Construction – Top 10 List of Provisions Included in 2017 Tax Reform
The last major tax reform legislation was passed in 1986. Since then, the tax rules – Internal Revenue Code amendments, regulations, procedural guidance and court case law – have morphed into a complex system for taxpaying contractors. The recently signed bill is a significant modification to the existing system and the consensus is clear. Most…
Connecting Industry to Education in the Carolinas
With the shortage of skilled craft professionals within the construction industry estimated to be at 1.5 million by 2021, it’s no secret that recruitment needs to be a priority. It takes time to educate, train and gain competency and industry can’t postpone recruiting fresh talent, particularly with 41 percent of the experienced workforce set to…
GroundBreak Carolinas 2018 Outlook Survey Feedback
Last month, GroundBreak Carolinas asked our readers for their thoughts on 2018. While your feedback was generally positive, there were some very interesting comments. We’ve compiled some of your comments and feedback. Our editorial staff categorized your comments. Business “Medical costs continue to be a huge burden for small contractors like us. We have 60…
Seventy-Five Percent of Construction Firms Plan to Expand Headcount in 2018
Contractors Are Optimistic About Strong Economy, Tax & Regulatory Cuts, Says AGC and Sage Report Seventy-five percent of construction firms plan to expand their payrolls in 2018 as contractors are optimistic that economic conditions will remain strong as tax rates and regulatory burdens fall, according to survey results released today by the Associated General Contractors…
Tax Reform Impact on Construction Industry a Positive
Congress recently passed the most significant tax reform legislation since 1986. The tax reform legislation will have a positive impact on architecture, design and construction companies in North Carolina and South Carolina as key provisions of the legislation will converge to drive business investment, employment and wages. “The vast majority of construction companies will benefit…
GroundBreak Carolinas Most Read Articles of 2017
Launching a new publication has been an arduous task. However, the staff at GroundBreak Carolinas is pleased with our success and growth during the last six months. Thanks to you, our circulation and open rates have exceeded our expectations. Your feedback and engagement has been tremendous! Thank you! As we move into 2018, we’d like…
Construction Backlog Surges, Sets Record in Third Quarter, ABC Says
Providing more evidence of a strengthening economy, Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) set a record as it expanded to 9.45 months during the third quarter of 2017, up 9.8 percent from the second quarter to the longest backlog reading in the eight-year history of the series. CBI is up by 0.8…
Corporate Real Estate Managers Embrace Coworking
Coworking, the style of work marked by open shared spaces among workers of different companies and popularized by “solopreneurs” and tech workers, is quickly being embraced by those who manage real estate needs for large corporations. The trend is explored in a new whitepaper, The Evolution of Coworking and Impact on CRE, released by CoreNet Global, the…
Clemson’s Bruce Yandle’s Economic Situation Report Released
A fixture the in the Carolinas, Dr. Bruce Yandle released his quarterly Economic Situation Report. Yandle prospects for 2018 were positive. “These can be summarized in a simple statement: if you felt good about 2017, you should look forward to 2018,” he wrote. “In other words, don’t expect to see major changes in the nation’s…
Buoyed by Healthy Economy, ABC Index Finds Contractors Upbeat
The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). Despite rising construction labor and materials costs, 55 percent of contractors expect their profit margins to expand in the first half of 2018….
