February 26, 2010
Phoenix Business Journal - by Kent Hoover
WASHINGTON -- About 23,500 infrastructure projects funded by the economic stimulus bill will begin this year, according to a study by Onvia Inc., a Seattle company that tracks stimulus spending.
These jobs will put $76 billion in the hands of contractors and create 480,000 construction jobs, according to Onvia.
“Despite all the talk about the stimulus working, our research shows most of the funds have not left Washington, although they will in 2010,” said Onvia CEO Mike Pickett.
“We also expect competition for these contracts to be fierce as more businesses seek to capitalize on the irresistibly large market created by government spending,” he said. “It will remain a buyer’s market as more companies follow the money and competition keeps a lid on costs.”...
FULL ARTICLE
Posted on
Friday, February 26, 2010
by Crystal Drwenski