The city of Camden, New Jersey has high unemployment at 19% and per capita income of only $11,967. Major employers include Cooper Health and L3 Communications Corp. The largest employment sectors are trade, transportation, and utilities employing 20% of workers. Educational attainment is low with 41% having less than a high school diploma. Transportation includes access to Amtrak, PATCO high-speed line, and roads like I-676 and US-30. Incentives to promote business include tax credits through the Economic Redevelopment and Growth Grant.
Camden City Profile: Labor, Business, Demographics
1. CITY OF CAMDEN, NEW JERSEY
OVERVIEW LABOR FORCE & EMPLOYMENT
CURRENT CIVILIAN LABOR FORCE UNEMPLOYMENT RATE
27,800 19% 9.8% NJ
8.3% US
TOTAL EMPLOYED PER CAPITA PERSONAL INCOME
22,600 $11,967 $50K NJ
$39K US
MAJOR PRIVATE SECTOR EMPLOYERS
Company Industry 2011 Employment
Cooper Health Gen Med/Surgical Hospital 4,740
L3 Communications Corp Radio/TV Comm. Equipment 800
City of Camden is the county seat of Mafco Corp Candy/Spices 730
Camden County and is the largest city in Delaware Port Authority Inspection & Fixed Facilities 623
the county and 12th largest in the State. Consolidated Rail Corp Railroads Freight Agency 335
Rutgers Univ – Camden University 320
Camden’s Motto is “In a Dream, I Saw a
City Invincible” and is home to the
Campbell Soup Co., founded in 1869.
LARGEST EMPLOYMENT SECTORS (TOP 5)
Rank Sector Camden NJ U.S.
CURRENT POPULATION
1 Trade, Transportation, & Utilities 20% 21% 19%
78,788
2 Education & Healthcare Services 19% 23% 14%
3 Professional & Business Services 15% 15% 13%
4 Leisure & Hospitality 8% 9% 10%
5 Manufacturing 7% 7% 10%
HISTORY
1828 : Incorporated from portions of LARGEST OCCUPATIONS
Newton Township
Rank Occupation Camden
1830: Camden / Amboy Railroad 1 Service 30%
chartered in Camden 2 Sales & Office 24%
1844: Became part of Camden County 3 Management, Professional & Related 18%
1900: Economic decline & residents 4 Construction, Extraction, Maintenance & Repair 16%
5 Production, Transportation, and Material Moving 11%
moved out to other locations
2005: State of NJ took over operations
for school system & police department
EDUCATION ATTAINMENT
Today: Revitalization along Camden
Waterfront & neighborhoods with
5% 2% 34% % of HS Grads
continue to 4
24% % of HS Grads
continue to 2
direct access to Philadelphia Less than H.S.
