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 C



APPENDIX C: Economic 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 0.1 21.0 9.2 13.5
    AGRI. SERV., FORESTRY, & FISH 1.3 57.7 32.8 36.1
    MINING 0.0 4.2 1.8 2.5
    CONSTRUCTION 64.6 4888.3 3502.3 4038.7
    MANUFACTURING 187.9 22503.6 6499.8 9409.6
    TRANSPORT. & PUBLIC UTILITIES 18.9 3196.1 1010.6 2017.0
    WHOLESALE 12.0 2408.0 528.5 1517.6
    RETAIL TRADE 328.3 15518.6 7162.3 8590.6
    FINANCE, INS., & REAL ESTATE 25.1 5109.7 810.2 3207.5
    SERVICES 366.4 16270.1 10008.3 10802.4
     
    GOVERNMENT 19.5 484.8 346.4 314.3
    ADMIN. AUXILIARY 0 0 0 0
     
    DIRECT EFFECTS 683.3 40874.0 19524.7 23469.3
    INDIRECT AND INDUCED EFFECTS 340.7 29588.2 10387.5 16478.3
    TOTAL EFFECTS 1024.0 70462.2 29912.2 39947.7
     
    MULTIPLIERS 1.499 1.724 1.532 1.702

    WAGES-NET OF TAXES= 23146.0
    TOTAL STATE TAXES = 2463.6
    TOTAL LOCAL TAXES = 2574.9
    TOT. FEDERAL TAXES= 7590.1
    TOTAL VALUE ADDED = 39947.7

    DIRECT EXPENDITURES WITHIN REGION = 41000.0
    DIRECT EXPENDITURES IN OTHER REGIONS = .0
    TOTAL INITIAL EXPENDITURE = 41000.0
    EFFECTS PER MILLION DOLLARS OF INITIAL EXPENDITURE
    EMPLOYMENT = 25.1(JOBS)
    INCOME = $ 731814.4
    STATE TAXES = $ 60273.1
    LOCAL TAXES = $ 62996.8
    VALUE ADDED = $ 977337.6



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