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Proposed bill leans on corporations for infrastructure funds
A unique form of infrastructure funding was introduced last week when Rep. John K. Delaney (D-Md.) crafted The Partnership to Build America Act, which would create a $50 billion fund that makes bonds available for purchase to global corporations based… Keep Reading
Presidential memorandum to speed up infrastructure projects
President Barack Obama signed a presidential memorandum this month to expedite the development of major infrastructure projects. The memorandum advises federal agencies to reduce aggregate timelines for major infrastructure projects by half. Obama announced that he had signed the memorandum… Keep Reading
CMA breaks ground on distribution center
Double Coin Tires and CMA are about to embark on construction of the company's newest distribution center. Councilmen from the city of Rancho Cucamonga, Calif., CMA executives and the developers participated in a recent groundbreaking ceremony. Situated on about six… Keep Reading
Nonresidential Construction Index hits record high
FMI released its second-quarter Nonresidential Construction Index (NRCI) report, giving nonresidential construction its highest score in more than four years after receiving feedback from its panelists. The NRCI score of 60.1 is a two-point improvement over the first quarter of… Keep Reading
Obama tours dredge manufacturer
President Barack Obama spent several hours May 17 at Ellicott's headquarters and factory in Baltimore, meeting with workers, inspecting dredge machinery and making a policy speech on the federal government's plans to accelerate infrastructure projects. Obama spoke to more than… Keep Reading
Pump manufacturer acquired
National Oilwell Varco (NOV) acquired Robbins & Myers earlier this year, placing many of Robbins & Myers' industrial pumping products under NOV's Mono division. Three specific Robbins & Myers businesses are now part of NOV Mono, including Moyno Inc., a… Keep Reading
Dodge Momentum Index at highest mark in nearly four years
The Dodge Momentum Index, a monthly measure of the first report for nonresidential building projects in planning, rose 5.2 percent in April from the previous month, according to McGraw Hill Construction. Gains have been reported for the momentum index in… Keep Reading
Xylem establishes branch in Tennessee
Xylem opened a new dewatering solutions branch in Blountville, Tenn. Located at 2020 Highway 75 in Blountville, the branch will serve southwest Virginia through Knoxville, Tenn. The facility has a 15,000-sq.-ft. shop and 3,000 sq. ft. of office space, three… Keep Reading
Luber-finer awards national scholarship
Luber-finer awarded a $1,000 National FFA Collegiate Scholarship Program award to Amber Scarbrough, a resident of Fairfield, Ill., who plans to continue her education at Wabash Valley College in Mt. Carmel, Ill. Luber-finer has been a sponsor of the National… Keep Reading
