Researchers at the Edward J. Bloustein School of Planning and Public Policy analyzed the economic impact of the proposed Northeast Supply Enhancement project and the results are clear: Investing in the region’s energy infrastructure creates jobs and boosts the economy.
Our region’s appetite for natural gas is growing and the Northeast Supply Enhancement project would meet the increasing demand by expanding the existing Transco pipeline system. According to the Rutgers University study, this project would pump $239.9 million in economic activity into New Jersey alone. In addition to generating $16.4 million in local and state taxes, the project would create 2,411 good-paying jobs for New Jerseyans during construction. Once the pipeline is operational, more than $11 million in additional annual local property taxes will be paid to local municipal and county governments.
Investing in infrastructure is smart policy, plain and simple.