News

AGC Unveils Construction Recovery Plan as Construction Employment Declined in 324 Cities in August

AGC unveiled a new plan designed to revive the hardest hit sector of the economy, the nation's construction industry. The plan, "Build Now for the Future: A Blueprint for Economic Growth," is designed to reverse predictions that construction activity will continue to shrink through 2010, crippling broader economic growth.Federal action on the mix of new incentives, tax cuts, policy revisions and infrastructure investments outlined in the plan are needed to stem the dramatic decline in construction activity and employment taking place nationwide. AGC's analysis of federal employment data found construction employment declined in 324 of 337 metropolitan areas between August 2008 and 2009. AGC released the plan during a news conference at a stalled construction site in Sparks, Nev., a city that lost 35% of its construction work force. The news was covered by theAssociated Press, Las Vegas Review-Journal, Miami Herald and San Antonio Express News, to name a few. Local television stations covered the event as well.