The Los Angeles construction sector is growing, creating jobs and providing commerce for the all types of skills and expertise. Based in Los Angeles city, Monzon and Son a.k.a wetruckitall.com provides construction trucking services for Los Angeles-based construction firms. We help fuel the logistics behind the large and prosperous Los Angeles construction sector, empowering construction firms to create the forward-thinking city of the future.
LA-based construction is a rapidly growing sector—and many analysts and experts believe it is a booming market with growth trends expected to continue into 2018. The same can be said for the Los Angeles metropolitan area and Southern California in general. A survey by the Associated General Contractors of America (AGC) indicates that three-quarters of construction firms across the country plan to hire more workers in 2018. This so-called “hiring spree” is expected to magnify itself in the LA area. In fact, employment has experienced growth in the metro areas that comprise the LA area:
EMPLOYMENT STATISTICS
| +6%Los Angeles-Long Beach-Glendale area | +6%Orange County area | +16%Inland Empire area |
Many construction firms are anticipating major infrastructure investments and business-friendly policies to grow their business potential. There are many signs of optimism in the growing post-Recession economy; though, the AGC survey suggested that there might be a shortage of skilled and qualified workers for construction. However, many firms plan to increase pay for their workers, or boost incentives and bonuses. Many firms also plan to invest in training their workers and developing the skills for these workers to be efficient and productive in this growing economy.
Many analysts and experts believe it is absolutely essential to partner with key partners to meet the target completion dates of certain projects. One example is the USC Village—it is a mixed-use complex designed for the University of Southern California (USC) in Los Angeles. It was completed in August, and has six buildings, with supplemental student housing, retail space, restaurants, and residence dining halls. This project had a major impact on the local economy—providing around 800 permanent jobs to the complex, and 5,600 construction jobs. Analysts expect the project to add close to $5.2 billon to the local economy—all while the project budget was $700 million. This project is the largest development in the history of USC. This exemplifies the need for partnership with key institutions—such as USC—in order to facilitate construction and meet target dates. Having a partner like USC would help construction firms get a better grip on their project, allowing them to complete the project in time. Also, having the boost of a partner like USC helps invigorate the local economy and create new jobs for the region. Many other universities have partnered with construction firms to expand their campuses. The University of California, Merced (UC Merced) is a prime example. They partnered with a local construction firm to create and complete a project that is expected to provide a $1.3 billion expansion to the campus, injecting $2.4 billion in to the state economy. As a result, this partnership is expected to create 12,000 new jobs, with a vast majority of them being construction jobs. Other universities, such as Drexel University, have taken similar approaches that will be completed in the course of two decades through these partnerships.
The Los Angeles construction sector has been given a major boon in recent months, with the announcement that Los Angeles would host the 2028 summer Olympics and Paralympics. Dubbed as the “New Games for a New Era”, the Los Angeles Olympics intend to be a safe and fiscally responsible event. For this to happen, major investments into infrastructure and facilities have to be made. Everything from developing new venues to host the Games, improving current venues and facilities, and repairing the LA transport infrastructure are required. These projects include, but are not limited to, the construction of the new LA Stadium at Hollywood Park, scheduled to open in 2020, the transformation of the Dedeaux Field in USC for the hosting of aquatic events, and the construction of the LA Football Club Stadium. Additionally, many of Los Angeles’ major transportation components would need to be repaired. Since LA is a very car-dependent city, many of the public transport facilities lag behind other major cities. A safe, modern, reliable and efficient public transportation system in Los Angeles is essential to transport Olympic attendees and LA-area residents alike. All of these construction projects require major investments and will certainly create thousands of new jobs and invest billions of dollars into the local and metro economy. They will also help ensure the 2028 Olympics and Paralympics are held in modern, state-of-the art facilities that prioritize safety, while also being conscious of the fiscal impact.
If you are looking for a reliable and committed construction trucking firm in Los Angeles we provide a fleet of trucks ranging from bottom dumps, end dumps, flatbed trucks and much more. Contact us here: wetruckitall.com
