News
Informing the Industry
Take a look at the top stories, information, and updates our membership needs to know to stay ahead in this competitive industry.
Expectations of Higher for Longer Rates Weighs on Construction Activity
The construction industry retained a surprising level of momentum in 2024; construction spending currently stands just below the highest level on record, contractors added jobs at a faster-than-economywide-pace throughout the
Understanding Michigan’s Earned Sick Time Act: FAQ
Please see our webinar for full information on Michigan’s new Earned Sick Time Act. Below are some common facts and questions. Compliance is required by February 21, 2025. Is frontloading
Inflation Relents, But is Still Making Presence Known on Construction Firms
By Chris Coleman, HUB International Inflation may be moderating in the U.S., but it’s still a force exerting its influence on the construction industry as it heads toward 2025 with
Corporate Transparency Act is back off (again)—Whiplash!
UPDATE 12/26/2024: WHIPLASH: The Corporate Transparency Act is back off (again). A Fifth Circuit panel has reinstated a nationwide injunction blocking the Corporate Transparency Act, just three days after another
Ritsema Associates Transitioning to an Employee Stock Ownership Plan (ESOP)
Ritsema Associates, an ABC member and interior contractor, has transitioned to an Employee Stock Ownership Plan (ESOP). Quote from Press Release:“It’s really exciting for our people because we’re creating an
New Jobsite Plumbing Apprenticeship Ratios Coming in late March 2025
New regulations are coming, and it’s important for plumbing contractors, apprentices, and construction managers to understand the changes to job site apprenticeship ratios. This blog explains the new apprenticeship ratios
Corporate Transparency Act Blocked by Texas Court—What It Means for ABC Members
EDIT on 12/24/24: The Corporate Transparency Act is back. Read more on our updated blog post here. The Corporate Transparency Act (CTA), which requires many small businesses to report information about their
A Merit Shop Majority Will Control the Michigan House of Representatives in January
Key Michigan Takeaways In January, the Michigan House of Representatives will operate under a merit shop majority of 58-52. ABC Secured victory in every state seat where we invested resources
The Clock is Ticking: Are Construction Companies Ready for the Corporate Transparency Act?
EDIT on 12/24/24: The Corporate Transparency Act is back. Read more on our updated blog post here. EDIT on 12/5/24: The Corporate Transparency Act has been blocked by a Texas court. Read
Rate Cuts Arrive as Western Michigan Construction Industry Retains Momentum
Thirty months after the Federal Reserve began raising interest rates to suppress inflation, it reduced the target range of the Federal Funds Rate by 50 basis points at its September
Raising Awareness and Preventing Suicide in the Construction Industry
By Mark Dyke, Collaborative Counseling Group The Problem Did you know that construction workers face a suicide rate that is 5.5 times higher than the rate of all other fatalities
How Construction Companies Can Expand the Pool of Qualified Candidates
By Adam Cosola, CTC Talent Partners Most of us have probably heard the phrases “it is hard finding good people” or “it is competitive out there when we look for