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NEW CONSTRUCTION DATA SHOWS NEED FOR STIMULUS INFRASTRUCTURE INVESTMENTS, AGC'S STEVE SANDHERR SAYS

February 2, 2009

"Today's construction figures underscore the dramatic decline in business activity that is putting hundreds of thousands out of work, endangering the viability of tens of thousands of businesses and dragging on the broader economy. This is a stark reminder of the need for immediate and significant federal investments in vital construction and infrastructure projects. Without those investments, we estimate over a million construction workers will lose their jobs while many of the small businesses that dominate the construction industry will close their doors. With these investments, however, construction companies will be able to save those jobs, expand payrolls and invest in equipment and supplies, while building the foundation for a stronger economy," said Stephen Sandherr, chief executive officer of the Associated General Contractors of America.

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