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Construction Outlook (North Central Connecticut)

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Construction Outlook (North Central Connecticut) Construction Outlook North Central Connecticut Construction Outlook (North Central Connecticut) Authored by: Capital Workforce Partners “Your Central Connecticut Workforce Source” Introduction The Construction Industry Building construction is a major contributor to employment and economic activity, in addition to producing structures that add to productivity and quality of life. In 2009, nonresidential building general and specialty trade contractors accounted for 3 million of the construction industry's 6 million employees. Construction of nonresidential buildings totaled roughly $400 billion, compared to $280 billion for non building construction and $260 billion for residential construction. (Associated General Contractors of America, 2010) The Federal construction market is accountable for over $100 million worth of spending annually. (American General Contractors of America, 2010) The statistics inform us of how inescapably valuable building construction is to the economy and employment in the United States and in Connecticut. Understanding this, it has become the United States policy to invest in our countries construction projects, both building and road construction – horizontal and vertical, in order to keep people working and to keep our towns, our cities and the economy growing. Therefore, we at Capital Workforce Partners (CWP), North Central Connecticut’s Workforce Investment Board, have developed this “Construction Outlook;” a report on current and potential construction projects in our region. Introduction Continued The “Construction Outlook” Report Around 1999, with construction booming in Hartford, Connecticut, The Hartford Construction Jobs Initiative, now called The Jobs Funnel, was born. Capital Workforce Partners and The Hartford Construction Jobs Initiative (or The Jobs Funnel) partnership was fashioned to provide pre-employment training in the construction trades as well as to give the local workforce the opportunity to connect with jobs in what was at that time a flourishing local industry. However, with the completion of multi- million dollar projects in Hartford, like Adriaen's Landing and Hartford 21, and the downturn in the Nation’s economy, the question arose as to whether there would be enough work in the region to support further training and job placement. Therefore, the Construction Outlook report was initiated. Capital Workforce Partners began this broad review of the construction activity that was or would be happening within the North-Central region of Connecticut in order to get a handle on opportunity and demand. Initial investigation revealed that there is still a lot of activity currently happening, and being planned to happen within the next three (3) to five (5) years, within this region of Connecticut. Because of the wealth of information discovered through the initial investigation and its inherent value for job training, business development and tracking, this Construction Outlook report will now stand as a continually growing, ever-changing, working database serving as a roadmap of construction projects within and around the North Central Connecticut region. This Construction Outlook Report has been developed to enhance the way CWP is able to leverage local resources. This document will be an invaluable resource for business partnership building, tracking industry growth and predicting workforce demand; all vitally necessary for a competitive regional economy. Additionally, through the use of this expandable database, we will be able to keep apprised of construction projects in our region for the purpose of reaching out and connecting potential workers and professionals to upcoming construction labor and professional jobs. This Construction Outlook Report will additionally aide CWP, in partnership with The Jobs Funnel (JF), with tracking construction project progress, successful laborer assignments as well as non-construction job opportunities and placements. Introduction Continued What’s in It? This report outlines potential construction projects and job opportunities by going from the more general visual representation of construction projects within the region to the more specific outline of each individual job; outlining job location, project participants, narrative of the project etc. At the center of this report are figures; predicting estimated labor jobs and earnings each project can potentially create. The project information included within is broken down in a variety of ways allowing you to digest, use and share the information in whatever way it will be most valuable for you and your team or organization. At the end of the report there is a bibliography allowing the reader to reference other sources for information regarding each specific project. In Conclusion From this report you will see that between the years 2011 and 2015 there is currently an approximate average of seven-hundred and seventy million dollars ($770,000,000) planned to be spent on construction per year, which is by this reporting is predicted to result in an approximate average of six- thousand (6,000) jobs per year amounting to an approximate average of three-hundred million dollars ($300,000,000) per year in direct labor earnings. Construction, like the technology that directs it, are ever-changing yet consistently essential to our economic, social and environmental progress. We at Capital Workforce Partners, having created this database, are morphing with the changes inherent to the field as well as to the fluctuating economy of our time. This report is our tool, forged to allow our agency and our partners to connect more effectively with the industry and created to enable the development and delivery of the appropriated workforce within and around the construction field. Construction jobs are not abundantly emerging as they did a decade ago but, even in these hard economic times, construction jobs are out there. And we, at CWP, are making it our job to seek them out, record them and pursue them for the sake of career development and job placement in our region, right now! Introduction Continued Wrap Up A few things to keep in mind as you read through this report; it is a compilation of projects taken as a snapshot in time, it is in no way an exhaustive list and details may have changed by the time you are reading this report and this report does not make any guarantees with regards to projects, jobs or dollar amounts. Also keep in mind that as of this printing the job numbers have not been seasonally adjusted; seasonal adjustment would increase the amount of jobs created Thank You WE WANT TO THANK ALL THOSE WHO HAVE AND WHO WILL CONTINUE TO CONTRIBUTE TO THIS REPORT. Special Thanks To: The City of Hartford The City of New Britain The Department of Labor The Association of General Contractors The Capital City Economic Development Authority The Greater Hartford New Britain Building & Construction Trades Council The Capital Region Education Council’s Operations, Facilities and School Construction Department To All the Cities and Towns in our region of Connecticut who responded to our inquiries for information. Thank you to our Region’s Colleges and Hospitals who contributed information for this report. Thank you to the many private construction and design companies who contributed information to this report. Thank you to KRA Corporation and CT Works who lent a hand in producing this document. And to those who gave account regarding on-going and upcoming projects in a variety of news related articles and reports, in print and on line, we thank you and encourage you to keep doing what you are do to keep us all informed. Table of Contents POTENTIAL CONSTRUCTION PROJECTS SUMMARY PER YEAR - REGIONAL.............................. TAB 0-0 Summary Per Year (2010 & Beyond) ................................................................................................................................................ 0-1 Summary - Year 2010 ........................................................................................................................................................................... 0-2 Summary – Year 2011 .......................................................................................................................................................................... 0-3 Summary – Year 2012 .......................................................................................................................................................................... 0-4 Summary – Year 2013 .......................................................................................................................................................................... 0-5 Summary – Year 2014 .......................................................................................................................................................................... 0-6 Summary – Year 2015 & Beyond ....................................................................................................................................................... 0-7 Summary – Beyond 2015 ..................................................................................................................................................................... 0-8 Summary – Year TBD .......................................................................................................................................................................... 0-9 MAPS .................................................................................................................................................................
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