A traditional infrastructure plan that invests in roads and bridges could increase employment in the short term, but the Trump administration and new Congress should also focus on the building blocks of innovation, such as research & development and technology-enabled “smart” public works because they can support a more robust economy long term, contends the Information and Technology Innovation Foundation (ITIF), Washington, D.C.
Read MoreTag: investment
ConExpo-Con/Agg positioned as decade’s best capital investment barometer
Sources: CP staff; Association of Equipment Manufacturers, Milwaukee
After a second consecutive year where concrete, cement and aggregate interests saw modest shipment gains–while overall construction industry increases in 2013 reached the 7-8 percent range–producers are positioned to act on plant and fleet equipment investment carrying them through the growth phase projected for the remainder the decade.
Read MoreBayshore Concrete commits to $4 million flagship plant, harbor investment
Sources: Office of Virginia Governor Terry McAuliffe; CP staff
In conjunction with the Commonwealth of Virginia, Bayshore Concrete Products has announced an upgrade of its Cape Charles headquarters operation, along with infrastructure improvements in the harbor connecting the site to the Chesapeake Bay.
Read MoreHamilton Form ‘voids’ productivity limits at Unistress
Computer chip manufacturer Global Foundries began building its Fab 8 project in Saratoga County, N.Y., in 2009—the $4 billion-plus project representing the largest private capital investment in the U.S. against the prior year’s financial markets distress.
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