The Meadowlands Economic Development & Relocation Guide

The Meadowlands Economic Development & Relocation Guide

2017

The Business Resource Guide for the Greater Meadowlands Region

Home To Largest Business Growth & GDP Growth in New Jersey -SmartAsset

Businesses Choose The Meadowlands For Location, Transportation, Workforce, Cultural Diversity & Quality of Life

Economic Profile Of The Meadowlands & Sector Updates Businesses Find Support To Grow & Prosper Resources & Information For Area Businesses Photo Courtesy of NJSEA

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Making New Jersey

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PSE&G’s Energy Strong program is investing $1.22 billion to create a resilient energy infrastructure that will better withstand storms like Sandy and other natural disasters. This will save New Jersey businesses hundreds of millions of dollars in lost revenue and protect our families from the devastating impact of extended power outages.

PSE&G is a subsidiary of Public Service Enterprise Group.

We make things work for you.

WE PARTNER WITH DEVELOPERS TO BUILD OPPORTUNITY COLLABORATION THAT PROMOTES YOUR BOTTOM LINE ELEC partners with business and professional organizations to promote projects for developers.

Market support and advocacy

We advocate for policies, legislation and regulations that have helped initiate major bridge-building projects, win approvals for pipeline construction and authorize large-scale urban development programs.

We provide professional services that help developers win grassroots support for projects, obtain local approvals and secure permits.

Skills + experience + safety = productivity

ELEC is a labor-management organization built on collaboration between Local 825 Operating Engineers and its union contractors. We continually invest in workforce credentialing and training that ensure greater skills, a superb record of safety and a more profitable bottom line.

Efforts that make a difference

Learn how we can help your business develop!

Contact Kate Gibbs at 973-630-1011.

Engineers Labor-Employer Cooperative (ELEC) is a collaborative organization with representatives from: International Union of Operating Engineers Local 825 Associated Construction Contractors of New Jersey Construction Industry Council of Westchester & Hudson Valley Construction Contractors Labor Employers of New Jersey

Building On Common Ground Greg Lalevee, Chairman | Mark Longo, Director WWW.ELEC825.ORG

ELEC is the labor-management fund for IUOE Local 825

Meadowlands 2040 Foundation: Board of Trustees

This publication is brought to you by Leadership, Vision, Education, Action The Meadowlands Regional Chamber (MRC) established the 2040 Council in 2009 as an economic development “think tank” comprised of leaders from small to large companies who have invested mightily here in the Meadowlands region. The purpose was to discuss “big picture” issues that affect the economy and to create a vision plan through the year 2040: transportation infrastructure & mobility, flood control, education & workforce development, the regulatory environment and overall economic development.

One of the driving goals for the 2040 Foundation is to enhance the local economy by strengthening the workforce and improving the overall quality of life for the Meadowlands community. The 2040 Foundation helps promote awareness of workforce training programs to ensure that our region maintains high quality human capital to meet the needs of growing businesses. An educated and better developed workforce will retain existing companies and entice new businesses to relocate or invest in the Meadowlands.

The group is comprised of prominent business leaders that have deep roots in the region—and a strong commitment to improving the area for those who live and work here.

“Goya Foods has invested almost $1 billion dollars in a new 650,000 square-foot headquarters facility and state of the art distribution center here in the Meadowlands. The future of the region is critically important to our business and our family,” comments Peter Unanue.

Today the Meadowlands Regional 2040 Foundation, now fully installed as a foundation, has a ten member board of trustees led by Chairman Fletch Creamer of J. Fletcher Creamer & Son and Vice Chair Bill Hanson of NAI James E. Hanson.

Chairman Fletch Creamer of J. Fletcher Creamer & Son

Vice Chairman Bill Hanson of NAI James E. Hanson

Rich Branca, CEO of Bergen Engineering

Dominick D’Agosta a former senior banking executive

Alex Klatskin, CEO of Forsgate Industrial Partners

Jim Napolitano, James R. Napolitano

Ed Russo, CEO of Russo Development

John Saraceno, Principal of Onyx Equities

Senator Anthony Scardino Jr., former Mayor & NJ Senator of Anthony Scardino & Associates, Inc.

Peter Unanue, COO of Goya Foods

Jim Kirkos, CEO of Meadowlands Regional Chamber

Published By: Meadowlands 2040 Foundation Production Partners: Meadowlands Regional Chamber, Meadowlands Liberty Convention & Visitors Bureau and Meadowlands USA 201 Route 17 North Rutherford NJ 07070 (201) 939-0707 www.meadowlands.org Managing Editor: Joe Garavente Editorial Coordinator: Laura French Advertising Director: Martha Morley, Greer Enterprises, Inc. Design: Evan Eagleson, Eighty6 Distribution Partners: New Jersey Economic Development Authority, Choose New Jersey, Bergen County Economic Development Corporation, Hudson County Economic Development Corporation, The Retail, Hospitality and Tourism Talent Network, New Jersey Sports & Exposition Authority

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Snapshot of the Greater Meadowlands Region

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Facts & Stats: Measurements, Magnitude & Movement

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Focus on the Municipalities

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Bergen County’s Sweet Success

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Hudson County Works For You

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Transportation: Developed Infrastructure Keeps The Meadowlands Moving

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Meadowlands Tourism: Jobs, Revenue & Reputation

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A Diverse Workforce Rich in Skills, Cultures & Connections

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Powerful Resources Through NJEDA

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Your Business Resource Partners MEADOWLANDS RELOCATION GUIDE 2016

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THE MEADOWLANDS BUSINESS GROWS HERE.

T

he Greater Meadowlands region is more than just New York City’s backyard. It is a thriving environment of immense financial resources and unlimited prospects. We boast a strong economic climate cultivated by our ideal location, invaluable human capital pool and developed infrastructure.

The Meadowlands proudly hosts not just an ecosystem of rebounding, flourishing nature but also a surging ecosystem of profound economic opportunity and boundless connections.

We invite you to discover how your business can grow in the Greater Meadowlands region.

A view of New Jersey’s second-largest city, Jersey City, looking northwest toward the Meadowlands.

WITH:

PUBLISHED BY:

A view of the region as seen from across the Hudson River in Manhattan, with the Meadowlands Sports & Entertainment Complex and office buildings in the distance.

Meadowlands Sports & Entertainment Complex in East Rutherford, home to MetLife Stadium, New York Giants, New York Jets, Meadowlands Racetrack and more projects to come! Photo by NJSEA

A ECOSYSTEM OF ECONOMIC OPPORTUNITY Home to the largest business growth & GDP growth in New Jersey. –SmartAsset (Hudson & Bergen Counties)

QUICK STATS Total Population: 968,765 people Median Household Income: $70,000 Labor Force: 450,000 people Number of Businesses: 43,000 Office & Industrial Space: Over 25 million sq. ft. in the Greater Meadowlands region (excluding Jersey City which has 14.5 million sq. ft); Over 40 million sq. ft. in total throughout the region

Discover how your business can grow in the Greater Meadowlands region.

ADVANTAGES & BENEFITS Ideal location just miles outside of Manhattan Well-developed infrastructure and transit system to complement and enable businesses to capitalize on the ideal location Home to Teterboro Airport, and close to Newark Liberty International Airport (just 10 miles away), LaGuardia Airport (16 miles) and John F. Kennedy International Airport (21 miles)

The morning sun rising over the Meadowlands, as seen from Secaucus.

Adjacent to Port of New York and New Jersey, the largest port on the East Coast and the second busiest in North America—We are home to an abundance of international businesses Well-educated and highly trained workforce Aggressive economic development programs, with over $1 billion in investment incentives

SUPPORTED BY:

The Greater Meadowlands region is teeming with nature accessible to residents and visitors year-round. We proudly host acres of trails, estuaries and protected marshlands.

Highly dense and diverse population with strong consumer spending indicators

For more information call (201) 939-0707 or email mrc@meadowlands.org A special thank you to our economic development partners (see page 38)

The Greater Meadowlands:

Measurements, Magnitude & Movement

T

he Greater Meadowlands Region stands strongly on its own, and we are also a gateway to nearby metropolitan economies and markets abroad. Although we are just a few miles away from Manhattan and we are well-connected to New York City, we do not just live and work in the shadow of the city. We are a well-established, vibrant, thriving and welcoming business community in our own right.

We are home to the largest business growth & GDP growth in New Jersey, according to SmartAsset. Businesses choose the Meadowlands for location, business connections, transportation, workforce, cultural diversity and quality of work & life.

Home to the largest business growth & GDP growth in New Jersey.

–SmartAsset (Hudson and Bergen Counties)

We of course have Metlife Stadium, the Giants and the Jets— our legacy in sports & entertainment has put us on the map. And we host a prosperous community of prominent businesses in our region: Goya Foods, NAI James E. Hanson, Russo Development, J. Fletcher Creamer, JR., Hartz Mountain Industries, Samsung, HackensackUMC and The Children’s Place just to name a few. We also have a growing community of startups and small businesses that call the Meadowlands home.

Here are some key facts, figures & information for the Greater Meadowlands Region:

“View and study a map of the world and zero in on where the earth’s economic sphere of influence exists and the NJ Meadowlands and its surrounding region glows as the world’s economic center of gravity” –Senator Anthony Scardino, Jr. 8

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People The total population covered by The Greater Meadowlands Region is 968,765 people (691,034 people without Jersey City, the second largest city in the state) and the median age is 38, which is slightly younger than the 39 year median age of New Jersey overall, according to Census data.

