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January 6, 2016 • Vol. XXIX • No. 1 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
Individualized Care Coming to Tenn. Seniors Construction crews in Tennessee are working to complete a senior care facility that will provide residents with individualized health care services in a country club-like setting. In 2015, Winter Construction broke ground on the Canterfield Senior Living community in Franklin, a southern suburb of Nashville. “Site exploration and demographic research indicated the need in Franklin for a facility such as Canterfield,” Win Porter, Medical Development Corp (MDC) president said. “Canterfield will attract a more independent resident than other typical assisted living projects in the Franklin area, because of its socially focused activities and programs. “MDC has an over 30-year history of building and managing properties for older adults,” said Porter. “In addition, MDC has spearheaded and maintained several hospitality industry properties.” The three-floor building includes 74,000 sq. ft. (6,874 sq m) of total space. Because MDC is involved in hotel and restaurant properties, the Canterfield concept takes advantage of both the continuum of health care with the services and amenities of the hospitality industry. Facilities are designed to allow the resident to age in place, while satisfying each individual’s needs and desires in an
By Cindy Riley
CEG CORRESPONDENT
Inspiration Strikes at Cummins in Cartersville, Ga. …8
JM Wood Finishes Strong With Dec. Sale…78
see CANTERFIELD page 68
EC Bush photo
Canterfield of Franklin will consist of a three-story, 91-unit assisted living building.
Nov. Job Growth Up in Construction Industry Ritchason Auctioneers Hosts Final Sale of 2015…80
Table of Contents ................4 Attachment & Parts Section ......................................31-36 Truck & Trailer Section ........ ......................................37-43 Recycling Section ........47-59
Strong demand for construction projects fueled job growth in November in 38 states compared to October and in all but six states over the past 12 months, according to analysis of Labor Department data released Dec. 18 by the Associated General Contractors of America. Association officials said, howev-
er, that the shortage of available workers was likely keeping firms from expanding headcounts even more rapidly in many parts of the country. “In nearly every state, contractors are busier now than a year ago,” said Ken Simonson, chief economist for the association. “Employment is up, but the indus-
try would be expanding even more rapidly if contractors could find enough qualified workers.” Nationally, construction employment climbed by 4.2 percent from November 2014 to November 2015 — more than double the rate for total nonfarm employment, Simonson noted. He added out that construction spend-
ing rose 13 percent in the latest 12 months, suggesting a need for even more workers. He cautioned that filling those openings may be difficult in many states because the number of unemployed jobseekers in November who last worked in construction was at the lowest November level in 15 see EMPLOYMENT page 66
President Signs Tax Extenders Bill Into Law On Dec. 18, President
tives. Among the most vital
companies much needed
begin in 2016. First and
thereby removing the sin-
extenders legislation that will extend more than 50 expired provisions of the tax code, including several key pro-business initia-
the extenders bill will expand and make permanent the Research and Development (R&D) Tax Credit, providing U.S.
to one of the most valuable and pro-growth tax incentives. The two key expansions to the R&D Tax Credit will
less than $50 million in gross receipts will now be able to claim the credit against their Alternative Minimum Tax (AMT),
ing companies from claiming the credit in the past. Secondly, the bill includes a provision that opens the
Auction Section ............76-85 Obama signed into law tax aspects of the legislation, certainty and greater access foremost, businesses with gle greatest barrier preventBusiness Calendar ............77 Advertisers Index ..............86
see LAW page 82