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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
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

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  • 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