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The Construction Institute
P.O. Box 220808
Boston, MA 02122

tel: 617.436.4159
fax: 617.436.4163
email: info@builtbest.org

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Community Involvement

Community Involvement: Investing in Our Communities and Our Local and State Economy

Topping Off Ceremony at Greater Boston Food Bank: (Photo courtesy of the Greater Boston Food Bank)
Topping Off Ceremony at Greater Boston Food Bank: (Photo courtesy of the Greater Boston Food Bank)
The alliance between unions and contractors in the construction industry has created a community of people eager to better our skyline, our economy and our community. Our union craftspeople and contractors have donated thousands of hours and materials to dig dugouts for Little League baseball; construct schools, teen centers, and food banks; and build homes for Habitat for Humanity and returning veterans. They have raised millions for college scholarships, Boys and Girls Clubs, the Scouts and medical research. Although many of these charitable contributions are made quietly, they are enjoyed by our communities and residents year after year.

Our ability to lure capital to Massachusetts also provides economic development that benefits local communities and the entire state. Union pension fund investments in union-backed real estate investment funds generate millions of dollars worth of real estate development in Massachusetts. These investments return gains to the pension funds while creating hundreds of jobs for building trades and other workers and enhancing our state and local economies.

A 2006 study conducted by ECONorthwest, Inc. showed the effect on regional economic activity of 6 union-backed projects funded by the Multi-Employer Pension Trust (MEPT) in Boston. Direct expenditures of $97.5 million resulted in an overall output of nearly $207 million, $87.7 million in personal income and 1,638 jobs.

What’s more, it is worth noting that because union contractors pay excellent wages and benefits, their spending power is stronger which helps other businesses and services and state tax revenues. It also reduces the burden of healthcare costs on our communities and reliance on social programs by union workers.

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