Browse by Date - 202005

House-passed Bill Making Needed Improvements To Paycheck Protection Program Will Allow Construction Firms To Save More Jobs

Construction Official Urges Senate and White House to Quickly Pass and Sign Into Law the Paycheck Protection Program Flexibility Act, Noting the Measure Provides Greater Relief to Hard-Hit Industry

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the passage in the House of Representatives today of the Paycheck Protection Program Flexibility Act of 2020:

Construction Employment Shrinks In 49 States And D.C. In April; New Association Survey Finds Mix Of Layoffs, Pickup In Hiring In May

Two-Thirds of Firms Report Having Projects Delayed or Canceled Since the Start of the Outbreak as Association Calls for Measures to Revive the Economy, Boost Demand for Construction and Save Jobs

House Democrats’ Coronavirus Measure Provides Some Relief For Contractors, But Lacks Other Steps Needed To Help Construction

Construction Official Says New Highway Funding, Employee Retention Credits and Pension Relief Will Help, But Lack of Safe Harbor Measure, Extension of Unemployment Bonus Will Undermine Recovery

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to release today of House Democrats’ Proposed Coronavirus Recovery Measure:

Decision To Extend Paycheck Protection Program Loan Return Deadline To May 14th Helps, But Clarifications Still Needed To Save Jobs

Construction Official Urges Treasury Department to Clarify Recent, Confusing, Guidance that is Prompting Many Construction Firms to Return Loans, Cut Staff Instead of Risking Prosecution

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the Treasury Department’s announcement that it will extend the deadline for allowing firms to return their Paycheck Protection Program loans from May 7th to May 14th:

Nonresidential Construction Spending Declines In March As Pandemic Halts Projects; Group Warns Loan Threats Are Hurting Relief Program

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