HUDSON COUNTY, NEW JERSEY
OVERVIEW                                LABOR FORCE & EMPLOYMENT
                                        CURRENT CIVILIAN                                          UNEMPLOYMENT
                                        LABOR FORCE                                               RATE


                                        315,400                                                  10.3%                        9.8% NJ
                                                                                                                              8.3% US

                                        TOTAL EMPLOYED                                             PER CAPITA PERSONAL INCOME


                                        283,000                                                   $31,000                        $35K NJ
                                                                                                                                 $27K US

                                                                                    MAJOR PRIVATE SECTOR EMPLOYERS
                                          Company                                           Industry                                      2011 Employment
HISTORY                                   Insurance Services                                Business Services                                        3,000
                                          Jersey City Med Ctr                               Gen Med/Surgical Hospital                                1,870
1831: Morris Canal is opened
                                          Bayonne Hospital                                  Gen Med/Surgical Hospital                                1,164
(extension completed in 1836)             Computershare Inc                                 Stock Option Agents                                      1,000
1840: County founded, named after         Lord Abbett & Co.                                 Investment Advisory Services                               838
Hudson River                              JP Morgan Chase Bank                              Commercial Bank                                            600
1889: Central Railroad of NJ Terminal     Thinktech Inc                                     Online Svs Tech Consultants                                550
                                          Vitamin Shoppe                                    Pharmaceuticals Mail Order                                 500
built at Jersey City
                                          Prebon Yamane                                     Electronic Funds Transfer                                  450
1908: 1st route of Hudson and             Tropicana Products Inc                            Packaged Frozen Goods                                      250
Manhattan tubes (PATH) opened
Today: Smallest county in NJ; One of                                              FASTEST GROWING EMPLOYMENT SECTORS
the most densely populated                 Rank      Industry                                                                     % of new employment
                                              1      Insurance Carriers and Related Activities                                                   >20%
CURRENT POPULATION:                           2      Food Services and Drinking Places                                                            18%
                                              3      Social Assistance                                                                            12%

608,975                                       4
                                              5
                                                     General Merchandise Stores
                                                     Credit Intermediation and Related Activities
                                                                                                                                                  11%
                                                                                                                                                   8%

                                                                                  LARGEST EMPLOYMENT SECTORS (TOP 5)
PROJECTED EMPLOYMENT GROWTH                 Rank      Sector                                                       Hudson                   NJ           U.S.
(2008-2018)                                    1      Trade, Transportation & Utilities                             24%                    21%           19%
                                               2      Financial Activities                                          17%                    7%             6%
         Hudson 2.2%                           3      Education & Healthcare Services                               12%                    23%           14%
                                               4      Professional & Business Services                              12%                    15%           13%
                                               5      Manufacturing                                                  4%                    7%            10%
    NJ    2.8%
                                                                                       LARGEST OCCUPATIONS (TOP 5)
                                              Rank     Occupation                                                     Hudson                NJ           U.S.
                                                 1     Office & Admin Support                                          19%                 17%           16%
                                                 2     Sales & Related                                                 11%                 11%           11%
LARGEST MUNICIPALITIES 2011
                                                 3     Transportation and Material Moving                              10%                  7%            7%
    Jersey City* (247,597)                      4     Bus. & Fin. Operations                                           8%                  5%            5%
    Union City (66,455)                         5     Management                                                       7%                  6%            6%
    Bayonne (63,024)
    North Bergen (60,773)
                                        ETHNICITY/DIVERSITY                                                     AGE                                 MEDIAN AGE

                                         54%                                                                                                             36
TAX INFORMATION 2011                                                                                                             35%
    Corporate Income Tax = 9%                                42%                                                31%
    Personal Income = 8.97% (max)                                                                                                            24%
                                                                                                 14%
                                                                Hispanic/Latino




    Sales Tax = 7%                                  13%                            13%
                                                                                                                                                         11%
    Property Tax = $2,372 per capita
                                                                                                                   Under 25




    Median Property Taxes Paid in
                                           White


                                                      Black




                                                                                                  Other




                                                                                                                                                 45-64
                                                                                                                                  25-44
                                                                                    Asian




     county = $6,085
                                                                                                                                                          65+




*county seat                                                                                              www.choosenj.com/hudsoncounty.pdf
HUDSON COUNTY   LABOR FORCE & EMPLOYMENT cont’d                                                             TRANSPORTATION/MOBILTY

