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.
Economic Development
With Recession in the Forecast, How Prepared is NJ’s Economy for Upcoming Rain?
Thursday, July 20th, 2023The Changing Faces of New Jersey Developers
Tuesday, July 18th, 2023“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.
Hinchliffe Stadium Opens New Opportunities for Paterson while Reconnecting to its Past
Tuesday, July 18th, 2023While 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.
Ten Years After Sandy, a Look at Population and Housing Trends at the Jersey Shore
Tuesday, October 25th, 2022Both 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?
Young People are Leaving New Jersey: Exploring Potential Explanatory Variables
Wednesday, June 22nd, 2022With 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.
Municipal Approach to Racial and Economic Inclusion
Friday, June 25th, 2021In a session entitled Municipal Approach to Racial and Economic Inclusion held at the 2021 New Jersey Planning & Redevelopment Conference and co-hosted by New Jersey Future and the New Jersey Chapter of the American Planning Association, elected officials explored what can be done to foster more racial and economic inclusion in planning and redevelopment.
How to Reinvigorate Retail-Anchored Downtowns in a Post-Pandemic World
Friday, June 25th, 2021Downtown economies need to reimagine retail. With empty storefronts plaguing Main Streets across the state and country, the How to Reinvigorate Retail-Anchored Downtowns in a Post-Pandemic World panel at the 2021 Planning and Redevelopment Conference offered insight about the future of downtown retail amid a time of uncertainty. Recognizing that the pandemic rewarded retailers that were “adaptive, resourceful, and capable of reinvention,” the panel described a large-scale placemaking project in the redevelopment of key sites in downtown Westfield and offered a forward-thinking perspective for attracting and retaining retail.
The Future of New Jersey: An Economic Forecast
Friday, June 25th, 2021The COVID-19 pandemic devastated New Jersey in terms of both human life and the economy, but as the state opens back up, there are reasons to be optimistic for New Jersey’s future. There are also demographic and real estate trends that we must proactively counter and remain mindful of as our economy bounces back. Jeffrey Otteau, Managing Partner and Chief Economist at Otteau Group, presented facts and figures to show where we’ve been, as well as projections to show where we’re headed, during The Future of New Jersey: An Economic Forecast keynote session at the 2021 Planning and Redevelopment Conference.
Community Benefits Agreements: Understanding the New Requirement and How to Create a Win-Win
Friday, June 25th, 2021Given that Community Benefits Agreements (CBAs) are built into the structure of the New Jersey Economic Recovery Act, which was signed into law in January 2021, it is no longer a question of if they will happen, but when they will happen. This is what Kelvin Boddy, Director of Healthy Homes and Communities at the […]
The Geography of Poverty and Race in New Jersey
Wednesday, October 14th, 2020Despite New Jersey’s urban resurgence in the years since the Great Recession, and despite concerns about gentrification expressed in popular media, high-poverty neighborhoods have not gone away.