Educational Attainment We have a highly educated population and the majority of the people in the Greater Meadowlands has completed at least a high school degree. 41 percent of the population has completed a college degree, compared with approximately 33 percent of the American population overall according to Census data.

There are 20 colleges and universities in the Greater Meadowlands, and 198 colleges and universities within 50 miles.

Labor & Workforce The Greater Meadowlands engages 450,605 total employees in over 43,000 establishments across a diverse spectrum of industries.

“The Meadowlands is a growing region of opportunity. Now is the perfect time to take advantage of all it has to offer—reasonable real estate prices, close proximity to New York City, convenient mass transportation and lower taxes than New York state and city taxes It makes sense to establish your business presence now and create an identity that will be easily recognized by businesses established in the region—and those that move here in the future.”

Industry & Jobs The Greater Meadowlands has a total of 43,075 businesses. The leading industries in The Greater Meadowlands are Retail & Hospitality, Manufacturing, Professional/Scientific/Technical Services and Education.

–Patti Goldfarb, Employee Benefits Advisors Group “The concentration of business in the Meadowlands makes it very efficient to run your business—proximity means you don’t have to travel far to do a lot of business in a short period of time.”

–Mike Mahoney, The Alternative Board Bergen County

66 percent of the workforce is white collar/professional service while 33 percent of the workforce covers blue collar sectors. In the United States as a whole, white collar/professional service employees cover 40 percent of the workforce and other occupations account for 60 percent of the workforce, according to data from the Kaiser Family Foundation.

“This central location, with easy access to various transportation hubs and close proximity to New York City, provides Felician University students with exposure to the arts and culture, a broad field of internship opportunities and interaction with a diverse population. These enhancements to the education experience, along with Felician’s commitment to providing our students with a premier, high quality education, all work together to ensure Felician graduates will be well prepared to excel in a diverse, global workforce and become the ethical leaders of tomorrow.”

–Anne M. Prisco, Ph.D., President, Felician University Office & Industrial Office Space The Greater Meadowlands region hosts over 40 million sq. ft. of office and industrial space, according to data from OfficeSpace.com.

The Greater Meadowlands region excluding Jersey City has over 25 million sq. ft. of office and industrial space and Jersey City alone has 14.5 million sq. ft.

“When talking about North Jersey, the region with the most to offer is the Greater Meadowlands footprint. From endless business opportunity—located next to the greatest city in the world—the Greater Meadowlands Region continues to display an economic engine that supports community, business and family while sensitive to economic development and infrastructure.”

–Rick Dabagian, Action Graphics Continued on pg. 10

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The Greater Meadowlands Continued from pg. 9

Diversity of Business Sizes: From Startups to Corporations The Greater Meadowlands is home to businesses of all different sizes, from small startups to mid- and large-sized corporations.

“Opening our first location for our business, Pole Position Raceway, in the Meadowlands region was the best decision we could have made. Our business hosts both consumers as well as the business sector. The business relationships we’ve cultivated through the Chamber have enabled us to introduce our venue to hundreds of companies in a short span of time. We have created lasting and trusted partnerships with sponsors, vendor and suppliers. The region has so much opportunity and we have grown much faster than we ever imagined as a result!”

-Karen Davis-Farage, Pole Position Raceway spending indicator that is 22 percent higher than the national average in the United States.

Income & Spending

The median household income is 40 percent higher than the median household income for the overall United States.

Household spending is 22 percent higher than the national average in the United States.

The median income is 40 percent higher than the median household income for the overall United States.

Households in The Greater Meadowlands earn a median yearly income of $70,000, with more households in the ‘greater than $100,000’ income bracket than any other bracket. The median income is 40 percent higher than the median household income for the overall United States. It matches the median income for New Jersey, which is the second highest income state in the country.

Household expenditures average $62,994.00 per year, a strong

“Due to a mature transportation infrastructure, highly educated workforce and quality of life, many or our client’s gravitate toward the Meadowlands region.”

–Frank Recine, Newmark Grubb Knight Frank 10 MEADOWLANDS RELOCATION GUIDE 2016

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Transportation More information about transportation in the Greater Meadowlands Region can be found in the feature story on page 22 but here are some fast facts: The average resident’s commute time is 25 minutes, less than the rest of the New York City metropolitan area which has an average commute time of 36 minutes. This includes residents of the Meadowlands who commute to work inside as well as outside the region, including those who work in New York City. Residents of the Meadowlands commute to work by car, bus or train. Jersey City has the second highest usage of mass transit for work commuters in the United States of America, just behind New York City.

The Greater Meadowlands Region is serviced by several state and interstate highways, as well as the New Jersey Turnpike which runs right through it. The Garden State Parkway borders the western part of the region. The Greater Meadowlands region connects three Hudson River crossings into Manhattan—the Holland Tunnel, Lincoln Tunnel and the George Washington Bridge.

Teterboro Airport is located right in the heart of the region,

The Greater Meadowlands home to many private aviation charter companies that fly nationally and globally. Newark Liberty International Airport is just 10 miles away. There are 25 airports within 50 miles of the region, including LaGuardia Airport (16 miles) and John F. Kennedy International Airport (21 miles) in New York City.

Mass transit is abundant. NJ Transit services the Greater Meadowlands Region with several train lines, bus lines and the Hudson–Bergen Light Rail. Jersey City and Harrison are serviced by the PATH train, which goes directly to World Trade Center in Manhattan and also Newark Penn Station. There are also several private services available, including EZ Ride through Meadowlink, which offers shuttle transportation around the region. A NJ Transit train ride from Secaucus Junction to New York Penn Station can take as little as 8 minutes.

$3,000 per job, per year through New Jersey Economic Development Authority’s Grow NJ Assistance Program. More information about this can be found in the feature on page 34.

Business Incentives There are over $1 billion from identified incentive packages going toward investment projects across companies, industries and municipalities in the Meadowlands, according to WAVTEQ which tracks incentive programs across the United States. This number also represents 29 percent of all incentive investments in the entire state of New Jersey, despite the Meadowlands region representing a relatively small geography.

“This is a very densely populated area, so you don’t have to go far to find clients for one thing. And there’s a lot of different types of businesses in this area—there’s a complete cross section of everything here. So whatever your customer base is, you can find it around here.”

“Goya Foods has invested almost $1 billion dollars in a new 650,000 square-foot headquarters facility and state of the art distribution center here in the Meadowlands. The future of the region is critically important to our business and our family.”

-Peter Unanue, COO of Goya Foods

–Suzanne Buggé, A Focused Advantage Data for this piece was compiled from ZoomProspector, a subsidiary of GIS Planning, Inc., as well as other sources that are cited in the text.

“We relocated our office to the Meadowlands area years ago after recognizing the relative ease of access to the highway system in North Jersey. In addition, we have found a strong base of local businesses to serve and from which we benefit.”

–Anthony Iovino, Arcari + Iovino Architects, PC Tax Information Business organizations that are creating or retaining jobs in New Jersey may be eligible for tax credits ranging from $500 to $5,000 per job, per year; with bonus credits ranging from $250 to

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608 Ridge Road • Lyndhurst, NJ 07071 Phone: 201-939-1446 • Fax: 201-939-1448 MEADOWLANDS RELOCATION GUIDE 2016

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Municipality Profiles Bergen County Bogota

Mayor: Christopher M. Kelemen Telephone Number: (201) 342-1736 Website: www.bogotaonline.org Population in 2010: 8,187 Population in 2015: 8,400 Percent Change: 2.6 percent Median Household Income: $75,957 Median Home Value: $322,800 Key Employer: Bogota Savings Bank

Carlstadt

Mayor: Craig Lahullier Telephone Number: (201) 939-2850 Website: www.carlstadtnj.us Population in 2010: 6127 Population in 2015: 6,279 Percent Change: 2.5 percent Median Household Income: $71,847 Median Home Value: $383,100 Key Employers: Allied Beverage Group L.L.C.; Pinnacle Environmental Corporation; Unimac Graphics; Russo Development LLC; Onyx Equities LLC

Cliffside Park

Mayor: Thomas Calabrese Telephone Number: (201) 945-3456

Website: www.cliffsideparknj.gov Population in 2010: 23,594 Population in 2015: 24,857 Percent Change: 5.3 percent Median Household Income: $56,171 Median Home Value: $391,800

East Rutherford

Mayor: James L. Cassella Telephone Number: (201) 933-3444 Website: www.eastrutherfordnj.net Population in 2010: 8913 Population in 2015: 9,164 Percent Change: 2.8 percent Median Household Income: $70,934 Median Home Value: $403,100 Key Employers: Allied Building Products Corporation; MWWPR; Branca Properties Inc.; The Alpine Group, Inc.; New York Giants; New York Jets; Meadowlands Racetrack;

Fairview

Mayor: Vincent Bellucci Jr. Telephone Number: (201) 943-3300 Website: fairviewborough.com Population in 2010: 13,835 Population in 2015: 14,451 Percent Change: 4.5 percent Median Household Income: $51,990 Median Home Value: $365,400

Bergen County Court House in Hackensack, nearby to many legal and professional service firms.

