Coronavirus and Construction Update: New Directive Eases Path for Smaller Paycheck Protection Loans Treasury-SBA Guideline Applies to PPP Loans Under $2 Million Tom Ichniowski May 13, 2020 No Comments But industry groups say more guidance is needed for forgiveness and loans of $2 million or more.Read More
Coronavirus and Construction With Less Driving, Where Will Funds For Road Construction Come From? Aileen Cho Tom Ichniowski Jim Parsons May 13, 2020 No Comments Decrease in driver-fueled revenue poses uncertainty for future projects as agencies await word on federal aid.Read More
Coronavirus and construction Construction Loses 975,000 Jobs in April, Due to COVID-19 Impacts Tom Ichniowski May 8, 2020 2 Comments Industry's unemployment rate jumps to 16.6% from March's 6.9%.Read More
Water Infrastructure Senate Committee Approves $19.5B Water Infrastructure Package Tom Ichniowski May 6, 2020 No Comments Legislation authorizes $4.9 billion in federal funds for 25 Corps of Engineers water projects.Read More
Coronavirus and Construction Treasury Extends PPP Repayment Deadline, but Eligibility Confusion Persists Tom Ichniowski May 5, 2020 No Comments AGC says unless Treasury clarifies new guidance, some construction firms will repay loans, lay off workers.Read More
Environment UPDATE: 17 States Sue to Derail New Trump Clean Water Rule Tom Ichniowski May 1, 2020 One Comment Litigation heats up with states' lawsuit following similar filings by environmental groups in other courts.Read More
Infrastructure Army Names New Head of Corps of Engineers Military Programs Tom Ichniowski May 1, 2020 No Comments North Atlantic Div. commander Milhorn named Corps deputy commanding general for military and international operations.Read More
Coronavirus and Construction New 'Paycheck Protection' Loan Guidelines Worry Contractors Tom Ichniowski May 1, 2020 No Comments AGC CEO cites "severe and urgent" concerns, urges Treasury Secretary to revise new PPP guidance.Read More
'Paycheck Protection' Loan Program May Soon Commit All Its Funds Tom Ichniowski April 29, 2020 No Comments Small businesses,including many in construction and engineering, have quickly lined up to apply for a second round of Paycheck Protection Program loans after Congress approved $310 billion to restart the popular program.Read More
Coronavirus and Construction Update: Trump Signs Bill to Add $310B to 'Paycheck Protection' Loan Program Tom Ichniowski April 24, 2020 No Comments Construction groups now hope to see substantial infrastructure funding in a future, as yet undrafted, bill.Read More