Treasury Department’s Recent Changes to Paycheck Protection Program Loan Guidance Are Making It Even Harder for Firms to Maintain Jobs Amid Declining Private-Sector Demand for Construction
Laredo, Texas and Lake Charles, La. Have Largest Construction Job Losses While Lewiston, Idaho-Wash. And Dallas-Plano-Irving, Texas Add the Most Jobs; Association Survey Indicates Losses will Spread
Nearly Half of Firms Have Received Loans, But Growing Number of Project Cancellations, Delays and Delivery Problems Imperil Industry; Association Leaders Call for Immediate Infrastructure Funding
New Monthly Job Loss Data Foreshadows More Layoffs Amid Project Cancellations and State Cutbacks in Road Projects as Association Calls for More Small Business Relief and Immediate Aid for Highway Funding
Survey of Construction Firms by the Associated General Contractors of America Finds More Than Half of Firms Have Had Projects Halted as 74 Percent Seek New Paycheck Protection Loans to Retain Staff
Association Officials Urge Quick Enactment of Infrastructure Investment, Relief for Hard-Hit Firms and Pensions in Order to Save Jobs in Construction and Supplier Industries
Association Survey Conducted This Week Suggests Industry’s Job Losses are Spreading Rapidly; Officials Call for Additional Federal Measures to Help Avoid Further Layoffs and Economic Pain
Survey Finds Contractors Face Shortages of Materials and Workers, Delivery Delays and Cancellations; Association Officials Urge Additional Measures to Help Workers, Firms and the Economy to Recover
Construction Officials Say New Federal Guidance Should Signal to State and Local Officials the Need to Allow Construction Activity to Continue, or Resume, During Coronavirus-Related Work Stoppages