Close Menu
AGC NewsAGC News
  • Home
  • News
    • Advocacy
    • Economics
    • Energy & Environment
    • Infrastructure
    • Building
    • Procurement
    • Labor & HR
    • Safety & Health
    • Technology
    • Workforce Development
  • AGC Videos
  • Constructor Magazine
    • Digital Publications
    • Online Exclusives
    • Sponsored Content
  • ConstructorCast
  • News Releases
Latest News

AGC Tech Conference: Measuring A.I.’s Impact

May 30, 2025

Trump Administration Pauses Enforcement on Portions of the Mental Health Parity Rules

May 29, 2025

AGC Supports the Rollback of Beneficial Reporting Requirements under the Corporate Transparency Act; Urges President Trump to go further.

May 29, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
AGC NewsAGC News
  • Home
  • News
    • Advocacy
    • Economics
    • Energy & Environment
    • Infrastructure
    • Building
    • Procurement
    • Labor & HR
    • Safety & Health
    • Technology
    • Workforce Development
  • AGC Videos
  • Constructor Magazine
    • Digital Publications
    • Online Exclusives
    • Sponsored Content
  • ConstructorCast
  • News Releases
AGC NEWSLETTERS
AGC NewsAGC News
Home » Nonresidential Construction Spending Declines In March As Pandemic Halts Projects; Group Warns Loan Threats Are Hurting Relief Program
Economics

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
May 1, 2020Updated:November 22, 2023No Comments1 Min Read
Facebook Twitter LinkedIn Email
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
Share
Facebook Twitter LinkedIn Email

Numerous impediments to completing construction projects led to declines in most categories of private construction spending in March, according to an analysis by the Associated General Contractors of America of government data released today. Association officials warn that the Treasury Department’s threats to audit or prosecute some Paycheck Protection Program loan recipients and deny loan recipients tax deductions are making it harder for construction firms already coping with declining private-sector demand to retain staff.

“Unfortunately, these numbers are only the beginning of what seems sure to be a steep decline in construction spending as current projects finish and new work is canceled or postponed indefinitely,” said Ken Simonson, the association’s chief economist.  “Our latest survey found that projects as far out as June or later were being canceled last month.”

Read more.

Building Federal/Heavy Highway Infrastructure Utility
Share. Facebook Twitter LinkedIn Email

Related News

AGC Supports the Rollback of Beneficial Reporting Requirements under the Corporate Transparency Act; Urges President Trump to go further.

May 29, 2025

SCOTUS Narrows the Scope of Environmental Review

May 29, 2025

Construction Jobs Increase In 184 Metro Areas Between April 2024 And April 2025

May 28, 2025

DOD and GSA Must Follow PLA Mandate for Now, Court Rules

May 27, 2025
Add A Comment
Leave A Reply Cancel Reply

Latest News

AGC Tech Conference: Measuring A.I.’s Impact

May 30, 2025

Trump Administration Pauses Enforcement on Portions of the Mental Health Parity Rules

May 29, 2025

AGC Supports the Rollback of Beneficial Reporting Requirements under the Corporate Transparency Act; Urges President Trump to go further.

May 29, 2025

Your source for AGC news. Find us on social media to learn more about the Associated General Contractors of America.

Connect with us:

Facebook X (Twitter) Instagram YouTube LinkedIn
© 2025 Associated General Contractors of America.
  • Home
  • AGC.org
  • Get In Touch
  • Convention
  • Notice of Permission to Use
  • Privacy Policy
  • Antitrust Policy

Type above and press Enter to search. Press Esc to cancel.