Recently imposed tariffs on steel (25%) and aluminum (10%) imports have rattled financial markets and sparked concerns about global trade. Significant price increases have affected the construction industry, which relies heavily on steel and aluminum products. Manufacturers of heavy equipment anticipate a dent in fiscal 2019 earnings by 6-9%. A recent study by The Trade Partnership estimates as at least 28,000 construction jobs could be lost, which would have a significant economic impact.
To read the full GlobeSt blog about what impact this might have on construction, and ways stakeholders may prepare, click here.
November 13, 2023
Project Completion Insurance: Securing Solar Construction Projects In this article, Isaac Stern and Gage Kellogg explore the complexities of solar construction projects. The authors discuss the rising interest in renewable […]
November 08, 2023
SBA’s SOP 50 10 7.1: Reinstating Construction Loan Provisions and Key Updates In a welcomed update, the Small Business Administration (SBA) released their new Standard Operating Procedure (SOP) 50 10 […]
November 08, 2023
Partner provides this SBA 7(a) Construction Loan Checklist for SBA Loan properties, following the guidelines of SBA’s SOP 50 10 7.1, effective on November 15, 2023. [ Download Here ]
