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Showing blog posts tagged with AFL-CIO Building Investment Trust

AFL-CIO Equity Index Fund Tops $5 Billion—Housing and Building Trusts Create Jobs, Build Communities

AFL-CIO Equity Index Fund Tops $5 Billion—Housing and Building Trusts Create Jobs, Build Communities

The AFL-CIO Equity Index Fund announced that it has surpassed $5 billion in market value through investments by more than 75 union, Taft-Hartley and public employee pension funds. AFL-CIO President Richard Trumka said:

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New BIT Investment Creates Good, Safe Jobs in Oregon

The groundbreaking ceremony for a new $43.2 million multifamily project in Portland, Ore., financed by the AFL-CIO Building Investment Trust (BIT), that will create hundreds of construction, service and maintenance jobs performed by highly trained union workers also served as a Workers Memorial Day remembrance Monday.

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Workers Honored at Seattle BIT Project

BIT Photo/Flickr

In West Seattle, workers from the unions of the Seattle Building and Construction Trades Council (SBCTC) are in the middle of a major green construction project that will convert an area that sat vacant for more than five years into a nearly 200-unit rental property.

The $48 million Youngstown Flats project, funded by the AFL-CIO Building Investment Trust (BIT), will be completed in the spring and is bringing a big boost to the local economy. Last week, BIT officials and local labor leaders took time off to honor the workers at a ceremony and special luncheon on site for “dedicating their time and skills to making this building project a reality.

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