Posts Tagged ‘mayor’
Phoenix Looking for Federal Loans
December 15, 2009 – Last year the federal government rejected a request for a portion of the Troubled Asset Relief Program (TARP) dollars to flow directly to cities who were hardest hit by the economic downturn. Now, the Mayor of Phoenix, Arizona is in the nation’s capital imploring a Congressional committee to loan the city hundreds of millions of dollars in order to stimulate the ailing construction industry. The proposed projects could bring thousands of jobs to Phoenix contractors, especially Phoenix general contractors.
Some of the projects being pitched by the Mayor include bridges, sewers, and an new wing for the biomedical campus downtown. If these 30-year loans are approved, it would mean immediate relief to local tradesmen like Phoenix electricians.
jobtrio.com Staff
Construction Industry Newswire