This graphic shows the total cost of construction since 2017, these numbers show the amount of investment, primarily from the private sector, in a given year, through construction. The chart below also illustrates how major projects, like POET Biorefineries, can drastically skew this indicator, like it did to the industrial construction in 2018. Excluding the outlier of Industrial Permits, the remaining construction costs in commercial and residential areas accounted for just over $52 Million in 2021. We anticipate another healthy year of growth in all sectors, with a couple of large industrial projects underway, as well as large residential projects including Summerfield, Stratford Place, and the recently approved MI Homes Subdivision.