.

EMPLOYMENT IN KEY CUSTOMER GROUPS IN THE NEW ENGLAND MARKET

You can use the employment data below to calculate sales potential for key customer groups by region, state and Metropolitan Statistical Area (MSA)  by using this data and Electrical Wholesaling's 2014 Sales Multipliers. To get these multipliers and to learn how to use them, click here to get to Electrical Wholesaling 2014 Market Planning Guide. Just scroll down and search for "multiplers."

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