Florida employs more construction workers than almost any other state and is home to some of the most high-profile construction projects in the nation. Fort Lauderdale itself will soon be host to the Breakers Avenue Streetscape Project, a project that will employ numerous local construction workers and is designed to build a sustainable public space. But what makes Florida so appealing to construction companies and their workers?
Below, we will discuss the statistics that prove why Floridians live and breath construction. For any and all of your construction-related legal needs, consult a Fort Lauderdale construction attorney from Cotney Construction Law.
A Corner on Construction Projects
A report released by GlobalData confirms that Florida is among the top states for construction. Out of the over 11,200 public and private construction projects currently in development or under construction in the U.S., 60 percent of the total value ($3.7 trillion) is located in only 10 states. With its construction projects valued at just under $300 billion collectively, Florida represents a substantial portion of that value. Only California, Texas, and New York edged out Florida for having construction projects of higher value. Furthermore, the number of mixed-use construction projects in Florida is growing at a faster rate than in any other state.
A Wealth of Opportunity for Workers
In addition to hosting a multitude of high-value construction projects, Florida is home to a thriving community of laborers, construction managers, carpenters, and equipment operators. As reported by AGC of America, construction employment in Florida totals 558,400. The median pay for Florida construction workers is $49,000, three percent higher than the state average for all employees in the private sector. Furthermore, with the industry’s widespread labor shortage, the state’s construction firms are striving to hire and retain skilled workers. It’s clear that there is no better time to join this thriving industry.
In Order to Ensure a Bright Future
The Florida construction industry is showing few signs of slowing down. But even with this incredible outlook, there is still reason for concern. Construction companies that want to continue to work on high-profile projects have a myriad of hurdles to contend with, including payment disputes, construction defects, and OSHA inspections. In order for Florida to remain one of the top states for construction, contractors will need to take precautions to protect themselves against the common problems that plague the industry.
At Cotney Construction Law, we can provide expert representation and defend your company from legal threats while it continues to grow. For aid with contract drafting, arbitration and litigation, and OSHA defense, consult a Fort Lauderdale construction attorney from Cotney Construction Law.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.