flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover

Market Data

Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover

The HEALS Act includes essential liability, workforce, financial & unemployment reforms, but association will work to get needed infrastructure investments included in final relief measure.


By AGC | July 28, 2020

Courtesy Pixabay

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of Senate Republican’s latest coronavirus relief measure, the Heals Act:

“Senate Republicans have crafted a relief measure that includes a number of vital provisions that will allow hard-hit construction firms to begin rebuilding their businesses and payrolls. Among the most promising of these provisions are liability reforms so construction firms that are protecting workers from the coronavirus will not be subjected to needless litigation. The proposal also includes important improvements to the Paycheck Protection Program and a much-needed expansion of the Employee Retention Tax Credit, both of which will help protect construction jobs.

“The measure also takes a more thoughtful approach than the existing federal unemployment insurance benefit by protecting unemployed workers without creating artificial barriers to returning people to good-paying jobs in sectors like construction. And the ambitious workforce development provisions in this measure have the potential to help millions of unemployed prepare for new careers in middle-class professions like construction.

“The measure is not without flaws, however. Most troubling is the virtual lack of funding for new infrastructure improvements. State transportation officials are coping with a $37 billion funding shortfall, declining revenues and the uncertainty that comes with the September 30 expiration of the existing highway and transit law. Additionally, public school, health and broadband infrastructure need federal investment to meet the challenges of operating during and after the pandemic. Ultimately, such new investments are essential to sustaining and rebuilding the American economy, which is why we will work to ensure they are ultimately included in a final relief measure.

“This proposed measure includes many provisions that will help the construction industry and the broader American economy. Combined with new infrastructure funding, it will help workers and employers avoid further economic harm. That is why we will work with leaders in both parties and both houses to see a final, fuller, measure enacted as quickly as possible.”

Related Stories

Market Data | Jun 10, 2020

6 must reads for the AEC industry today: June 10, 2020

Singapore's newest residential district and CannonDesign unveils COVID Shield.

Market Data | Jun 9, 2020

ABC’s Construction Backlog Indicator inches higher in May; Contractor confidence continues to rebound

Nonresidential construction backlog is down 0.8 months compared to May 2019 and declined year over year in every industry.

Market Data | Jun 9, 2020

6 must reads for the AEC industry today: June 9, 2020

OSHA safety inspections fall 84% and the office isn't dead.

Market Data | Jun 8, 2020

Construction jobs rise by 464,000 jobs but remain 596,000 below recent peak

Gains in may reflect temporary support from paycheck protection program loans and easing of construction restrictions, but hobbled economy and tight state and local budgets risk future job losses.

Market Data | Jun 5, 2020

7 must reads for the AEC industry today: June 5, 2020

The world's first carbon-fiber reinforced concrete building and what will college be like in the fall?

Market Data | Jun 4, 2020

7 must reads for the AEC industry today: June 4, 2020

Construction unemployment declines in 326 of 358 metro areas and is the show over for AMC Theatres?

Market Data | Jun 3, 2020

Construction employment declines in 326 out of 358 metro areas in April

Association says new transportation proposal could help restore jobs.

Market Data | Jun 3, 2020

6 must reads for the AEC industry today: June 3, 2020

5 ways to improve cleanliness of public restrooms and office owners are in no hurry for tenants to return.

Market Data | Jun 2, 2020

Architects, health experts release strategies, tools for safely reopening buildings

AIA issues three new and enhanced tools for reducing risk of COVID-19 transmission in buildings.

Market Data | Jun 2, 2020

5 must reads for the AEC industry today: June 2, 2020

New Luxembourg office complex breaks ground and nonresidential construction spending falls.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021