Finance

RSS

Inflation, rising interest rates and a possible global recession continue to top the list of forecasters’ concerns for the coming year.

Interest rates have slowed residential work, but manufacturing is up 196% this year and will remain strong in 2023, pushed by new federal incentives.

Industry praises formula funding pace, but is critical of Buy America and project review implementation.

Approved ballot measures could provide $20B for infrastructure projects.

The measure—which will fund efforts including climate change mitigation, flood risk reduction, infrastructure resilience and drinking-water protection—also includes a prevailing wage requirement.

A top industry priority: protecting IIJA funding.