RIVERSIDE CONSTRUCTION COMPANY, INC.
50 YEAR ANNIVERSARY
As we look back on our fifty years in business it's good to reminisce on the past five decades and what has been the cornerstone of our success. One of our founding fathers, Gordon Lounsbury, was once asked this question and answered "It's our people that have made us successful". As a 100% employee owned company and with a core group of long time employees our future looks as bright as it ever has.
In 2015 after six years of stopgap bills and funding extensions President Obama signed into law a multi-year transportation funding bill, giving states and local agency's more confidence to release projects that are partially federally funded to bid. With the new administration in Washington, we are hopeful for additional funding for infrastructure and highway spending. In the interim as Federal and State funds dwindled local measures "A" and "I" (the 1/2 cent sales tax for transportation) has kept local Highway Construction going, good examples of this are Riverside County Transportation Commission's upcoming 60 Freeway Express Lanes Project in Corona/Norco and San Bernardino Associated Governments future I-10 Corridor project. As we move into 2017 we are optimistic that Federal and State Transportation funding will increase.
Our industry has seen large multi-national construction firms from around the world establish a presence in Southern California, heavy civil contracting is seeing some of its most competitive times in decades. Riverside Construction has been successful by aggressively bidding local projects and recently completing Caltrans emergency projects that repaired fire and flood damage as well as replacing deteriorating concrete freeway lanes. We will continue to use our local knowledge and nurture our business relationships with subcontractors and suppliers to maintain competitive edge in the coming years.