The Infrastructure Investment and Job Act (IIJA) of 2021 has created a significant demand for construction managers and workers. The demand is expected to continue into the next decade as the U.S. upgrades its infrastructure. The act addresses immediate repair needs and focuses on long-term planning and development. Investing in infrastructure will lay the foundation for sustained economic growth in the future.
Outlook For Construction Management Careers
The IIJA is funding billions of dollars in construction projects to create many new jobs and grow the industry. The Bureau of Labor Statistics (BLS) projects a 9% increase in construction manager employment from 2023 to 2033. These actions will help stimulate the U.S. economy and modernize our infrastructure in significant ways.
More skilled workers are coming to work in the construction industry
- Displaced workers can return to a more stable career path
- There will be more opportunities for job advancement
- Investment in infrastructure will help attract a younger generation
- There will be less construction labor shortage
- Investments also include incorporating newer technology in construction
As the industry takes on more building projects, more managers will be hired to train and supervise the workforce. Their skills are necessary to see that quality work, safety, meeting stakeholder needs, staying within budget, and meeting deadlines are achieved.
Goals Of Infrastructure Investment
Local, state, and federal governments see a pressing need for infrastructure investments to improve our airports, bridges, broadband networks, roads, and other critical systems. A significant goal is allocating federal funds to improve existing projects and create new ones. The funding also aims to create jobs, boost productivity, and enhance the quality of our lives.
The IIJA Act places a strong emphasis on infrastructure projects because they have a multiplier effect on employment. When any project is repaired or built, construction workers and managers must be hired to complete the jobs. Expanding broadband access is accomplished by hiring technicians. Engineers, architects, electricians, plumbers, subcontractors, and other skilled professionals are also hired to complete projects.
Other goals include coordinating with local and state governments to address their needs. Leaders must set goals of proper capital budgeting, fixed asset management, and maintenance funding for success. One last goal is seeing that the IIJA saves money in the long run by maximizing economic returns on federal investments.
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“The Infrastructure Investment and Job Act (IIJA) of 2021 has created a significant demand for construction managers and workers.” |
The Role Of Local and State Government
Although the federal government funds infrastructure projects, local and state governments must implement them. Construction managers work with officials to achieve these activities:
Work with officials to identify infrastructure needs
- Carry out projects for urban and rural areas
- Effectively complete projects that address specific needs
- Collaborate with all stakeholders in projects
The IIJA encourages partnerships and close collaboration between local, state, and federal governments to maximize the act’s impact. Working together helps ensure the best planning, funding allocation, and project execution. State governments receive federal funding and distribute money to cities, counties, and other local entities based on their specific needs and established criteria.
Proper capital budgeting and asset management by governments are vital for the long-term sustainability and success of infrastructure projects. Government officials build trust in infrastructure investments when they adhere to transparent accounting standards and financial reporting. Construction managers also reap benefits in government involvement because they are required to supervise and complete the projects undertaken.
Examples Of Construction Managers’ Roles In Projects
Many cities, counties, states, and regions have experienced economic growth and job creation through federal funding. Successful examples provide insights into their successes.
- Kansas City, Missouri – Kansas City has undertaken capital improvement projects and revitalized its downtown area. New public spaces, parks, and cultural attractions have drawn in tourists and new businesses. New jobs were created in construction, retail, hospitality, and entertainment.
- Lake Worth Texas – This city has improved its transportation network by creating new roads, bridges, and public transit systems. It is now easier for workers to commute to their jobs and new businesses have been attracted to the area. Job creation and economic activity in general have also improved.
- Tampa, Florida – Tampa has reaped the rewards of new investments in its area. The city has enhanced its transportation system, sea ports, and airport. These moves have increased trade, tourism, and jobs in logistics, warehousing, related industries, and attracted new businesses.
- Utah – Utah has leveraged infrastructure investments to drive economic growth throughout the state. Its transportation systems and highway improvements have facilitated better movement of goods and services statewide. There is less congestion on streets and roads and more jobs have been created.
As our nation moves forward with infrastructure investments, we can further learn to maximize the potential benefits for all communities. More construction jobs will be created and the demand for construction managers will also rise to supervise the projects. If you are interested in a career in Construction Management, request more information about our Associate of Occupational Studies (AOS) Degree.
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