The Least, First

Monte Asbury's blog

Stimulus brings optimism to road building industry

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Money to states for road-building lifts an entire industry’s hopes, from quarries to equipment manufactures to the pavers themselves.

clipped from www.nytimes.com

For Sellers of Pavers and Cones, Stimulus Lifts Hopes After a Troubled Year

A road equipment display last week at the World of Asphalt show in Orlando, Fla. States are set to receive $27.5 billion in federal stimulus money for roadwork.

[A]t World of Asphalt, the industry’s annual trade show […]

With $27.5 billion in federal stimulus money heading to state transportation departments, the people who make their living by building highways … hope the money will begin to revive an industry that hit a rough patch last year […]

Lehman-Roberts Company in Tennessee … is becoming an illustration of the goals of the stimulus program  …

[Rick Moore, the company’s president] ordered five new pieces of equipment this month and has begun to bolster his staff. “We put an ad in the paper and had 200 folks apply for jobs,” he said.

The show provided a vivid window into what economists call the multiplier effect: how allocating money to let states hire road contractors will eventually benefit an entire industry, from the quarries that crush the rock and the manufacturers that sell them mining equipment to the companies that sell 2,000-watt halogen bulbs for night work or, in one company’s case, little mirrors that road workers can attach to their hard hats so they can see if cars are coming from behind.[…]

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Written by Monte

March 16, 2009 at 2:44 pm

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