According to the Associated General Contractors (AGC) of
America, the federal economic stimulus plan appears to be having
little influence on construction companies' ability to hire new
Stephen E. Sandherr, AGC's chief executive officer, says 36
percent of construction companies with stimulus-funded work plan to
hire new employees and points out that nearly the same percentage
of firms without stimulus-funded work plan to hire during the same
period. Additionally, 36 percent of construction companies with
stimulus-funded work plan to purchase new equipment and supplies;
43 percent of construction companies without stimulus-funded work
plan to make similar purchases during the same time period.
Sandherr claims one reason the stimulus plan is having a limited
effect on construction hiring and purchasing patterns is that
outside of the transportation sector, few of the stimulus plan's
authorized construction dollars have resulted...
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