In the next administration, AGC says it will focus on targeted spending initiatives as it works in support of construction priorities that will boost the overall economy and create jobs.
Contractors of Americareacted to the presidential and congressional election
results with plans to continue its 90-year history of working in a bipartisan
fashion to promote the needs of the nation's construction industry.
construction economy supports the American economy," said AGC chief
executive officerStephen E. Sandherr. "In the next
administration, AGC will focus on targeted spending initiatives as it works in
support of construction priorities that will boost the overall economy and
AGC's chief economistKen
Simonsonforecasts a potentially long slide in construction spending.
AGC reports it would like to see that slide reversed with a significant
injection of construction stimulus spending. “Construction is an economic
catalyst with more than $1 trillion worth of construction put in place last
year (about 8.4% of GDP), employing 7.3 million people and providing strong
careers for entrepreneurs,” AGC announced.
specific efforts AGC looks forward to are bipartisan work on pensions;
immigration; and long-term programs to invest in America's infrastructure.
strong democratic majorities in both the House and Senate, AGC will work to
show the impact of tax, health care and labor issues on the businesses that are
members of the AGC.”