Economic Development

As the world slowly but surely emerges from the challenges of the COVID-19 pandemic, all of us are evaluating the new parameters of our state and national economies that have experienced stimulus spending, historic inflation, supply chain disruptions, and high interest rates all in quick succession.

“Nationally, Black and Hispanic people are acutely underrepresented in real estate development…Black and Hispanic real estate developers represent less than 1% of their industry across the nation, even though Blacks make up 14% and Hispanics make up 18% of the total population. New Jersey’s affordable housing development space shows similar disparities.

While New York City boasts the “House that Ruth Built”, and Cooperstown and Kansas City host hall of fames, New Jersey’s role in the history of baseball, and in particular, NJ’s open exhibition of Black baseball during segregation is often overlooked. Hinchliffe Stadium was once a bustling hub for Black baseball, drawing fans from across the region to Paterson, NJ to see the best players of the day.

Both before and after Superstorm Sandy, the trend at the Jersey Shore has been toward higher home values, a smaller percentage of housing units being occupied year-round, and an increasing presence of retirees among year-round residents. Is the Shore becoming a playground for the rich? And specifically rich retirees?

With the youngest members of the demographically large Millennial generation (roughly, those born between 1981 and 1996) aging into young adulthood, the number of people between the ages of 25 and 44 increased nationwide by 3.5% between 2015 and 2019. In New Jersey, however, the population in this age range declined by 1.2% over the same time period, with high housing costs appearing as a major motivating factor.

The Economic Opportunity Act of 2013 included additional incentives for projects destined for “smart-growth” areas. This report analyzes how effective the updated incentives have been at directing growth to those areas. December 2014.

2016 Smart Growth Awards: Alfred C. Koeppe, business leader and champion for economic development in New Jersey, is the recipient of the 2016 Cary Edwards Leadership Award.

This report and related case studies summarize the state of urban water infrastructure in New Jersey and how it affects residents and businesses. May 2014.

2013 Smart Growth Awards: Diane Sterner, the founding executive director of the Housing and Community Development Network of New Jersey is the recipient of the 2013 Cary Edwards Leadership Award.

2014 Smart Growth Awards: Joe Maraziti Jr. Esq., a pioneer in the fields of redevelopment and environmental law in New Jersey, is the recipient of the 2014 Cary Edwards Leadership Award.