New Jersey

  • Project Labor Agreements

    Allows government entities to implement a PLA mandate if conditions are appropriate on projects worth more than $5 million.

  • 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 allows certain state entities to enter into P3s for transportation projects and vertical projects associated with transportation projects. Colleges and universities are also authorized to enter into P3s for certain building projects.

  • Workforce Development Incentives

    Skills Partnership Training Grant- Funds are competitively awarded to New Jersey employers to provide up to 50% cost reimbursement assistance to train current and/or new employees to meet the current and future skill requirements of available high skilled/high wage jobs in New Jersey.

     

     

  • Career and Technical Education

    99% of CTE high school graduates are placed in colleges or careers.

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

  • 5-Year Average Job Growth Rate (2011-16)

    3.1%.

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.

Immigration/E-Verify Mandate

No law in place.

Percentage of State GDP From Nonresidential Construction

3.4%.

Incidence Rate in Construction (2013)

2.8.

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers state and local government workplaces.

Percentage of Union Membership in Private Construction

18.2%.

Marijuana Legalization Status

Legalized for medicinal use.

Business Facts

Minimum Wage (2016)

8.59

Percentage of Pensions Funded

38%

Effective Real-Estate Tax Rate

2.11%

Corporate Income Tax Rate(s)

6.5% - 9%

Capital Spending % As Share of Total State Spending (2013)

6.1%