Corporate Construction Activity Increases in NJ

Governor Chris Christie has announced a dramatic uptick in new and expanded corporate facilities in New Jersey from 23 projects in 2010 to 76 projects in 2011. The data comes from Site Selection Magazine and the magazine’s New Plant Database.

"Nothing demonstrates the strength of the New Jersey Comeback more than a jump in corporate construction projects," said Lt. Governor Kim Guadagno. "These projects mean more economic development, more jobs and greater economic opportunity. Altogether, it shows that Governor Christie's fiscally responsible, pro-growth policies are working."

According to the Governor’s press release on the issue, during the Christie Administration's first two years, New Jersey added about 60,000 new private sector jobs and attracted scores of companies. 2011 was the best private sector job growth year in New Jersey since 2000, according to Rutgers University economist Joseph Seneca.

The "Top Metros of 2011" article in the same issue of Site Selection lists three metro areas that cover New Jersey as among the top areas nationwide for new and expanded facilities in 2011.

The New York-Newark-Edison metro area ranks fifth and the Philadelphia-Camden-Wilmington metro area ranks seventh among metro areas with populations over 1 million.

The Allentown-Bethlehem-Easton metro area, which includes parts of northwestern New Jersey, ranks fourth among metro areas with populations under 1 million.

To qualify as a new and expanded corporate facility, a project must create 50 or more full-time regular jobs, involve at least 20,000 new square-feet, or involve at least $1 million for construction, land and building. Retail shopping, museums, local schools, government facilities and other public-sector institution and infrastructure projects do not qualify.

Site Selection, a corporate real estate and economic development publication, is published by Conway Data. The magazine is the official publication of the Industrial Asset Management Council.