COVID-19 has had a massive impact on every industry as states locked downed their economies and the economy has fallen into a depression. The question on everyone’s mind that there is no answer to is, what will happen when the economy opens back up? Economists say that it could up to ten years for the economy to recover from pre-COVID-19 levels. It could take a few years just to get things back to a sense of normalcy. For the construction industry, it may mean things are going to get tight for a while as states struggle with lower tax revenues and businesses struggle just to stay afloat. Today, we want to share some of the long-term impacts on construction companies, key questions you should be asking, and a few practical steps moving forward.