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Garfield

Mayor: Tana M. Raymond Telephone Number: (973) 340-2000 Website: www.garfieldnj.org Population in 2010: 30,487 Population in 2015: 31,802 Percent Change: 4.3 percent Median Household Income: $46,499 Median Home Value: $334,300 Key Employer: Fidelity Care Inc;

Hackensack

Mayor: John P. Labrosse, Jr. Telephone Number: (201) 646-3980 Website: www.hackensack.org Population in 2010: 43,010 Population in 2015: 44,834 Percent Change: 4.2 percent Median Household Income: $53,338 Median Home Value: $284,300 Key Employers: J. Fletcher Creamer & Son Inc.; Hackensack University Medical Center; Innodata, Inc.; NAI James E. Hanson

Hasbrouck Heights

Mayor: Jack DeLorenzo Telephone Number: (201) 288-0195 Website: www.hasbrouck-heights.nj.us Population in 2010: 11,842

Meadowlands Racetrack at the Meadowlands Sports & Entertainment Complex hosts both thoroughbred racing and harness racing, and is home to the Hambletonian Stakes

Population in 2015: 12,227 Percent Change: 3.3 percent Median Household Income: $87,705 Median Home Value: $415,900 Key Employers: Shin Ei Fuji of Hasbrouck Heights, Inc.; Motor Inn Associates, LLC

Leonia

Mayor: Judah Zeigler Telephone Number: (201) 592-5780 Website: http://www.leonianj.gov/ Population in 2010: 8,937 Population in 2015: 9,219 Percent Change: 3.2 percent Median Household Income: $78,882 Median Home Value: $479,800 Key Employers: Field Station: Dinosaurs

Little Ferry

Mayor: Mauro D. Raguseo Telephone Number: (201) 641-9234 Website: www.littleferrynj.org Population in 2010: 10,626 Population in 2015: 10,963 Percent Change: 3.1 percent Median Household Income: $63,810 Median Home Value: $343,800 Key Employers: Dassault Falcon Jet Corp.; Gates Realty Corp.; Arcari & Iovino Architects PC;

Lodi

Mayor: Emil Carafa, Jr. Telephone Number: (973) 365-4005 Website: www.lodi-nj.org

Population in 2010: 24,136 Estimated Population in 2015: 24,835 Percent Change: 2.9 percent Median Household Income: $48,914 Median Home Value: $354,200 Key Employers: Labor Ready; Atlantic Detroit Diesel-Allison, LLC; The Star Group

Website: www.northarlington.org Population in 2010: 15,392 Population in 2015: 15,904 Percent Change: 3.3 percent Median Household Income: $71,750 Median Home Value: $358,400 Key Employers: AM Cosmetics Inc.; Labor Management Concepts, Inc.

Lyndhurst

Palisades Park

Mayor: Robert B. Giangeruso Telephone Number: (201) 804-2457 Website: www.lyndhurstnj.org Population in 2010: 20,554 Population in 2015: 22,079 Percent Change: 8.4 percent Median Household Income: $71,848 Median Home Value: $365,900 Key Employers: Alpha Industries, Inc.; Polo/Ralph Lauren; Megas Yeeros, LLC

Ridgefield

Moonachie

Mayor: Dennis Vaccaro Telephone Number: (201) 641-1813 Website: www.moonachie.us Population in 2010: 2,708 Population in 2015: 2,788 Percent Change: 3 percent Median Household Income: $63,438 Median Home Value: $344,700 Key Employers: Avanti Linens; LPS Industries Inc.; FLOMO/Nygala Corp.;

North Arlington

Mayor: James Rotundo Telephone Number: (201) 585-4100 Website: www.palisadesparknj.us Population in 2010: 19,622 Population in 2015: 20,743 Percent Change: 5.7 percent Median Household Income: $59,429 Median Home Value: $520,200 Key Employer: Time Warner Cable

Mayor: Anthony Suarez Telephone Number: (201) 943-5215 Website: www.ridgefieldnj.gov Population in 2010: 11,032 Population in 2015: 11,373 Percent Change: 3.1 percent Median Household Income: $69,466 Median Home Value: $493,600 Key Employer: Carolace Embroidery Co., Inc.; DVTEL, Inc.

Ridgefield Park

Mayor: Joseph Bianchi Telephone Number: (201) 991-6060

Mayor: George D. Fosdick Telephone Number: (201) 641-4950 Website: www.ridgefieldpark.org Continued on pg. 14

Field Station Dinosaurs at Overpeck County Park in Leonia, the northern part of the Meadowlands region.

The Marsh Discovery Trail in Lyndhurst’s DeKorte Park provides up-close vantage point to observe and photograph the beauty of the Meadowlands. Photo by NJSEA

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Municipality Profiles Continued from pg. 13 Ridgefield Park continued.

Population in 2010: 12,729 Population in 2015: 13,102 Percent Change: 2.9 percent Median Household Income: $64,741 Median Home Value: $333,800 Key Employers: Samsung Electronics American, Inc.; FORT Group

Rutherford

Mayor: Joseph DeSalvo, Jr Telephone Number: (201) 460-3001 Website: www.rutherford-nj.com Population in 2010: 18,061 Population in 2015: 18,690 Percent Change: 3.5 percent Median Household Income: $82,385 Median Home Value: $422,000 Key Employers: Cancer Genetics, Inc.; Boiling Springs Savings Bank; Newmark Grubb Knight Frank; Robert Half International

South Hackensack

Mayor: Gary Brugger Telephone Number: (201) 440-1815 Website: www.southhackensacknj.org Population in 2010: 2,652 Median Household Income: $66,042 Median Home Value: $$453,765 Key Employers: Naturex Inc.; Boswell Engineering

Teaneck

Mayor: John P. Watt Telephone Number: (201) 837-1600 Website: www.teanecknj.gov Population in 2010: 39,776 Population in 2015: 40,972 Percent Change: 3 percent Median Household Income: $53,125 Median Home Value: $391,600 Key Employers: Holy Name Hospital; Cognizant Technology Solutions

Teterboro

Mayor: Mohammed Hameeduddin Telephone Number: (201) 288-1200 Website: www.teterboro-online.com Population in 2010: 67 Population in 2015: 69 Key Employers: Teterboro Airport; Quest Diagnostics Clinical Laboratories, Inc.; Jet Aviation; Forsgate Industrial Partners

Wallington

Mayor: Mark W. Tomko Telephone Number: (973) 777-0318 Website: www.wallingtonnj.org Population in 2010: 11,335 Population in 2015: 11,716 Percent Change: 3.4 percent Median Household Income: $53,502

Park Avenue in Rutherford. The Meadowlands hosts several ‘small downtown districts’ with a multitude of retail and restaurant businesses. Photo by Jair Cabal

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Median Home Value: $386,600 Key Employers: Farmland Dairies LLC; McNally International Corp.

Wood-Ridge

Mayor: Paul A. Sarlo Telephone Number: (201) 939-0202 Website: www.wood-ridgenj.org Population in 2010: 7,626 Population in 2015: 8,249 Percent Change: 8.2 percent Median Household Income: $97,006 Median Home Value: $391,000 Key Employers: Terminal Construction Corporation; Meadowlink/EZ Ride; Fujitec Elevator Co. Inc.

Hudson County East Newark

Mayor: Joseph R. Smith Telephone Number: (973) 481-2902 Website: www.boroughofeastnewark. com Population in 2010: 2,406 Population in 2015: 2,665 Percent Change: 10.8 percent Median Household Income: $53,281 Median Home Value: $286,500 Continued on pg. 16

Teterboro Airport is owned and managed by the Port Authority of New York and New Jersey.

Newark Liberty International Airport is also just 10 miles away.

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Municipality Profiles Continued from pg. 14

Harrison

Mayor: James A. Fife Telephone Number: (973) 268-2425 Website: townofharrison.com Population in 2010: 13,620 Population in 2015: 15,474 Percent Change: 13.6 percent Median Household Income: $53,772 Median Home Value: $297,300 Key Employers: Pechters Baking Group LLC; FMB, Inc.

Jersey City

Mayor: Steven M. Fulop Telephone Number: (201) 547-5000 Website: www.jerseycitynj.gov Population in 2010: 247,597 Population in 2015: 264,290 Percent Change: 6.7 percent Median Household Income: $58,907 Median Home Value: $323,800 Key Employers: GOYA Foods; Ports American, Inc.; Verisk Analytics; Bel Fuse Inc.

Kearny

Mayor: Alberto G. Santos Telephone Number: (201) 955-7400 Website: www.kearnyusa.com Population in 2010: 40,684 Population in 2015: 42,137 Percent Change: 3.6 percent Median Household Income: $63,093

Median Home Value: $311,200 Key Employers: Fedway Associates Inc; Freeman; Fedway Associates Inc.

North Bergen

Mayor: Nicholas J. Sacco Telephone Number: (201) 392-2024 Website: www.northbergen.org Population in 2010: 60,773 Population in 2015: 62,602 Percent Change: 3.7 percent Median Household Income: $54,365 Median Home Value: $292,600 Key Employers: Palisades Medical Center; Keystone Freight Corp.; Big M, Inc.

Secaucus

Mayor: Mike Gonnelli Telephone Number: (201) 330-2000 Website: secaucusnj.gov Population in 2010: 16,264 Population in 2015: 19,104 Percent Change: 17.5 percent Median Household Income: $84,626 Median Home Value: $393,900 Key Employers: The Children’s Place, Inc.; Cosco Logistics Inc.; Ernst & Young, LLP;

Essex County Nutley

Mayor: Joseph P. Scarpelli

View of Pulaski Skyway and PSEG’s Kearny Generating Station, helping to power the Meadowlands region.

