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 growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.