                EDUCATION ATTAINMENT                                                                        AVG COMMUTE TIME (MINS)              AVAIL TRANSPORTATION SYSTEMS



                                   11%
                                                                        Less than H.S.
                                                                        H.S. Diploma
                                                                                                            33         30 NJ
                                                                                                                       25 US                     247             Bus Routes
                                                                                                                                                                 (statewide)

                                               20%                                                          CARPOOL
                                                                        Some College
                              22%

                                               27%
                                                                        4 Yrs of College
                                                                        > 4 Yrs of College                  8.7%                                11         Commuter Rail Lines
                                                                                                                                                           (statewide)

                                 19%                              COUNTY:              US:                  USE PUBLIC TRANSIT
                                                                  COLLEGE DEGREE


                                                                     13%
                                                                                       COLLEGE DEGREE


                                                                                           28%
                                                                                                            39%                                  3     Light Rail Lines
                                                                                                                                                       (statewide)

                                                                                                            MILES OF INTERSTATES &               ACCESS TO CUSTOMERS
                                            LARGEST SCHOOL DISTRICTS                                        HIGHWAYS                             (MILLIONS)


                  William L Dickinson
                                                            Grade 12
                                                           Enrollment
                                                               592
                                                                              Average Combined
                                                                             SAT score (US :1509)
                                                                                               1195
                                                                                                            38,000                              100              Within one day
                                                                                                                                                                 drive

                  Bayonne                                      518                             1340         MILEAGE TO NEAREST AIRPORT           ABOUT NEWARK INT’L AIRPORT
                  North Bergen
                  Kearny
                  Memorial
                                                               453
                                                               386
                                                               342
                                                                                               1337
                                                                                               1382
                                                                                               1252
                                                                                                            7     To Newark
                                                                                                                  Int’l Airport
                                                                                                                                                  14th busiest in US (37th worldwide)
                                                                                                                                                  34 million passengers (2011)
                                                                                                                                                  812,000 short tons of cargo
                                                                                                                                                 ABOUT LAGUARDIA AIRPORT

                                        INSTITUTES OF HIGHER EDUCATION
                                                                               ENROLLMENT
                                                                                                            11        To LaGuardia
                                                                                                                      Airport
                                                                                                                                                  24 million passengers (2011)
                                                                                                                                                  20th busiest in US
                                                                                                                                                  Generates $11 billion in economic
                  Institute                                  Type            Under          Graduate                                               activity for NY/NJ
                                                                          graduate
                  Hudson County CC
                  NJ City University
                  Saint Peter’s College
                                                              2 Yr
                                                              4 Yr
                                                              4 Yr
                                                                             8,682
                                                                             6,367
                                                                             2,412
                                                                                                 NA
                                                                                              2,037
                                                                                                710
                                                                                                            16        To JFK Int’l
                                                                                                                      Airport
                                                                                                                                                 ABOUT JFK INT’L AIRPORT
                                                                                                                                                  #17 busiest worldwide
                                                                                                                                                  47.7 million passengers (2011)
                                                                                                                                                  Leading freight gateway to US
                  Stevens Institute of Tech                   4 Yr           2,262            3,495                                                (value of shipments)
                                                                                                            MILEAGE TO NEAREST PORT              ABOUT PORT OF NY/NJ


                  Institute
                                               VOCATIONAL SCHOOLS
                                                                                           Enrollment
                                                                                                            4     To Port of
                                                                                                                  NY/NJ
                                                                                                                                                  Largest port on East Coast
                                                                                                                                                  3rd Largest port in the US
                                                                                                                                                  Handled 5.3 million loaded and
                  High School Vocational                                                         841                                               unloaded 20 ft equiv units
                                                                                                                                                  Value of cargo that moved
                COST OF DOING BUSINESS                                                                                                             through port exceeds $190 Billion

