2025 Commercial Buildings Get Billions $ in Funding

National 2025 Forcast: According to the American Institute of Architects, commercial construction spending is anticipated to increase by 1.7% this year before climbing to 4.2% in 2026. Meanwhile, spending in the industrial sector should grow 2.6% this year before contracting by almost equal amounts of 2.5% next year.

Ohio 2025 Forecast: While job growth may be tempered in 2025, future strategic developments suggest a cautiously optimistic economic trajectory for Ohio. Economist Bill LaFayette forecasts an addition of 4,500 jobs in central Ohio’s 1.1 million job market, indicating a slower growth rate than the national average.

Despite these challenges, significant investments are underway. Intel’s $28 billion semiconductor manufacturing project in New Albany will create approximately 3,000 high-paying jobs, positioning Ohio as a burgeoning hub for technology and innovation.

Ohio’s Major Metal Buildings: Ohio Governor Mike DeWine announced last month that Amazon Web Services (AWS) plans to invest an estimated $10 billion in additional funding to expand its data center infrastructure across greater Ohio. This will create hundreds of new, well-paying jobs by the end of 2030 and strengthen the state’s role as a central technology hub.

The new data centers will contain computer servers, data storage drives, networking equipment, and other technology infrastructure that powers cloud computing, including artificial intelligence (AI) and machine learning.

The new investment builds on the $7.8 billion investment plan announced by AWS last year, was in addition to the more than $6 billion already invested through 2022. The company’s announced planned investment in Ohio since 2021 will reach more than $23 billion by the end of 20, representing the second-largest planned investment by a single private sector company in the state’s history.

Michigan 2025 Economic Forcast: Michigan’s economy is forecast to grow moderately in 2025 at a pace roughly around the same as in 2024. However, these annual averages mask significant fluctuations within the year. Michigan’s unemployment rate rose to the highest in nearly three years in the fall of 2024 as motor vehicle and parts manufacturers cut jobs. Comerica projects that real GDP growth slowed in the second half of 2024, but it should stabilize and pick up over the next 12 months. Manufacturing business sentiment has risen since the election, boosted by expectations for higher tariffs that will protect manufacturers from foreign competition. Also, high interest rates and consumer prices, which dragged on the Great Lakes State’s economy in the past few years, will be less of a headwind in 2025.

Ford Blue Oval Battery Park in Michigan: Ford’s EV Marshall Michigan factory site helps the state maintain its automotive dominance. The project budget is $2.2 billion and may create 1,700 jobs.

Smaller EV plants and suppliers are planned for 2025, which will allow smaller construction companies to win these bids.