Congress Extends Paycheck Protection Program
The House and Senate were both in session this week with each chamber considering defense policy bills. The Senate considered the FY 21 defense authorization bill and the House Armed Services Committee considered its version; many construction provisions are included in both bills concerning change orders, bid listing, prompt payment, etc. The...
Why Stimulus Should Include Multiemployer Pensions
By Elizabeth Bauer, Forbes
Multiemployer pension reform could be forthcoming in the next pandemic-related bailout bill from Congress. This article reviews the factors to watch out for and why bipartisan agreement on a reasonable compromise is possible.
The Emergency Pension Plan Relief Act included in the HEROES Act is an ...
What Is the Federal Reserve Main Street Lending Program?
By Ben Geier, Smart Asset
The Federal Reserve has unveiled details about a new program using funds allocated to it by the Coronavirus Aid, Relief and Economic Security (CARES) Act to loan money to small businesses. This program, called the Main Street Lending Program, is designed to provide relief to eligible small and mid-...
Warren Roofing Collaborates with Bricklayers Training Center, Tremco and Int'l Masonry Institute on Roof-to-Wall Connections
Warren Roofing collaborates with architects, manufacturers and tradesmen to investigate methodologies for roof-to-wall connections. Three saddle flashing mock-ups were constructed to demonstrate the importance of the roof-to-wall connection, proper product application and sequencing of trades.
Pension Reform: The Battle Continues
By Jim Kolb, Partner, Summit Strategies & Dana Thompson, Policy Specialist, SMACNA
Multiemployer pension reform was scheduled to be one of the most important topics of discussion at the National Issues Conference which would have been held May 5-7. The conference is sponsored by Mechanical Contractors Association of America (MCAA),...
New House Infrastructure Package Will Provide Needed Investments, Support Economic Recovery and Create Jobs
June 22, 2020
The Moving Forward Act’s Proposed $1.5 Trillion in New Investments Will Improve Range of Public Infrastructure, Creating Needed Demand for Construction While Making the Economy More Efficient
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the...
Union Trades Will Build Little Italy Apartment Project
A new apartment project in Cleveland’s Little Italy neighborhood will be built by building trades members.Work on the Baricelli Inn Housing, a new 44-unit apartment building, is set to begin along Cornell Road on the edge of Cleveland’s Little Italy neighborhood.Dave Wondolowski, Executive Secretary of the...
PPP Loan Forgiveness Application Changes Again
On Tuesday, June 16, 2020 the SBA issued and updated Form 3508, Paycheck Protection Program Loan Forgiveness Application. In addition to the update, Form 3508EZ was issued, a condensed version of the form for certain filers. The key takeaways and questions from these applications are below:
CEA's Statement on Racial Equality
CEA is committed to improving diversity and inclusion within the construction industry in Northeast Ohio. While we do this work every day, in light of recent events and the public discourse surrounding issues of racial justice, we wanted to once more share our commitment to diversity and inclusion.
Below is a statement that...
New Data Shows Construction Activity Returning To Pre-Coronavirus Levels In Many Parts Of The Country
A new survey by the Associated General Contractors of America and data from construction technology firm Procore show that construction activity is returning to pre-coronavirus levels in many parts of the country and some firms are adding workers. The new economic data, however, also shows some future projects are...