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When will contractors see a boost of infrastructure dollars?

November 29, 2021

When the American Recovery and Reinvestment Act of 2009 passed, the public construction firms eagerly anticipated a windfall of funding and new projects.

But then localities shifted the projects to other priorities. The Recovery Act “really amounted to a pretty anticlimactic impact for the large, publicly traded companies,” said Sean Eastman, equity research analyst at Cleveland-based corporate and investment bank KeyBanc Capital Markets.

But Eastman thinks the recently signed Infrastructure Investment and Jobs Act should be different.

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