Economic Development

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Almost Half of Americans Say the Economy is Growing Worse
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Construction Industry Salaries on the Rise

Skilled craft professionals continue to earn high wages, according to NCCER's 2018... More

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Over 23% of Construction Workers are Self-Employed
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Fed Reports Continued but Modest Economic Growth over the Summer

The Federal Reserve's "Beige Book" indicates that the U.S. economy continued along the path of modest growth over the summer. More

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BFS Secures $160 Million Term Loan

Builders FirstSource announced its completion of a new $160 million first-lien term loan financing agreement that's $10 million bigger than its current loan. At the same time, BFS entered into a new letter of credit facility worth $20 million. More

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Countertop Demand in U.S. Predicted to Rise 4.8% Annually Through 2015

U.S. demand for countertops is expected to rise 4.8% per year to reach $24.6 billion in 2015, according to the latest forecast by the Freedonia Group. The Cleveland-based research firm said a recovery in the new housing industry will drive demand. More

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International Paper Makes Tender Offer to Acquire Temple-Inland

International Paper Co. commenced a fully financed tender offer to acquire all outstanding Temple-Inland shares as part of a $3.3 billion takeover attempt of the corrugated packaging and building material manufacturer. More

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Georgia Gulf Building Unit's Op Loss Triples in 1Q

Georgia Gulf Corp., which makes a variety of building products that carry the Royal Group and recently acquired Exterior Portfolio brands, said its building products segment's operating loss more than tripled in the first quarter to $12.1 million from a $3.7 million loss in the first three months of 2010. More

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BlueLinx Net Loss Shrinks in 1Q on 9.4% Sales Drop

BlueLinx Holdings Inc. reported its net loss shrank to $12.3 million in the first quarter from a $14.7 million loss in the year-earlier period on a 9.4% drop in revenue to $390.6 million. More

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