New Coronavirus Recovery Measure Will Provide Some Needed Relief For Contractors Coping With Project Cancellations, Falling Demand

Measure’s Modest Amount of Funding for Infrastructure Projects and Clarification that PPP Loans May Not be Taxed Will Help Offset Some of the Challenges Facing the Construction Industry

The Associated General Contractors of America’s chief executive officer, Stephen E. Sandherr, issued the following statement in reaction to the release of compromise coronavirus relief legislation slated for House and Senate votes as early as today:

Only 30 Percent Of Metro Areas Add Construction Jobs In Latest 12 Months As Widespread Project Postponements And Cancellations Force Layoffs

Houston-The Woodlands-Sugar Land and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Dallas-Plano-Irving, Texas and Walla Walla, Wash. Lead in Construction Job Increases