New Jersey, October 21, 2025
Assemblyman Andrew Zwicker has been recognized as the ‘Legislator of the Year’ by the New Jersey Chamber of Commerce. This prestigious award highlights his significant contributions towards advancing business-friendly policies and supporting economic development initiatives in New Jersey. His commitment to fostering a robust economic environment has earned him this accolade, emphasizing the importance of legislative support in promoting local businesses and attracting investment to the state.
Newark, New Jersey – New Jersey’s construction industry is on the rise, with a projected 17% increase in spending anticipated to surpass $16 billion by 2025. This growth can be attributed to the Federal Reserve’s recent decision to lower interest rates, aimed at stimulating activity within the construction sector and fostering the initiation of new projects.
However, the state continues to grapple with challenges, including a construction unemployment rate of 8.5% as of June 2025, marking it as the second-highest in the nation. This high rate reflects broader regional and economic pressures that are impacting the construction workforce.
In an effort to combat these challenges, New Jersey plans to allocate a record $57.6 billion towards construction projects over the next two years. This funding is designed to bolster the economy while simultaneously generating new employment opportunities in the construction sector.
Significant ongoing projects include The Journal, a 64-story twin-tower complex in Jersey City, and the Frank J. Guarini Justice Complex, a new courthouse also located in Jersey City. Both projects are scheduled for completion in 2026. In addition to these, the state is making investments in infrastructure improvements, like the County Yard and Delco Lead Storage and Inspection Facility in New Brunswick, aimed at protecting train cars from flooding.
These developments highlight the resilience and expansion of New Jersey’s construction sector, even while facing unemployment challenges.
Frequently Asked Questions (FAQ)
What is the projected construction spending in New Jersey for 2025?
The construction industry in New Jersey is projected to experience significant growth, with spending expected to rise by 17% above 2024 levels, ultimately exceeding $16 billion.
What is the construction unemployment rate in New Jersey as of June 2025?
New Jersey’s construction unemployment rate was 8.5% in June 2025, the second-highest in the nation.
What major construction projects are currently underway in New Jersey?
Notable ongoing projects include the construction of The Journal, a 64-story twin-tower complex in Jersey City, and the Frank J. Guarini Justice Complex, a new courthouse in Jersey City. Both projects are expected to be completed in 2026.
What infrastructure improvements are being made in New Jersey?
The state is investing in infrastructure improvements, such as the County Yard and Delco Lead Storage and Inspection Facility in New Brunswick, designed to protect train cars from flooding.
How is New Jersey addressing employment challenges in the construction sector?
In response to employment challenges, New Jersey plans to allocate a record $57.6 billion towards construction projects over the next two years, aiming to boost the state’s economy and generate new employment opportunities.
What factors are contributing to the growth in New Jersey’s construction industry?
The growth in New Jersey’s construction industry is attributed to factors such as a recent decision by the Federal Reserve to reduce interest rates, which is expected to stimulate construction activity and encourage new project initiation.
What is the outlook for New Jersey’s construction industry in the coming years?
Despite challenges, the construction industry in New Jersey is projected to experience significant growth, with spending expected to rise by 17% above 2024 levels, surpassing $16 billion in 2025.
How does New Jersey’s construction unemployment rate compare nationally?
New Jersey’s construction unemployment rate of 8.5% in June 2025 is the second-highest in the nation, trailing only Rhode Island at 8.9%.
What are the expected completion dates for major construction projects in New Jersey?
Major construction projects, such as The Journal and the Frank J. Guarini Justice Complex, are expected to be completed in 2026.
What is the purpose of the County Yard and Delco Lead Storage and Inspection Facility in New Jersey?
The County Yard and Delco Lead Storage and Inspection Facility in New Brunswick is designed to protect train cars from flooding, enhancing the state’s transportation infrastructure.
Key Features of New Jersey’s Construction Growth
| Feature | Description |
|---|---|
| Projected Spending for 2025 | More than $16 billion, reflecting a 17% increase over 2024. |
| Construction Unemployment Rate | 8.5% as of June 2025, the second-highest in the nation. |
| Planned Investment | $57.6 billion allocated for construction projects over the next two years. |
| Major Projects | The Journal and Frank J. Guarini Justice Complex, both expected to complete in 2026. |
| Infrastructure Improvements | County Yard and Delco Lead Storage and Inspection Facility in New Brunswick. |
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Author: NEW JERSEY STAFF WRITER
The NEW JERSEY STAFF WRITER represents the experienced team at constructionnjnews.com, your go-to source for actionable local news and information in New Jersey and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New Jersey Build Expo, major infrastructure projects, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated Builders and Contractors of New Jersey and the New Jersey Builders Association, plus leading businesses in construction and legal services that power the local economy such as CMiC Global and Gibbons P.C. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructiontxnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
