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IRS Issues Additional Tax Cuts and Jobs Act Guidance

Over the last month, the U.S. Department of Treasury and Internal Revenue Service have issued several proposed rules that provide guidance and implement changes to the tax code under the Tax Cuts and Jobs Act. Signed into law nearly a year ago, the historic tax reform bill included several key provisions that affect the construction industry, and the recently issued proposals provide critical information for construction employers on how to comply with the law.

EEO in Apprenticeship Final Rule—Are Sponsors Prepared for 2019 Requirements?

Updates to equal employment opportunity regulations that apply to all sponsors of apprenticeship programs registered either with the U.S. Department of Labor’s Office of Apprenticeship or a state apprenticeship agency are just around the corner. The final rule updating EEO regulations was issued in 2016 by the Obama administration and went into effect on Jan. 18, 2017; however, some of the provisions were delayed for two years until Jan. 18, 2019. 

Register for the ABC Technology Conference in Grand Rapids

The ABC Western Michigan Chapter announced its first-ever construction technology and innovation conference, which will be held on Tuesday, Feb. 19, 2019, in Grand Rapids, Michigan. Nearly 350 construction industry professionals from cities across the country will gather to be inspired by numerous education sessions, exhibitor displays and live demonstrations—all centered around the advancement of technology.

ABC Members Win 2018 Design-Build Awards

The 2018 Design-Build Project award winners were announced at an awards dinner during the Design-Build Conference & Expo, Nov. 7-9 in New Orleans. From university buildings to bridge replacements, this year’s winners are some of the best construction projects in the country. Several ABC members are part of award-winning teams and were honored by DBIA for their accomplishments.

Construction Materials Prices Continue to Rise in October

Construction prices rose 0.5 percent in October and are 7.9 percent high than at the same time a year ago, according to an analysis of Bureau of Labor Statistics Producer Price Index data conducted by ABC. Prices for nonresidential construction inputs also increased 0.5 percent on a month-over-month basis and are up by more than 8 percent on a year-over-year basis. 

Mark Your Calendars: National Apprenticeship Week is Nov. 12-18

National Apprenticeship Week is a week-long celebration that encourages workforce leaders to demonstrate their commitment to apprenticeship and educate those around them. NAW also gives apprenticeship sponsors the opportunity to promote their programs, facilities and apprentices in their respective communities. 

New Video: Do You Know About the Construction Legal Rights Foundation?

The Construction Legal Rights Foundation supports efforts to preserve, protect and defend the free enterprise system in the construction industry. Watch ABC’s new video to find out how the foundation offers financial support through legal and issue advocacy campaigns. 

How Will the 2018 Election Results Affect ABC Members?

While some races have yet to be decided, the American electorate voted for Democrats to take the House majority while increasing the Senate majority held by Republicans. The number of seats controlled by Democrats in the House of Representatives is projected to be around 230 seats, with Republicans holding around 206 seats, giving Democrats a majority of approximately 24 seats.

ABC Member Company Employees Talk Workforce Development on CNBC

Eugene Jowers, a Project JumpStart graduate and employee of ABC member Regional Contracting Services, was featured in a Nov. 2 CNBC segment that also ran on PBS Nightly Business Report highlighting ABC’s efforts to attract more workers to the construction industry. 

Construction Employment Picks Up in October

The U.S. construction industry added 30,000 net new jobs in October, according to an analysis by ABC of data from the U.S. Bureau of Labor Statistics. The industry has added 330,000 net new construction jobs over the past 12 months, a 4.7 percent increase.