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Some of Newport's most beautiful attractions are the office and commercial buildings
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The brownstones and historic landmarks are the charm of the city.
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ECONOMIC BENEFITS THAT PAY TODAY AND TOMORROW
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HOW DO JERSEY CITY PROGRAMS SUPPORT
BUSINESS?
HERE, THERE IS NO CITY INCOME TAX, NO CORPORATE TAX, NO PAYROLL TAX AND NO COMMERCIAL RENT TAX. Compared to Manhattan, utility rates are 30% lower, operating costs are 35% less, and the average advertised rent for Class A office space is one-third more economical. Our tax programs are designed to let you keep the money you've earned.
Plus, the state's Business Employment Incentive Program (BEIP), Business Relocation Assistance Grant (BRAG), Employee Training Grant (ETG), Urban Enterprise Zone (UEZ) and our local pro-business policies make a Jersey City business address even more desirable. There are a number of city and state initiatives to facilitate your success.
In just the last six years alone, Jersey City gained 35,000 new jobs and $3.8 billion in capital improvements. An additional $52 million nurtured the inner city through 60 UEZ programs. The Hudson Bergen Light Rail runs from Bayonne to Weehawken via Exchange Place, Harborside and Newport with a spur line to West Side Avenue. Goldman Sachs' $800 million skyscraper is now New Jersey's tallest building. Our economic revitalization continues to benefit every business and resident.
Additional support is available from the Department of Housing, Economic Development and Commerce, the Jersey City Redevelopment Agency and many other city offices and agencies. All of these organizations, along with other members of our business community and residents have made Jersey City the great place it is today.
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