Date: 27 January 2009
He said that would include more than 620,000 construction jobs, 300,000 jobs in supplying industries and 930,000 jobs throughout the broader economy, according to the release.
“The sharp decline in construction employment and activity we have seen over the past two years mean that the sector has plenty of capacity to quickly take on new projects,” Fuller told the House Committee on Transportation and Infrastructure, according to the release. “Two years ago these kinds of investments might have trickled out the door, but in today’s climate, they are going to flood out into the economy.”
In addition to the statutory spending deadlines being considered, the new infrastructure investments would flow quickly because an unusually high number of companies and workers are available to begin work immediately, Fuller said.
The construction industry has plenty of capacity to handle the range of infrastructure projects being considered in the stimulus legislation, Fuller said. The planned infrastructure funding would account for approximately 9 percent of current construction funding nationwide at a time when construction output is down 14 percent and employment in the constructions sector, he said in the release.
Add new comment