The COVID-19 pandemic devastated New Jersey in terms of both human life and the economy, but as the state opens back up, there are reasons to be optimistic for New Jersey’s future. There are also demographic and real estate trends that we must proactively counter and remain mindful of as our economy bounces back. Jeffrey Otteau, Managing Partner and Chief Economist at Otteau Group, presented facts and figures to show where we’ve been, as well as projections to show where we’re headed, during The Future of New Jersey: An Economic Forecast keynote session at the 2021 Planning and Redevelopment Conference.
Economic Development
The Future of New Jersey: An Economic Forecast
Friday, June 25th, 2021Community Benefits Agreements: Understanding the New Requirement and How to Create a Win-Win
Friday, June 25th, 2021Given that Community Benefits Agreements (CBAs) are built into the structure of the New Jersey Economic Recovery Act, which was signed into law in January 2021, it is no longer a question of if they will happen, but when they […]
The Geography of Poverty and Race in New Jersey
Wednesday, October 14th, 2020Despite New Jersey’s urban resurgence in the years since the Great Recession, and despite concerns about gentrification expressed in popular media, high-poverty neighborhoods have not gone away.
How to Strengthen a COVID-19 Small Business Program
Tuesday, May 26th, 2020New Jersey Future, along with our partners, has spent many years working with downtown leaders to understand how to create vibrant, walkable, equitable downtowns and have provided resources, guidance, and direct services to many of these places. With this experience, we have made several recommendations to improve the impact of the small business program.
Group of Mayors, Organizations Sends Letter Urging Gov. Murphy To Renew Focus on State Plan
Friday, February 1st, 2019A group of 18 mayors and organizations concerned with how New Jersey grows and develops has sent a letter to Gov. Murphy urging him to renew focus on the State Plan.
New Jersey Economic Development Authority Announces $250,000 in Funding for Redeveloping Stranded Assets
Tuesday, January 29th, 2019The New Jersey Economic Development Authority is now taking applications for its 21st Century Redevelopment Program, which targets the challenge of redeveloping abandoned or underutilized suburban office parks and shopping malls.
Report Gives New Jersey High Marks for Designating Opportunity Zones in Smart-Growth Locations
Wednesday, January 9th, 2019A new national report ranks New Jersey’s Opportunity zones high on smart-growth location potential, but also high on an index that predicts residents’ vulnerability to displacement.
New Jersey Future To Participate in Trenton Innovation Challenge Grant
Tuesday, October 2nd, 2018New Jersey Future is one of a consortium of organizations participating in the City of Trenton’s Innovation Challenge Grant, focused on creating an incubator, maker’s campus and training center near the Trenton Transit Center.
Opportunity Zones Take Another Step Forward
Tuesday, April 10th, 2018New Jersey’s proposal to designate 169 Census tracts as Opportunity Zones has been approved. Analysis shows they represent the kinds of places where the state would like to direct growth, and where targeted investment can catalyze economic revitalization.
A Competition Over Placemaking
Monday, April 2nd, 2018Speakers at the New Jersey Future Redevelopment Forum plenary session discussed how to capitalize on national trends affecting redevelopment, and things New Jersey can do to foster revitalization of communities of all sizes. The key, they all said, is placemaking.