New Jersey

  • Project Labor Agreements

    Allows government entities to implement a PLA mandate if conditions are appropriate on projects worth more than $5 million. Projects built using a P3 must utilize a PLA.

  • Prevailing Wage

    Yes; if the work is done for a municipality, then the threshold is $15,444, but if the work is done for any other public entity, including boards of education and municipal utility authorities, the threshold is $2,000.

  • Right to Work

    No.

  • Public-Private Partnerships

    Statute authorizes state and its subdivisions, including counties, municipalities and school districts, to enter into P3 agreements with private funding sources provided they follow additional mandates such as abiding by the state’s prevailing wage law and utilizing a PLA for construction of the project.

  • Workforce Development Incentives

    Skills Partnership Program – Funds reimburse New Jersey employers up to 50 percent of the cost of training new or existing employees to meet the skill requirements for available high-skill, high-wage jobs in New Jersey.

    Registered Apprenticeship Incentive Program – Offers employers financial resources to upgrade the skills of employees through the federal Registered Apprenticeship Program. The incentive program offsets for the employer apprenticeship training-related costs such as on-the-job training, related classroom instruction, supervision by a journey person, or remediation of basic skills. Upon approval of a mini-grant application, employers sponsoring apprentices can be eligible for up to $5,000 of financial assistance.

     

  • Career and Technical Education

    97% of CTE high school graduates are placed in colleges or careers.

    New Jersey recognizes NCCER as an approved curriculum for CTE programs.

  • Job Growth Rate

    -6.1%.

Monthly Unemployment Rate in New Jersey

Industry Overview

Prompt Pay

Private: Owner must pay prime within 30 days after billing date.
Public: Owner must pay prime within 30 days after billing date.
Subs: For both public and private, the prime must pay the sub and the sub must pay lower tiers within 10 days of completion of work unless otherwise agreed.

Immigration/E-Verify Mandate

No law in place.

Percentage of State GDP From Nonresidential Construction

3.7%.

Incidence Rate

2.5

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers state and local government workplaces.

Percentage of Union Membership in Private Construction

29.8%.

Marijuana Legalization Status

Legalized for medicinal use.

Business Facts

Minimum Wage

8.85

Percentage of Pensions Funded

31%

Effective Real-Estate Tax Rate

2.4%

Corporate Income Tax Rate(s)

11.5

State and Local Public Construction Expenditures (in millions)

4,844