The most recession-proof sectors for construction
Abstract
Publicly funded or subsidized construction projects will remain the safest bet for contractors in a downturn. Public buildings like schools and healthcare facilities should also be insulated from a downturn, said Richard Branch, chief economist for Dodge Data & Analytics. For example, California is set to receive $9.2 billion from the Infrastructure Investment and Jobs Act, with 250 specific projects identified for funding. The White House released fact sheets earlier this month. By next year, those funds should be dispersed to contractors.
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