$8 billion rail funding offers hope for design firms
WAYLAND, MA-Design professionals are seeing the $8 billion investment the Obama administration is making in high-speed rail as a major impulse for architecture and engineering firms.
"The mass transit money will at a minimum have a ripple effect and stimulate the need for both public and private infrastructure improvements in the Northeast corridor, California and the Midwest," Arthur Schwartz, deputy executive director and general counsel with the National Society of Professional Engineers told The Zweig Letter , a weekly management journal published by ZweigWhite. "It would seem that if they have not already done so, design firms need to position themselves to participate in this significant opportunity."
The Zweig Letter published a special issue on new market niches on Feb. 22.
On Jan. 28, President Obama announced $8 billion in high-speed and inter-city passenger rail grants for projects in 31 states, with major investments in Florida and California. The grants are seen as a "down-payment on developing or laying the groundwork for 13 new, large-scale high-speed rail corridors across the country," according to the Department of Transportation.
New York City engineer Samuel Schwartz equates that investment in high-speed rail to that of Eisenhower's 1956 interstate highway system plan. His firm, Sam Schwartz Engineering, recently hired Howard Roberts, former head of New York City Transit, as senior vice president of transit and rail services, a new business line.
"Now we're getting serious about rail," he said. "I think what we hope we're seeing is 1956 all over again. We think we're right at the inception of a rail revolution."
About ZweigWhite: ZweigWhite is the nation's leading source of business management services for architecture, engineering, and environmental consulting firms. The ZweigWhite team consists of experts in strategic business planning, business valuation, ownership transition, human resources management, finance and administration, mergers and acquisitions, market research, marketing, project management and project delivery methods who collectively produce a comprehensive suite of products and services, including newsletters, industry reports, executive training, business conferences, and advisory services covering virtually every aspect of firm management. The firm is headquartered in Wayland, MA, with additional offices in, Chicago, IL and Washington, DC.
View this press release on zweigwhite.com.