Wave of Stimulus Money to Reach Infrastructure Contractors in 2010

While the article that folows says nothing that directly impacts the masonry industry, it does say quite a bit about getting the construction industry moving again. -wm

SEATTLE, WA - Onvia analysts say 2010 will be the year of maximum stimulus impact as funds that were obligated in 2009 will finally be awarded to contractors who will begin work in 2010. This, coupled with the investments covered by the pending Jobs for Main Street Act, will help fund projects from bridge construction to light rail, and Amtrak fleet modernization to fuel efficient vehicle purchases. Onvia is the leader in business-to-government solutions and the creator of Recovery.org, a private sector initiative to give businesses transparency into recovery project spending.

"Despite all of the talk about the stimulus working, our research shows most of the funds have not left Washington, although they will in 2010," said Mike Pickett, CEO of Onvia. "This year we are tracking 23,500 new projects in the pipeline, and there is $76 billion in stimulus funding that will reach contractors on these projects this year, creating 480,000 jobs in the construction industry. Indirect jobs lift the total to 900,000 in 2010."

http://www.forconstructionpros.com/online/Construction-News/Wave-of-Stimulus-Funding-to-Reach-Infrastructure-Contractors-in-2010/4FCP15149