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Telephone Number: (973) 284-4955 Website: www.nutleynj.org Population in 2010: 28,370 Population in 2015: 28,748 Percent Change: 1.3 percent Median Household Income: $84,711 Median Home Value: $361,600 Key Employer: Indigo Systems NJ

Passaic County Clifton

Mayor: James Anzaldi Telephone Number: (973) 470-5800 Website: www.cliftonnj.org Population in 2010: 84,136 Population in 2015: 86,334 Percent Change: 2.6 percent Median Household Income: $68,096 Median Home Value: $338,800 Key Employers: AVE Clifton; RCL Agencies

Passaic

Mayor: Alex D. Blanco Telephone Number: (973) 365-5500 Website: www.cityofpassaic.com Population in 2010: 69,781 Population in 2015: 71,085 Percent Change: 1.9 percent Median Household Income: $33,081 Median Home Value: $309,300 Key Employer: CMIT Solutions

Satellite view of Mill Creek in the Meadowlands, one of the area’s many ecotourism sites.

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Bergen County’s Sweet Success Expanding big business & bridging relations

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n Bergen County, business is sweet.

Literally. Bergen is home of the “big 07652” (Paramus) where you’ll find the Garden State Plaza—a mall attracting 19 million shoppers per year. Oreo cookies are made every day in Bergen (Fair Lawn) along with a delicious beverage to wash them down, Yoo-hoo (Carlstadt).

But it’s more than the success of the shopping and sugar sectors that make Bergen County so appealing to site selectors and prospective businesses; it’s our highly skilled workforce, close proximity to Manhattan, outstanding colleges/universities and top-rated hospitals and medical centers—not to mention assistance from the Bergen County Division of Economic Development (BCDED) connecting them to these assets.

In some places, the economic development team meets with companies once, then refers them to the next organization.

In Bergen County, we take an expansive, continuing approach. We get all the key people, from both the public and private sectors, together in one room so a company feels 100 percent supported. What comes out of this process? Ongoing conversations, comprehensive services and strategic solutions. More specifically, the BCDED helps companies identify sites for relocation/expansion projects, hire and train skilled workers, apply for Grow NJ’s tax incentives and secure transportation for employees. The BCDED also serves Bergen’s municipalities in repurposing antiquated office buildings, revitalizing downtowns, establishing improvement districts and more.

“Right now we’re in the process of helping an international manufacturer open a facility here,” says Joanne Cimiluca, BCDED director. “So far, we’ve partnered with the Bergen County Workforce Development Board, Bergen Community College, Meadowlands Regional Chamber and the mayor. And we’re not done,” she added.

As former mayor of Paramus, Bergen County Executive Jim Tedesco has seen

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firsthand the powerful impact of strong public-private partnerships. “Bringing together the resources and talent of government, business and nonprofit sectors benefits all of us,” he says.

Companies and municipalities often face challenges when taking on major economic projects, as do developers and builders. In Bergen County, we help wherever we can, from start to finish and beyond.

Some of Bergen County’s economic development projects are Wesmont Station (Wood-Ridge), Hudson Lights (Fort Lee), Skymark Town Center (Ridgefield Park) and American Dream at the Meadowlands.

Company newcomers include outdoor prehistoric theme park Field Station Dinosaurs (Leonia), Memorial Sloan Kettering (Montvale), Amazon (Moonachie), Platinum Press (Oakland), Brainsway USA (Hackensack) and LuLu Hypermarket (Lyndhurst).

Many marquee corporations call Bergen home, including Becton Dickinson, Stryker, Jaguar, Unilever, Samsung, Das-

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sault Falcon, Quest Diagnostics, Volvo, Sharp, Konica Minolta, LG Electronics, BMW and others. Thousands of small businesses and Main Street shops line our 70 municipalities, and there are over 1,500 manufacturers. With figures like this, Bergen County’s looking sweeter than ever.

But never do we at the BCDED take this for granted. Our goal is to have ongoing conversations with CEOs, mayors, business administrators, site selectors and commercial real estate brokers each week.

We want to play a part in a company’s or town’s prosperity.

This kind of advocacy makes all the difference in the world. Or in the county, anyway.

Joanne Cimiluca is the director of Bergen County’s Division of Economic Development (BCDED). For assistance with BCDED’s services, please contact (201) 3367500 or visit http://www.co.bergen.nj.us/ index.aspx?nid=155

Bergen County is a wonderful place to live, work and raise a family. Nearly one million people live in one of our 70 unique and vibrant municipalities. Our county attracts thousands of visitors each day to our businesses, educational facilities, historical sites and special events. Our retail shopping facilities are second to none. Bergen Community College attracts students from across the county and state. Places to visit include the Meadowlands, 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.

As the largest county in NJ, Bergen County offers a sizable pool of diverse, well-educated, highly skilled workers. Our business community is a thriving mix of Fortune 500 companies and small businesses alike. My administration is proud to partner with the Meadowlands Regional Chamber and other agencies and organizations to grow our economy and capitalize on opportunities for public-private partnerships.

We continue to strive every 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 need anything, please do not hesitate to reach out to my office by contacting (201) 336-7300 or emailing countyexecutive@co.bergen.nj.us. My staff and I are here to help.

Sincerely, James J. Tedesco, III Bergen County Executive

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Hudson County Works For You

Location & amenities make Hudson County a prime spot for business

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ituated on the Hudson River directly across from Manhattan, you cannot find a better location for your business than Hudson County. We are the direct center of the nation’s number one dominant market area and we enjoy easy access to New York City, Philadelphia and Connecticut. We have desirable commercial, industrial and residential space along the Hudson River and throughout Hudson County, and we are a central transportation hub for both commuter and freight traffic.

A close second to location is Hudson County’s diversity. Hudson County is a community of more than 600,000 residents and is the fourth most ethnically diverse county in the nation today. This rich diversity translates into a highly effective workforce with fluent, multilingual capabilities, a strong sense of community and international business ties.

For quality of life look to Hudson County for its old world brownstones, glamorous condos and luxury apartment living along the county’s sparkling waterfront. Our proximity to New York City’s wealth of entertainment venues and easy access to professional football and world class soccer games in nearby MetLife Stadium and Red Bull Arena are a tremendous asset to enjoy personally and to share with business clients.

Hudson remains a transportation hub, boasting a modern light rail system that runs north-south throughout the County, and serviced by several major transportation arteries, including the New Jersey Turnpike, I-280, and U.S. Route 1 & 9.

We are within short travel distance of Newark Liberty, Kennedy and LaGuardia International Airports. And we also continue to build on our proud history in the shipping industry with recently improved deep-water ports, now ready to handle the super-freighter traffic of the 21st Century.

The Hudson County Economic Development Corporation (HCEDC) plays a

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key role in encouraging business development here in Hudson County, lending over three million dollars in low cost financing to small businesses throughout the county.

HCED also administers the County’s award winning Brownfields programs, and serves the business community with site location and relocation services.

Business Loans Do you need a loan for your business?

Looking to grow your business in Hudson County?

The Business Loan Program through HCEDC provides below-market funding to small businesses. These loans are blended to the Prime Rate. Loans vary between $25,000 and $100,000 and may be used for working capital, purchase of inventory, machinery/equipment and building acquisition/expansion.

Repayment terms are flexible and can range to a maximum of ten years. We have originated more than $3 million in loans to

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local businesses.

We now offer a MicroLoan Program that provides loans to commercial enterprises with five or fewer employees. Contact the HCEDC at (201) 369-4370 to learn if your company is eligible. Loans can range from $5,000 to $25,000. These loans are available to businesses in Bayonne, East Newark, Guttenberg, Harrison, Hoboken, Kearny, North Bergen, Secaucus, Union City, Weehawken and West New York. Application fees do apply.

Bonding is also available through the NJ Economic Development Corporation.

Our loan coordinator will be happy to visit your company and answer any questions you may have. Simply fill out the form below to begin getting more information.

Put Hudson County To Work For assistance with any of HCEDC’s services, please contact us at (201) 369-4370 or visit hudsonedc.org.

Hudson County offers a range of partnership opportunities to help you grow your business.

The Hudson County Economic Development Corporation offers crucial small business loans; the Hudson County Office of Minority & Women Owned Business Enterprise can provide valuable technical expertise; and our Workforce Development One Stop Center can provide you with trained, prequalified workers with the training and skills you need.

We’re also proud of the many civic institutions we work with to create a strong and stable business environment in Hudson County, like the Meadowlands Regional Chamber. This economic development guide is one of many services they provide to deliver quality information to their members and the larger community.

If you would like to know more about why Hudson County is your address for business success, please contact the Hudson County Economic Development Corporation at (201) 369-4370.

Let’s get together and get to work.

Sincerely, Thomas A. DeGise Hudson County Executive

Connecting The Meadowlands Developed infrastructure keeps the region moving

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ransportation infrastructure consists of much more than just the roads that connect one location to another. Every road, rail, bus route and shuttle route represents a link between a business and a client, an employee and their workplace or a product and its destination.

The more linkages that are available, the more opportunities there are for businesses to increase their customer count. By providing quality public transportation, the Meadowlands aims to better connect businesses to reduce fuel and save on commuting time.

In the Meadowlands, complex and ever-improving infrastructure and technology advancements aim to provide these opportunities and prevent setbacks—facilitating travel to and from nearby New York City through NJ Transit and other services.

Infrastructure improvements are also at work shortening the distance between company and consumer. Roads and rail lines are being extended and various projects are being implemented to take the burden off of commuters. This will allow them to spend more of their energy on the job and less of it on the road.

Bringing life to the region The Meadowlands’ proximity to New York City means that travel to and from the Big Apple is a key factor in the structure of the region’s roads and transit routes. The only thing standing in the way of this goldmine of potential consumers and employees is the time it takes to move from one location to the other. It is fortunate, then, that the ride time from New York Penn Station to Secaucus Junction can be as little as eight minutes. In addition, NJ Transit’s Northeast Corridor Rail Line provides a trip to or from Newark Liberty International Airport in only 15 minutes, and the Meadowlands is less than 15 miles from the Port of New York and New Jersey, the largest port on the East Coast and the second busiest in North America.

