On Thursday, June 18th, the Rocky Mountain Chapter of Associated Builders & Contractors had their Annual Economic Forecast. Titled “Return of the Economist”, ABC's Chief Enonomist reviewed the last 5 months of the economy while focusing on the effects of the pandemic on both a state and national level.
Focusing on before and after the Covid-19 shutdowns, Basu noted that though construction has been hit hard by the shutdowns “As it turns out [is] holding up better then a lot of other segments of the economy”. During his broadcast, Basu reviewed unemployment, growth in wages, US retail sales, consumers, interest rates, and property values among other items that effect the economy but especially during these changing times. While sharing June is going to be a hard month, he sees July and August 2020 as good signs for the US economy to start to rise as people start getting back to work and the country finds a new normal with Covid-19 and predicts another stimulus package from Congress in the upcoming months along with consumers taking advantage of low interest rates and getting out again. “We’re human beings and need human activities”. As far as looking ahead Basu said while these are treacherous times, he does see a “Bounce Back of an Awkward V” for the economy in the upcoming years as we look at a future prepared for what we have faced over the past 5 months.
Although the Economic Forecast is an annual event, this was the first year ABCRMC held the event virtually. Thank you to the generosity and commitment of sponsors, ABCRMC has uploaded the presentation online at abcrmc.org/general-events.
Associated Builders and Contractors (ABC) is a national construction industry trade association established in 1950 that represents more than 21,000 members. Founded on the merit shop philosophy, ABC and its 69 chapters help members develop people, win work and deliver that work safely, ethically and profitably for the betterment of the communities in which ABC and its members work. Visit abcrmc.org to learn more about ABC Rocky Mountain Chapter
Associated Builders and Contractors Rocky Mountain Chapter (ABCRMC) Chairman, Shane Fobes with Milender White, testified in front of the Colorado State Senate Transportation & Energy Committee yesterday at the Capitol in support of SB20-065 to limit mobile electronic devices while driving.
“The widespread epidemic of distracted driving effects our fleet of 35 vehicles and drivers,” said Fobes. “There is no easy button to solving distracted driving, but this bill would assist. It is important that we get our employees and loved one’s home safely. Unfortunately, the only consequence for distracted driving at this point is after a tragedy has occurred and something needs to be done.”
ABC staffer Sabrina Kosmas and lobbyists Jay Hicks and Stefan Stathopulos attended the hearing as well. ABCRMC’s Chairman spoke alongside more than 15 other supporters of the bill. The Senate Committee consisting of the following legislatures then voted unanimously in support of SB20-065: Kerry Donovan (D), Mike Foote (D), Dennis Hisey (R), Ray Scott (R) and Faith Winter (D). The bill will now continue to Senate Appropriations.
To learn more about how to get involved with ABC’s government affairs initiatives, visit www.abcrmc.org/advocacy.