ML072680413

Katz, B., and R. Puentes, May 2006, Prosperity at Risk: Toward a Competitive New Jersey, the Brookings Institute

ML072680413
Person / Time
Site:	Oyster Creek
Issue date:	12/31/2006
From:	Katz B, Puentes R The Brookings Institute
To:	Office of Nuclear Reactor Regulation
References
2130-07-20506, TAC MC7624
Download: ML072680413 (46)

Text

Prosperity at Risk:

Toward. a Competitive ew Jersey A New -Jersey that k rs what it needs and kno-how to get it

N f.W J.ERSEY Henry and Marilyn Taub Foundation NYU Wagwe W I L L I A M P E N: N F OUNDAT I ON E AGLE:.TON INSTITUTE OF POLITICS I

Rpi~gers, The Siate t..:niversity DF..New Jersey METROPOLITAN POLICY PROGRAM

!*Z v"r:i-,

University POLICY RESEARCH INSTITUTE F 0 R

T H

E R E G I 0

N

• l.The C*hallenge, New Jersey's economy has:: performed exceedingly well in the past, but the, state is losing its competitive edge.

Tercent chapge in avera weeld-y wa e (3,,10,)

I 14 1

1

J from 2001 to 2005, the New Jersey ustries with the greatest job gain fe low wages; and those with the dW atest job loss have high wages.

I'M Numeric c1hahge, Average iloyment SubSector 0q, iftj bs earni of all industries in New Jersey

-28,083

$534, 10 industries ranked by job gain 80,783

$437 LO industries ranked by job loss

-811798

$698.

-Numeric change in New Jersey -

em -loyment,2001-2004, with average.*

Source: U.S. Bureau of Labor Statistics weekly earnings, December 2004.

.Numeric Change in High Tech Iobs*, 1995-2004

ChlS~

Anlyi Reo mndto Requiemen In sum Ne Jersey:

rnk a

th botto nainly£n g

growth

An~alysis The threat to prosp erity comes from multiple forces, including rising housing posts, persistent race, clss and

.place.. disparities, and 'un:nbalanced development patterns.

Analysiis Recommendation Challenge Requirement New Jersey's economic trends are due,:,:Ito a variety of forces such as the nature of businesscycles, the nationaL shift to a seNice based economy,,

tOveral.lwealth.

and recent 666.1' h alth of th, Jr.

M C-.4--n.:

To address its competitive challenges, New Jersey must pursue a range of economic development strategies - as well as continuing to invest in innovation, education, and industries like pharmaceuticals.

Yet the response cannot be solely focused on economic development because the state has other challenges that impinge on competitiveness.

THE BROOKINGS INSTITUTION METROPOLITAN POLICY PROGRAM YO

Rising housin.. g costs and lack of choice

Rank State Housing price/income ratio 1

California' 7.64 2

Hawaii 6.81 3

Massachusetts 5.95 4 :

Rhode; I:sland 4.93

6.

... New York 4.67 7

Nevada 4.55.

