Economy

Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement supporting introduction of legislation to strengthen manufacturing by U.S. Senator Gary Peters of Michigan: "The Association of Equipment Manufacturers commends the introduction of the National Institute of Manufacturing Act to strengthen the manufacturing sector and ensure the future competitiveness of U.S.

The American Association of State Highway and Transportation Officials sent a letter to Congressional leadership on April 6 requesting the immediate emergency injection of $49.95 billion to offset an estimated 30 percent loss in state transportation revenues over the next 18 months.

On April 14 President Donald J. Trump announced many of the esteemed executives, economists, scholars and industry leaders who together will form various Great American Economic Revival Industry Groups. These bipartisan groups of American leaders will work together with the White House to chart the path forward toward a future of unparalleled American prosperity.

The Association of Equipment Manufacturers (AEM) is calling on the federal government to develop and implement a comprehensive national strategy for manufacturing to strengthen the economy, create new jobs and opportunities, and ensure the United States is the best place in the world for equipment manufacturers to innovate, manufacture, and do business.

With the COVID-19 health crisis front and center, many people in the heavy construction industry see a U.S. Congressional stimulus package as a means of funding the nation's roads and bridges. Efforts to bolster an economy buckled by the coronavirus, as well an uptick in non-traditional funding partnerships, present opportunities to reshape our country's surface transportation financing picture.

Construction economists are not sugarcoating their outlook on the industry in 2020. The Equipment Leasing & Finance Foundation (ELFF) forecasts slower growth in the economy next year, and predicts equipment investment will be weak. The Associated General Contractors and the Association of Equipment Manufacturers also expect moderate growth in the construction market.

New construction projects have been booming in North Texas due largely in part to a boom in commercial building throughout the region. According to a new report released by national research firm Dodge Data & Analytics, construction in the Dallas-Fort Worth metropolitan area increased by 5 percent from November 2018 to November of this year.

With 2020 nearly upon us, construction industry executives are wondering what the new year holds for them. They are attending presentations by economists, peering into crystal balls and otherwise anxiously looking into the future. On the other hand, some are just looking to California for insight.

The equipment and event rental industry in North America is expected to finish the year with total revenue up 5.35 percent to $61.56 billion, the first time combined rental revenue for Canada and the United States has surpassed $60 billion, according to the latest forecast released by the American Rental Association (ARA).

ATHENS, Ga. (AP) A proposed 6,000-seat arena would be booked 300 days a year, helping local hotels and other businesses, Athens civic leaders said. The executive director of the existing events center called The Classic Center said an arena could generate more than 600 jobs and have a $33 million impact on the local economy.

ANCHORAGE, Alaska (AP) — A recent report shows spending on construction in Alaska is expected to increase by 10 percent this year, a sign the state's struggling economy is on the rebound. The forecast from the Institute of Social and Economic Research at the University of Alaska shows the value of "on the street" construction spending is expected to be $7.2 billion, The Anchorage Daily News reported.