Frank R. Lautenberg Rail Station at Secaucus Junction “on a daily basis offers unparalleled levels of rail transit access to points in New Jersey and New York City,” according to a technical report we commissioned called Meadowlands Mobility 2040. The station connects to all but one of NJ Transit’s commuter rails, serves about 70,000 people daily and is accessible from

over 150 other NJ Transit stations. As it is described in the report, this station is “the connective tissue that can bring opportunity, place and people together – by rail, by bus and by shuttle.”

Route 3, Route 7 and Route 17 are described as the “main arteries” with Route 3 also being called a “spine” and a “major lifeline as it feeds the Meadowlands, the Hudson River Waterfront and New York City via the Lincoln Tunnel.” Like a spinal cord feeds information to the brain, Route 3 feeds information, resources, products and people to the region and nearby areas.

New Jersey buses make about 1,000 trips along Route 3 daily, carrying 30,000 passengers to and from jobs, meetings, events and more. The local roads that these highways stem into—the capillaries where travelers meet their destinations—are also an important part of the infrastructure, including Paterson Plank Road, West Side Avenue, Moonachie Road and the Meadowlands Parkway.

The high amount of commuter activity on these roads and throughout the densely populated area is greatly relieved by the many forms of public transportaContinued on pg. 24

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tion available to employees. Rail trains and buses travel between trains stations and major employment centers such as the Meadows Office Complex, Harmon Meadow and Harmon Cove. Additional, several EZ Ride shuttles are made available by Meadowlink, the region’s Transportation Management Association, to provide more comprehensive and convenient access to workplaces for a variety of employees.

Many major employers and their workers benefit from this shuttle system, including UPS in Secaucus, as well as Federal Reserve Bank and Aramark in East Rutherford.

In addition, three park-and-ride facilities within the region, and several more available nearby, provide thousands of convenient parking spaces for transit passengers, further reducing traffic congestion during rush hour, as hundreds of thousands are traveling in and out of the area.

Intelligent improvements The transportation infrastructure of the Meadowlands is in a dynamic stream of maintenance and improvement. There are several future projects set forth by the area’s zoning and planning agency, The New Jersey Sports & Exposition Authority (NJSEA), and several great accomplishments behind them. In 2009, the Meadowlands Rail Line and Meadowlands Station at MetLife Stadium opened, with the ability to transport 10,000 people to and from the stadium per hour. This effectively reduces road traffic during times when thousands are drawn to the area at once.

In 2014, major repairs and improvements to Route 3’s Passaic River Crossing were completed, including road widenings and the replacement of the moveable bridge with a fixed bridge. This provides a smoother and safer commute for approximately 65,000 drivers daily, reducing congestion on Route 3 and other nearby roads. This project was “smart sized” and completed in stages in order to minimize the inconvenience of construction for commuters and spread the budget out in a way that was most cost-effective. Supported by the advocacy of the NJSEA and Meadowlands Regional Chamber, projects like this can continue to see fruition and benefits for residents, commuters and businesses alike.

One of the most notable recent transportation improvements in the Meadowlands is surprisingly not the construction of a new road, bridge, rail line or parking lot—but the installation of new technology into 128 traffic signals in order to significantly improve the flow of traffic. This project is an intelligent system known as

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the Meadowlands Adaptive Signal System for Traffic Reduction, or MASSTR. MASSTR, which received an extremely competitive $10 million TIGER II grant in 2010, also won the 2013 Outstanding ITS Project Award from the Intelligent Transportation Society of New Jersey.

MASSTR, which was named 2013 Project of the Year from Institute of Transportation Engineers, improves traffic conditions by rejecting the fixed system that most traffic lights run by. Instead it has traffic signals respond intelligently to the actual flow of traffic at any given time.

These advanced traffic lights are monitored in real time by technicians at the NJSEA Traffic Management Center.

The MASSTR system reduces delays significantly, and is estimated to reduce gas consumption by over 1.2 million gallons per year. They also reduce greenhouse gas emissions from waiting vehicles by about 11,000 tons per year. All these benefits, while continuing to ensure the safety of about three million drivers per day at dozens of intersections in the region.

The time and gasoline conserved by the MASSTR system translate into millions of dollars in savings, with the emissions no longer flowing out of the tailpipes of needlessly idling vehicles.

Down the road Improvements to the Meadowlands’ infrastructure is never-ending, with documents and conferences from the Meadowlands 2040 Council, the economic development think tank that helps produce this publication, setting forth a plan for potential future projects.

The Meadowlands is enjoying collaboration between government agencies, chambers of commerce, universities, businesses and communities to advocate for the projects that would most benefit the region.

Currently, the Amtrak Gateway Pro-

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gram, a plan for extensive improvements and increases in rider capacity along the Northeast Corridor, is a priority, as it will accommodate the projected doubling of ridership along the Corridor by the year 2040.

As the population and economic climate grow and evolve, infrastructure must also evolve. Gateway will ensure the evolution of Trans-Hudson transportation that will allow the Meadowlands region to thrive.

Other future projects with planning underway include the extension of the New York No. 7 subway line to Secaucus, to directly link the Meadowlands with Grand Central Station and Times Square vya the city subway system; Phase II of the Sports Complex rail loop, which would allow access to the Sports Complex from both the Bergen County and Pascack Valley lines; and the implementation of a bus rapid transit (BRT) system in Bergen County. The latter would make bus transportation faster with less stops and would provide the addition of other elements such as exclusive bus lanes, traffic signal priority for buses and off-board fare payment by passengers.

The Meadowlands benefits from its proximity to “the city that never sleeps.”

And dedication to transportation improvement never sleeps either when the region has so much more to benefit from. This includes the smoothing of traffic, the increased efficiency of public transit and the extension of roads and transit lines between areas that have the potential to be symbiotic benefactors.

When commute times are decreased and avenues are opened up between locations, businesses and their employees are the benefactors.

The Meadowlands is already well on its way to being a well-oiled mobility machine through which both New Jerseyans and New Yorkers travel daily—and as long as transportation remains essential to economic prosperity, the oil will never run out.

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Tourism in the

Meadowlands

Jobs, revenue & reputation in destination development

The Meadowlands Sports & Entertainment Complex in East Rutherford hosts the New York Giants and New York Jets at MetLife Stadium, as well as the Meadowlands Racetrack. Photo by NJSEA

The Greater Meadowlands region is teeming with ecotourism and nature opportunities accessible to residents and visitors year-round.

Meadowlands Racetrack hosts both thoroughbred racing and harness racing, and is home to the Hambletonian Stakes.

Medieval Times, a tournament dinner theater featuring jousting and sword-fighting, is located in Lyndhurst.

Pole Position Raceway, indoor go karting, is located in Jersey City.

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ourism is a revenue-generating, job-creating, community-supporting and reputation-building industry that cannot be ignored. According to the regional Economic Impact of Tourism report, published last year by Rockport Analytics with data from 2014, visitors drawn to the Meadowlands’ businesses, venues, attractions and hospitality that year spent $456 million, supported 10,700 jobs and paid $233 million in taxes to support state operations. Retail and hospitality, combined as one industry, is the largest provider of jobs in the Meadowlands, with over 4,700 organizations and nearly 44,000 employees.

In addition to the direct income this industry produces for the region, the Meadowlands also benefited from about $131 million of indirect income to businesses along the supply chain and $158 million in induced wage-spending facilitated by tourism revenue.

The Meadowlands is growing as a tourism destination The combined $745 million generated by tourism that year is certainly nothing to sneeze at, but even more impressive is the rate at which the tourism and hospitality industries are growing in the Meadowlands. Between 2013 and 2014, revenue brought to the Meadowlands by visitors increased by 7.9 percent, much more than in previous years. This even controlled for and excluded the two percent increase that can be attributed to Super Bowl XLVIII being hosted at MetLife stadium.

For comparison, according to a 2015 report by Tourism Economics, total tourism industry sales in the entire state of New Jersey increased by about 3.6 percent within the same time period. Tourism is a growing industry statewide, but it is particularly thriving here in the Meadowlands—more than double the state overall. While the Meadowlands provides visitors with unique locations and experiences, it also presents businesses with unique opportunity to harmoniously benefit from and contribute to the economic growth of the region’s ever-expanding tourism and hospitality industry.

Millions of visitors come to the Meadowlands region each year, and each of those visitors will come into contact with dozens of businesses along the way, both directly and indirectly. Any visitor who comes to tour a local point of interest or attend a local event may also stay in a local hotel, eat at a local restaurant, shop at a local mall or plaza or take advantage of a local service, such as a car rental or dry cleaner.

Tourism Economics reports that parties visiting New Jersey spend about $701 per visit, with different groups spending more or less than

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others. Millennials only spend about $454 per visit, while the highest spenders are Gen Xers who spend about $790 per trip.

There are plenty of major sites and events that bring these customers to the region, including Liberty State Park, Liberty Science Center, Pole Position Raceway (an indoor electronic go-kart track), and Field Station: Dinosaurs, which is a kid-friendly, family-friendly attraction featuring lifesize animatronic dinos and a one-of-a-kind immersive educational experience.

