New Jersey construction leaders today forecast $31 billion in capital investments across the state in 2022 and 2023.
The projections were provided at the New Jersey Alliance for Action's 37th annual Construction Forecast Seminar, attended by over 200 engineering, contracting, labor, higher education, utility, government, corporate, professional and other state leaders.
The largest construction projections were presented by leaders of the utility, transportation, higher education, office, healthcare, industrial, school and environmental industries.
In all, nearly 30 public and private agencies provided details on construction activity set to begin in 2022 and 2023.
“The strength of our construction economy is directly responsible for the health of our overall economy,” said Jerry Keenan, President of the non-partisan Alliance for Action. “The construction initiatives discussed today will create jobs, improve the economy, protect the environment and make New Jersey more attractive to business and residents.”
Construction numbers are expected to grow even higher with the impending approval of the federal infrastructure investment bill.
For more information please call the Alliance for Action office at (732) 225-1180.

New Jersey Alliance for Action | www.allianceforaction.com