Upcoming public sector opportunities can be found in almost every area of the public sector marketplace. But, at the moment, the sheer number of upcoming opportunities related to law enforcement facilities is enough to make one ponder. Has every incarceration facility become obsolete all at once? Have local and state officials all decided to upgrade jails, prisons, and justice centers at the same time for some reason? Are there enough experienced construction firms ready to meet the demand?
County courthouses, city halls, and government buildings of all types are being renovated, sold, or replaced. Most public facilities of this type are old, inefficient, costly to maintain, and unable to accommodate new technology. Some are unsafe and no longer meet federal compliance standards. Contractors interested in pursuing contracting opportunities to provide upgrades or new construction will find lots of options in every state.
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Cities with vibrant cultural assets attract tourists, retail establishments, hotels, real estate developers, and appreciation from local citizens. Cultural facilities also boost a region’s economic engine. The 2002 redevelopment of Millennium Park in Chicago, for example, spurred $1.6 billion in revitalization nearby.
There are often dire predictions about the U.S. housing marketplace. Experts in the commercial sector worry about interest rates, construction labor shortages, and declining demand. In the government housing marketplace, however, the concerns all center on the great demand for affordable housing, student housing on college and university campuses, and homeless shelters and public housing needs that are hard to meet because of constrained budgets.
Cities throughout the United States are announcing revitalization projects. The trend is strong—so strong, in fact, that it’s hard to find a state without a number of cities either in the planning or launching stages of rebuilding their urban cores. These types of initiatives have common components, and they all have a need for private sector contractors, investors, and/or partners.
The recent Panama Canal expansion created what some call “a whole new world” for U.S. ports. Megaships now carry more tonnage, cargo is more diverse and much more of it is shipped throughout the world…especially to U.S. ports. Contractors are in high demand to help ports update infrastructure, add new rail lines, construct more storage facilities, enhance security and improve the efficiencies of port operations. Meeting the increased demand is a top priority at all U.S. ports and billions will be spent to make them competitive.