8 Colorado 4.39.

9 Oregon 4.34 Ratio of the median home value to the state's median household income, 2004.

10 Washington 4.30

Percent of households spending at least 355% of i come on I

.usmg costs Rank State 2000 1990

~

~

~~~

1 California.:

2.3.4%

21.3%.

2 Hawaii 22.3%

14.0%

3 New.Je rsey 20.7%

18...:".9%

4..* Nevad.a 20.0%

16.2%

5 New York 19.8%

16.6%

United States 15.9%

13.6%

46 Nebraska 10.6%

8.8%

47 Kansas

.10.5%

9.6%

48 South Dakota 1 0.4%.

9.5 O5%

49 North Dakota 9.8%

9.6%

"1'....

50::

low 95...7%

8.4%

r A

F-

~4

~1

_'t*r I K)

L?

4-.

-I--_

-1 rY'=

-1......7

'j 9,...

Dominance of exclusionary zoning Very low

• 77 Low LII_ Medium

- High Very high A~

'4

Inefficient development, patterns and

. excessive decentralization

Housing unit densities in New Jersey, 1980 and 2000 Ruiral: less thani 32 units per square mile Exurban: between 32 and 1,245 Dense Suburban: between 1,245 and 5,000 Urban: over 5,000 ('ransit-suppoiive)

iv K

N

Percent chiange in private-sector jobs, 1980-2003 I.

Largest percent changes in county to county inflow, 1995-2000 Source: U.S. Bureau of OL Census CAPE WY.

Household: income and tax rate as a

..percent of metro area, select jurisdictions

'U, I

I.:..,

-transit muters T

I 1

Persistent race, class, and place disparities

Projected New Jersey Popula-:

lion Change:

from2000 to 2020- By Age and Race A

Rank State

% of Latinos in 90-100%

Minority Schools Rank State

% of Blacks in 90-100%

Minority Schools 1

New Yo rk 58.8%

2 California.

45.7%

3 Texas 42.2%

4 New Jersey 40.7%

1 Michigan 64.0%

2 Illinois:..

60.3%

3 New York 60.3%

4 New Jersey 51.3%

5 Illinois

.37.8%

5 Maryland 49.7 %

City Total Blacks Hispanics Pet ent of Poor People Living in Extreme Poverty Neighborhoods,

.in select cities. By Race/

Ethni.city, 2000 Camden

-45.4%.

45.5%...

50.8%

New Orleans, LA 37.7%

42.6%

18..0%

Louisville, KY 36.7%.

53.2%.

2.4.3%

Miami, L

36.4%.

67.6%

18.0%..

F L

Atlanta, GA 35.8%

41.0%

14.2%

Atlantic City 33.9%

49.4%

23.3%

Newark 31.7%

40.0%

23.8%.....

"" "::::¥

M y:*::

33:*= i*5:

.:New York, NY 25.9%

33.7%

33.5%

Detroit,..M 1 17.5%

17.8%

10.4%.

Asbury Park 16.3%:

22.5%:

9.2o%

Paterson 114.8%.:27.1%

8.2%

Tre'. nton 1:2:*.6%:,:

12.7%

16.0.%

Boston, MA8 110.8%

8.3%

14.8%

Percent. Change in Income for

'New Jersey Families: Late 1980s to-Late 1990s, by Quintile

Population 25+

without a high school degree or equivalent, 2000 Municipality No HS degree Camden 49.0%.

Union City

.. 45.6%

Perth Amboy

.. 44.3%

Newark 42.1%

Paterson 41.5%

Elizabeth 38.3%

Trenton 37.6%

New Brunswick 37.4%

Asbury Park 32.4%

Irvington 28.0%

Jersey City 27.4%

East Orange 27.6%

Hackensack 20.3%

New Jersey 17.9%

I~u

(~

111. The.

Re co mmen da~tion Decisive -state.action is needed: to add.ress. these issues in service of competitiveness.

We propose that New Jersey.....

...,build. on the significant policy reforms it has already made;

... consider additional reforms from other states;

...better align and manage itself to drive changethat addresses cross-sectional challenges.;.

ITT I-B~

!~U

2. Promote bE developmei

i r

mm" I e::. qi.The.:.

iRe~quir..ement Any successful state strategy wrilire i e..level 0f interdepartmental policy alignment that is.:challehgin..g.g but essential.

THE BROIG INTTTO MERPOIA POLIC PROGRA

The policy reforms necessary to address New Jersey's challenges cut across many agencies', departments, and.

commissions as well as spending, tax, regulatory., and

-administrative policies.

They require cabinet-level. realignment and other

.interdepartmental coordination that is challenging but essential. It demands structure, discipline, and gubernatorial commitment to accomplish.

To be successful, New Jersey must consider the following, range of cross-functional collaboration in order to ensure that the state's activities are coordinated and rationalized.

Off G

) noe

'nor C

kF Force on---,

-dna Fa-miliesý th

)wth Econom..ic*.Growth Agencies: DCA, EDA, Commerce, HMFA Land use Agencies: DCA,

ýDEP,. DQT, DOA

Office of Economic Gr(

Office of Smart Growth th

-Task Fr-ce on-Wo rk ing F-a M iIi e

I Conclusion New.Jerseyis in an enviable economic position in many respects.:

Yet the state must move beyond economic development and provide more housing choices, promote better land use. and reduce racial, class, and place disparities in order to sustain its competitive economy.

Inthis way, the state should improve on what it is already doing, while'also taking important policy queues from other states.

But as these challenges are cross-cutting, New Jersey should realign itself... Then it can truly govern for change.

N EW JERSEY Fio U N D A T I 0 N

- '"=*:'

• "."E.AG.LETO Henry and Marilyn NYU

• Wrer I au D rounaauion N INSTITUTE OF POLITICS RIVzgcrs, 'Fhc SraLe University of Nejc-rncy METROPOLITAN POLICY PROGRAM Prinl-W'nrtilveritly POLICY RESEARCH INSTITUTE F OR T

H E

R E

G 1O N

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