Diversify to Minimize Recession Impact

“The diversification of our company, not just geographically, but also in those vertical markets that we serve is huge,” says Gregg Scholtens, Executive Vice President for Nabholz Construction in Springfield. Scholtens says development projects like retail and hotels are usually the first casualties of a recession. Diversifying their project pipeline with small projects like service, concrete, and excavation also helped Nabholz stay financially healthy through the last recession.

Duration: 2:08