Georgia: Peachy Again? There’s no doubt that 2009 was a tough year for Georgia contractors and design firms. McGraw-Hill Construction estimates the value of new 2009 contracts tallied just $12.2 billion, or 30% lower than 2008’s $17.5 billion—and less than half the amount generated during 2007.
The coming construction season should offer some relief. According to McGraw-Hill Construction, the total value of new Georgia construction contracts should jump by 24% overall and tally $15.2 billion. That’s still a historically modest figure, but likely welcome.