The company had considered moving its operations to New Jersey. Next Venue will relocate its operations from New Jersey to New York City, including 45 full-time employees from New Jersey. The company plans to hire 500 full time employees in New York City over the next five years. The company will relocate and expand in New York City, retaining 209 jobs and creating 200 new jobs. The Major Projects Report was conducted using a cost-benefit model developed specifically for ESD by PolicySource, Inc., which specializes in regional modeling and cost benefit analysis for public agencies and private corporations.
Anticipated impacts are for the seven year period following project initiation.