Business Facilities - August 2008 - (Page 46)

Waddell & Reed Financial, Inc. and more recently with The Mutual Fund Store. The Mutual Fund Store, one of the nation’s largest and fastest growing independent, fee-based advisory firms, chose to expand its headquarters in the community last year by leasing more than 22,000 square feet of space. The recent opening of a new regional office for SolomonEdwardsGroup, a national CFO services firm, might provide the best evidence of the area’s financial services talent because it is one of the company’s core competencies. The overall number of of underwriters and financial analysts located in Overland Park is 120% and 43% greater than the average In the Sprint-Nextel World Headquarters Campus United States for these employment classifications, respectively. Overland Park is served by three school districts that are consistently ranked in the top 8% nationally. Jersey City, NJ: Renaissance of Wall Street West Welcoming visitors, new residents and businesses, Jersey City is New Jersey’s fastest growing city and one of its most diverse. With many amenities and resources, Jersey City is the perfect place to live, work, and do business. And the Jersey City Economic Development Corporation (JCEDC) is a driving force behind the success that the city has achieved and continually gains. In addition, Jersey City features a thriving business community, welcoming neighborhoods, many cultural and artistic venues, numerous recreational opportunities, fine dining establishments representing a variety of cuisines, and more. A city in the midst of a renaissance, Jersey City is experiencing growth on 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. Currently, there are dozens of Fortune 500 corporations and other international firms, plus many financial offices are located in Jersey City, which is often referred to as “Wall Street West.” 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% Southcreek Office Park 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. Jersey City is part of the Tri-State Area business corridor and offers top-tier infrastructure and resources. This includes people and technology from telecommunications providers, manufacturing and industry, universities and state-of-the-art medical facilities—all of which are essential resources 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 pro-business policies make a Jersey City address even more desirable. 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. Jersey City offers attractive incentives for businesses large and small, including low operating costs, reduced taxes, and convenient public transportation options. Furthermore, the UEZ Program in Jersey City has 592 participating businesses, which can offer certain goods and services with a sales tax of 3.5%—half of the standard New Jersey sales tax rate. Businesses can take advantage of employee tax credits and some reduced unemployment insurance costs and may be exempt from taxes on certain goods and services. For more information, please contact: Jersey City Economic Development Corporation at 30 Montgomery Street, Suite 820 Jersey City, NJ 07302 Phone: 201333-7797 Fax: 201-333-9323 Web: www.jcedc.org. 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 46 AUGUST 2008 PHOTO CREDITS: OVERLAND PARK EDC (TOP PHOTO) ; WADDELL & REED (BOTTOM PHOTO) http://www.jcedc.org

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Business Facilities - August 2008 Contents First Word Snapshots Corporate Moves: Florida Economic Development 2.0 Everything's Big in Texas Aerospace Sites: Poised for Takeoff The Nebraska Advantage Metro Spotlight: Cullman, Alabama Special Focus: Louisiana Industry Focus: Financial Centers Advertiser Index Inside LiveXChange

Business Facilities - August 2008

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