MetLife Stadium, in addition to being the home of the New York Jets and the New York Giants and host of the Super Bowl in 2014, is the site of yearly summer concerts featuring music artists ranging from Eminem to AC/DC to Bruce Springsteen to Beyoncé. These concerts can draw in as many 100,000 visitors each, and generate a gross revenue of over $10 million in ticket sales alone. The revenue brought to businesses in the area as visitors become patrons and customers is an important part of what drives the Meadowlands economy forward.

Connecting businesses & customers The Meadowlands Liberty Convention & Visitors Bureau (www.mlcvb.com) is one resource that directs visitors to the businesses nearby the event they are attending or the site they are seeing that will fulfill their entertainment, shopping, social, food and hospitality needs. The Bureau organizes their website—which lists these businesses with information, directions and links to book spaces or buy tickets— based on exactly what visitors want to do when they come to the Meadowlands: Stay, Play, Shop, Meet and Eat. This website also caters to exactly what businesses want when visitors come to their area. They want those visitors to know about the businesses, know how to get to them and to connect with them, whether it be through a room booking, a ticket purchase, a dinner reservation or a simple shopping trip. The MLCVB connects area tourism-related businesses with their potential customers.

Tourists and vacationers—families, group of friends, school field trips, etc.— aren’t the only potential visitors to the Meadowlands area. Conference and convention-goers, business groups and other large parties who choose to host their events or activities in the Meadowlands also comprise plenty of potential consumers and valuable sources of revenue for the region. Many of the region’s 50 plus hotels

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make great settings for business events or expos, and the 61,000 square foot Meadowlands Exposition Center, located in Secaucus, can house up to 5,000 people for a larger conference, convention, ceremony or banquet.

When attendees of these large events flock to the area—whether they be fans looking forward to a Giants game, suitclad employees of a Fortune 500 company or hordes of “walker stalkers” dressed up for a Walking Dead convention—the Meadowlands has over 10,000 hotel rooms to accommodate them with, according to Judy Ross, vice president of operations for the Meadowlands Liberty Convention & Visitors Bureau and Meadowlands Chamber of Commerce. Ross also notes that this number increases with new hotels being opened every year.

Direct & indirect benefits that go beyond the hotel stay While hotel stays generate the most direct revenue from visitors—about 25.8 percent in 2014—businesses in other industries have ample opportunity to take advantage of presence of visitors in their locality.

Sellers of food and beverages earned about 22.9 percent—or $104.6 million—of the region’s direct visitor revenue in 2014.

Gas stations made $73.4 million, or 16.1 percent. Visitors that year also spent about $46.9 million on ground and air travel, $49.8 million on general merchandise at places like the Westfield Garden State Plaza and $46.3 million on games and entertainment at places like Medieval Times in Lyndhurst or Chuck E. Cheese’s in North Bergen.

However, the economic impact of the Meadowlands’ visitors goes beyond the direct point where cash changes hands or credit cards are swiped. The money that goes from visitor to cashier or visitor to receptionist then goes from the business that received it to its suppliers that help it provide its patrons or guests with goods, services and something to do. The real estate industry received nearly $16 million in indirect visitor revenue by providing physical space to the businesses that directly serve tourists. Those in the field of scientific and technical services made about $24.6 million indirectly. In total, businesses that had no direct contact with visitors, including wholesale traders, insurance carriers and providers of ambulatory health care, made over $114.5 million—over one-seventh of the total impact of tourism in the

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region that year.

The third and final layer of the economic impact of tourism in the Meadowlands region, as measured by Rockport Analytics in their 2014 report, is the induced impact from workers’ wages being spent within the local economy. Visitor spending supported $466 million in wages for local workers who reside in the Meadowlands region in 2014. About $158 million of these wages went back into the Meadowlands economy. The largest amount—about 21.2 percent—went to real estate. Over $7 million went back into scientific and technical services, $9.5 million went back into the food and beverage industry, $7.1 million went into insurance and $13.9 million into ambulatory healthcare. These induced impact figures are significant, as tourism jobs in the Meadowlands are quickly expanding. Job gains in the tourism industry totaled 4.9 percent between 2013 and 2014, outpacing the 0.4 total employment gains in the region.

Destination development to continue in the Meadowlands This growth will only continue with the opening of more attractions and accommodations in the area, including American Dream Meadowlands, an upcoming shopping mall, recreation center and entertainment complex containing indoor amusement parks, indoor sports attractions and over 200 stores within its walls. Upon its opening, American Dream is expected to draw in as many as 40 million visitors per year and create as many as 10,580 jobs, according to Triple Five, the project’s developer.

The Meadowlands would not be the same without tourism and the impact it has on the region’s economy. The removal of tourism from the Meadowlands’ economic landscape would mean the loss of at least 8,030 jobs, $745 million in Gross Domestic Product (GDP) and $71 million in tax dollars. According to Rockport Analytics, without the support of tourism, each of the 580,000 households in the Meadowlands would have to pay at least $218 more in taxes to make up that amount.

Tourism has an effect on everyone in the Meadowlands: the government, businesses and residents alike. Therefore, the tourism and hospitality industry is certainly one to keep an eye on for anyone living in, working in, conducting business in or thinking about doing any of the above in the scenic and dynamic Meadowlands region.

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1. More students graduate with associate degrees and certificates from Bergen than any other college in New Jersey.

2. Multiple locations — including the Paramus main campus, Bergen Community College at the Meadowlands in Lyndhurst and the Philip J. Ciarco Jr. Learning Center in Hackensack make Bergen accessible no matter where you live in the county.

3. Year-round performances, concerts and children’s programs by Bergenstages and Broadway performers in the Anna Maria Ciccone Theatre delight audiences.

4. Now open: the Health Professions Integrated Teaching Center for students in programs such as nursing and dental hygiene.

5. Bergen offers more than 140 degree and certificate programs in fields such as aviation, culinary arts and computer science.

6. The Division of Continuing Education features dozens of classes for adults seeking certifications, planning new careers or simply engaging interests. (Kids camps too!)

7. Bergen is now home of the No. 1 ranked tutoring center in the nation and one of the top three Phi Theta Kappa national honor society chapters in the region.

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Diversity in the

Meadowlands Offering a workforce rich in skills, cultures & connections abroad

A

ny place or region is only as prosperous as its people, and the population of the Meadowlands is rich with a diversity of cultures and backgrounds. It is the home of a greater ethnic diversity than both New Jersey and the United States as a whole, a significant bilingual population, over 360,000 immigrants from all around the world and a large amount of minority-owned businesses.

The Meadowlands region, just a few miles from the historical immigrant hub of Ellis Island, is a welcoming place for any business or business owner and a location abundant with the opportunity to build a uniquely skilled workforce, a multicultural network and a diverse clientele.

Cultural diversity as a resource for economic growth Diverse communities and successful businesses go hand in hand. Research has shown that the inclusion of diverse cultures, ideas and backgrounds is a benefit to businesses in more ways than one. A survey by Forbes of executives from over 300 different highly successful companies found that, “A diverse and inclusive workforce is necessary to drive innovation, foster creativity and guide business strategies. Multiple voices lead to new ideas, new services and new products, and encourage out-of-the-box thinking.”

The benefits of a diverse environment also extend beyond the advantages of a diverse pool of potential employees. One report from the peer-reviewed Graziadio Business Review states that, “With increasing population and business growth rates, it is imperative that corporations learn how to infuse minority employees, customers and suppliers into their business processes in

30 MEADOWLANDS RELOCATION GUIDE 2016

The Meadowlands region, just a few miles from the historical immigrant hub of Ellis Island, is a welcoming place for any business or business owner and a location abundant with the opportunity to build a uniquely skilled workforce, a multicultural network and a diverse clientele.

order to gain and maintain a long-term competitive edge.”

Another study by the Hackett Group found that companies that “focus heavily on supplier diversity” by networking and doing business with minority-owned business benefited from a 133 percent greater return on procurement investments than those who did not reach out to diverse suppliers. These businesses also spent an average of 20 percent less on operations.

These are just a few of the proven ways that a diverse location like the Meadowlands can offer businesses an upper hand—we are chockfull of perspectives and idea. In addition, the great amount of minority-owned businesses and immigrant communities in

the area create a more welcoming atmosphere for minority and immigrant businesses owners to settle into.

There are allies and connections to be made in the Meadowlands community for anyone of any origin.

Diversity by the numbers Data and estimates from the U.S. Census Bureau reveal that the Meadowlands, much like New York City, is a melting pot of many races, ethnicities, languages, cultures and national origins.

According to the date, the population of the Meadowlands is more heterogeneous— more diverse—than both the state and the nation it resides within.

Continued on pg. 32

Category

Meadowlands

New Jersey

United States

White

56.8 percent

68.7 percent

73.8 percent

Black

12.1 percent

13.5 percent

12.6 percent

Native American or Alaskan Native

0.3 percent

0.2 percent

0.8 percent

Asian

14.8 percent

8.8 percent

5 percent

Native Hawaiian or Pacific Islander

0.03 percent

0.03 percent

0.2 percent

Other race

13.1 percent

6.3 percent

4.7 percent

Two or more races

2.9 percent

2.5 percent

2.9 percent

Hispanic or Latino (including white Hispanics)

34.7 percent

16.6 percent

16.9 percent

meadowlands.org

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Continued from pg. 30

This diversity additionally shines through in the high proportion of minority-owned businesses within the region— over 45 percent of all firms in the Meadowlands are minority-owned. To compare, 30 percent of firms in New Jersey are minority-owned—and in the United States as a whole, only 28.8 percent are minority-owned.

As mentioned earlier, these businesses represent not only the progress made by immigrants and their descendants in this great “nation of immigrants,” but also valuable allies, contacts and clients for minority and nonminority-owned businesses alike to partner with in order to strengthen, diversify and enrich their network.

