The construction sector has taken a significant hit since the beginning of the recession, because a number of businesses have cut back on construction spending. Because a various businesses are hesitant to add on to their offices or upgrade their workspace, construction has been at a lull with the exception of government jobs.
However, there are some projects that are just getting off of the ground, like the CitySquare development project in Worcester, Massachusetts, according to the Boston Globe. Analysts have suggested that this is the largest private development in the history of Massachusetts outside of Boston.
For the initial phase of the project, city officials estimate that more than 300 construction jobs
will be added to go toward the project, in addition to 50 permanent full-time jobs. CitySquare will consist of 600 living units and more than 1 million square feet of office and retail space.
Government officials were on hand to break ground on the project, noting it as an "incredibly important day." The area occupies most of downtown Worcester, and Lieutenant Governor Timothy D. Murray told the news provider that the project will reshape the city for decades to come.
To help fund the project, the state is contributing more than $11 million for public infrastructure improvements and demolition, which is on top of a previous $25 million grant. The city of Worcester is also supplying an $11 million grant.
This is a significant boost in terms of construction opportunities for the area, but analysts believe that employment in the sector will begin to pick up on a national level at a rapid rate. According to the Bureau of Labor Statistics, estimates suggest that employment in the construction industry
will grow by 19 percent through 2018.