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State, federal funding driving North Carolina’s 2024 outlook

FMI says passage of a one-time infrastructure stimulus package could catapult aggregate producers into a “super cycle” not seen in decades. Photo: MichaelUtech/iStock / Getty Images Plus/Getty Images
Photo: MichaelUtech/iStock / Getty Images Plus/Getty Images
Stem
Stem

Jasper Stem, executive director of the North Carolina Aggregates Association, shared his outlook for 2024 after a solid 2023 performance in the Tar Heel State.

How did aggregate producers in your state fare in 2023 compared to your expectations coming into the year?

The industry met my expectations this year.

Describe your outlook for the aggregate industry in 2024.

Somewhat optimistic.

What factors are driving your outlook for 2024?

State and federal transportation funding.

What are the greatest opportunities available to aggregate producers within your state in 2024?

Public works.

What are the greatest challenges aggregate producers in your state will face in 2024?

Permitting

Featured photo: MichaelUtech/iStock / Getty Images Plus/Getty Images

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