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Many startups are popping up to provide hardware and software that creates efficiencies on construction sites, as well as to sell and rent equipment to the construction industry.

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Why it’s hot: Spending on U.S. construction projects has steadily increased over the past five years. In 2016, the U.S. industry was valued at nearly $1.2 trillion–up 47 percent from 2011, according to the U.S. Census Bureau. And President Trump’s proposed $1 trillion investment…