Business Facilities - June 2008 - (Page 40)

T hey don’t call Jersey City the “Gold Coast” for no reason. A city in the midst of a renaissance, Jersey City is experiencing growth in many fronts, and particularly with the influx of various financial and commercial institutions that are now calling Jersey City’s downtown business center their home. There are many reasons that make Jersey City a wise and attractive choice for businesses to establish or revitalize themselves, take a new lease if you will. Each motivation is strongly compelling on its own. WHY PAY MORE? In Jersey City, there is no city income tax, corporate tax, payroll tax, or commercial rent tax. Compared to Manhattan, utility rates are 30% lower, operating costs are 35% less, and the average advertised rent for Class A office space is one-third more economical. Jersey City’s tax programs are designed to let you keep the money you’ve earned. LOCATION, LOCATION, LOCATION As part of the Tri-State Area business corridor, Jersey City and surrounding communities bring you top-tier infrastructure and resources. This includes people and technology from telecommunications providers, manufacturing and industry, universities and state-of-the-art medical facilities. Equally important is Jersey City’s accessibility, by railway, waterways, buses, and other public transportation. The heart of downtown Manhattan, Atlantic Ocean seaports and Newark International Airport are only minutes away. WELCOME Jersey City rolls out the “Welcome” mat for you with all the support and resources it makes available to help your business start, grow, and flourish. The state’s Business Employment Incentive Program (BEIP), Business Relocation Assistance Grant (BRAG), Employee Training Grant (ETG), Urban Enterprise Zone (UEZ), and local probusiness policies make a Jersey City address even more desirable. #0807 at www.BusinessFacilities.com 40 JUNE 2008 A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S PHOTO CREDIT: LEON YOST Jersey City Economic Development Corp. 30 Montgomery Street, Suite 820 Jersey City, NJ 07302 Phone: 201-333-7797 Fax: 201-333-9323 Web: www.jcedc.org Do we need to say more? In just the last six years alone, Jersey City gained 35,000 new jobs and $3.8 billion in capital improvements. An additional $52 million nurtured the inner city through 60 UEZ programs. How about asking your potential neighbors what they think of Jersey City? Goldman Sachs; JPMorgan Chase Bank, Inc.; Morgan Stanley; Merrill Lynch; Lehman Brothers; ICAP North America, Inc.; Fidelity Investments; Knight Equity Markets, LP; ISO (Insurance Services Office, Inc.); and Forest Laboratories are some of the entities that have made their way to Jersey City. So what else is on the Jersey City horizon? How about a condominium complex, featuring a championship golf course, neighboring Liberty State Park. Or residential buildings being developed in the Powerhouse Arts District, providing live/work spaces for artists. Yes, we almost forgot to mention that Jersey City is also a great place to live. That’s a new conversation altogether. It’s really a simple choice. If there’s a will, there’s a way for you to have Jersey City as your next destination. http://www.jcedc.org http://www.BusinessFacilities.com

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Business Facilities - June 2008 Contents First Word Snapshots Metro Spotlight: Austin, TX The Greening of America Winds of Change in the Berkshires Hot Logistics Locales Metro Spotlight: New Mexico Borderplex Hollywood on the Louisiana Bayou Idaho: Gem State's Economy is Glittering Mayor's Reports New Brunswick, Canada's Export Leader Virginia: Where Business and Fun Come Together How Green Is Your Site? Maine's New Maritime Marketing Message Corporate Moves: Alabama Advertiser Index Ask the Expert

Business Facilities - June 2008

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