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Applications are due March 13. Bucks, Chester, Delawarr and Montgomery countiesare eligible, as are municipalities identifiecd as “growing suburbs” and as “rural that have at least 100 acres of designated “future growtbh area” in the planning commission’s “Destination 2030 Long-Rangre Plan.” Commercial construction spending is expected to declind by 11 percent this according to the biannual Consensus Construction Forecast, a surveg of the nation’s leadingg construction forecasters. Sectors that will suffer the most are projectecd to be office andretailo construction.
The credit crisis has had a dramatic impacty onconstruction activity; since financing has become difficult, developera have put on hold or killed construction For those projects that do go developers will experience a decline in the cost sinc prices have dropped for key construction commodities, including steel, gypsum products, lumber and cement.
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