I only played the demo twice but I think you can use your national focus to encourage the capitalists to build factories. There might be other ways too.
Yeah I think I'll try this for my 2nd try of the demo. I have to use my national focus at the beginning of the game to beat the British to Washington and the Mexicans to Oregon, but later on I'll switch it to capitalists.
In states where there are no factories money from the national bank is sometimes used to build a factory. At least that's what I read in another thread.
Yeah I read that as well, but none of the capitalists outside of the northeast seemed to be raising enough funds to get started on any projects, even railroads.