Volvo Rents has opened a new rental center in the Central Valley city of Turlock, Calif., giving the company 14 branches in the Golden State. A recent forecast by economists at IHS Global Insight says California will spend $723 billion on construction through 2016 and have the largest gain in yearly spending dollars, $76.4 billion.
California will also have the third-highest annual average percentage gain in construction spending at 15.6 percent.
“There’s evidence showing a bit of sunshine for the construction industry that has seen too much rain,” said Volvo Rents vice president of business development Mike Crouch. “We couldn’t be more excited about expanding our California footprint and providing the necessary equipment and services that will no doubt accelerate the projected recovery.”
Fast-growing Volvo Rents, based in Shippensburg, Pa., is No. 21 on the RER 100.