Also part of the new stimulus plan are hundreds of billions of dollars in proposed tax cuts aimed at stanching job losses and prompting businesses and municipalities to make growth-producing investments. Industry officials welcome them, but some are not convinced they will have the economic impact legislators and the Obama administration envision. Photo: Mortenson Wind-power production tax credits need to be streamlined, proponents say. Related Links: Proposal in House Fires Up Debate Does Massive Spending Help or Hurt in Long Run? Modest Program Favors Jump-Start Fix-up Effort Highway Aid Has Some Strings Attached Advocates Hope To Fly, Sail or Roll
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.