Bergen County: Office, retail and industrial markets are still going strong. Not to mention our malls.

Bergen County

Office, retail and industrial markets are still going strong. Not to mention our malls.

As we continue to battle our way through the COVID-19 pandemic and the stubborn delta variant, Bergen County remains resilient as a major economic engine for the New Jersey’s growing economy. Real estate, businesses, entertainment, innovation, sporting events, retail shopping, leadership, education and quality of life are all signatures of what Bergen County has to offer.

One of Bergen County’s largest economic developments is the American Dream, an entertainment destination alongside MetLife Stadium where the NY Giants and NY Jets football teams play. Expected to draw 40 million visitors annually when fully operational, the American Dream includes Nickelodeon Universe, Big Snow indoor ski, a Dream Works water park, NHL-size ice rink and hundreds of retail stores and restaurants. Since the outbreak of COVID-19, opening and reopening dates were postponed as a safeguard against the spread of the virus.

But now, American Dream stores and attractions, along with all other retail assets throughout Bergen County, are open. That includes the Westfield Garden State Plaza, a mall that attracts over 20 million visitors a year (almost the same as Walt Disney World in Florida’s 20.5 million visitors annually). Not only did it remain resilient, it recorded increases over 2019.

In addition to our many assets, what creates the overall success of Bergen County commerce is our highly skilled talent pool of over 510,000. This combined with close proximity to Manhattan, outstanding colleges and universities, top-rated hospitals and medical centers and the highest possible AAA bond rating makes Bergen County one of the most attractive and productive regions in the Country to site selectors and prospective businesses looking for office, industrial/warehouse and retail space.

Many marquee corporations call Bergen home. Corporations including Becton Dickinson, Stryker, Jaguar, Unilever, Samsung, Dassault Falcon, Volvo, Sharp, Konica Minolta, LG Electronics, BMW and others. What’s more, thousands of small businesses and Main Street shops line our 70 municipalities. And since we’re talking numbers, in total, there are over 46,000 business establishments in Bergen, and 1,500 are manufacturers.

In order to assist the business community across Bergen County, the Bergen County Division of Economic Development under the leadership of County Executive Jim Tedesco,

Bergen County at a glance

• Aaa bond rating • Tax base of nearly $170 billion • More than 940,000 residents • Median HH income of $97,483 which is 53% > the nation’s • 46,000+ businesses and over 510,000 skilled workers • Diverse mix of 70 beautiful towns • 9,000+ acres of park and recreation • 73 highly-sought-after school districts • Nationally ranked medical centers and hospitals • Over 15 colleges and universities • Vibrant downtowns for dining and shopping • Theaters, arenas and concert halls • Home of two major NFL teams

With nearly 70 vibrant municipalities made up of one million residents Bergen County is no doubt a wonderful place to live, work and raise a family. Bergen County attracted thousands of visitors each day to our businesses, educational facilities, historical sites and special events – and as we continue to fight our way through this pandemic, it is our hope that even better days lie ahead.

Our retail shopping facilities are second to none and Bergen Community College attracts students from across the county, state and country. Places to visit include the Meadowlands, the Steuben House (home to the Bergen County Historical Society), Overpeck Park, the Bergen County Zoo in Van Saun Park and the New Jersey Naval Museum – just to name a few which have reopened to the public after months of quarantine.

As the largest county in New Jersey, Bergen County offers a sizable pool of diverse, well-educated, highly skilled workers who have adapted well to working remotely during this turbulent time. Our business community is a thriving mix of Fortune 500 companies and small businesses alike. My administration is always proud to partner with agencies and organizations to grow our economy and capitalize on opportunities for public-private partnerships.

We continue to strive every single day to make Bergen County the best place for our residents, businesses and visitors. This guide is a valuable resource of information for anyone who lives or works in Bergen County. I urge you to take advantage of the programs and opportunities available in Bergen County government for future growth and opportunities.

Should you ever need anything, please do not hesitate to reach out to me and my staff by calling (201) 336-7300 or emailing countyexecutive@co.bergen.nj.us. My staff and I are always happy to help.

