Home Business News O&R Utilities has economic impact of nearly $2 billion annually

O&R Utilities has economic impact of nearly $2 billion annually

O&R Utilities has economic impact of nearly $2 billion annually

Pearl River According to an economic effect analysis by HR&A Advisors, Orange and Rockland Utilities boosts the economies of New Jersey and New York by $1.9 billion a year. In addition, the utility sustains around 3,400 jobs through direct employment and extra jobs created by the business’s operations.

In order to supply our consumers in New York and New Jersey with clean, dependable, and safe electricity, O&R President Robert Sanchez stated that the company is constructing the grid of the future. In addition, we are upholding the ideals of the communities we serve by supporting women’s and minority-owned businesses, local businesses, the trades, and an inclusive workplace.

Orange and Rockland Utilities paid $159 million in state and local taxes in New York and $25 million in state and local taxes in New Jersey in 2022, according to the report. That amount of tax money might be used to support 2,800 social workers or 2,300 public school teachers.

More than 95% of O&R workers are residents of New Jersey or New York. Over twice as long as the norm for the country’s industries, O&R employees typically stay with the organization for 14 years. According to the survey, O&R’s workforce exhibits larger percentages of persons of color (28%), and females (27%), than the national average.

About 52% of O&R’s workforce is represented by IBEW Local 503 union members. As per the survey, that figure is 2.5 times higher than the industry average.


Leave a Reply

Your email address will not be published.