Everywhere one looks in Jersey City, from the waterfront area to further inland, abandoned buildings are being renovated, new buildings are being erected & neighborhoods are being revitalized. For businesses a well as residents, the building boom in Jersey City bodes well for the future. New companies moving into the area promise a steady stream of employment opportunities, while the increas in the housing market -- both in new construction & renovated residences -- ensure that those in Jersey City have a place to raise a family & build a future. |
Since the UEZ's full-time inception in 1992, the JCEDC has reinvested $56 million for 25 zone programs, which generated more than $4 billion in capital zone investments. About 35,000 new jobs were created in the UEZ.
Several areas in Jersey City have become Special Improvement Districts (SIDs), which are private, non-profit organizations of neighborhood business and property owners. Merchants pay voluntary special assessments to generate funds for supplemental security, sanitation services, special capital improvements, and promotional events. Funds can even be used to hire professional management to improve the shopping environment in the district and attract shoppers.
The JCEDC has established a process for assisting existing SIDs with their operations and continuing the formation of additional SIDs. JCEDC staff professionals assist SID boards of trustees in proposal writing, provide advice on budgeting and help recruit and hire a professional manager. They also start steering committees for retail districts interested in organizing new SIDs.
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Waterfront Development
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| More About The Waterfront Development |
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The Hub At Martin Luther King Drive This development will combine a 60,000 square feet of community-owned shopping center alongside a light-rail station. This redevelopment plan has garnered national awards. Growth will be fostered through public/private partnerships and extensive community participation. |
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| More about The Hub |
Residential Development
More people are discovering Jersey City's superb location. With a population of 240,055 (a five percent increase documented by the 2000 Census), the demand for new residential developments remains stronger than ever.
| More About Residential Development |
Neighborhood & Cultural Projects
Business Improvement Districts BIDs
The BIDs are private, non-profit organizations of neigborhood business and property owners.
Special operating assesments from members generate supplemental security, sanitation services,
special capital improvements, and promotional events. BIDs determine their district's aesthetic
standards.
Journal Square
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The Journal Square Business Improvement District (BID) provides additional sanitation,
security, and other services.
| More about Journal Square |
Loew's Theater
This American movie palace is being painstakingly restored. The Loew's shall re-open as a
cultural and entertainment center.
| More about the Loew's Theater |
Saint Peter's College Area Improvement Project
The plan would reverse decades of decay in the McGinley Square area. It calls for the building of new parking lots; upgrading the park in McGinley Square;
renovating the Armory Building on Montgomery Street; and improving the retail district along Montgomery Street with better lighting, more trees, attractive
retail facades, and improved sidewalks.
| More about the Saint Peter's College-McGinley Square Project |
Warehouse District Artist in Residence Program
Facilities planned for 500 artists
100 already accommodated
An open-air sculpture garden will grace nearby vacant land.
| More about the Warehouse District Artist in Residence Program |
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Liberty Science Center 22 acre, 170, 000 square foot facility in Liberty State Park Educational and science exhibits and the world's largest Omnimax Theater |
| More about Liberty Science Center |
Commercial And Industrial Development
Greenville Yards Industrial Park is home to both national and multinational industries. Summit Imports Group relocated its food warehouse and distribution facility from the TriBeCa section of Manhattan, N.Y. Among the park's major tenants are a BMW vehicle preparation center, Hudson Eagle, an Anheuser-Busch distributor and Tropicaca distribution facilities.
The 135-acre Liberty Industrial Park has a new tenant. Snow Bird, a bottling company, relocated its operations from Manhattan, N.Y. Other tenants include the state-of-the-art printing facilities of the New York Daily News and Cunningham Graphics, an international printing facility.
| More About Commercial And Industrial Development |
201-333-7797 Fax: 201-333-9323 |