Sincerely,

Jim Tedesco III Bergen County Executive has introduced a new platform called SizeUp. This sophisticated new business tool allows businesses to “Size Up” by comparing their performance to all other competitors throughout their industry. SizeUp super-crunches millions of data points so business owners know where they rank, can find new customers and suppliers, and better understand the competitive landscape.

With SizeUp, you can target your ideal customers based on the preferred client characteristics that matter to your company. Then, determine the best places to target your next marketing campaign. In addition, interactive map demographic, labor force, and consumer expenditure data for your area are at your fingertips. SizeUp allows you to tailor your analysis to the area around your address, or to a custom boundary throughout multiple markets.

Market research and analysis is critical for the success of any small business owner or entrepreneur. Tools like SizeUp deliver data right to the fingertips of business owners to help make smart decisions and have the greatest opportunity to start, grow, compete and succeed.

For more information on Bergen County real estate, business tax incentives, SizeUp and more, visit www.bergenforbusiness.com today or call me at (201) 336-7503. Hope to hear from you.

Michael McPartland is the Deputy Director of the Bergen County Division of Economic Development.

SizeUp

The 4 Core Digital Tools

BENCHMARK PERFORMANCE See how you size up by comparing your performance to all other competitors in your industry. SizeUp super-crunches millions of data points so businesses know where they rank.

DISCOVER NEW CUSTOMERS Find new customers, suppliers, and better understand the competitive landscape. Visualize new business opportunities through lists of companies and analysis of consumers. DEMOGRAPHIC ANALYSIS Interactively map demographic, labor force, and consumer expenditure data for your area. Tailor your analysis to the area around your address, or to a custom boundary.

OPTIMIZE ADVERTISING Target your ideal customers based on the preferred client characteristics that matter to your company. Then, determine the best places to target your next marketing campaign.

New Jersey

The State of Innovation

New Jersey is located in one of the most highly connected regions in the U.S., with all the assets and accessibility any forward-thinking company needs. It’s a teeming hub for entrepreneurs and multinationals alike. We welcome risk-taking innovators from around the globe driven by real world problems.

Despite the COVID-19 pandemic, New Jersey has still seen steady business attraction activity in 2021. We are thrilled that technology industry leaders WebMD, Fiserv and HAX recently chose New Jersey. They all recognized the value of a New Jersey location to hire the best and brightest, move people and products quickly, and tap into a vibrant community that accelerates growth.

This year we were also proud to be recognized as the No. 1 best state to live in the U.S. by WalletHub. New Jersey offers more room to grow at a more affordable price than New York City – both for residents and businesses. There’s simply no better place for your company to grow and your family to thrive.

We are highly educated

New Jersey was named “The Smartest State in America” for a reason. We offer companies an ever-growing pool of STEM talent and set the standard for educating the next generation. From preschool to graduate school, we invest in our students to help us build the foundation for innovation. Our State boasts the No. 1 public school system in the U.S. according to Education Week, and ranks No. 1 for educating students at every level, according to U.S. News & World Report.

New Jersey’s world-class talent pool includes the highest concentration of scientists and engineers per square mile than anywhere else in the U.S. Over a half a million students are currently enrolled in New Jersey’s 63 colleges and universities, including No. 1 ranked Princeton University and research powerhouse Rutgers University. New Jersey’s elite higher education institutions produce the fourth highest share of STEM graduates in the country.

We are perfectly located

New Jersey’s East Coast location offers market access and conve¬nience any forward-thinking company needs. We are located in the heart of the Boston – New York City – Washington, D.C. corridor, with 56.5 million residents and $3.75 trillion in economic output.

New Jersey simply moves people and products like no other state. We host the nation’s second largest seaport, major rail lines, extensive mass transit including NJ Transit, PATH and Amtrak trains, and Newark Liberty International Airport – one of the nation’s busiest international

Raise a family. Build a business.

