California has had some tight times. But the news is good for the construction industry. The American Recovery and Reinvestment Act has given about hundreds of millions to construction projects in California alone. This will create about 11,000 construction jobs.
CalTrans reported that they will spend the first wave of funds, $625 million, on 57 highway projects. Merced County will spend $46.7 million to replace bridges, which will create over 800 jobs.
For more information on what industries, including the construction industry, will receive, visit www.EconomicStimulusInfo.com/about.html.
Brad Harmon is the President at a leading financing company, First Star Capital (www.firststarcapital.com). Brad is a frequent contributor to online publications and newsletters, and is the author of this blog on commercial financing topics.
First Star Capital is a commercial lender with a specialty focus in equipment financing and leasing. Our clients include businesses from a range of industries throughout the country. We are dedicated to timely actions and the ultimate success of our customers. First Star values your business and will go above and beyond the call of duty to exceed expectations. For more information go to www.firststarcapital.com.
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