Facts & Figures
Jersey City Quick Facts
- Population: 240,055 (2000 Census)
- Targeted Industries: Financial, Insurance, Real Estate
- Top Employer: Donaldson, Lufkin, & Jenrette Securities - 2,687 employees
- Available Incentives: Business Employment Incentive Program, Business Relocation Assistance Grant, Employee Training Grant, Urban Enterprise Zone.
- The Jersey City Labor Area has 253,900 daily employee base.
- The average household income in Jersey City is $52,833, a jump of 49% from 1990.
- Jersey City is the fastest growing muti-cultural mosaic in NJ with current population of 240,055 (1990 pop. data: 228,937), which is expected to surpass Newark by 2004.
- Generated approximately 35,000 new jobs created in NJ’s Urban Enterprise Zone (UEZ).
- According to the Bloustein School of Planning and Public Policy at Rutgers University, Jersey City has gained 91% of new jobs created in NJ’s urban centers from 1992-1995.
- According to the New Jersey Business and Industry Association, for a recent three year period Jersey City accounted for more than 90% of the job growth produced by the state’s six largest cities.
- Since the UEZ’ s full time inception in 1992, the JCEDC has reinvested $56 million for 25 zone programs, which generated more than $4 billion in capital zone investments.
- Jersey City is the premier financial district of NJ: The FIRE industry (Finance, Insurance, Real Estate) has grown to more than 500% since 1993; about 85% of NASDAQ’s sales volume is conducted in Wall Street West, Jersey City.
- Jersey City Class A space will reach approximately 15 million square feet by 2004, which is more than what exists now in downtown Atlanta or downtown Pittsburgh.