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Some Sectors Show Promise as Construction Rebounds From the Recession


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Some Sectors Show Promise as Construction Rebounds From the Recession

Michael R. Bosse

Mike Bosse recently authored “Some Sectors Show Promise as Construction Rebounds From the Recession” for MaineBiz.

National recessions tend to affect New England later and with less severity than the rest of the country. It also takes New Englanders longer to pull themselves out of recession. This is where an industry vital to our state —construction — finds itself right now.

More than 90% of construction companies are small businesses with fewer than 20 employees, representing a vital part of the Maine economy. Things aren’t as bleak as they were a couple years ago, but the industry hasn’t dug itself out of the hole enough to be completely confident about the future. There are, however, bright spots and promising indicators in different sectors of the construction industry. Continue reading the article.