May 19 2014
Bay Market Net, the largest single source partner for foreign, engineered fastening product and pop rivet manufacturers selling in the United States, discusses the potential for growth in the construction and manufacturing sector due to a $1 billion deal in the state of Minnesota.
According to the article published by The Star Tribune on May 14 titled, "Deal reached on $1 billion construction measure," legislators in Minnesota have allocated over $1 billion to fund the necessary construction of new buildings, houses, and economic development initiatives all over the state.
The article says about $126 million will go to the state to finish renovations on the State Capitol building and $240 million will be used to renovate buildings at the University of Minnesota. Old roads and bridges will also receive renovations through this deal, the article says.
"The bill also includes a robust investment in roads and economic development, which go hand in hand—our transportation infrastructure must keep pace with our growing economy," says Sen. LeRoy Stumpf, DFL-Plummer.
Michael Eichinger, the vice president and COO of Bay Market Net, the leading partner for foreign pop rivet and fastening product manufacturers, says this construction agreement was necessary to stimulate the economy and ensure that important buildings, bridges, and roadways are preserved. "It's very important that states refurbish old bridges and roads to ensure the safety of its citizens," he says. "This construction deal was a long time coming. It has the potential to create many jobs, stimulate the economy and beautify the state."
Source: http://baymarketnet.com/