Industry leaders convened at SUNY Adirondack's Wilton campus for a panel discussion on the current state of construction in Saratoga County. Organized by the Saratoga Chamber of Commerce and Saratoga Economic Development Corporation, this event marked the first "Industry Influencers" gathering of 2025. The executives addressed key issues such as workforce development, rising operational costs, and adapting to changing labor dynamics. They emphasized the importance of creating new pathways for young talent and managing increasing business expenses.

Building the Future Workforce: New Strategies for Talent Acquisition

The panelists highlighted the challenges and opportunities in attracting and developing new talent within the construction sector. Mike Munter from Munter Enterprises expressed optimism about emerging programs that are helping to channel young adults into the industry. These initiatives aim to provide alternative career paths beyond traditional university education, emphasizing hands-on skills and practical experience.

Munter noted that partnerships with organizations like Northeast Construction Trades and BOCES have been instrumental in creating pipelines for young workers. Programs such as CTE Works career jams are actively engaging youth and showcasing the diverse career options available in construction. This shift is crucial as traditional recruitment channels, like farm kids, have diminished. The focus now is on preparing individuals from various backgrounds for roles in construction, ensuring they receive the necessary training and support to succeed.

Navigating Rising Costs and Economic Uncertainty

Executives also delved into the financial challenges facing the industry, particularly the rising operational costs and economic uncertainties. Kylie Holland from Curtis Lumber discussed the impact of tariffs and inflation on business operations. She mentioned that while the full extent of tariff implications remains unclear, these factors could significantly affect the industry throughout 2025. Higher operational and labor costs are putting pressure on businesses, making it essential to find ways to mitigate these expenses.

Holland pointed out that interest rates play a critical role in shaping the economic landscape. There is cautious optimism that rates may decrease in 2025, potentially alleviating some financial burdens. David Collins from DA Collins Companies echoed similar concerns, noting that the changing demographics and shrinking pool of younger workers add to the complexity. He stressed the need for innovative strategies to attract and retain skilled labor, despite the increased competition and liability risks. As the industry navigates these challenges, collaboration and adaptability will be key to sustaining growth and success.