Author: agcnews

As construction continues to be an essential industry in helping our nation’s economic recovery, firms are fighting the growing workforce shortage and looking to recruit more women than ever before. Women are making an impact in the industry by bringing new skill sets, opinions, and experiences into the office and the field – and a diverse workforce leads to stronger companies. Yes, there are certainly challenges. But perceptions and cultures are changing. During “Women in Construction Week 2021,” AGC’s ConstructorCast celebrates the successes and talks about what women have done to further the industry. In this episode, leading women –…

Late last week, the Associated General Contractors of America (AGC) continued its campaign to persuade the U.S. Small Business Administration (SBA) to change the way it decides whether to forgive Paycheck Protection Program (PPP) loans of over $2M. The specific target of AGC’s campaign is a Loan Necessity Questionnaire that has greatly surprised and frustrated the borrowers of such loans, as they now seek forgiveness of them. AGC continued its campaign with a second set of extensive comments on the SBA form, which the agency intends to help it evaluate the certifications that borrowers had to make –…

As construction continues to be an essential industry in helping our nation’s economic recovery, firms are fighting the growing workforce shortage and looking to recruit more women than ever before. Women are making an impact in the industry by bringing new skill sets, opinions, and experiences into the office and the field – and a diverse workforce leads to stronger companies. Yes, there are certainly challenges. But perceptions and cultures are changing. During “Women in Construction Week 2021 (March 7-13, 2021),” AGC’s ConstructorCast celebrates the successes and talks about what women have done to further the industry. In this episode,…

Construction spending rallied in January as private nonresidential construction increased for the first time in seven months, according to an analysis of new federal construction spending data by the Associated General Contractors of America. Association officials said that nonresidential construction spending remains below pre-pandemic levels and that rising materials prices and proposed labor law changes threaten the sector’s recovery. “Despite a modest upturn in January, spending on private nonresidential construction remained at the second-lowest level in more than three years and was 10 percent below the January 2020 spending rate,” said Ken Simonson, the association’s chief economist. “All 11 of…

Construction employment declined by 61,000 in February, while the sector’s unemployment rate soared to 9.6 percent amid severe winter weather and continuing weakness in new nonresidential projects, according to an analysis by the Associated General Contractors of America of government data released today. Association officials urged Congress and the Biden administration to focus on new infrastructure funding, address rising materials prices and avoid disruptive measures like the PRO Act to stem further construction job losses. “The steep decline in construction employment in February continues a downward trend in nonresidential activity that began before the disruptions caused by last month’s freezes…

Democratic leadership introduced an updated version of the “Climate Leadership and Environmental Action for Our Nation’s” (CLEAN) Future Act, that sets a goal to cut national greenhouse gas emissions in half by 2030 and net zero by 2050. The massive bill authorizes $565 billion over a decade, an increase from the $316 billion proposed in last year’s version of the bill, to meet the goals. A substantial amount of the proposed funding is designated for utility infrastructure, particularly energy, water, climate resiliency and environmental justice related sectors. The bill also includes a substantial number of new requirements for some new programs,…

The Senate is currently considering the latest COVID relief bill, which includes a new round of multiemployer pension relief. The bill would create a Special Financial Assistance Program for struggling multiemployer pension plans. Under the Special Financial Assistance Program eligible plans include critical and declining plans, some critical plans and a few endangered plans would receive a one-time lump sum payment that is equal to the amount of funding needed to pay benefits through 2051 (30 years). The proposal does not include any concept of repayment for this assistance. Starting in 2031 the Pension Benefit Guaranty Corporation premiums would be…

In response to a directive from President Biden, the U.S. Department of Labor (DOL) issued guidance to state unemployment insurance agencies that expands the number of instances in which workers may be eligible for Pandemic Unemployment Assistance (PUA). These newly eligible workers self-certify that they refused to work or accept an offer of work at a worksite not in compliance with coronavirus health and safety standards, with states being responsible for investigating and accepting or denying claims. The new guidance expands eligibility to three categories of workers: The Unemployment Insurance Program is a federal/state partnership. PUA is 100 percent federally funded and…

The COVID-relief bill moving through Congress does not include a federal paid leave mandate. However, it does include an extension of the Families First Coronavirus Response Act (FFCRA) refundable tax credits from March 31, 2021 through September 30, 2021 for those employers that follow those expired mandates. Additional information and guidance on FFCRA and the tax credits can be found on the Department of Labor website and Internal Revenue Service website. However, the tax credits included in the COVID-relief bill would also increase the amount of wages for which an employer may claim the paid family credit in a year from $10,000 to $12,000 per…

On February 27, the U.S. House passed President Biden’s $1.9T COVID-relief bill by a 219-212 vote, mostly along party lines. The measure is now soon to be considered by the Senate. On the infrastructure front, the package would provide: $30 billion to public transit programs, $8 billion to airports and $1.5 billion to Amtrak. The vast majority of those funds would go to maintaining existing operations, not capital construction. The measure would also provide $350 billion for state and local governments. The state and local funding would be distributed as follows: While some have pointed to this funding as a means of…