Trump Win Elicits Optimism, Concern Among Contractors
Date Posted: November 7, 2024
Posted In: Discussion,
From Construction Dive: Construction firm leaders and industry groups expressed optimism and some concerns following Donald Trump’s election victory this week.
An expectation of a more favorable regulatory environment generated several positive reactions.
“We are ready to work with the incoming administration and Congress to help craft an agenda that is focused on easing regulatory obstacles that are needlessly delaying infrastructure and economic development projects across the country; continuing to invest in improving infrastructure; and addressing construction workforce shortages,” said Jeffrey Shoaf, CEO of the Associated General Contractors of America, in a statement to Construction Dive. “To that end, we are eager to work with the president-elect as he and his team fashion their economic and regulatory agendas.”
Michael Bellaman, CEO at Associated Builders and Contractors, said Trump’s commitment to supporting free enterprise and workforce development gives the construction employer trade group confidence for continued construction growth.