Trump will unveil a plan to transform Turner Construction from a private-sector company into a publicly traded company, Politico reported.
The plan will allow the company to expand its operations and hire more employees, the newspaper reported.
Trump’s transition team did not immediately respond to a request for comment.
The move would allow Trump to expand Turner’s footprint in areas where it is currently headquartered, such as Pennsylvania, North Carolina and Virginia, Politico said.
“The Trump transition team is now in the process of taking a final look at how we can best help the President-elect and his administration as they embark on their transition to the White House,” a Turner spokesperson said in a statement.
The company, which has a workforce of 1,500 workers in its Philadelphia headquarters, has been struggling since the 2008 financial crisis, the New York Times reported.
Its stock is down more than 70% since the election.
In the years since, Turner has been forced to rely on public subsidies to keep its business afloat.