It’s not just companies that grow up in New Jersey. People thrive here, too. Thanks to the #1 ranked public school system in the country. And hundreds of miles of beaches, lakes, and mountains. Not to mention cities and towns teeming with diversity, culture and charm. No wonder so many live, work and play in the State of Innovation.

airports. Our combined regional airports in Newark, New York City and Phila¬delphia create the No. 1 airport system in the U.S., serving ~600 daily nonstop destinations.

New Jersey businesses can reach more than 38 million consumers within a two-hour drive. The Port of New York and New Jersey is the second busiest port for imports in North America.

We are incredibly diverse

As an inspiring, inclusive environment, we embrace businesses and ideas that move us forward. New Jersey may be the fourth smallest state, but it’s home to the densest population in the U.S. We are mighty in number and multiculturalism is a part of our ethos. Residing in New Jersey’s waters, the Statue of Liberty stands as a symbol of our immigrant past and present. New Jersey proudly boasts the third-largest population of foreign-born residents in the nation. We are the fourth most diverse state in the nation with a 45% minority population.

New Jersey’s talented workforce is incredibly diverse and prosperous. WalletHub’s “Economic Impact of Immigra¬tion by State” 2020 study placed New Jersey No. 3 overall. Among the subcategories, we ranked No. 1 for immigrant workforce, highest percentage of jobs generated by immigrant-owned business and the highest percent of foreign-born STEM workers.

We offer an enhanced quality of life

It’s no wonder why WalletHub named New Jersey the No. 1 best state to live in the U.S. in 2021. New Jersey is the perfect place to live, work and play. The State offers unmatched landscape diversity. Rugged mountains, dense forests, beautiful beaches, bustling cities, quaint farms, expansive wetlands—you can see it all within a few hours’ drive.

Close to urban centers in every direction—including New York City, Philadelphia, Washington D.C., and Boston—New Jersey is a vibrant mix of bucolic and bustle, charm and culture. Our State can truly transport you anywhere. New Jersey offers an array of lifestyle options, including amenity-rich and transit-connected cities and suburbs with walkable downtowns and outdoor recreation.

Russo Development is a designer, builder and owner of commercial, residential and mission-critical properties throughout the New York metropolitan area.

With over 3,100 luxury apartment homes throughout North Jersey, we have homes to suit all lifestyles. Visit VermellaNJ.com for details about all of our communities.

Vermella Lyndhurst 201.487.5657 | www.RussoDevelopment.com | www.VermellaNJ.com

New Jersey is one of the best places in the U.S. for families and has been ranked the No. 1 state to raise children. New Jersey is also ranked the No. 2 state for park space. Maybe that’s key to why we were named the “most mentally and physically fit state” according to WalletHub’s Happiest States in America list.

We are the state of innovation

New Jersey has always been home to innovation, from Edison’s light bulb and the digital cellular networks built by Bell Labs to today’s clean energy advancements and technological breakthroughs. Innovation is a part of our DNA as New Jerseyans.

Throughout our history, New Jersey has dared to think different. We’ve established an environment that supports and strengthens innovation. A gateway where business can succeed on a global scale. A region with the infrastructure, talent and resources to take your company to the next level.

We are here to help you

As the State’s leading nonprofit economic development organization, Choose New Jersey markets New Jersey as the best place in the U.S. to live, work, play – and do business. Our mission is to stimulate job creation and attract capital investment to New Jersey. We guide businesses in establishing or expanding operations here and help companies find opportunities for growth and innovation.

If you are interested in relocating or expanding your business, start with Choose New Jersey, and we will ensure a streamlined process from planning through move-in. Since our inception in 2010, Choose New Jersey has helped over 300 companies locate or expand in New Jersey. Our free, confidential services include market intelligence, site selection assistance, state resources information, introductions to public and private partners and public relations support.

Need labor data or information on state incentives? Want to collaborate with higher education experts or connect with service providers or trying to identify a property that needs your requirements? We can do it all.

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1000 Huyler Street, Teterboro, NJ 72,000 sq. ft. 25-27 Central Avenue Teterboro, NJ 75,276 sq. ft.

Relocating?

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