AGC is committed to providing our members with valuable resources and updates during these challenging times. You can navigate to topic-specific news and information by using the blue tabs or browse the latest updates by simply scrolling to the bottom of this page. AGC will continue to monitor the situation and update the information on these pages accordingly.
AGC Virtual Media Event: Release of New Construction 7Data
AGC released the new survey during a virtual media event today alongside Procore, who also released new data it collects on the impacts of the coronavirus on the industry. You can watch that event HERE and view AGC’s analysis of the survey results HERE. You can also watch a short video of AGC chief economist Ken Simonson explaining the new survey results HERE.
Recap of Current Construction Business Conditions
AGC has prepared a packet of information to help document current market conditions that helped influence many firms’ decisions to apply for Paycheck Protection Program loans. The intent of this packet is to provide a snapshot of media coverage starting on March 27 – the launch of the initial round of Paycheck Protection Program loans – covering topics like declining demand, growing layoffs and general worries about market conditions for the construction industry. Please see packet HERE.
If you feel it appropriate, please consider including this packet of material in the records you retain relating to your application for a Paycheck Protection Program loan. This packet should provide an overview of the nationwide market conditions the industry faced when firms opted to apply for the loans.
State-by-State Business Reopening Guidance
On May 6, U.S. Chamber of Commerce launched an interactive map with state-specific information to help business owners distill and navigate different state-based public health guidelines as they begin to reopen in communities across the nation. The state-by-state map contains critical information for American businesses in 29 states where governors have begun to reopen local economies. The Chamber will update the map as new guidelines become available.