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The term “construction” appears 636 times in the $908 billion pandemic relief package and $1.4 trillion omnibus spending bill passed by Congress and signed by President Donald Trump at the end of December.
In other words, while the relief package was less than half the size of the initial $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act, there’s still plenty in the overall bill for contractors to be happy about.
“Lots of construction spending is always a good thing, as long as everyone has access to it,” said Kristen Swearingen, vice president of legislative and political affairs at Associated Builders and Contractors. Her cautionary tone refers to the Protecting the Right to Organize Act, which many nonunion contractors oppose, potentially being passed in the 117th Congress after Democrats regained control of the Senate this week.
An economic development incentive that has played a pivotal role in downtown Fort Wayne s renaissance will continue through 2025 as part of the federal pandemic relief package.
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Just before midnight on December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (the “Act”), a nearly 5,500 page stimulus bill allocating roughly $900 billon of much needed relief to United States businesses and individuals while funding the federal government until September 2021.[1] Six days later, President Trump signed the Act into law. The bipartisan Act touches many industries ranging from agriculture to financial services, and provides multiple forms of relief, including increasing funds reserved for PPP loans, providing direct payments to individuals, relaxing certain accounting and taxation requirements, and allocating funds to the hardest hit industries such as small businesses, entertainment venues and nonprofits.
St. Louis developer Green Street forms new practice — called Emerald Capital bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.