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Industry embraces workforce development

Ready mixed and manufactured-concrete producers have enjoyed gradually improving business for much of the past five years. Like employers throughout the economy, many have encountered a tightening labor market, culminating with 2018 unemployment levels approaching 20-year lows and industry-wide prioritizing of recruiting and retaining production and delivery talent.

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Producer accruals from Tax Cuts accounting near $1 billion mark

The Tax Cuts & Jobs Act (TCJA) with which President Donald Trump and his party closed out 2017 is already spurring returns in concrete, aggregates and cement. A lowering of the corporate tax rate from 39 percent to 21 percent, coupled with reduced liabilities for deferred tax payments, is reflected in major operators’ final 2017 financials and stepped up 2018 capital expenditure projections.

Read more: Producer accruals from Tax Cuts accounting near $1 billion mark