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 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.