Number of the Day: 76

March 6, 2012 | Number of The Day

The Christie administration is touting a jump in new corporate construction projects from 23 to 76 in 2011, ranking it high on Site Selection magazine’s list of growing metro areas. To qualify as a new and expanded corporate facility, a project must create 50 or more full-time regular jobs, involve at least 20,000 new square feet, or total at least $1 million for construction, land, and building. Retail shopping, museums, local schools, government facilities, and other public-sector institution and infrastructure projects do not qualify.

The expansion of corporate facilities is evidence of the “Jersey Comeback” that the governor has been touting nationally, according to the governor’s office. Indeed, two of the top 10 metropolitan regions with expansive growth include northern New Jersey (New York, Newark, Edison), which was ranked fifth in the country, and southern Jersey (Philadelphia, Camden, Wilmington), which ranked seventh. Houston, Chicago, Pittsburgh, and Dallas were ranked one through four.