December 13, 2018
Today, PILMA in partnership with the Institute for Construction Economic Research (ICERES) released a first of its kind report quantifying the economic impact of the partnership between the building trades unions and the biopharmaceutical industry. Main takeaways include:
- The partnership between skilled craft unions and biopharmaceutical companies helped drive $14 billion in construction investment on 249 major projects active at any time between 2012 and 2017 in 11 states.
- Skilled craft union workers earned a minimum of $454 million on biopharmaceutical construction projects over the study time period.
- 14 different trades contributed more than half a million labor hours to the projects with considerable investment in apprenticeship programs.
View the full study at pilma.org/unionjobs.
View the press release.