While lawmakers plan another round of stimulus legislation to combat rampant unemployment and help struggling businesses, there is still a lot to unpack for the construction industry around the last one—the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
The largest stimulus of its kind in U.S. history, the CARES Act is designed to put money and resources into the hands of individuals and businesses as the nation grapples with the coronavirus pandemic. With cities, counties, and states issuing stay-at-home or shelter-in-place orders, construction projects from coast-to-coast have been put on hold, delayed, or canceled.
