And the Bloomberg-Turner Construction Co. case: what happened
With 7.1 million job openings in the United States at the end of October, job openings have exceeded job seekers for 8 consecutive months now, according to the U.S. Bureau of Labor Statistics.
The DOT’s Big Move
Celebrate good news, come on! Last week, U.S. Transportation Secretary Elaine L. Chao announced discretionary grant funding to 91 projects across 49 states and the District of Columbia totaling $1.5 billion. The Department of Transportation (DOT) is financing the grants through its Better Utilizing Investments to Leverage Development (BUILD) program.
The DOT received 851 applications totaling $10.8 billion for the 2018 list of applicants. Projects in rural areas with historically low investments were given priority for grant funding. Want more on infrastructure? Here’s where you should go for the latest:
Between the economic circumstances that may have impacted growth and the continued advancements in technologies, 2018 proved to be a challenging year for those working in construction. In an effort to really dive deep into what this past year brought, Contractor WorkZone sat down with those who felt it most and asked them, “What were your biggest challenges within the industry in 2018?” Take a look at their responses here.
In New York last week, Manhattan District Attorney Cyrus Vance issued indictments of former Bloomberg LP and Turner Construction Company executives on charges of conspiracy, bribery, money laundering, bid-rigging and other offenses. Executives from the two companies, as well as some subcontractors and vendors, tried to steal $15 million from Bloomberg while completing a renovation project for Bloomberg’s New York City offices. Three corporations and 14 individuals were charged.
Google announced mixed-use plans for its California headquarters—plans that include developing the campus into a “Complete Neighborhood.” Under this plan, Google would convert land it owns in two neighborhoods in Mountain View, California, into 6,600 new homes. A percentage of these living spaces would be allocated to low- to middle-income residents. The rest of the homes would be available for rent or sale.
Google also plans to allocate at least 35 acres to public space that facilitates greener transportation, such as pedestrian and bike paths and a shuttle service. The city will vote early next year to approve the plans and development requests by Google.
Last week, Apple Inc. announced its decision to build a second campus in Austin, Texas. At completion, the $1 billion project would employ a maximum of 15,000 workers. The 133-acre campus will open with 5,000 employees. The company also announced plans to expand to Seattle, San Diego and Culver City, California, over the next 3 years.
Apple isn’t the only one making moves in Texas. Amazon announced its choice of Fort Worth, Texas, Alliance Airport as a new regional hub for Amazon Air. The new location will be built to support multiple daily flights and infrastructure for a heavy shipping volume. The company plans for the hub to be fully operational in 2019.
With the holidays just around the corner, the Construction Business Owner team is taking some time away to rest and plan for the new year—including how we can improve the content we bring you every week through this newsletter. theHuddle will return to your inbox Wednesday, January 9, 2019. Have a wonderful holiday season and a happy new year!