Economic stimulus package...

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Parsons, the engineering and construction firm based in Pasadena, announced Wednesday that it won a pretty sizable contract -- $98 million -- to construct a public road in Idaho.

And with a new economic stimulus package on the way, Parsons and companies like it -- many of which are in the San Gabriel Valley -- could be in for more.

Congress is in the early stages of talking about a $150-billion stimlus package, part of which could include nearly $40 billion in public infrastructure funding.

That money could go to private companies, who would then contract with others to build public projects.

People are optimistic about such a package, for what it could mean to the region's economy.

"I would love to see us investing in the rebulding of America in a way that puts Americans to work in good paying jobs and gets our economy moving again, said Rep. Adam Schiff, who represents the area.

The prospect of another government injection of money into the economy has Parsons' attention.

"If they were going to fund something like that, it would be in our best interest as a business to look into that," said Tim Davis, project engineer for Parsons. 

 

 

 

 

 

  

 

 

About this blog

Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.

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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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About this Entry

This page contains a single entry by Ryan Carter published on October 22, 2008 6:24 PM.

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SanGabe.biz is the San Gabriel Valley Newspaper Group's online resource for local business development. Get info on tax law, accounting, legal forms, marketing, sales and more.
The San Gabriel Valley Small Business Development Center offers classes, counseling and consulting for entrepreneurs and small business owners. The SBDC is a partnership between Mt. San Antonio College and the U.S. Small Business Administration.
The San Gabriel Valley Economic Partnership is a nonprofit corporation dedicated to improving the valley's economy.

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