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Wednesday, September 7, 2016

Vegas Investor Insider -- Future Growth: Local Construction Industry Has Labor Shortage

Future Growth: Local Construction Industry Has Labor Shortage
Presented by Cunningham Group at RE/MAX Advantage


"...There's a demand in some skilled trades, but we anticipate the demand is going to pass the people we have in a few years as we ramp back up where we were pre-recession. We need to recruit talent from within. A lot of people who worked here in Nevada are now driving taxi cabs and doing other things. It's a major concern for us, but a great problem to have. It's a lot better problem than 2008 and 2009 when so many people lost their jobs. We will meet the challenge."

The impact on construction spending is noteworthy, Restrepo said. The $253.3 million in spending by the Clark County School District is expected to generate about 1,087 full-time construction jobs and more than $73 million in income for those workers, he said.

When factoring in vendors for those projects that include everything from nails to concrete, that's 395 jobs with an income of $23.5 million, he said.

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