Jersey City boasts rapidly growing employment sectors, including professional and business services, education and health services, and leisure and hospitality. Overall year-to-year growth has been an impressive 8.45% across all industries. It’s no wonder WalletHub recently ranked Jersey City one of the top 100 cities for jobs.
The city’s ‘Wall Street West’ is expected to expand over the next decade. Jersey City has awarded over $5 billion in corporate tax subsidies since 2010. These subsidies have attracted significant firms such as J.P. Morgan Chase & Co., New York Life Insurance Co., Fidelity Global Brokerage Group, and RBC Capital Markets. Tax incentives are still on offer to encourage other big players to relocate over the next decade or so.
Home to gorgeous Liberty State Park and lively Powerhouse Arts District, Jersey City offers residents plenty of quality urban spaces to explore. City officials have already acted on plans to create more open and green spaces for residents, with additional projects in the works to add more. And already approved infrastructure bills include a $19M investment in energy infrastructure and $1 billion in water and sewage infrastructure expansion over the next decade.