1. ESSEX COUNTY, NEW JERSEY
OVERVIEW LABOR FORCE & EMPLOYMENT
CURRENT CIVILIAN UNEMPLOYMENT
LABOR FORCE RATE
372,300 10.5% 9.8% NJ
8.3% US
TOTAL EMPLOYED PER CAPITA PERSONAL INCOME
333,200 $31,500 $35K NJ
$27K US
MAJOR PRIVATE SECTOR EMPLOYERS
HISTORY Company Industry 2011 Employment
1666: Newark was founded Univ of Med.& Dentistry Medical/Surgical Univ 6,000
1683: County founded by CT families on Prudential Financial Ins Agencies & Brokerages 5,785
the Passaic River Gateway Group One Facilities Support Svc 3,500
1895: Essex was the 1st county in US to ADP Payroll Services 2,000
Verizon NJ Telecommunications 1,400
create County Park System
Myers Groups LLC Leather Goods 1,375
1920: Port Newark, Newark City Subway PSEG Energy Holdings Electric Power Distribution 1,000
and Newark Airport opened Roche Laboratories Inc Medical Laboratories 800
1997: NJ Performing Arts Center opened Broadview Networks Data Communication Svs 600
in Newark, rivaling NYC as a cultural American Airlines Transportation 500
center for music and dance
FASTEST GROWING EMPLOYMENT SECTORS
Today: Essex County is the industrial
and financial hub of New Jersey Rank Industry % of new employment
1 Educational Services >20%
2 Fabricated Metal Product Manufacturing 15%
3 Telecommunications 11%
CURRENT POPULATION: 4 Credit Intermediation and Related Activities 10%
769,156
5 Nursing and Residential Care Facilities 9%
LARGEST EMPLOYMENT SECTORS (TOP 5)
Rank Sector Essex NJ U.S.
PROJECTED EMPLOYMENT GROWTH 1 Trade, Transportation & Utilities 21% 21% 19%
(2008-2018) 2 Education & Healthcare Services 16% 23% 14%
3 Professional & Business Services 14% 15% 13%
Essex 0.8% 4 Financial Activities 7% 7% 6%
5 Manufacturing 6% 7% 10%
NJ 2.8% LARGEST OCCUPATIONS (TOP 5)
Rank Occupation Essex NJ U.S.
1 Office & Admin Support 19% 17% 16%
LARGEST MUNICIPALITIES 2011 2 Sales & Related 8% 11% 11%
2 Bus. & Fin. Operations 7% 5% 5%
Newark*(278,154)
4 Transportation and Material Moving 7% 7% 7%
East Orange (64,270)
5 Protective Services 7% 3% 2%
Irvington Twp (53,926)
Bloomfield Twp (47,315)
West Orange Twp (46,207) ETHNICITY/DIVERSITY AGE MEDIAN AGE
43%
37
TAX INFORMATION 2011 41% 35%
Corporate Income Tax = 9% 28%
Personal Income = 8.97% (max) 20% 26%
Sales Tax = 7% 12%
8%
Property Tax = $2,372 per capita 5%
Under 25
Hispanic/
Median Property Taxes Paid in
White
Latino
Black
Other
45-64
25-44
Asian
county = $7,489
65+
*county seat www.choosenj.com/essexcounty.pdf
2. ESSEX COUNTY LABOR FORCE & EMPLOYMENT cont’d TRANSPORTATION/MOBILTY
EDUCATION ATTAINMENT AVG COMMUTE TIME (MINS) AVAIL TRANSPORTATION SYSTEMS
12%
Less than H.S.
H.S. Diploma
31 30 NJ
25 US 247 Bus Routes
(statewide)
19% CARPOOL
Some College
19%
30%
4 Yrs of College
> 4 Yrs of College 11% 11 Commuter Rail Lines
(statewide)
21% USE PUBLIC TRANSIT
County: US:
COLLEGE DEGREE
32%
COLLEGE DEGREE
28%
21% 3 Light Rail Lines
(statewide)
MILES OF INTERSTATES & ACCESS TO CUSTOMERS
LARGEST SCHOOL DISTRICTS HIGHWAYS (MILLIONS)
Montclair
Grade 12
Enrollment
448
Average Combined
SAT score (US :1509)
1617
38,000 100 Within one day
drive
West Orange 441 1439
MILEAGE TO NEAREST AIRPORT ABOUT NEWARK INT’L AIRPORT
Columbia 433 1550
Bloomfield
East Orange Campus
404
398
1341
1058
6 To Newark
Int’l Airport
12th busiest in US (29th worldwide)
34 million passengers (2010)
860 million short tons of cargo
Institute
INSTITUTES OF HIGHER EDUCATION
Type
ENROLLMENT
Under Graduate
18 To LaGuardia
Airport
ABOUT LAGUARDIA AIRPORT
25 million passengers (2010)
Smallest of 3 NY Metro Airports
graduate
Generates $11 billion in economic
activity for NY/NJ
Montclair State Univ. 4 Yr 14,139 4,032
Essex County CC
Rutgers University- Newark
NJ Institute of Technology
2 Yr
4 Yr
4 Yr
13,314
7,307
5,924
NA
4,194
2,916
25 To JFK Int’l
Airport
ABOUT JFK INT’L AIRPORT
#18 busiest worldwide
47.4 million passengers (2010)
Seton Hall University 4 Yr 5,213 4,403 Leading freight gateway to US
Bloomfield College 4 Yr 2,156 NA (value of shipments)
Caldwell College 4 Yr 1,609 675 ABOUT PORT OF NY/NJ
MILEAGE TO NEAREST PORT
Univ. of Medicine/Dentistry 4 Yr 797 5,258 Largest port on East Coast
Eastern Int’l College 2 Yr 187 NA 4 To Port of
NY/NJ 3rd Largest port in the US
Handled 5.3 million loaded and
VOCATIONAL SCHOOLS unloaded 20 ft equiv units
Institute Enrollment
Value of cargo that moved
High School Vocational 1,846 through port exceeds $190
Billion
COST OF DOING BUSINESS
UTILITY COSTS 2011 WAGES
Type of Utility Cost/Available Providers Rank Occupation Essex NJ
Gas $2.63 2nd lowest Bus. & Fin. Operations $77,430 $74,470
Electric 14.8 cents / Deregulated 7th highest Construction and Extraction $59,770 $56,400
Telecom Varies by location NA Food Prep & Serving related $23,600 $23,650
Waste/Sewer Varies by location NA Healthcare Practitioners $83,890 $83,800
Healthcare Support $29,040 $28,450
Management $136,180 $131,770
KEY RESOURCES & CONTACTS Office & Admin Support $37,870 $35,660
Production $36,600 $36,810
TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER
Protective Services $51,850 $54,750
MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER
Sales & Related $46,080 $43,760
EconDev@choosenj.com Trnsp and Material Moving $34,170 $33,100
609-297-2200
www.ChooseNJ.com SPACE AVAILABILITY
Type Sq Ft/Acre Occupancy Costs
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 Land 278 acres $10.76 / sf
Magazine, 2010; NJ State Department of Education, Spring 2010; Board of Public Utilities; Industrial 7,685,000 sq ft $5.78 / sf
Tax Foundation; Infoplease.com; Travelmath; CoStar; Hoovers; Institute for Energy Office 6,863,000 sq ft $24.26 / sf
Research; Data current as of May2012
www.choosenj.com/essexcounty.pdf