Category: Financial

April 19, 2021

Most contractors won’t pay more in taxes under President Joe Biden’s $2.3 trillion infrastructure proposal, while the infusion of cash to fund more public construction projects would provide a significant upside for their businesses, according to a certified public accountant […]

April 19, 2021

Pennsylvania Gov. Tom Wolf announced today that 43 highway, bridge, rail, and bike and pedestrian projects in 21 counties were selected for $45.9 million in funding through the Multimodal Transportation Fund. Reflecting the Pennsylvania Department of Transportation’s (PennDOT) commitment to […]

April 12, 2021

When fielding a question earlier this month about reports that Department of Homeland Security Secretary Alejandro Mayorkas was considering filling “gaps” in the border wall, White House Press Secretary Jen Psaki said during a press briefing that federal agencies are […]

April 7, 2021

The work included a new, wider overpass carrying Walt Whitman Road over the Long Island Expressway in Melville and the early completion of repairs to four highway bridges that will ease travel and enhance safety along key routes for the […]

April 1, 2021

Both Nonresidential and Residential Spending Retreat from January Levels amid Extreme Winter Weather; Association Posts Inflation Alert to Aid Understanding of Squeeze on Nonresidential Construction Firms. Construction spending slumped in February as unseasonably severe weather hammered the industry and a […]

March 22, 2021

The Arizona Department of Transportation (ADOT) recently released its proposed five-year construction program that is now available for public comment. The 2022-2026 Tentative Five-Year Transportation Facilities Construction Program allocates funding for several projects to widen highways and improve safety, including: […]

February 23, 2021

The administration said the SBA will now calculate the loan amount for applicants without employees by using gross income instead of payroll. Businesses without employees were structurally excluded from the program or were approved for as little as $1 because […]

February 23, 2021

The idea of raising the federal minimum wage has received renewed emphasis this year as Democrats, historically in favor of increasing the national rate of pay, took control of the White House and Congress. Worker groups have long called for […]

February 19, 2021

Winning more construction bids isn’t a direct result of simply bidding more projects. Bidding on every project that comes your ways isn’t a smart or sustainable bidding strategy. Successful contractors know where they operate best and identify the right type […]

February 16, 2021

The new SBA data provides a snapshot of the types of businesses that received loans this year and the sizes of the loans. The average loan across all industries was $78,000, and about 70% were for less than $50,000. About […]