A community can’t attract investment if it doesn’t have a clear sense of what it has to offer to a potential company or industry looking to locate there. That’s why the U.S. Economic Development Administration (EDA) has tools to help communities identify assets in their regions that will help to attract private investment: the National Excess Manufacturing Capacity Catalogue (NEXCAP) and the U.S. Cluster Mapping website.
In the United States, there are hundreds of millions of square feet of nonproductive commercial, industrial, and manufacturing space. This space provides an opportunity for domestic companies to find manufacturing spaces as well as foreign companies looking to locate operations in the United States. However, information about this space can be incomplete and scattered. That’s where NEXCAP comes in. With funding from EDA, NEXCAP is uniquely and comprehensively cataloging these vacant manufacturing facilities, their assets, and those of the surrounding community. The searchable catalog offers companies seeking manufacturing production sites/facilities in the U.S. a complete and detailed overview of potential manufacturing sites. NEXCAP's site inventory and portal is populated with detailed profiles of the facilities and their host communities. It provides companies seeking locations with a toolkit of information to guide their business location and/or expansion decisions. This benefits the communities with properties by attracting investment and new, job creating industries.