2022 Marcum Northeast Ohio Construction Survey

FINANCIAL SNAPSHOT FINANCING Although pandemic programs like the Paycheck Protection Plan have ended, ongoing historically low interest rates in 2021 and underlying macroeconomic strength meant finances remained solid among construction companies. Respondents’ opinions on the ability to obtain financing was slightly better for respondents in Northeast Ohio than it was for those in the rest of the nation. Only 5% of respondents said financing was more difficult to obtain – the lowest number we’ve ever recorded. In short, we are seeing one of the healthiest credit markets ever.

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