The Equipment Leasing & Finance Foundation has released the October 2019 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 51.4, a decrease from the September index of 54.7.  Details here. 

With a focus on empowering people to build their future, Build Your Future Arizona (BYF Arizona) was established through a private-sector, industry-driven campaign of the Greater Phoenix Chamber Foundation in partnership with the national Build Your Future (BYF) initiative. BYF Arizona showcases the incredible opportunities available for people to find fulfilling, high-paying careers in the construction professions—careers that can be started right out of high school, with minimum training, and allow for earning money while you learn. Details here. 

Restoration Builders Inc. announced the company has completed the asset purchase of Elbert Construction LLC. The company projects that their consolidated companies together will achieve approximately $100 million in revenue for 2019. Details here. 

Rosendin, the electrical contracting industry’s largest employee-owned firm, has announced Matt Lamb as its new chief information officer (CIO), to replace Sam Lamonica, who will retire December 2019. Details on the CIO role, Lamb and Lamonica here. 

New construction starts moved 5% lower in September to a seasonally adjusted annual rate of $774.1 billion, according to Dodge Data & Analytics. This marks the second consecutive monthly decline in construction starts. Details here. 

Women of Asphalt (WofA) has announced the appointment of 11 women to serve as its first Board of Directors. These accomplished women come from all facets of the asphalt industry and represent the wide range of positions and responsibilities women hold in the asphalt industry. Details here. 

Illinois State Senator Martin Sandoval has stepped down as chair of the state’s transportation committee amid an FBI probe into construction fraud and corruption.