According to the U.S. Census Bureau, an estimated 363,844 foreign-born people reside in the Meadowlands—immigrants from all around the world with a wide variety of cultures, skills, knowledge, languages and experience. Most of these residents come from Latin American. The second most common place of birth is Asia. There are also over 52,000 immigrants from Europe and over 17,000 from Africa. Nearly every corner of the Earth is represented in the Meadowlands, and from each of these corners comes skills and experience that can be uniquely beneficial to the local economy.

Along with a high immigrant population comes a high bilingual or multilingual population. In an increasingly global business world, the ability to translate foreign languages and reach a multilingual customer base is essential—and nearly one in three residents possesses this valuable skillset in the Meadowlands.

A multilingual environment opens up the doors of communication to countless more opportunities than an English-only environment. The amount and diversity of bilingual Meadowlands residents make for an abundance of these opportunities.

Beyond the data Diversity is more than data. Beyond the digits and decimal points, a diverse population shares invaluable aspects of culture within the community. Several of these communities exist within the Meadowlands, each standing out with unique foods, music, traditions and talents.

The Meadowlands has been welcoming Italian immigrants for generations now and several of our communities are among the top 100 communities with the highest concentration of Italian ancestry in the United States, including Lyndhurst, Hasbrouck Heights, Carlstadt, Moonachie, Lodi, East

By Percentage

By Amount

(of total municipality population)

Most foreign language speakers (who also speak English)

1. Jersey City (73,322) 2. Clifton (26,897) 3. North Bergen (25,430)

1. Harrison (42%) 2. North Bergen (40.9%) 3. Ridgefield (40.4%)

Most Spanish-speakers (who also speak English)

1. Jersey City (31,059) 2. North Bergen (21,554) 3. Passaic (19,461)

1. North Bergen (34.7%) 2. Passaic (27.5%) 3. Ridgefield Park (25.9%)

Most speakers of other Indo-European languages (who also speak English)

1. Jersey City (20,867) 2. Clifton (6,214) 3. Kearny (4,867)

1. Wallington (21%) 2. East Rutherford (14.9%) 3. Secaucus (14.4%)

Most speakers of Asian or Pacific Islander languages (who also speak English)

1. Jersey City (16,751) 2. Palisades Park (4,284) 3. Clifton (2,854)

1. Palisades Park (21.3%) 2. Ridgefield (19.8%) 3. Leonia (17.2%)

Rutherford, Wood-Ridge and Nutley. Italian restaurants, pizzerias, cafes, bakeries, specialty grocery stores, and delis are not surprisingly abundant throughout the region— and our area includes presence from many Italian companies including Bindi Dessert Services Inc. (Kearny), Caffo Beverages Inc. (Carlstadt), Emeggi USA, Inc. (East Rutherford), Tocco Magico (Kearny), Fratelli Beretta (South Hackensack), Giorgetti USA (Teaneck, IGM Corp. Headquarters (North Bergen), Luceplan USA Inc. (Secaucus), Filippo Berio Brand (Lyndhurst) In Wallington, approximately half of the population is of Polish ancestry. Many residents are descendants of post-World War I immigrants who established many of the borough’s early churches, schools and social clubs. Others are from more recent waves of immigration. Restaurants serving authentic Polish food and featuring performance groups singing and dancing to traditional Polish music keep this culture alive and well in this pocket of the Meadowlands region.

The Meadowlands hosts a growing Latino Hispanic community, with a few municipalities having Latino Hispanic majority populations, especially in Hudson County.

The Meadowlands hosts numerous Hispanic-owned businesses including Goya Foods (located Jersey City and Secaucus), which is the largest Hispanic-owned food company in the United States.

People of Korean ancestry make up 6.9 percent of Bergen County’s population, according to the American Community Survey, with an estimated 63,247 individuals.

This is the highest percentage of Korean-Americans for any county in the United States. Bergen County contains all of the top ten municipalities in the United States as ranked by Korean ancestry.

Hudson County is home to the state’s second largest Asian Indian population with a community of approximately 38,000 people, concentrated in Secaucus and Jersey City. There are sizeable Asian Indian communities throughout Hudson and Bergen counties as well, growing tremendously in the past 20 years according to Census data.

Jersey City is both the most populous and one of the most diverse municipalities of the Meadowlands region. One of the many thriving ethnic communities within the city is “Little Manila,” located in the Five Corners district, where dozens of Filipino businesses operate, offering Filipino food, such as a vinegar and garlic marinated meat stew known as “adobo,” Filipino-language media and countless other goods and services. Jersey City was named the second most diverse city in the United States in a comprehensive study by WalletHub. Together with the rest of the Meadowlands, this location of many languages, traditions, tight-knit communities and diverse experiences is certainly worth doing business in.

These are just a few examples of the many cultural communities we proudly host in our vibrant region. The convergence of cultures in the Meadowlands makes for a vibrant business environment with no lack of talent, allyship, knowledge or flare.

MEADOWLANDS RELOCATION GUIDE 2016

meadowlands.org

32

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n 2013, the New Jersey Economic Opportunity Act was signed into law, enhancing the State’s economic development incentive programs to increase business attraction, retention and job creation and strengthen New Jersey’s competitive edge in the global economy.

Under the umbrella of the Governor Chris Christie administration’s Partnership for Action, the New Jersey Economic Development Authority (EDA) administers these powerful incentives to businesses that are creating or retaining jobs in New Jersey and developers that are advancing redevelopment projects in the state.

Because many of the programs offer bonuses based on location in New Jersey, businesses may have access to potentially significant benefits in the Meadowlands region that distinguish it from alternative

locations being considered.

Grow New Jersey (Grow NJ) Assistance Program Grow NJ is New Jersey’s primary job creation and retention incentive program, providing tax credits to businesses that are creating or retaining full-time jobs in New Jersey. Grow NJ offers up to $5,000 per job, per year, with bonus credits ranging from $250 to $3,000 per job, per year based on several different criteria including business location, type of business and amount of job creation/retention and capital investment.

Municipalities that make up the Meadowlands region are eligible areas under Grow NJ, and to date, EDA has approved over $1 billion in Grow NJ tax credits to more than 50 businesses in this region; the

VF Sportswear, a manufacturer of diversified, lifestyle apparel was considering several different locations for the relocation of 175 jobs from New York City and ultimately settled on Jersey City as a result of more than $13 million in Grow NJ tax credits.

result—an expected 10,400 new jobs, more than 6,000 retained jobs and the injection of over $540 million of private investment in the local economy.

Within the Meadowlands region, there are a number of specific municipalities that may qualify for increased incentive awards based on their designation under the Act. For example, Jersey City is considered an Urban Transit Hub municipality and therefore allows for the maximum base amount of $5,000 per new or retained full-time job. Depending on whether the business meets additional criteria, bonus credits may apply that would increase the total incentive award even further.

VF Sportswear is an example of a business that successfully used Grow NJ to relocate from New York to Jersey City.

The manufacturer of diversified, lifestyle apparel was considering several different locations for the relocation of 175 jobs from New York City and ultimately settled on Jersey City as a result of more than $13 million in Grow NJ tax credits. In addition to 175 new jobs, the company expects to invest over $7 million to support its relocation.

Secaucus is another municipality eligible for increased incentives, and jewelry manufacturer Frederick Goldman Inc. was encouraged to move to the Hudson County town due to its location and the award of up to $20 million in Grow NJ tax credits.

The company’s new headquarters will be home to more than 250 employees. In addition, over $4 million in capital investment is expected to be generated as a result of Continued on pg. 36

34 MEADOWLANDS RELOCATION GUIDE 2016

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Continued from pg. 30

the company’s relocation.

A number of businesses have also chosen to grow in Bergen County with the support of the Grow NJ program. Peeq Imaging LLC, a provider of specialized digital and production services, was approved for nearly $5 million through Grow NJ to encourage the company to relocate all of its Long Island City operations to Carlstadt, which would result in the creation of 110 new jobs in the State. Sony Music Entertainment, a global business that owns full or partial rights to the catalogues of some of the music industry’s most famous artists, relocated part of its New York operations to Rutherford with the support of a $1.6 million Grow NJ award, leading to the creation of an expected 50 new jobs in the region.

Economic Redevelopment and Growth (ERG) Program ERG, which offers state incentive grants to finance development projects that demonstrate a financing gap, has been an effective financing vehicle for large-scale redevelopment projects. The program provides incentive grant reimbursement of up to 20 percent of total project costs for commercial projects.

The grant is not meant to be a substitute for conventional debt and equity financing, and applicants should generally have their primary debt financing in place before applying. In order for a project to be approved, it needs to undergo a rigorous analysis of the sources and uses of funds, construction costs and projected revenues.

Similar to Grow NJ, ERG also offers bonuses based on project type and/or location and some areas within the Meadowlands region may be eligible for a bonus award, bringing the total award to 30 percent of total project costs.

One Journal Square Partners Urban Renewal Company, LLC was approved for a reimbursement of $34 million based on eligible project costs of nearly $200 million to support the development of One Journal Square Enterprise, a $400 million mixed-use development project in Jersey City that will include 78,000 square feet of usable retail space and 101,000 square feet of office co-work space. While there are no job creation or retention requirements for the ERG program, this project is expected to result in the creation of 120 new, fulltime jobs and 325 construction jobs.

