In January, the U.S. House of Representatives unveiled an $825 billion economic stimulus package called the American Recovery and Reinvestment Plan. Stretched over the next two years, the bill includes $550 billion in spending and $275 billion in tax cuts. The plan would invest $90 billion in infrastructure, $14 billion in school construction, and $55 billion in building projects.
The National Ready Mixed Concrete Association estimates that for every $5 billion invested in infrastructure, 1 million yards of concrete is placed and 150,000 jobs created. This stimulus bill could result in the sale of 18 million yards of concrete and the creation of nearly 2.7 million jobs. For more information, visit www.nrmca.org.