The economic outlook for 2022 appears to be a positive one, according to reports prepared by firms such a Deloitte, Capital Group, and Edward Jones.
All agree that the 2020 market downturn was short-lived, and that the economy is continuing on the upswing that has been going on for the past decade.
Of particular interest is Deloitte’s assessment of the engineering and construction industry, which noted that residential activity showed strong growth in 2021 and is expected to continue into 2022. The nonresidential sector, while slow in 2021, is expected to benefit from the Infrastructure Investment and Jobs Act (IIJA), whereby $500 billion in new federal infrastructure projects will be funded over five years.
In addition to allotting funds, the bill has tax incentives to promote partnerships with cities and states and encourage private investments.
Construction firms are likely to see a mix of projects with data centers, warehousing, and even health care. Overall, in 2022, both residential and commercial segments are expected to present substantial opportunities for engineering and construction firms.
We hope that you are considering how you are positioning your company for continued growth in the economy. While bottlenecks continue in the supply chain, analysts believe this situation will be cleared by the second half of the year, as well as inflation.
Where do you see growth in your business? Do you have the equipment to make it happen?
Here at Acceptance Leasing and Financing Service, we can assist you with financing new or used equipment. Visit our website at www.acceptlease.com. Our one-page application makes it easy to get started. Or call us at 412 262-3225.
Acceptance Leasing and Financing Service, Inc. is located near Pittsburgh, PA. We are a team of professionals, celebrating our 30th year in business, dedicated to working closely with you to obtain an approval at the best possible rate for you.