Manufacturing projects are also poised for expansion, with Trump's policies favoring onshoring and domestic production through tax breaks and streamlined permitting. Traditional infrastructure, such as roads and bridges, is likely to receive more focus, with potential shifts in funding priorities away from clean energy and electric vehicle projects. The administration's emphasis on fossil fuels and traditional infrastructure could reshape the construction landscape, creating opportunities for contractors in these sectors.
Key takeaways:
- Data center construction is expected to experience significant growth, driven by investments from tech companies and initiatives like Project Stargate.
- The demand for energy projects is anticipated to increase due to the rising energy consumption of data centers, with a focus on nuclear and fossil fuel projects.
- Manufacturing projects are likely to continue flourishing with enhanced tax breaks and streamlined permitting processes under the Trump administration.
- Traditional infrastructure projects, such as roads and bridges, are expected to receive more focus, with potential shifts in funding priorities impacting existing projects.