Associated general contractors of america - Articles - Page 7

Worker Hour Changes for the Week of March 30

AGC, Procore Provide Insights About Loss of 975,000 Construction Jobs, Northeast Hardest Hit

AGC Online User Data Shows Shifts Created by Loss of Projects

May 13, 2020

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.

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.

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%.

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.

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.

Coronavirus & Construction

Nearly 40% of Firms Have Laid Off Workers, New AGC Survey Says

April 14, 2020

The survey also revealed a steep increase in the share of firms reporting that an owner had canceled an upcoming project.

ENR Mountain States COVID-19 Unemployment

Nearly 40% of Contractors Have Laid Off Workers, AGC Survey Says

April 13, 2020

No Comments

An April 10 survey from AGC revealed that 53% of firms report they have been directed to cancel current projects or work scheduled to start within 30 days.