Activity on construction sites may look about the same as it did 10 years ago, but changes are underway when it comes to company diversity. According to business analysts, diversity affects the electrical industry and the economy as a whole. Many customers—especially large companies and government entities—require (or offer) benefits if a percentage of contractors are majority-owned by an ethnic minority, woman, veteran or disadvantaged enterprise. Such companies are now securing projects where, in the past, they would have had a hard time competing against more established firms.
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