McDonald’s Generates $1.5 Billion Economic Impact in New Jersey, Study Finds

Oxford Economics completed a study. McDonald’s brings $1.5 billion in total economic value to New Jersey’s economy. The burger company runs 251 stores across the state. That makes it the biggest fast-food operator in New Jersey.

The research reveals the company’s direct economic contribution tops $616 million. When you add direct, indirect, and induced economic activity, the GDP contribution statewide exceeds $1.5 billion, according to ROI-NJ.com.

The chain supports 19,300 jobs across New Jersey. Over 12,500 of those positions are direct restaurant crew, manager, and field office jobs. Supply chain activities account for another 6,800 jobs, and workers spend their wages and salaries on consumer goods and services.

Independent owner-operators own all 250-plus restaurants in the state. More than 40 owner-operators run the stores across New Jersey.

Nearly 65% of owner-operators in the state identify as Asian, Black, Latino, or female, which makes the chain a significant player in ownership variety within the state’s restaurant industry.

The economic activity generated more than $429 million in federal, state, and local tax revenue in New Jersey. In Newark alone, the brand contributes more than $76 million to local GDP. It brings in over $13 million in tax revenue. Newark stores support more than 700 jobs within the city.

The Chicago-based company operates as the biggest fast-food chain in New Jersey, with each store owned and operated by franchisees, creating a network of independent business owners throughout the Garden State.

Oxford Economics is a global economic advisory firm. It provides data-driven insight, forecasting, and analysis. The firm conducted the study to measure the chain’s economic footprint across the state.

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