$6.9 billion

April 8, 2015 | Number of The Day
Total value of business-entity contracts with state in 2014

There were a total of $6.87 billion worth of state contracts in 2014 with business entities that are subject to pay-to-play laws, according to a new report by the state Election Law Enforcement Commission.

These companies are generally prohibited from donating more than $300 to a candidate’s campaign, with some exceptions. According to ELEC, the average contribution by contractors was $1,208.
The top two contractors for the state are health insurance companies: Horizon Healthcare of New Jersey ($3.2 billion) and Amerigroup New Jersey ($892 million.) Verizon followed with $118 million.

The three construction companies on the top 10 list were George Harms Construction Co. Inc. ($110 million), Union Paving & Construction Co. ($98 million), and PKF-Mark III Inc. ($73 million). The two banks on the top 10 list were Colonial Bank FSB (93.8 million) and Magyar Bank ($68.5 million).