The Associated General Contractors of America (AGC) reacted to the presidential and Congressional election results with plans to continue its 90 year history of working in a bipartisan fashion to promote the needs of the nation's construction industry.
"The construction economy supports the American economy," said AGC Chief Executive Officer Stephen Sandherr. "In the next administration, AGC will focus on targeted spending initiatives as it works in support of construction priorities that will boost the overall economy and create jobs."
AGC's chief economist, Ken Simonson, forecasts a potentially long slide in construction spending. AGC would like to see that slide reversed with a significant injection of construction stimulus spending. Construction is an economic catalyst with more than $1 trillion worth of construction put in place last year (about 8.4% of GDP), employing 7.3 million people and providing strong careers for entrepreneurs.
AGC looks forward to bipartisan work on pensions, immigration and long-term programs to invest in America's infrastructure such as the transportation reauthorization, clean water infrastructure and investment in federal buildings. With strong democratic majorities in both the House and Senate, AGC will work to show the impact of tax, health care and labor issues on the businesses that are members of the AGC.
