For engineering and construction groups, new federal guidance for forgivable loans less than $2 million under the Paycheck Protection Program was welcome news.
Five regions of New York, but not NYC, open nonessential construction sites on May 15; all New Jersey projects will restart on May 18, with all public permit approvals now extended.
Contractors experienced less demand and approximately 13% of the construction workforce was laid off as the coronavirus pandemic took hold in the US, the Associated General Contractors of America reported.
The industry that engineers, builds, finances and operates U.S. infrastructure can shorten the recession by leading a "Marshall Plan" now for critical investment and rebuilding.