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
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 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
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
Construction Labor Iron Workers Pension Plan Members Vote to Cut Benefits Cleveland local's action is first cut under 2014 multiemployer pension law Tom Ichniowski January 28, 2017 One Comment Pension advocacy group says local's early retirees would be hit particularly hard, facing cuts of up to 60%.Read More
Infrastructure Projects Study: 40 Projects Promise Big Economic Boosts, But Face Hurdles Treasury: Lack of funds is key factor holding up most projects Tom Ichniowski January 6, 2017 One Comment Report says infrastructure projects' capital costs total $330 billion; benefits range from $500 billion to $1 trillion.Read More
Construction Unions Treasury OKs Construction Union Pension Plan's Benefit-Cut Request Ironworkers local's pension-plan members to vote on the proposed reductions Tom Ichniowski December 27, 2016 One Comment Decision is Treasury's first benefit-cut approval under 2014 multi-employer pension law.Read More