DVL Inc.’s development of a 140,000 square-foot shopping center in Kearny is another significant project in the Meadowlands region moving forward as a result of ERG. DVL was approved for a reimburse-

36 MEADOWLANDS RELOCATION GUIDE 2016

VF Sportswear is an example of a business that successfully used Grow NJ to relocate from New York to Jersey City.

ment of $9.5 million based on an eligible project cost of nearly $48 million. It is anticipated that this project will result in the creation of 150 new permanent jobs and nearly 400 construction jobs.

Another financing option available through EDA In addition to powerful incentive programs, EDA offers a wide array of financing options that can also help businesses expand and create jobs in New Jersey.

For manufacturing companies, tax-exempt bond financing through the EDA offers low cost financing at longer terms and can be used for capital improvements and expansion, land and building acquisition, new construction or renovation, equipment purchases or refinancing of existing debt.

Because manufacturing is a targeted industry that offers a bonus award under Grow NJ, some manufacturers, including Frederick Goldman, Inc., have supplemented their Grow NJ award by applying for tax-exempt bond financing as well.

EDA can also provide financing to small and mid-sized businesses, either through direct loans or by working with banks to guarantee or participate in a loan or line of credit. EDA’s involvement in a commercial loan or line of credit can be advantageous for all sides, reducing the risk for the lender and lowering the cost of financing for the borrower.

To help finance its expansion into the U.S. market, Megas Yeeros, LLC worked closely with the Partnership for Action team, ultimately taking advantage of the

meadowlands.org

EDA’s Premier Lender Program to help acquire its new, 40,000-square-foot production and headquarters facility in Lyndhurst. The company received a loan from The Bank of Princeton that included a 50 percent EDA participation. The company, one of the most successful gyro producers in the Greek market, expects to create 110 new jobs at its new Bergen County facility.

For companies in the technology or life sciences sector, EDA also offers specialized programs that are designed to meet the unique needs and challenges of these businesses.

Through the Technology Business Tax Certificate Transfer (NOL) Program, eligible New Jersey-based technology or biotechnology companies have the ability to turn net operating losses and research and development tax credits into capital. The Angel Investor Tax Credit Program offers a 10 percent refundable tax credit against New Jersey corporation business or gross income tax for qualified investments in a New Jersey emerging technology business.

The program is available to all eligible taxpayers, including out-of-state investors.

Several companies in the Meadowlands region have taken advantage of these programs, including Lyndhurst-based MDX Medical, Inc., Ridgefield-based DvTel, Inc. and CircleBlack, Inc. and Ogg Trading, both of Jersey City.

Interested? Contact us. We invite you to learn more about why your company should choose to grow in New Jersey. Visit www.njeda.com or call 866-534-7789 for more information.

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Resources:

Economic Development Partners For Your Business

The Meadowlands Regional Chamber The Meadowlands Regional Chamber is a dynamic business service organization that serves over 1,100 organizations in the region through advocacy, events, entrepreneurial development, transportation/infrastructure planning, education/workforce development and tourism development.

(201) 939-0707, www.meadowlands.org The Meadowlands 2040 Foundation The Meadowlands 2040 Foundation is an economic development “think tank”, comprised of C-Suite level business leaders from small to large companies who have invested mightily here in the Meadowlands. The mission of the 2040 Foundation is to provide a business perspective and long-term vision to plan for a growing and sustainable economy through the year 2040. http://www.meadowlands.org/content/meadowlands-2040-foundation Meadowlands Liberty Convention & Visitors Bureau The Meadowlands Convention and Visitors Bureau (MLCVB) is the tourism & hospitality division of the Meadowlands Regional Chamber and is the destination marketing organization for the region.

(877) MLCVB-US, mlcvb.com

Bergen County Economic Development Corporation The Bergen County Economic Development Corporation (BCEDC) is a not-for-profit public/private partnership between the County of Bergen and the business community. As an organization, we strive to provide the necessary tools to business owners.

(201) 336-7500, co.bergen.nj.us/index.aspx?nid=155 Hudson County Economic Development Corporation Hudson County Economic Development Corporation (HCEDC) is a not-for-profit that focuses on business attraction and retention within Hudson County, and job creation for Hudson County residents.

(201) 369-4370, hudsonedc.org Bergen County Workforce Development Board The Bergen County Workforce Development Board oversees the One-Stop Career Center, and acts as a liaison between the New Jersey Department of Labor and Workforce Development (LWD) and local businesses. It connects employers to incentive programs, training grants, tax credits, on-the-job training for workers and other business-related services.

(201) 343-8830, bergenworkforce.org

Meadowlands USA/MeadowlandsUSA.com Meadowlands USA is a North Jersey regional publication that reaches people who live and work in and around the Meadowlands.

Available in print and blog format.

Hudson County Workforce Development Board The mission of the Hudson County Workforce Development Board is to provide employer-driven training programs that connect residents effectively to available jobs. It also coordinates and aligns the County’s various workforce development resources, programs and strategies in order to best serve jobseekers, workers and employers.

(201) 939-2942, www.meadowlandsusa.com

(201) 420-3000 ext. 2636, www.hudsonworkforce.org,

New Jersey Economic Development Authority The New Jersey Economic Development Authority (EDA) is an independent State agency that finances small and mid-sized businesses, administers tax incentives to retain/grow jobs and revitalizes communities through redevelopment initiatives. It also supports entrepreneurial development by providing access to training and mentoring programs.

NJ Business Action Center The New Jersey Business Action Center (BAC) serves as a “onestop” shop for businesses, helping companies to stay and grow in New Jersey as well as locate to our great state.

(866) 534-7789, www.njeda.com New Jersey Sports & Exposition Authority The New Jersey Sports & Exposition Authority (NJSEA) is the zoning and planning agency for the region, and aims to promote economic growth and development through initiatives that attract and retain businesses. They also oversee many of the parks and nature programs in the region. The NJSEA also develops and manages the premier sports, convention and entertainment facilities in New Jersey.

(201) 460-1700, www.njsea.com

38 MEADOWLANDS RELOCATION GUIDE 2016

(866) 534-7789, nj.gov/state/bac/ Choose New Jersey Choose New Jersey’s mission is to encourage and nurture economic growth throughout New Jersey, with a focus on our urban centers.

(609) 297-2200, www.choosenj.com The Retail, Hospitality and Tourism Talent Network The Retail, Hospitality, and Tourism Talent Network (RHTTN) works with employers in the retail, hospitality and tourism space to help identify valuable skills in potential employees. They then assist future employees with getting the training they need to qualify for these retail, hospitality, and tourism jobs.

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INDEX OF ADVERTISERS Angie Visual & Marketing Communications, www.angieVMC.com..............................................27 Archer & Greiner, P.C., www.archerlaw.com....................................................................................40 Atlantic Stewardship Bank, www.ASBnow.com............................................................................37

AVE, www.aveliving.com................................................................................................................31 Bergen Community College, bergen.edu.....................................................................................29

Branca Properties, Inc., www.BrancaProperties.com......................................................................37

Bruinooge & Associates, www.bruinoogelaw.com.........................................................................15 Engineers Labor-Employer Cooperative, www.elec825.org............................................................2

EZ Ride, www.ezride.org..................................................................................................Back Cover Fairleigh Dickinson University, fdu.edu/petrocelli..............................................Inside Front Cover

Forsgate Industrial Partners, www.forsgate.com.............................................................................5 Goya Foods, www.goya.com...........................................................................................................21

Guzzo+Guzzo, www.gg-architect.com............................................................................................11 HackensackUMC Fitness & Wellness Powered by the Giants, HackensackUMCFitnessNYG.com..4

Hunter Group, www.TheHunterGroup.com....................................................................................19

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Jewel Electric, www.jewelelectric.com...........................................................................................40

Kearny Bank, www.KearnyBank.com......................................................................Inside Back Cover Meadowlands YMCA, www.MeadowlandsYMCA.com....................................................................39 NAI James E. Hanson, www.naihanson.com...................................................................................35

NJM Insurance Group, www.StartYourNJM.com...................................................................23 Onyx, www.onyxequities.com................................................................................................31 Pole Position Raceway, www.polepositionraceway.com.................................................................40 PSE&G, www.pseg.com.....................................................................................................................1

Russo Development, www.russodevelopment.com......................................................................17 Scarinci & Hollenbeck, www.scarincihollenbeck.com....................................................................33 Sills Cummis & Gross P.C., www.corporaterealestatelaw.com.......................................................39

Suez Water New Jersey Inc., www.unitedwater.com....................................................................27

Swift Energy Services, www.SwiftElectrical.com.............................................................................25 T.M. Tybak & Associates, P.C., www.tmrassociates.com...................................................................35

Weiss Realty, www.jweissrealty.com..............................................................................................29

Wilenta Carting, www.wilentacarting.com.....................................................................................29 WSP Parsons Brinckerhoff, www.wsp-pb.com................................................................................39

XCEL Credit Union, www.XCELfcu.org.com....................................................................................33

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BUSINESSES Succeed

A higher level of service For today. For tomorrow.

Kearny Bank combines the hands-on assistance that only a local, retail banker can provide with the expertise of experienced commercial lenders. From checking and deposit accounts to retirement planning to commercial real estate mortgages to small business loans, every commercial customer receives the utmost personal attention.

Contact us to learn how a “superior banking relationship” can help improve your business’ financial future.

42 Regional Offices 1-800-273-3406 kearnybank.com

Grow Your Business

More than 300 companies in New Jersey use EZ Ride transportation services to grow

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National award winning program

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Largest mini-bus shuttle provider in New Jersey

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New vehicles with in-vehicle cameras

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Excellent insurance $5 Million

Learn more Call 201.939.4242 or visit www.ezride.org