Modern Contractor Solutions November 2024 - 12

industry news
company, but for our employees and the region. The relentless efforts
and dedication of our employees have been the driving force behind
this achievement, and we are proud to further establish Granby as a
key hub for custom project development and innovation in the crawler
carrier market. "
The Prinoth Group has over 60 years' experience in developing
and manufacturing snow groomers, crawler carriers, and vegetationmanagement
equipment.
For more, visit www.prinoth-crawlercarriers.com.
ECONOMIST REVEALS 2025 CONSTRUCTION FORECAST
Ed Sullivan, chief economist and sr. vice president of market
intelligence for the Portland Cement Association (PCA), says the Federal
Reserve's recent move to lower interest rates coupled with easing
inflation will benefit construction activity.
At PCA's annual fall meeting held in Aurora, Colorado, Sullivan said
it will take time for the impact of the Fed's policy pivot to materialize
in the economy and construction. Near term, construction activity is
expected to be burdened by oppressively high rates. As more cuts
transpire, construction loan rates are expected to decline, spurring new
life into the construction market by mid-2025.
Although nonresidential construction will benefit from lower interest
rates, it will take time to improve occupancy rates and a higher net
operating income. These will come as the economy gains momentum
next year. Given this, nonresidential is not expected to see recovery
until 2026.
For more, visit www.cement.org.
BOSCH EARNS " GREAT PLACE TO WORK " IN USA
Bosch announced it has been Certified by Great Place To Work in the
United States.
Sarah Lewis-Kulin, vice president of global recognition at Great Place
To Work, emphasizes the certification is the sole official recognition
earned by the real-time feedback of employees regarding their company
culture. " By successfully earning this recognition, it is evident that
Bosch stands out as one of the top companies to work for, providing a
great workplace environment for its employees, " says Lewis-Kulin.
According to Great Place To Work research, job seekers are 4.5 times
more likely to find a great boss at a certified workplace. Additionally,
employees at certified workplaces are 93 percent more likely to look
forward to coming to work, and are twice as likely to be paid fairly,
earn a fair share of the company's profits, and have a fair chance
at promotion.
" We are thrilled to become Great Place to Work Certified, as it
demonstrates our commitment to be a place both current and future
associates are proud to work, " says Tonya Gehrt, senior vice president of
human resources, Bosch in North America.
For more, visit www.bosch.us.
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NOVEMBER 2024
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Modern Contractor Solutions November 2024

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