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College of Continuing Education News

Construction Management Labor Market Update

Commercial and Residential Construction
The construction industry is expected to grow in 2012, according to a recent survey conducted by HIS Global Insights, an international forecasting company, and state labor market experts agree. This is welcome news, considering how hard these two industries have been in the recent past. Contributing to this is a new state tax credit to help finance the rehabilitation of historic buildings. A study conducted by the University of Minnesota estimates that this tax credit alone will be responsible for approximately 1,800 new construction jobs in the next few years.

Facility Management
If you are a facility manager, you're in luck. There are more facility management jobs than there are graduates. In fact, there are up to five openings per graduate, according to reports at the recent International Facility Management Association conference. Not only are there more openings than graduates, within the next 10 years, anywhere between 50 and 70 percent of the current facility managers will be retiring. In Minnesota, the average salary for a beginning facility manager (FM) (Level 1 FM) with a bachelor's degree is $65,505, and ranges from $50,500 to $76,500, as per A. Peter Hilger, AIA, Faculty, FM Program Leader and Internship Adviser.

Highway Heavy and Civil Works
Highway heavy and civil works pertains to the construction of roads, streets, and bridges. Even though some consider this to be one of Minnesota's two seasons, before August 1, 2007, few of us probably gave much thought to this industry. The collapse of the I-35W Bridge over the Mississippi River instantly brought the importance of this industry into the minds of millions. And, according to Minnesota's Department of Employment and Economic Development, the industry is expected to show modest grow, both short- and long-term.

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