The document provides an overview of the city of Hoboken, New Jersey. It summarizes that Hoboken has a population of 41,015, unemployment rate of 5.5%, and is home to Stevens Institute of Technology. The largest industries are trade, transportation, and utilities, employing 24% of the workforce. Over half of residents have a bachelor's degree or higher.

1. CITY OF HOBOKEN, NEW JERSEY
OVERVIEW LABOR FORCE & EMPLOYMENT
CURRENT CIVILIAN LABOR FORCE UNEMPLOYMENT RATE
28,700 5.5% 9.8% NJ
8.3% US
TOTAL EMPLOYED PER CAPITA PERSONAL INCOME
27,100 $72,435 $50K NJ
$39K US
MAJOR PRIVATE SECTOR EMPLOYERS
Company Industry 2011 Employment
Hudson Healthcare Gen Med/Surgical Hospital 1,138
Franciscan Health Systems Nursing/Personal Care 1,100
City of Hoboken, nicknamed the “Mile
NJ Transit Corp Railroad Terminals 700
Square City” is located in Hudson
Stevens Institute of Tech Colleges & University 546
County, New Jersey. It is the 5th largest
Wiley Publishing Publishing 500
city in the county and 34Th largest in the
Sumitomo Trust & Banking National Trust Companies 156
State.
Mizuho Securities Dealers, Securities 70
Hoboken is home to Stevens Institute of
LARGEST EMPLOYMENT SECTORS (TOP 5)
Technology, one of the oldest tech-
nological universities in the US. Rank Sector Hudson NJ U.S.
1 Trade, Transportation & Utilities 24% 21% 19%
The first recorded baseball game in the 2 Financial Activities 17% 7% 6%
US took place in Hoboken. 3 Education & Healthcare Services 12% 23% 14%
4 Professional & Business Services 12% 15% 13%
5 Manufacturing 4% 7% 10%
CURRENT POPULATION
41,015 Rank Occupation
LARGEST OCCUPATIONS
Hoboken
HISTORY
1 Management, Professional & Related 65%
1783: Purchased by Colonel John 2 Sales & Office 26%
Stevens, to be developed as a resort 3 Service 5%
1846: 1st organized baseball game 4 Production, Transportation & Material Moving 2%
1849: Became Township, incorporated 5 Construction, Extraction, Maintenance & Repair 1%
as city in 1855
1860 -1910: Was gateway for many
EDUCATION ATTAINMENT
immigrants from Europe 21% % of HS Grads
51% % of HS Grads
continue to 4 continue to 2
1907: The Erie-Lackawanna Terminal
8% Yr College Yr College
opened; 1908, 1st subway train linking
9% Less than H.S.
the terminal and Manhattan opened 27% INSTITUTE OF HIGHER EDUCATION
10% H.S. Diploma
1970s: Severe economic decline
Some College Institute (2-4 Yr) TOTAL ENROLLMENT
Today: Part of the NJ Gold Coast
4 Yrs of College Hudson County CC 8,682
48% > 4 Yrs of College NJ City University 8,404
TAX INFORMATION 2011
Stevens Inst of Tech. 5,757
 Corporate Income Tax = 9% St. Peter’s College 3,122
 Personal Income = 8.97% (max)
 Sales Tax = 7%
 Property Tax = $2,372 per capita
 Median Property Taxes Paid in ETHNICITY/DIVERSITY AGE MEDIAN AGE
county = $6,085
83% 32
RECREATION & ENTERTAINMENT 51%
 Hudson River Waterfront Walkway 31%
 Annual events include Hoboken
House Tour, Int’l Film Festival, Studio 6% 13%
3% 16% 5%
Tour, Arts & Music Festival, and
Under 25
Other
Asian
Macy’s Thanksgiving Day Parade
Hispanic
5%
Black
/Latino
White
45-64
25-44
 Numerous parks including Church
65+
Square Park, Columbus Park, Elysian
Park and Stevens Park
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2. CITY OF HOBOKEN TRANSPORTATION/MOBILTY COST OF DOING BUSINESS
AVG COMMUTE TIME (MINS) CARPOOL
2011 WAGES
36 30 NJ
25 US 3% Occupation
Bus. & Fin. Operations
Hudson
County
$72,920 $72,740
NJ
USE PUBLIC TRANSIT USE OTHER MEANS
Computer & Mathematical $84,220 $84,400
58% 10% Food Prep & Serving Related
Healthcare Practitioners
$24,240
$83,490
$23,300
$80,590
Management $129,710 $124,790
AVAILABLE TRANSPORTATION SYSTEMS
 Hudson-Bergen Light Rail  Montclair-Boonton Line Office & Admin Support $36,110 $35,660
 Bergen County Line  Morris and Essex Lines Protective Services $54,450 $52,230
 Pascack Valley Line  Meadowlands Rail Line Production $33,090 $34,690
Sales & Related $44,600 $42,850
KEY ROADS Trnsp and Material Moving $31,750 $33,080
 14th St Viaduct, Paterson Plank Road, Lincoln & Holland Tunnel
SPACE AVAILABILITY
MILEAGE TO NEAREST AIRPORT ABOUT NEWARK INT’L AIRPORT
Type Sq Ft/Acre Occupancy Costs
 12th busiest in US (29th worldwide)
8 To Newark
Int’l Airport  34.1 million passengers (2010)
 860 million short tons of cargo
Land
Industrial
0.3 acres
371,000 sq ft
$3.57 / sf
$5.10 / sf
Office 244,000 sq ft $33.65/ sf
ABOUT LAGUARDIA AIRPORT
9 To LaGuardia
Airport
 24.0 million passengers (2010)
 Smallest of 3 NY Metro Airports
 Busiest in the US for non-stop
Type of Utility
UTILITY COSTS
Cost/Available Providers Rank
service to and from Europe Gas $2.63 2nd lowest
Electric 14.8 cents / Deregulated 7th highest
15 To JFK Int’l
Airport
ABOUT JFK INT’L AIRPORT
 #18 busiest worldwide
 46.5 Million passengers (2010)
Telecom
Waste/
Sewer
Varies by location
Varies by location
NA
NA
 Leading freight gateway to US
(value of shipments)
FINANCING / INCENTIVES
MILEAGE TO NEAREST PORT ABOUT PORT OF NY/NJ ECONOMIC REDEVELOPMENT & GROWTH GRANT (ERGG): Tax-increment
 Largest port on East Coast financing available to close financing and competitive cost gaps
7 To Port of
NY/NJ
 3rd Largest port in the US
 Handled 5.3 million loaded and
unloaded 20 ft equiv units
between New Jersey and alternative locations
BUSINESS EMPLOYMENT INCENTIVE PROGRAM (BEIP): Annual grants
available to projects relocating or hiring new jobs in the State
 Value of cargo that moved
through port exceeds $190 Billion URBAN TRANSIT HUB TAX CREDIT (UTHTC): Income tax credits to
projects involving new construction or large-scale renovation
KEY RESOURCES & CONTACTS locating within 1/2 mile of a 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
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