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Jersey, we've got a problem...
(c) Twigboy
According to the National Centers for Environmental Information, weather and climate disasters since 1999 have cost New Jersey between $50B and $100B.
(That's a one with 11 zeros after it.)
This figure includes:
Lost Business Income
Lost Wages and Earnings
Property
Damage
Infrastructure
Replacment
That's roughly the equivalent of . . .
18% of NJ's entire Gross State Product
the combined yearly revenues of Prudential and Merck
the economic output of
NJ’s entire manufacturing sector
double NJ’s annual tourism industry revenue
and the average annual salaries for 1,000,000 state residents.
(As of 2022, the last year for which reliable economic data is generally available.)
A home in Little Falls
The good news? There's a solution!
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