10.11.2008

American Associations call for help

In a joint effort, the American Rental Association (ARA), Associated Equipment Distributors (AED), Association of Equipment Manufacturers (AEM) and the North American Equipment Dealers Association are urging the United States Senate and House of Representatives to take action to help support the US equipment industry.

Together, the industries these organisations represent are concerned with the sharp declines in nonresidential investment - down 7.9 percent and investment in equipment and software - down 5.5 percent, following a five percent drop in the second quarter of 2008.

The call for action includes the passing of a job creation and economic recovery package that includes increases in federal infrastructure spending and extends for two years, the capital investment incentives in the Economic Stimulus Act.

Christine Wehrman, ARA executive vice president and chief executive said: “The time to act is now to prevent further deterioration within the construction equipment industry. This action is imperative to the future of an industry that affects so many jobs across America. Our vice president for government affairs, John McClelland, is working very closely with political leaders in Washington, DC to keep this legislation moving forward.”
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Christine Wehrman