PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Contractor Group Introduces Recovery Plan

Thursday, October 1, 2009

Comment | More

The Associated General Contractors of America has released a recovery plan that uses tax cuts, policy revisions and infrastructure investments to jumpstart construction and increase employment.

Calling the construction industry “the hardest hit sector of the economy,” AGC said its plan was designed to reverse predictions that construction activity would continue to shrink through 2010, crippling broader economic growth.

The primary focus of the plan, “Build Now for the Future: A Blueprint for Economic Growth,” is on stimulating new private-sector construction activity, which accounts for 70 percent of the market, said Stephen Sandherr, the association’s chief executive officer.

The plan calls for repealing the alternative minimum tax and increasing and extending a series of tax credits and cuts—including the net operating loss carry back and the 2001 and 2003 tax cuts—to boost investments in real estate development.

“The problems facing the construction industry aren’t just devastating construction workers; they are crippling our broader economy,” said Sandherr. “Simply put, you can’t fix our economy until you fix the construction industry.”

The new incentives, tax cuts, policy revisions and infrastructure investments outlined in the plan are needed to stem the dramatic nationwide decline in construction activity and employment, Sandherr said.  He added that a new analysis of federal employment data conducted by the association found construction employment declined in 324 of 337 metropolitan areas between August 2008 and 2009.

Sandherr said the hardest hit area of the country was Reno-Sparks, Nev., which lost 35 percent of its construction workforce.  Following were Duluth, Minn., and Wisconsin, each with a 33 percent decline; Tucson, Ariz., with a 31 percent decline; Wenatchee, Wash., with a 30 percent decline; and Redding, Calif., which saw a 28 percent decline in its construction workforce.

Only one community saw a double-digit increase: Columbus, Ind., at 14 percent. Anderson, Ind., recorded a 6 percent increase, followed by Tulsa, Okla.; Longview, Wash.; and Baton Rouge, La., each with a 3 percent increase.  

For complete details of the AGC plan, visit www.agc.org.

   

Tagged categories: Associated General Contractors; Construction

Comment from TC, (10/2/2009, 9:09 AM)

Does the boosting transportation infrastructure also include diverse modes of transportation and not just adding more miles of unnecessary highway? Or actually fixing and maintaining the roads we have? If so, then I could see that as a smart investment. As long as we're thinking ahead of the curve and being a part of the solution of the larger problems were facing (renewing infrastructure, reversing environmental damage, etc) rather than just giving ourselves a shot in the arm, this could be a good opportunity to breathe sustaining life into the industry.


Comment Join the Conversation:

Sign in to our community to add your comments.

LS Industries
LS Blasters: Optimum Steel Cleaning Efficiency

Simplify surface prep with the precise shot control of LS Blasters. Our blast technology delivers optimum coverage and finish. 800-533-8008


CS Unitec
Surface Prep & Material Removal

CS Unitec’s Floor Planers remove coatings & corrosion from concrete & metal surfaces. Produce keyed profiles for waterproofing applications. info@csunitec.com


Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


Termarust Technologies
Termarust (HR CSA) Chemically Stops
Active Corrosion

Truss bridge treated in 2000 with Termarust's (HR CSA) field-proven rust mitigation system chemically stopped corrosion, crevice corrosion & pack rust.


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


Fischer Technology Inc.
MP0R with rotating display screen

View your coating thickness readings from any angle with rotating display screen. New graphic display with easy menu navigation. Click for Video
Call 800-243-8417


U.S. Zinc

Offering custom grades and packaging of zinc dust, oxide, metal and fines, U.S. Zinc provides direct shipping to locations worldwide. Helping the world work™

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com