Construction, infrastructure spending will create or save 2 million jobs

02/17/2009 | American City Business Journals

Construction and infrastructure spending included in the economic-stimulus package will create or save 2 million jobs in the next two years, according to the Associated General Contractors. "There's no doubt the stimulus will have a positive impact for construction businesses and their workers across the country," AGC CEO Stephen Sandherr said. The economic stimulus legislation, signed Tuesday by President Barack Obama, includes $135 billion for construction and infrastructure. AGC economist Ken Simonson believes the spending will boost personal earnings by $75 billion and add $230 billion to the gross national product.

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