flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover

Market Data

Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover

The HEALS Act includes essential liability, workforce, financial & unemployment reforms, but association will work to get needed infrastructure investments included in final relief measure.


By AGC | July 28, 2020

Courtesy Pixabay

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of Senate Republican’s latest coronavirus relief measure, the Heals Act:

“Senate Republicans have crafted a relief measure that includes a number of vital provisions that will allow hard-hit construction firms to begin rebuilding their businesses and payrolls. Among the most promising of these provisions are liability reforms so construction firms that are protecting workers from the coronavirus will not be subjected to needless litigation. The proposal also includes important improvements to the Paycheck Protection Program and a much-needed expansion of the Employee Retention Tax Credit, both of which will help protect construction jobs.

“The measure also takes a more thoughtful approach than the existing federal unemployment insurance benefit by protecting unemployed workers without creating artificial barriers to returning people to good-paying jobs in sectors like construction. And the ambitious workforce development provisions in this measure have the potential to help millions of unemployed prepare for new careers in middle-class professions like construction.

“The measure is not without flaws, however. Most troubling is the virtual lack of funding for new infrastructure improvements. State transportation officials are coping with a $37 billion funding shortfall, declining revenues and the uncertainty that comes with the September 30 expiration of the existing highway and transit law. Additionally, public school, health and broadband infrastructure need federal investment to meet the challenges of operating during and after the pandemic. Ultimately, such new investments are essential to sustaining and rebuilding the American economy, which is why we will work to ensure they are ultimately included in a final relief measure.

“This proposed measure includes many provisions that will help the construction industry and the broader American economy. Combined with new infrastructure funding, it will help workers and employers avoid further economic harm. That is why we will work with leaders in both parties and both houses to see a final, fuller, measure enacted as quickly as possible.”

Related Stories

Market Data | Jan 19, 2021

Architecture Billings continue to lose ground

The pace of decline during December accelerated from November.

Market Data | Jan 19, 2021

2021 construction forecast: Nonresidential building spending will drop 5.7%, bounce back in 2022

Healthcare and public safety are the only nonresidential construction sectors that will see growth in spending in 2021, according to AIA's 2021 Consensus Construction Forecast.

Market Data | Jan 13, 2021

Atlanta, Dallas seen as most favorable U.S. markets for commercial development in 2021, CBRE analysis finds

U.S. construction activity is expected to bounce back in 2021, after a slowdown in 2020 due to challenges brought by COVID-19.

Market Data | Jan 13, 2021

Nonres construction could be in for a long recovery period

Rider Levett Bucknall’s latest cost report singles out unemployment and infrastructure spending as barometers.

Market Data | Jan 13, 2021

Contractor optimism improves as ABC’s Construction Backlog inches up in December

ABC’s Construction Confidence Index readings for sales, profit margins, and staffing levels increased in December.

Market Data | Jan 11, 2021

Turner Construction Company launches SourceBlue Brand

SourceBlue draws upon 20 years of supply chain management experience in the construction industry.

Market Data | Jan 8, 2021

Construction sector adds 51,000 jobs in December

Gains are likely temporary as new industry survey finds widespread pessimism for 2021.

Market Data | Jan 7, 2021

Few construction firms will add workers in 2021 as industry struggles with declining demand, growing number of project delays and cancellations

New industry outlook finds most contractors expect demand for many categories of construction to decline.

Market Data | Jan 5, 2021

Barely one-third of metros add construction jobs in latest 12 months

Dwindling list of project starts forces contractors to lay off workers.

Market Data | Jan 4, 2021

Nonresidential construction spending shrinks further in November

Many commercial projects languish, even while homebuilding soars.

boombox1
boombox2
native1

More In Category

Healthcare Facilities

Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021