Yr College Yr College
19% H.S. Diploma
41% INSTITUTE OF HIGHER EDUCATION
TAX INFORMATION 2011 Some College
Corporate Income Tax = 9% Institute (2-4 Yr) TOTAL ENROLLMENT
4 Yrs of College
Personal Income = 8.97% (max) Camden County CC 15,670
34% > 4 Yrs of College Rowan Univ 11,006
Sales Tax = 7%
Property Tax = $2,372 per capita Richard Stockton 7,559
Median Property Taxes Paid in Rutgers Univ 5,781
county = $5,144
ARTS, CULTURE & ENTERTAINMENT ETHNICITY/DIVERSITY AGE MEDIAN AGE
Adventure Aquarium
Campbell's Field Baseball Park 50%
28
Camden Children's Garden 45%
42%
Susquehanna Center
Battleship Naval Mus. & Vet Memorial 28% 29%
Camden Waterfront
19%
Under 25
Walt Whitman House 3%
15%
Hispanic/
South Jersey Performing Arts Center 8%
Other
45-64
Asian
25-44
White
Latino
Black
Rutgers Camden Center for The Arts
65+
Millennium Skate World
www.choosenj.com/cityofcamden.pdf
2. CITY OF CAMDEN TRANSPORTATION/MOBILTY COST OF DOING BUSINESS
AVG COMMUTE TIME (MINS) CARPOOL 2011 WAGES
24 30 NJ
25 US 21% Occupation
Bus. & Fin. Operations
Camden
County
$66,270
NJ
$72,740
USE PUBLIC TRANSIT USE OTHER MEANS
Construction/Extraction $52,850 $53,760
19% 10% Food Prep & Serving Related
Healthcare Practitioners
$22,030
$76,620
$23,300
$80,590
Install, Maint, & Repair $46,470 $46,930
AVAILABLE TRANSPORTATION SYSTEMS
Amtrak Management $113,550 $124,790
Walter Rand Transportation Center Office & Admin Support $34,020 $35,660
PATCO high-speed line Production $32,200 $34,690
NJ Riverline to Trenton Sales & Related $40,170 $42,850
Trnsp & Moving Materials $32,860 $33,080
KEY ROADS
Accessible thoroughfares includes I-676, US-130, US-70, US-38, US- SPACE AVAILABILITY
30, I-76, and I-295, New Jersey Turnpike, the Pennsylvania Turnpike
and the Atlantic City Expressway Type Sq Ft/Acre Occupancy Costs
Land 7.8 acres $3.50 / sf
Industrial 497,000 sq ft $3.63 / sf
MILEAGE TO NEAREST AIRPORT ABOUT PHILADELPHIA INT’L AIRPORT
Office 426,000 sq ft $19.62 / sf
31.8 Million passengers (2008)
8 To Philadelphia
Int’l Airport Ranked 11th in world for Aircraft
movements
UTILITY COSTS
Type of Utility Utility Provider Cost
43 To Atlantic City
Airport
ABOUT ATLANTIC CITY INT’L AIRPORT
Joint civil-military public airport
5,300-acre site
Gas
Electric
Telecom
$2.63
14.8 cents / Deregulated
Varies by location
2nd lowest
7th highest
NA
1.4+ million passengers annually Waste/Sewer Varies by location NA
MILEAGE TO NEAREST PORT ABOUT PORT OF CAMDEN FINANCING / INCENTIVES
4 Terminals
1 To Camden Port
35 Tenants
Specializes in handling break-
ECONOMIC REDEVELOPMENT & GROWTH GRANT (ERGG): Tax-increment
financing available to close financing and competitive cost gaps
between New Jersey and alternative locations
bulk and container cargo
Nation’s leader in handling BUSINESS EMPLOYMENT INCENTIVE PROGRAM (BEIP): Annual grants
import wood products available to projects relocating or hiring new jobs in the State
URBAN TRANSIT HUB TAX CREDIT (UTHTC): Income tax credits to
projects involving new construction or large-scale renovation
locating within 1/2 mile (1 mile for Camden projects) of a
KEY RESOURCES & CONTACTS designated transit hub or a site served by rail
TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER URBAN ENTERPRISE ZONES:Exemption from sales tax on construction
MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER materials, FFE and other taxable purchases
BUSINESS RETENTION AND RELOCATION ASSISTANCE GRANT (BRRAG):
EconDev@choosenj.com Corporate income tax credit to companies relocating from one
609-297-2200 location to another in New Jersey or making capital investment
www.ChooseNJ.com equal to the value of the tax credits
SOURCES: NJ Department of Labor
& US Bureau of Labor Statistics;
American Community Survey, 2005-
2009 Estimates,; NJ State Police &
FBI, Uniform Crime Report; NJ
Monthly Magazine, 2010; NJ State
Department of Education, Spring
2010; Board of Public Utilities; Tax
Foundation; Infoplease.com;
Travelmath; CoStar; Hoovers;
Institute for Energy Research; Data
current as of September 2011
www.choosenj.com/cityofcamden.pdf