New York – Almost $6 billion was spent on the construction of office buildings, warehouse and other non-residential construction in New York state in 2005. The spending supported more than 88,800 full-time jobs, according to a new study.
Overall, New York ranks seventh in the country in commercial construction spending, behind California, Texas and other larger states.
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The report also found that for every dollar spent in new non-residential construction, the New York state economy gains $3.09 in benefits.
Professor Stephen Fuller says, “Most products in commercial development are manufactured in the local economy, so this creates manufacturing jobs; there are also a lot of white-collar jobs that are created, like lawyers, brokers and marketing people.”
Office construction totaled $1.5 billion in 2005, which supported 22,700 jobs. Work on existing buildings reached $81.45 million in 2005, which supported 1,507 jobs. [Crain’s NY]
i come over the Williamsburg Bridge every day and i cant understand what this stupid blue building (the one in the picture above) is all about, is this what they call today nice?