Construction is an industry whose impact is wide and far-reaching. Every home and office in which we live and work, every road on which we drive, every time we visit a theater, museum, school, mall, or restaurant, we are actively enjoying the hard work of the construction industry.
But that’s not all. Construction of all kinds, all sizes, has a massive impact on our economy – and when construction grows, our economy is significantly and positively impacted.
In fact, this article, which notes that the crane market is “rocking” and that construction “has seen a sizeable increase” recently, states that “good news for the construction industry is good news for the U.S. economy as a whole.”
When construction projects—whether residential or commercial—increase, money is poured back into many aspects of our society. More equipment is purchased, more people are hired, more homes and buildings are bought, leased, and occupied. In more ways than most people can imagine, construction sends large amounts of money back into the economy, and everyone wins.
In this article in Construction Global, it’s stated that from “high rises to highways and every commercial project in between, large-scale construction is seeing a resurgence” all across the country. This means that throughout the U.S., the economy will continue to see a major uptick, thanks to this far-reaching, tireless industry.
Of course, the impact is felt on all levels, throughout all areas. The benefits don’t just come from major projects in the country’s biggest cities, but from projects of all sizes in small towns and large metro hubs alike.
In Shreveport, LA, for instance, construction projects are “leading the way when it comes to the greatest impact on the local economy,” with an approximate 70% of increased construction activity pumping money into the area, according to this Shreveport newspaper article.
The fact is construction is an industry filled with hard-working people whose work affects everyday lives, and our country on the whole. At Base Construction, we’re very proud to be a part of it, and look forward to continuing to make our industry’s impacts seen and heard.