New Jersey’s Controversial Construction Market

Work on the American Dream Meadowlands project. - (AARON HOUSTON)

Work on the American Dream Meadowlands project. – (AARON HOUSTON)

Back in May, the Economic Development Authority (EDA) voted to grant the long-awaited American Dream project in the Meadowlands a brief extension to refile its incentives application, since the project had seen significant modifications since first being approved in November 2013 for a $390 million Economic Redevelopment and Growth grant, the largest ever of its kind.

Officials say the project will lead to the creation of nearly 11,000 full- and part-time permanent jobs.

Construction crews on site have been focusing on the foundation for the indoor amusement park and waterpark. According to an official with the developer of the project, the entire complex is expected to open in the summer of 2017.

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Construction is growing overall but fewer states are benefiting from the growth. New Jersey added 4,700 jobs over the year period, a 3.3% gain, but lost 100 jobs for the month of August, dropping 0.1% and losing more than 7,000 jobs in June with the biggest employment loss posted in the construction industry, according to new labor data. A total of 7,400 jobs were lost in June, the data shows, including 5,700 private sector positions.

The construction industry took the biggest hit, with a job loss of 4,600, according to the federal data released by the state labor department.

The good news is that there is work out there.

For example, here are the most recent EliteProNet projects awarded:

Payless Shoe Source – Linden, NJ Pisaeno Painting and Construction Painting
Blue Mercury – Sea Girt, NJ Central Jersey Electric LLC Electric
White Castle – Lacey Township, NJ Rest Assured Roofing Roofing
722 Clayton – Bay Head, NJ Sun-Dex Fiberglass
377 Route 35 South – Brick, NJ S.A.O. Construction Services LLC Drywall
722 Clayton – Bay Head, NJ S.A.O. Construction Services LLC Drywall
Brooklawn Shopping Center Atlantic Construction Group Concrete

And some hot projects throughout New Jersey:

522 Colt Arms Apartments Patterson, NJ
New Hotel & Restaurant South Brunswick, NJ

Are you looking for work?

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