With COVID-19 likely to influence the business environment for the foreseeable future, contractors can look to lessons from the great recession for guidance
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.
Midwest states with large-population, metropolitan areas mostly plan to extend stay-at-home orders, while smaller population states never had a stay-at-home order to begin with or are planning to let them expire as reported cases of COVID-19 decrease.
Many areas in the Southwest have escaped the widespread government-mandated shutdowns from the coronavirus pandemic, but several key regional projects have been halted, and planned starts for others are in jeopardy.
Project delays and cancellations rose, said the mid-April analysis of 416 industry employees, but more employers plan to rehire those cut or recruit, and have adjusted to new business approaches.