Jersey City Overview Wall Street West
Complements of Jersey City Economic Development Corp www.JCEDC.com
A century ago as tens of thousands of immigrants passed through Ellis Island (which actually is part of New Jersey), they looked to this new land as the land of opportunity. Many of them settled in Jersey City and the northern part of the state; others moved on. Most of them found the prosperity they were seeking by being provided the opportunity to turn their talent and sweat into wealth. America provided the freedom and opportunity, and they provided the rest.
Today, America is still the land of opportunity, and Jersey City represents the "golden door" to that opportunity.
The community believes that if the opportunity to succeed is provided, hard-working individuals and companies will not only take advantage of it, but that they will succeed.
The Philosophy Must Work!
Several billion dollars were invested in Jersey City during the 80s and early 90s. This investment renovated not only the appearance and image of Jersey City, but also the city's infrastructure.
Aside from bridges, highways, public transportation and the usual things thought of as infrastructure, Jersey City's "information infrastructure" was re-wired with fiber-optic cable and other high-tech devices, making it an ideal location for corporations depending on a solid information link with the rest of the world.
Wall Street West
The largest gain for the community was in the "FIRE". industry sectors: Financial, Insurance & Real Estate. Many people refer to Jersey City as 'Wall Street West" because of the phenomenal growth in these sectors. Some firms chose Jersey City because it is just minutes from Manhattan's financial district. Others because of the billions of dollars of capital investment in office developments and information infrastructure. Still others because many top financial firms are already located on the west bank of the Hudson.
Jersey City is also becoming a significant distribution center for the New Jersey/NYC metro area, and wholesale-related employment grew by 45% between 1982 and 1990.
The City is a national model for affordable housing and has developed innovative solutions to help low income families become homeowners. Within Jersey City, there exists a wide range of housing options.
Add all of these elements together, the growth, the location, the trends, the opportunity, and you get a dynamic community rapidly stepping up to take its proper place within the fabric of not just the metro area, but of the entire state.
Jersey City has a glorious history and an even greater future. Companies that choose to locate here will be catching a rising tide. Jersey City truly is America's Golden Door, and anyone looking- for opportunity has only but to knock.
Complements of Jersey City Economic Development Corp. www.jcedc.org
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