In the wake of the Great Recession, the construction industry throughout the United States had taken a bit of hit. However, that no longer appears to be the case in many areas across the country, as initiatives in both the commercial and the residential subsectors are now gaining more momentum. As a result, the construction industry is making more money for the overall economy, in addition to fueling job growth.
According to the Fort Worth Star-Telegram, commercial construction projects around this Texas city are coming into creation at a more rapid rate, generating a greater amount of revenue for the area. The monetary amount awarded in contracts to foster these efforts in October 2013 came to a total of $249.7 million in North Texas. This shows a 23 percent increase compared to a year prior. Additionally, the rest of the state is doing just as well, with contracts totaling $1.6 billion this past October.
In Kansas City, construction is also experiencing expansion. The Kansas City Star reported that there have been three major projects recently taken on, creating an abundance of employment opportunities for residents. For instance, an office development initiative on the land that used to belong to the Bannister Mall is anticipated to promote growth at local businesses, providing space for about 15,000 new employees.