Construction trade group: Public funding likely to bolster industry in 2023 - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

AGC survey: Public projects seen as bright spot for 2023

It's widely expected across the U.S. construction industry public-sector projects will help fill an expected gap from the private side this year, but more clarity is being sought for major federal legislation and spending earmarked for infrastructure projects.

In fact, there were positive readings of 42% in the survey for both highway and bridge construction and transportation projects, while 38% of contractors reported feeling positive about sewer and water construction projects this year, closely followed by federal projects at 37%.And although the industry appears hopeful for work in the public and some private sectors, the overall sentiment this year is less optimistic than 2022, AGC of America found.

Sandherr said there are questions specifically around the Build America Buy America Act, passed as part of the November 2021 infrastructure bill. The act includes a domestic content procurement preference that requires iron, steel and manufactured products, and construction materials used in covered infrastructure projects, to be produced in the United States.

Additionally, he said, the Biden administration should make it easier for the industry and institutions to establish and be registered as an apprenticeship program to meet federal requirements.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 599. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

IRS increases business mileage rates for 2023 - Jacksonville Business JournalAlthough gas prices have fallen from their inflation-inducing prices from last summer, the IRS has decided to raise the rate yet again for individuals who claim the business mileage deduction.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »

Ponte Vedra-based fintech Snap Build soars with construction lending platform - Jacksonville Business JournalThis small company is growing rapidly by helping builders manage their projects.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »