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Nevada to Receive $2.5 Billion in Transportation Funding Under Five-Year Federal Legislation

November 17, 2021 - in Financial, News

CARSON CITY, Nev. –  The Nevada Department of Transportation is applauding the signing of the new five-year federal infrastructure funding bill, which will support the Department’s ability to maintain and build the State’s vast network of roads,…

The Autodesk Foundation and Siegel Family Endowment Invest in ASME’s Engineering for Change Research Fellowships

November 16, 2021 - in Corporate, Financial, News

Executives from both organizations will participate in Impact.Engineered virtual event, Dec. 2 NEW YORK  — With its focus on positive social…

Video: November Economic Update 2021 from ACEC

November 15, 2021 - in Financial, News, Videos

ACEC's VP of Private Market Resources, Erin McLaughlin, takes a look at the current economic trends impacting the A/E industry.

New Mexico utilities to invest more than $11 million in electric vehicle infrastructure and education programs

November 12, 2021 - in Financial, News

The Public Service Company of New Mexico can invest $10 million in a suite of electric vehicle programs, with more than $3 million targeting low- and moderate-income families, a promising first step for delivering the economic and health benefits of electric…

Louisiana to receive nearly $6 billion from Infrastructure Investment and Jobs Act

November 9, 2021 - in Financial, News

Baton Rouge – Today, the Louisiana Department of Transportation and Development announced that the state is slated to receive nearly $6 billion from the Infrastructure Investment and Jobs Act (IIJA) after the United States House of Representatives passed…

Xylem Reports Third Quarter 2021 Results

November 3, 2021 - in Financial, News

Orders growth of 22% on a reported basis, 20% organically, from strong underlying demand across segments Revenue growth 4% on a reported basis, 2% organically Net income as a percentage of revenue of 9.0%, up 600 basis points; adjusted EBITDA margin of 17.9%,…

Nemetschek Group: Strong business development in Q3 2021 with high growth momentum in subscription/SaaS models

October 28, 2021 - in Financial, News

+48.0% revenue growth in subscription/SaaS models to EUR 34.5 million in Q3 +13.9% Group revenue growth to EUR 169.3 million +16.4% EBITDA growth in Q3 to EUR 54.4 million, EBITDA margin increases to 32.1% +35.7% growth in earnings per share to EUR 0.30 in…

ConTech Company Bridgit Announces $24 Million CAD Series B Funding Round

October 27, 2021 - in Financial, News

The leader in construction workforce intelligence has doubled in size since its Series A funding round, and announced the hiring of two new executives.   TORONTO, ONTARIO - Bridgit, a Toronto-based workforce intelligence technology company that’s focused…

AASHTO Survey Details Harm Of Short-Term Funding Extensions

October 25, 2021 - in Financial, News

A new nine-page survey conducted by the American Association of State Highway and Transportation Officials details the potential state-by-state fallout from short-term federal program and funding extensions on individual state department of transportation…

Senator Murray Helps Pass Bipartisan Bill to Allow Unspent COVID Relief Dollars for Culvert Removal, Infrastructure, and Disaster Relief

October 22, 2021 - in Financial, News

Bill will allow state, local, and Tribal governments to direct unused federal COVID relief funds for infrastructure projects, such as culvert removal, as well as natural disaster relief (Washington, D.C.) – Last night, following the U.S. Senate passing…