For the first time since the 1800’s, Republicans are in control of North Carolina’s state government, and according to a recent article published by regional trade association Carolinas AGC (CAGC), this move bodes well for the state’s construction industry. Why?
For starters, the state’s new governor, Republican Pat McCrory, is a staunch supporter of infrastructure-funding and business. Throughout his campaign, McCrory repeated themes of growing jobs, investing in infrastructure and increasing vocational education, all of which would have direct impact on the construction industry.
In addition to a new infrastructure-friendly governor, various development projects throughout the state have also been approved by voters. For example, Wake County recently voted in favor of $200 million in bonds to expand Wake Technical Community College, add buildings to the school’s bustling Northern Wake campus and to begin construction on a new Research Triangle branch.
C.M. Black has seen a considerable increase in development in the recent months as well. Many corporations in the area are in the midst of new construction projects, including C.M. Black client S&D Coffee, which recently revealed plans for a $48 million expansion expected to create 200 jobs over the next five years.