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

    State and county colleges and county hospital authorities are authorized to enter into P3s for certain building projects.

  • 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.

     

     

  • 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 unless otherwise agreed.

Immigration/E-Verify Mandate

No law in place.

Percentage of State GDP From Nonresidential Construction

3.7%.

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

22.4%.

Marijuana Legalization Status

Legalized for medicinal use.

Business Facts

Minimum Wage (2016)

8.59

Percentage of Pensions Funded

31%

Effective Real-Estate Tax Rate

2.31%

Corporate Income Tax Rate(s)

9%

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

6.1%