                                                 SPACE AVAILABILITY                                                                         2011 WAGES
                  Type                         Sq Ft/Acre                          Occupancy Costs            Occupation                                        Hudson               NJ
                  Land                         323 acres                                 $14.28 / sf          Bus. & Fin. Operations                        $89,900             $74,470
                  Industrial                   11,163,000 sq ft                           $5.83 / sf          Computer & Mathematical                       $89,210             $84,590
                  Office                       3,916,000 sq ft                           $26.21 / sf          Food Prep & Serving Related                   $25,470             $23,650
                                                                                                              Healthcare Practitioners                      $88,200             $83,800
                                                                                                              Management                                   $147,680            $131,770
                KEY RESOURCES & CONTACTS                                                                      Office & Admin Support                        $39,860             $36,810
                                                                                                              Protective Services                           $48,790             $54,750
                TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER                                       Production                                    $35,100             $35,630
                MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER                                          Sales & Related                               $54,820             $43,760
                                                                                                              Trnsp and Material Moving                     $40,496             $33,100
                EconDev@choosenj.com
                609-297-2200                                                                                                               UTILITY COSTS
                www.ChooseNJ.com                                                                              Type of Utility        Cost/Available Providers                     Rank
                                                                                                              Gas                    $2.63                                 2nd lowest
                SOURCES: NJ Department of Labor & US Bureau of Labor Statistics; American Community           Electric               14.8 cents / Deregulated              7th highest
                Survey, 2005-2009 Estimates,; NJ State Police & FBI, Uniform Crime Report; NJ Monthly         Telecom                Varies by location                            NA
                Magazine, 2010; NJ State Department of Education, Spring 2010; Board of Public Utilities;
                Tax Foundation; Infoplease.com; Travelmath; CoStar; Hoovers; Institute for Energy
                                                                                                              Waste/Sewer            Varies by location                            NA
                Research; Data current as of May 2012

