Mayor, contractors push back on state report condemning job creation numbers
September 18, 2019
Peter Curry was quoted in a ConstructionDIVE article which provided more information regarding job creation in New Jersey.
Below is an excerpt from the article.
After an analysis of select certified payrolls from 25 Camden, New Jersey, construction projects that were beneficiaries of tax breaks from the state, the New Jersey Economic Development Authority (NJEDA) found that only 27 construction jobs went to Camden residents. The mayor of Camden, Francisco “Frank” Moran, said in a letter to the NJEDA that its job creation numbers report painted an incomplete and inaccurate picture.
Peter Curry said construction job creation is important when figuring out the possible upside of a new development for local communities.
“$25 million of labor through the life cycle of a job might provide a total economic benefit of $35 million. However, as important as construction jobs are, tracking their creation can be difficult for some agencies”
To read the full article, click here