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Two Flintco Construction Workers

How has the coronavirus affected the local construction industry?

March 27, 2020 | Comments Off on How has the coronavirus affected the local construction industry?

Superintendents are ensuring job sites could be abandoned indefinitely at the end each day; infrared thermometers are checking some workers’ temperatures before they enter sites; and some tasks are being moved to nighttime.The global pandemic has required local contractors to take numerous precautions. The Memphis Business Journal asked executives at four local construction firms about sourcing materials, staying safe, and other concerns of the past couple weeks. Here’s what they said.

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Senate Approves $2.2 Trillion Economic Stimulus Package

March 26, 2020 | Comments Off on Senate Approves $2.2 Trillion Economic Stimulus Package

The Senate shortly before midnight voted unanimously to approve a $2.2 trillion economic stimulus package in response to the coronavirus pandemic that has wreaked havoc on the U.S. economy. The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several provisions to help small businesses and those engaged in the residential construction sector.

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Photo of Tennessee Governor Bill Lee

Governor Lee Provides Update on COVID-19 relief

March 24, 2020 | Comments Off on Governor Lee Provides Update on COVID-19 relief

Lee is mobilizing the National Guard to help with testing. 250 personnel, including 150 medical personnel, are getting ready to help 35 remote testing facilities in rural parts of the state.

Lee also extended the statewide school closure to April 24, 2020. The Department of Education is now partnering with PBS to offer instructional content on television while students are out of the classroom.

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Rising Headwinds Exist for Housing Construction

March 18, 2020 | Comments Off on Rising Headwinds Exist for Housing Construction

According to estimates from the Housing and Urban Development and Commerce Departments, single-family starts expanded in February. Construction activity was accelerated earlier in the year due to warmer weather. Despite the strong start for 2020, significant and rising headwinds exist for housing construction due to coronavirus mitigation efforts.

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House Passes Coronavirus Bill

March 17, 2020 | Comments Off on House Passes Coronavirus Bill

The House recently passed a bill that would guarantee free coronavirus testing, establish paid leave for all employees and enhance unemployment insurance. The Senate is expected to pass the bill in the coming days, and President Trump has indicated his support. The three major components of this bill that will affect businesses of all sizes include: paid family and medical leave; paid sick leave; and new tax credits.

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