Coronavirus and Construction First Look at Long List of AEC Firms Receiving PPP Loans Scott Blair Tom Ichniowski July 7, 2020 2 Comments Paycheck Protection Program loans are viewed as one factor driving construction's strong employment gain in June.Read More
Coronavirus and Construction Trump Signs Bill Extending Paycheck Protection Loan Deadline to Aug. 8 Tom Ichniowski July 4, 2020 No Comments About $138.4 billion in loan funding for COVID-19 impacts was still available at business close on June 30, said the US Small Business Administration.Read More
Construction Spending Fell in May, U.S. Commerce Dept. Reports Alisa Zevin July 2, 2020 No Comments Private work is down, while public construction rates increase.Read More
Coronavirus and Construction Senate, House Approve Extension for Paycheck Protection Program Loans Tom Ichniowski July 1, 2020 No Comments Measure, which would allow loan applications through Aug. 8, awaits Trump's signature.Read More
The Nation's Infrastructure Democrats Push $1.5T Infrastructure Bill Through House But Face GOP Wall in Senate Tom Ichniowski July 1, 2020 No Comments House package has $494 billion for highways, transit and rail but also funds water, airports, energy and other sectors.Read More
Project Finance Banks See Rise in Delinquent Construction Loans. Don't Panic. Richard Korman June 30, 2020 No Comments The pandemic has accelerated the number of loans in default, says a new report.Read More
Coronavirus and Construction COVID-19 Intensifies Infrastructure Funding Problem, ASCE Says Tom Ichniowski June 24, 2020 No Comments Report recommends that Congress pass legislation providing increased funding for a range of infrastructure sectors.Read More
Politics House Democrats Unveil Specifics for Broad $1.5-Trillion Infrastructure Package Tom Ichniowski June 22, 2020 One Comment Mega-bill would join $494-billion highway-transit-rail measure with tens of billions for water, airports, schools and other sectors.Read More
Coronavirus and Construction Construction's Paycheck Protection Loan Volume Climbs 42% Since April Tom Ichniowski June 22, 2020 No Comments Despite rise in volume, construction's ranking dips to third among industries, from first in mid-April.Read More
Feds Advance $767M to Move Major NJ Rail Bridge Fix to Engineering Stage Debra K. Rubin June 21, 2020 One Comment DOT's June 19 action on Portal North Bridge follows Trump tweeted approval, but no commitment to $12B Hudson River tunnels.Read More