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Year-over-year sales growth at the state level in most of New England appears to have been slow this year, with only Massachusetts hitting a +2% gain in sales potential through September, according to Electrical Wholesaling estimates. The Boston-Cambridge-Nashua Metropolitan Statistical Area,
(MA-NH), MSA, the largest in New England, had one of the region’s larger declines, down -5.3% to $2.3 billion in estimated sales potential. The Hartford-West Hartford-East Hartford, CT, MSA, the region’s second largest, is on a nice growth track with a $25.9% gain in sales potential to $499 million.
Despite the sluggish sales, some interesting projects are underway. The $750-million first phase of the Harvard Enterprise Research Campus broke ground in Nov. 2023 in Allston, MA, across the Charles River from Harvard’s main campus. Another large university project broke ground in Sept. 2024 in Portland, ME, the $500-million Northeastern University's Rioux Institute. A large biotech facility, the $710-million Medford Life Science Park in Medford, MA, near Boston is in the planning stages. In the renewables market, Orsted’s $1.5-billion offshore wind farm, which will produce power for Rhode Island and Connecticut with 65 Siemens Gamesa wind turbines, is under construction and in Sept, 2024 completed installation of the first turbine.
