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ACEC News / President's Monthly Update
President's Monthly Update--May 2019
It’s been a busy April at the Council – in advocacy, our lobbyists are laying the essential groundwork for FAST Act reauthorization, funding for the National Levee Safety Program, funding for the EPA Superfund, WIFIA expansion, and a revised definition of the Waters of the United States (WOTUS). We’re also working to raise the public profile of the Council, briefing senior staff at ENR magazine on our priorities; ACEC Chair-elect Mitch Simpler was featured in a New York Times article on an energy efficiency initiative; and Steve Hall, Senior Vice President for Advocacy and External Affairs, was quoted on the so-called “transparency” issue we are keeping tabs on. You can also view the work of our new Public Policy Agenda material prepared by our new Director, Strategic Communications, Jeff Urbanchuk – look for it here. And if you haven’t seen the “new look” of our homepage at the ACEC website, check it out here. We’re in the final stretch before ACEC’s Annual Convention and Legislative Summit in Washington, D.C. next week; there’s still time to register if you haven’t already done so. See you soon!
Advocacy / Member Organizations
ACEC/Indiana Scores Two Big Wins in Latest Legislative Session
During the just completed legislative session, ACEC/Indiana won passage of laws expanding water infrastructure planning/funding and limiting professional liability.
ACEC News / Member Organizations
PAC Leadership Circle Program Puts Georgia Over ACEC/PAC Goal
For the fifth consecutive year, ACEC/Georgia has hit its 2019 ACEC/PAC fundraising target. Going into Convention, Georgia is the biggest fundraiser in 2019, bringing in more than $40,000 and showing no signs of stopping. In 2018, Georgia was the fourth-highest fundraiser, raising more than 150 percent of its goal.
ACEC News / Infrastructure Funding
ACEC’s Darr Stresses Urgent Need for Infrastructure Investment in New Podcast
ACEC President/CEO Linda Bauer Darr called for immediate solutions to fix and sustainably grow the Highway Trust Fund (HTF) and modernize the nation’s infrastructure in a podcast from the Americans for Transportation Mobility Coalition.
ACEC News
ACEC Refreshes Website to Position Council “as the Preeminent Voice of the Engineering Industry.”
ACEC President/CEO Linda Bauer Darr discusses how the revamped ACEC website will both improve the member experience and “reflect the importance of the engineering industry to the American people in the best way possible.”
Boxwood Merger Corp. (Nasdaq: BWMC, BWMCU and BWMCW) (“Boxwood”), a publicly-traded special purpose acquisition company, and Atlas Intermediate Holdings LLC (“Atlas”) (combined together with Boxwood, the “Company”), a leading provider of professional testing, inspection, engineering and consulting services, announced today that they have entered into a definitive agreement whereby Atlas will become a wholly-owned indirect subsidiary of Boxwood. Immediately following the proposed transaction, Boxwood intends to change its name to Atlas Technical Consultants, Inc. (“Atlas Technical”) and its shares of Class A common stock are expected to continue to be listed on The Nasdaq Stock Market under the ticker symbol “ATCX.”
The joint venture of Gannett Fleming and Dewberry announced that it was awarded one of four five-year engineering/architecture indefinite delivery, indefinitely quantity (IDIQ) contracts issued by the U.S. Army Corps of Engineers (USACE) Jacksonville District.
WEST was awarded a 5-year Indefinite Delivery Architect-Engineer Contract worth up to $4.5 million from the U.S. Army Corps of Engineers (USACE), Los Angeles District for AE Hydrologic and Hydraulic Services for Civil Works Projects.
Indicators
ACEC Engineering Business Index (EBI)
62.6 (2Q, 2019)
62.2 (1Q, 2019)
Engineering Employment
1,521,800 (July)
1,517,500 (June)
Construction Spending
$1,286,997,000 (June)
$1,303,427,000 (May)
ACEC Stock Index
38.16 (August 5)
41.90 (July 29)
Dodge Momentum Index
138.9 (July)
145.6 (June)
Morrissey Goodale M&A Index
297 Deals year-over-year (August)
312 Deals year-over-year (July)
AIA Billings Index
49.1 (June)
50.2 (May)
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