Author: agcnews

AGC of America has created a special report called We Kept America Building. This new report details AGC of America’s response to the Coronavirus and highlights examples of how AGC has supported the industry during the pandemic. Click HERE to view the full report. We have also created a short video: The following one-pager for AGC chapters can be used to highlight local efforts and how they kept contractors from their states working during the pandemic. Click HERE to download the interactive PDF file.

On July 28, AGC joined fellow construction employer groups and building trades unions in support of new retirement plans, Composite Plans, which enjoy bipartisan backing in Congress. These groups recognize the importance to preserve lifetime retirement benefits for millions of working men and women and will continue to advocate for pension reform in COVID-19 relief packages. The construction groups and unions take direct aim at opponents of Composite Plans who have failed to provide any legitimate criticism of the composite plan design plan model. An additional Composite Plan resource from June included new analysis that found Composite Plans would have fared better during the…

On July 29, the House of Representatives unanimously passed the AGC-backed Water Resources Development Act of 2020 (H.R. 7575), which would authorize investment in 34 new Army Corps of Engineers Civil Works construction projects. Both the Senate (S. 3591) and House versions of WRDA adjust the cost-share from 50% for Inland Waterways Trust Fund (IWTF)/50% General Revenues to 35% IWTF/65% General Revenues, which could potentially provide $1 billion in additional construction funds over 10 years. This important reform will assist local governments which are expected to have less revenue due to economic impact of COVID-19. The House version provides the authority to…

One provision that was unfortunately not included in the Senate Republican Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, was the overturning of an Internal Revenue Service (IRS) ruling related to the deductibility of expenses associated with income from Paycheck Protection Program (PPP) loan forgiveness. Despite clear congressional intent to ensure that PPP loan forgiveness be untaxed, earlier this year the IRS ruled that any expenses associated with PPP loan forgiveness were not deductible. In May, AGC led a coalition effort with 152 trade associations, calling for congressional action to overturn this ruling. The Democratically-introduced and supported HEROES Act, which passed the House of Representatives earlier…

The Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, introduced on July 27 by Senate Republicans, would allow certain small businesses to apply for a second Paycheck Protection Program (PPP) loan. To qualify for a “second draw loan” a business would need to meet more restrictive criteria than those for the original PPP. The business would need to meet applicable SBA size standards, have no greater than 300 employees, and demonstrate a greater than 50 percent reduction in wages. The loan size would be capped at $2 million and could not exceed $10 million when combined with a business’s original PPP loan. Additionally,…

The Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, introduced on July 27 by Senate Republicans, contains AGC-supported changes to the Employee Retention Tax Credit (ERTC), similar to what was included in the HEROES Act which was passed out of the Democratically-controlled House of Representatives earlier this year. The changes would increase the maximum tax credit available to employers affected by COVID-19 from 50 percent of $10,000 of employee wages (or $5,000), to 65 percent of $30,000 in employee wages over three calendar quarters (or $19,500). The HEALS Act would also ease eligibility for the ERTC and allow larger employers…

On July 27, Senate Republicans unveiled their version of a $1 trillion COVID relief bill called the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act. In line with AGC recommendations, the bill includes a transition away from the CARES Act $600 per week federal unemployment insurance (UI) benefit, improvements to and an expansion of the employee retention tax credit, the opportunity for businesses to apply for a second Paycheck Protection Program (PPP) loan, liability protections for businesses, and investments in career and technical training. However, the HEALS Act, like the House Democratic COVID-relief bill (the HEROES Act), includes little in…

New York City and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Austin and Walla Walla, Wash. Top Job Gainers; 81 Percent of Metros Add Construction Jobs from May to June Construction employment decreased in 225, or 62 percent, out of 358 metro areas between June 2019 and last month despite widespread increases from May to June, according to an analysis of new government data that the Associated General Contractors of America released today. Association officials urged government officials to enact liability reform, boost infrastructure investments and extend tax credits to help the industry recover and rebuild. “It’s troubling to see construction employment…

The HEALS Act Includes Essential Liability, Workforce, Financial & Unemployment Reforms, But Association Will Work to Get Needed Infrastructure Investments Included in Final Relief Measure The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of Senate Republican’s latest coronavirus relief measure, the Heals Act: “Senate Republicans have crafted a relief measure that includes a number of vital provisions that will allow hard-hit construction firms to begin rebuilding their businesses and payrolls. Among the most promising of these provisions are liability reforms so construction firms that…

The COVID-19 response in the Philadelphia region has left young construction professionals working under strict safety protocols, working from home, or even temporarily out of work. In response, GBCA’s CLC moved all its activities, including community service, online. Every June, GBCA’s CLC supports Alex’s Lemonade Stand, a Philadelphia-based nonprofit that raises research funds and awareness for childhood cancer. Usually, fundraising kicks off at GBCA’s Golf Outing and continues with a lemonade stand outside of GBCA’s offices in Philadelphia. This year, GBCA had to cancel its Golf Outing, and Philadelphia’s stay-at-home orders meant that the traditional Lemonade Stand on the sidewalk…