ESI VP Lee Huang featured in Philadelphia Inquirer article on how nonprofit developers help economy in N.J.
Huang discussed the numbers ESI found in its analysis of the state’s nonprofit developers. Among the numbers discussed:
- Over the last 25 years, non profit developers have made a total investment of $6 billion in New Jersey
- Up to 82,000 jobs and $5.5 billion in wages have been added to New Jersey’s economy.
- New Jersey has made $320 million in state tax revenue from nonprofit developers.
- South Jersey has had 390 nonprofit development projects that have accounted for $4.8 billion in economic impacts.
- A total of $12 billion in has been added into the state’s economy thanks to nonprofit developers.
To read the article in its entirety, click here.
Tags: article, construction, housing, investment, land management, New Jersey