6 tips to recession-proof your construction company
The construction industry really took it on the chin during the Great Recession. The number of construction firms fell by nearly 150,000 between 2007 and 2013 and over 2.3 million jobs were lost due to layoffs, early retirement, and workers leaving for greener pastures. Federal Reserve Chairman, Jerome Powell, recently said we may already be in a recession due to the impacts of the coronavirus pandemic.
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