Fast Facts - Philadelphia Business Journal:

http://wood-news.com/news/wood/3420/
Applications are due March 13. Bucks, Chester, Delaward and Montgomery countiesare eligible, as are municipalitiees identified as “growing suburbs” and as “rurap areas” that have at least 100 acres of designater “future growth area” in the planninhg commission’s “Destination 2030 Long-Range Plan.” Commercial construction spendingg is expected to decline by 11 percent this year, accordingy to the biannual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters. Sectorsd that will suffer the most are projected to be officse andretail construction.
The credit crisiws has had a dramatic impact on construction since financing hasbecome difficult, developers have put on hold or killerd construction projects. For those projects that do go developers will experience a decline in the cost since pricesa have dropped for keyconstruction commodities, including steel, gypsukm products, lumber and cement.