Case Study: The City of New York achieves stronger local employment and economic growth with MGT's local hiring analysis

The City of New York creates 8,400+ jobs with MGT

The City of New York faced a challenge where jobs funded by city contracts were often filled by commuters from outside the five boroughs, causing economic benefits to leave the local community. To understand the potential impact of a local hiring requirement, the city partnered with vendor MGT for a comprehensive Local Hiring Study, utilizing their economic impact analysis services.

MGT conducted the study by analyzing local labor market data and using IMPLAN economic modeling to forecast the effects of prioritizing local hires. The analysis revealed that a local hiring program could create over 8,400 jobs for residents, deliver millions in new wages, increase annual goods and services production by over $1 billion, and generate millions in additional tax revenue for the city. These results provided the city with a data-driven foundation to advance a policy that would maximize the impact of public spending.

The City of New York