Where is the Money?
Wednesday, September 30th, 2009This post is for two people: those looking for a job and those looking for clients. With the economy like it is everybody isn’t spending money the way they were a year or two ago. But people are spending money on civil engineering projects. They are the best people to have as clients right now, and the companies that service them are the best ones to work for.
Colleges and Universities
When the economy goes down and people start getting laid off many people start going back to school. That means higher enrolment and more tuition dollars coming into the school. Schools frequently spend that money on new buildings, renovations and upgraded facilities.
Cities and Counties
Government budgets are generally set well in advance. The budgets are based both on expected income from tax dollars as well as money already received. Many local governments are still spending money on projects because they already have the money set aside for them. Tax dollars are still rolling in, and in many cases bond funds are still waiting to be spent.
Stimulus Funds
The federal government is spending billions on infrastructure. This money is being spent directly by the federal government as well as being funneled through many organizations to work on specific projects. There are several sources on the internet for finding out where the money is going. www.recovery.gov is one source.
Private Funds
There is still some private money being spent on civil engineering projects. Many companies are using a wait and see plan. However, many are also taking advantage of the lower prices in the down economy.
What are some other places that are still building? And are still spending money on CE projects?