Annual Report 2001

Page 7

In seeking to better serve the industry and inform public debate on issues concerning design and construction, the Building Congress, in collaboration with the Building Foundation, has made research a major new area of focus.

This emphasis acknowledges the need to enhance recognition of the positive impact the design, construction and real estate industry has on economic development and job creation in New York City. In addition, the Building Congress is endeavoring to demonstrate the negative economic impact failing to invest in vital infrastructure maintenance and expansion projects would have
on the City’s long-term growth and prosperity.

Construction Industry Outlook
In 2000, theBuilding Congress and Foundation collaborated with Urbanomics, a well-respected economic research firm, on a report documenting New York City’s recent surge in construction activity and employment, and forecasting levels of activity for the coming years. Importantly, the report also reviewed problems inherent in such activity, including labor shortages and further strains on the City’s infrastructure.

This Outlook report was the second in a series designed to broaden understanding of the building industry’s vital contributions to New York City. A third installment is planned for 2001

Development Overview
The Foundation currently is examining issues affecting the City’s prospects for future development, including capacity, planning, and competitive aspects of the economy.

Energy Supply
The Energy Committee of the Building Congress, in association with four major labor and business groups, recently released Electricity Outlook: A Matter of Urgency, which documents the expanding gap between New York City’s rising electricity needs and its available generating capacity. These findings – as well as the coalition’s recommended solutions – were the subject of a major press conference in January, 2001..