Author: agcnews
Construction sector employment rose by 8,000 jobs in October following a small increase in spending in September as the industry hiked hourly wages at a faster rate than other industries, according to an analysis of new government data the Associated General Contractors of America released today. Association officials said employment gains for the month were likely impacted by hurricanes hitting fast growing regions and the ongoing impacts of construction labor shortages. “The job gains in construction occurred even though hurricanes in the Southeast probably dragged down hiring in previously fast-growing states,” said Ken Simonson, the association’s chief economist. “Contractors are…
In response to two new Freedom of Information Act (FIOA) requests, the Office of Federal Contract Compliance Programs (OFCCP) is offering all federal government contractor organizations 40 days from October 29, 2024 (deadline December 9, 2024) to file written objections to the OFCCP’s anticipated disclosure of the 2021 EEO-1, Type 2 Consolidated Reports. The Type 2 Reports include data for all employees of the company (i.e., all employees at headquarters as well as all establishments) categorized by race/ethnicity, sex, and job category. For those that objected to the release in response to previous FOIA requests, (more info here) you must…
Getting Ahead of OFCCP’s Resurrected Monthly Employment Utilization Reports: With re-implementation of required Monthly Employment Utilization Reports expected in the near future and the burden being entirely on contractors to properly gather the data for submission, we want to help members get ahead and be prepared. OFCCP Gives Contractors 40 Days to Object to Release of Their 2021 EEO-1 Reports: The OFCCP is offering all federal government contractor organizations until December 9, 2024, to file written objections to the OFCCP’s anticipated disclosure of the 2021 EEO-1, Type 2 Consolidated Reports. On Thursday, November 21, at 2:00 PM EST, join…
On Monday, October 14, AGC submitted comments to the Committee on Ways and Means “tax teams.” These teams, started by Chairman Jason Smith (R-Mo.) earlier this year, have solicited input from interested parties about legislative priorities going into 2025, when many important provisions from the 2017 Tax Cuts and Jobs Act (TCJA) expire. This is a second in a series of in-depth reviews of some of these priorities to highlight certain tax provisions that have proven to be important to the industry over the previous seven years. Today’s section will focus on “expensing,” which is the ability of businesses to fully…
Apply by Friday, November 8, 2024! Deadline has been extended to November 8, it’s not too late to spotlight your achievements. The Baldwin Group Build America Awards (including the Marvin M. Black Partnering Excellence category) and AGC in the Community competitions recognize the nation’s most impressive construction projects ranging across the building, highway and transportation, utility infrastructure, and federal and heavy divisions; those contractors excelling in their partnering and collaborative endeavors; and the charitable contractors and chapters giving back to their communities. The AGC Diversity & Inclusion Excellence Awards recognize contractors that are champions in advancing diversity and inclusion within…
Construction employment rose in 227, or 63 percent, of 358 metro areas between September 2023 and September 2024, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted that more metros would have construction employment gains if public officials provided more opportunities for individuals to acquire needed skills. “Every month, more than 60 percent of metro areas record year-over-year increases in construction employment,” said Ken Simonson, the association’s chief economist. “But contractors consistently say they can’t find enough qualified workers despite paying wages that far exceed the private sector average.” Read…
Deadline is fast approaching!! We strongly encourage AGC member companies in good standing who meet the competition requirements to apply online for some much-deserved recognition for their outstanding projects. The Baldwin Group Build America Awards (including the Marvin M. Black Partnering Excellence category) and AGC in the Community competitions recognize the nation’s most impressive construction projects ranging across the building, highway and transportation, utility infrastructure, and federal and heavy divisions; those contractors excelling in their partnering and collaborative endeavors; and the charitable contractors and chapters giving back to their communities. The AGC Diversity & Inclusion Excellence Awards recognize contractors that are champions in advancing diversity and inclusion…
With a new president taking office and the 119th Congress convening in January, the political landscape is undergoing significant change, bringing with it a wave of new legislative and regulatory priorities. These developments have the potential to impact the construction industry, influencing everything from workforce development to expiring tax provisions and infrastructure investments. This webinar will provide the insights you need to navigate the evolving landscape and understand how these changes could affect your business. In this webinar, our speakers will provide critical insights into: Our panel will offer an in-depth look at the policies that will likely take center…
AGC recently submitted comments to the Committee on Ways and Means “tax teams.” These teams, started by Chairman Jason Smith (R-Mo.) earlier this year, have solicited input from interested parties about legislative priorities going into 2025, when many important provisions from the 2017 Tax Cuts and Jobs Act (TCJA) expire. Over the next few weeks, we will do an in-depth review of some of these priorities to highlight certain tax provisions that have proven to be important to the industry over the previous seven years. Today’s section will focus on the Section 199A “qualified business income deduction,” sometimes referred to as…
On October 15, two members of the House Committee on Ways and Means hosted dueling roundtables in St. Louis, Missouri, and Grand Prairie, Texas, featuring participation by AGC members. In St. Louis, Ways and Means Committee Chairman Jason Smith (R-Mo.), along with Representatives Darin LaHood (R-Ill.) and Ann Wagner (R-Mo.), hosted a roundtable with local business leaders, including Kelly Kenter, President & CEO of Sitelines, Inc. In Grand Prairie, Representative Beth Van Duyne (R-Texas) hosted a roundtable with business leaders from the Dallas-Fort Worth area, including Phillip Hoppman, President of Pebcor Holdings. The roundtables are part of the “tax teams” process that…