                                                                                                                                     www.choosenj.com/hudsoncounty.pdf

Hudson county-data-demographics-labor-employment

  • 1.
    HUDSON COUNTY, NEWJERSEY OVERVIEW LABOR FORCE & EMPLOYMENT CURRENT CIVILIAN UNEMPLOYMENT LABOR FORCE RATE 315,400 10.3% 9.8% NJ 8.3% US TOTAL EMPLOYED PER CAPITA PERSONAL INCOME 283,000 $31,000 $35K NJ $27K US MAJOR PRIVATE SECTOR EMPLOYERS Company Industry 2011 Employment HISTORY Insurance Services Business Services 3,000 Jersey City Med Ctr Gen Med/Surgical Hospital 1,870 1831: Morris Canal is opened Bayonne Hospital Gen Med/Surgical Hospital 1,164 (extension completed in 1836) Computershare Inc Stock Option Agents 1,000 1840: County founded, named after Lord Abbett & Co. Investment Advisory Services 838 Hudson River JP Morgan Chase Bank Commercial Bank 600 1889: Central Railroad of NJ Terminal Thinktech Inc Online Svs Tech Consultants 550 Vitamin Shoppe Pharmaceuticals Mail Order 500 built at Jersey City Prebon Yamane Electronic Funds Transfer 450 1908: 1st route of Hudson and Tropicana Products Inc Packaged Frozen Goods 250 Manhattan tubes (PATH) opened Today: Smallest county in NJ; One of FASTEST GROWING EMPLOYMENT SECTORS the most densely populated Rank Industry % of new employment 1 Insurance Carriers and Related Activities >20% CURRENT POPULATION: 2 Food Services and Drinking Places 18% 3 Social Assistance 12% 608,975 4 5 General Merchandise Stores Credit Intermediation and Related Activities 11% 8% LARGEST EMPLOYMENT SECTORS (TOP 5) PROJECTED EMPLOYMENT GROWTH Rank Sector Hudson NJ U.S. (2008-2018) 1 Trade, Transportation & Utilities 24% 21% 19% 2 Financial Activities 17% 7% 6% Hudson 2.2% 3 Education & Healthcare Services 12% 23% 14% 4 Professional & Business Services 12% 15% 13% 5 Manufacturing 4% 7% 10% NJ 2.8% LARGEST OCCUPATIONS (TOP 5) Rank Occupation Hudson NJ U.S. 1 Office & Admin Support 19% 17% 16% 2 Sales & Related 11% 11% 11% LARGEST MUNICIPALITIES 2011 3 Transportation and Material Moving 10% 7% 7%  Jersey City* (247,597) 4 Bus. & Fin. Operations 8% 5% 5%  Union City (66,455) 5 Management 7% 6% 6%  Bayonne (63,024)  North Bergen (60,773) ETHNICITY/DIVERSITY AGE MEDIAN AGE 54% 36 TAX INFORMATION 2011 35%  Corporate Income Tax = 9% 42% 31%  Personal Income = 8.97% (max) 24% 14% Hispanic/Latino  Sales Tax = 7% 13% 13% 11%  Property Tax = $2,372 per capita Under 25  Median Property Taxes Paid in White Black Other 45-64 25-44 Asian county = $6,085 65+ *county seat www.choosenj.com/hudsoncounty.pdf
  • 2.
    HUDSON COUNTY LABOR FORCE & EMPLOYMENT cont’d TRANSPORTATION/MOBILTY EDUCATION ATTAINMENT AVG COMMUTE TIME (MINS) AVAIL TRANSPORTATION SYSTEMS 11% Less than H.S. H.S. Diploma 33 30 NJ 25 US 247 Bus Routes (statewide) 20% CARPOOL Some College 22% 27% 4 Yrs of College > 4 Yrs of College 8.7% 11 Commuter Rail Lines (statewide) 19% COUNTY: US: USE PUBLIC TRANSIT COLLEGE DEGREE 13% COLLEGE DEGREE 28% 39% 3 Light Rail Lines (statewide) MILES OF INTERSTATES & ACCESS TO CUSTOMERS LARGEST SCHOOL DISTRICTS HIGHWAYS (MILLIONS) William L Dickinson Grade 12 Enrollment 592 Average Combined SAT score (US :1509) 1195 38,000 100 Within one day drive Bayonne 518 1340 MILEAGE TO NEAREST AIRPORT ABOUT NEWARK INT’L AIRPORT North Bergen Kearny Memorial 453 386 342 1337 1382 1252 7 To Newark Int’l Airport  14th busiest in US (37th worldwide)  34 million passengers (2011)  812,000 short tons of cargo ABOUT LAGUARDIA AIRPORT INSTITUTES OF HIGHER EDUCATION ENROLLMENT 11 To LaGuardia Airport  24 million passengers (2011)  20th busiest in US  Generates $11 billion in economic Institute Type Under Graduate activity for NY/NJ graduate Hudson County CC NJ City University Saint Peter’s College 2 Yr 4 Yr 4 Yr 8,682 6,367 2,412 NA 2,037 710 16 To JFK Int’l Airport ABOUT JFK INT’L AIRPORT  #17 busiest worldwide  47.7 million passengers (2011)  Leading freight gateway to US Stevens Institute of Tech 4 Yr 2,262 3,495 (value of shipments) MILEAGE TO NEAREST PORT ABOUT PORT OF NY/NJ Institute VOCATIONAL SCHOOLS Enrollment 4 To Port of NY/NJ  Largest port on East Coast  3rd Largest port in the US  Handled 5.3 million loaded and High School Vocational 841 unloaded 20 ft equiv units  Value of cargo that moved COST OF DOING BUSINESS through port exceeds $190 Billion SPACE AVAILABILITY 2011 WAGES Type Sq Ft/Acre Occupancy Costs Occupation Hudson NJ Land 323 acres $14.28 / sf Bus. & Fin. Operations $89,900 $74,470 Industrial 11,163,000 sq ft $5.83 / sf Computer & Mathematical $89,210 $84,590 Office 3,916,000 sq ft $26.21 / sf Food Prep & Serving Related $25,470 $23,650 Healthcare Practitioners $88,200 $83,800 Management $147,680 $131,770 KEY RESOURCES & CONTACTS Office & Admin Support $39,860 $36,810 Protective Services $48,790 $54,750 TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER Production $35,100 $35,630 MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER Sales & Related $54,820 $43,760 Trnsp and Material Moving $40,496 $33,100 EconDev@choosenj.com 609-297-2200 UTILITY COSTS www.ChooseNJ.com Type of Utility Cost/Available Providers Rank Gas $2.63 2nd lowest SOURCES: NJ Department of Labor & US Bureau of Labor Statistics; American Community Electric 14.8 cents / Deregulated 7th highest Survey, 2005-2009 Estimates,; NJ State Police & FBI, Uniform Crime Report; NJ Monthly Telecom Varies by location NA Magazine, 2010; NJ State Department of Education, Spring 2010; Board of Public Utilities; Tax Foundation; Infoplease.com; Travelmath; CoStar; Hoovers; Institute for Energy Waste/Sewer Varies by location NA Research; Data current as of May 2012 www.choosenj.com/hudsoncounty.pdf