ECONOMIC ANALYSIS OF THE NEW JERSEY HOUSING & JOBS INITIATIVE

Report to the Affordable Housing Network

Project Community
Center for Urban Policy Research

December 21, 1995

APPENDIX A



APPENDIX A: Affordable Housing Development Fund PC I-O Results

  • (Without Leveraging)
  • (Employment In Jobs, Not Necessarily Exact Full-Time Equivalents)
  • (DOLLAR FIGURES IN THOUSANDS)
  • EMPLOYMENT OUTPUT WAGES VALUE ADDED
    AGRICULTURE .2 76.6 33.7 48.9
    AGRI. SERV., FORESTRY, & FISH 11.3 415.0 249.7 274.6
    MINING 5.0 615.3 265.9 359.1
    CONSTRUCTION 965.2 64689.9 49274.0 53525.5
    MANUFACTURING 353.5 56233.3 16032.2 21645.8
    TRANSPORT. & PUBLIC UTILITIES 74.2 11472.0 3794.4 7165.1
    WHOLESALE 80.7 17680.4 3600.1 11142.6
    RETAIL TRADE 389.7 18436.6 8683.8 10153.5
    FINANCE, INS., & REAL ESTATE 78.2 13404.7 2752.6 7806.6
    SERVICES 366.9 21885.5 11910.2 13703.5
    GOVERNMENT 56.9 1295.9 922.0 802.5
    TOTAL 2381.7 206205.3 97518.4 126621.2
    MULTIPLIERS 1.760 1.724 1.476 1.599

    WAGES-NET OF TAXES= 75803.2
    TOTAL STATE TAXES = 7847.0
    TOTAL LOCAL TAXES = 8174.3
    TOT. FEDERAL TAXES= 24058.0
    OTHER VALUE ADDED = 10738.8
    TOTAL VALUE ADDED = 126621.2
    TOTAL INITIAL EXPENDITURE = 160000.0

    EFFECTS PER MILLION DOLLARS OF INITIAL EXPENDITURE
    EMPLOYMENT = 14.9(JOBS)
    INCOME = $609490.1
    STATE TAXES = $49043.6
    LOCAL TAXES = $51089.1
    VALUE ADDED = $791382.7



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