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MEMBER NEWS
July is here and things are hot! The high temperatures have many seeking to enjoy the lazy days of summer with a cold beverage and a cool body of water. However, that is not the case with AGCVA. We have been busy producing results and returning value….action on behalf of our members. We are 6 months into our new strategic plan, and I am excited to give a brief report on the amazing progress being made in our three core pillars – Advocate, Grow, and Connect. Please join us in celebrating the membership anniversaries of these longtime AGCVA members! Each month, we recognize those celebrating 50 or more years, 40 years, 25 years, 10 years, and 5 years of membership. We applaud each of you for your commitment to AGCVA. By virtue of your membership, you have made the AGCVA community stronger and shown tremendous leadership and dedication to the industry. We are proud to serve each of you and we thank you for your membership in AGCVA. This year’s winners include executives in traditionally male-dominated industries – engineering, construction and maritime – as well as fields encountering staffing or financial challenges, such as health care and higher education. Some leaders have overcome challenges to achieve success, and all winners have made time for mentoring other women along the way, making sure that the doors they’ve walked through remain open to future generations.
AGCVA members recognized: Buffy Barefoot, TowneBank, Virginia Beach Marcia Conston, Tidewater Community College, Norfolk Janet Gullickson, Germanna Community College, Fredericksburg Cathy Underwood, Branch Builds, Roanoke Denise Vaughn, Ferguson Enterprises, Newport News Jen Flinchum, Keiter CPAs, Glen Allen Brenda Elliott Karp, The Breeden Co., Richmond Please join W. M. Jordan in congratulating Jonathan Galgan on his promotion to Senior Project Manager.
CEO's Corner
For more than two years the U.S. construction industry has been buffeted by unprecedented increases in materials costs, supply-chain bottlenecks, and a tight labor market. To help project owners, government officials, and the public understand how these conditions are affecting contractors and their workers, the Associated General Contractors of America (AGC) has posted frequent updates of the Construction Inflation Alert.
INDUSTRY NEWS
The U.S. construction and engineering sector is about to enter a time of infrastructure boom as the IIJA provides a $1-trillion-plus revenue opportunity for U.S. construction and engineering contractors to take on infrastructure projects.
Nonresidential construction added 16,500 jobs in June, according to the Bureau of Labor Statistics, a surge that offset 4,100 jobs lost in the residential sector. The June gains helped push the industry’s overall unemployment rate even lower, to 3.7%. That’s the lowest rate for June in the data series’ 23-year history, according to Ken Simonson, chief economist for the Associated General Contractors of America.
LEGISLATIVE & LEGAL
As we approach the second half of 2022, the construction industry continues to shift. From supply chain disruptions and inflation to a pandemic and changing workforce, it’s no surprise that workplace risks have evolved in recent years. WORKFORCE DEVELOPMENT
If employees do not feel appreciated, they might have one foot out the door – something most construction companies cannot afford to risk right now. The U.S. construction sector is set for a jobs boom but still faces a talent shortage. One of the most effective ways to retain employees is to ensure they feel appreciated.
SAFETY
Construction remains a pretty dangerous line of work. Decades of new safety rules, technology, and management practices have made the industry much safer, but hazards continue to impact workers and their families. Fortunately, implementing a dedicated culture of safety can mitigate many of these risks.
CALENDAR & EVENTS
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