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Local leaders
understand the economic impact of the arts.
"Rahway is
positioning itself to take full advantage of the visual and
performing arts that will provide long-term
employment and economic development as well as sustain an enviable
quality of life that will benefit all of our residents and visitors.
Laying the groundwork for a sustainable arts industry in Rahway will be our own
economic stimulus plan."
Rahway
Mayor James Kennedy during his 2010 State of the City address
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Glasstown Arts District has now been established
for 10 years. Even during a difficult economy in 2009, there was a net
increase of new businesses totaling 16 and 99 new jobs were created.
There are a total of 152 private businesses and the vacancy rate at the
end of 2009 was 8% (down from 11.5% at the end of 2008). Over the 10
years private investment in real estate, rehabilitation and new
construction equals $23,434,112 and public investment is nearly
$5,000,000.
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