The City of Paterson, New Jersey has a population of 145,835. It has high unemployment at 15% compared to 9.8% in New Jersey and 8.3% nationally. Major employers include St. Joseph's Hospital and the US Postal Service. Paterson was an important center of silk production in the 19th century and is known as the "Silk City." It has significant parks and cultural sites and is located 16 miles from Newark Airport.

1. CITY OF PATERSON, NEW JERSEY
OVERVIEW LABOR FORCE & EMPLOYMENT
CURRENT CIVILIAN LABOR FORCE UNEMPLOYMENT RATE
60,700 15% 9.8% NJ
8.3% US
TOTAL EMPLOYED PER CAPITA PERSONAL INCOME
50,900 $15,316 $50K NJ
$39K US
MAJOR PRIVATE SECTOR EMPLOYERS
Company Industry 2011
Employment
St Joseph’s Hospital Gen Med/Surgical Hospitals 3,155
United States Postal Services US Postal Service 500
The City of Paterson, located in Passaic
Nat’l Assoc. of Letter Carriers Labor Union 320
County, is the 3rd largest city in the State.
Crown Roll Leaf Inc. Metal Foil & Leaf 270
Paterson is known as the “Silk City” for its
CN Burman Mfg. Co Lamp/Light Shades 250
dominant role in silk production during
Sealy Mattress of NJ Mattresses & Foundations 120
the later 19th century.
CURRENT POPULATION LARGEST EMPLOYMENT SECTORS (TOP 5)
Rank Sector Passaic NJ U.S.
145,835 1
2
3
Trade, Transportation & Utilities
Education & Healthcare Services
Professional & Business Services
22%
15%
15%
21%
23%
15%
19%
14%
13%
HISTORY
4 Manufacturing 11% 7% 10%
1791: Alexander Hamilton helped found 5 Leisure & Hospitality 6% 9% 10%
the Society for the Establishment of
Useful Manufactures (S.U.M.)
OCCUPATIONS
1831: Originally formed from portions of
Essex, named after William Rank Occupation Paterson
1 Production, Transportation and Material Moving 26%
Paterson, Governor of New Jersey
2 Service 24%
1851: Incorporated as a city 3 Sales & Office 24%
1913: Paterson silk strike focused on 4 Management, Professional & Related 16%
anti-child labor legislation 5 Construction, Extraction, Maintenance & Repair 9%
Today: Is NJ’s third largest city and one
of largest in the NYC Metropolitan area
EDUCATION ATTAINMENT
TAX INFORMATION 2011
 Corporate Income Tax = 9% 8% 2% 27% % of HS Grads
continue to 4
54% % of HS Grads
continue to 2
 Personal Income = 8.97% (max) Less than H.S. Yr College Yr College
 Sales Tax = 7% 18% 30% H.S. Diploma
 Property Tax = $2,372 per capita Some College INSTITUTE OF HIGHER EDUCATION
 Median Property Taxes Paid in
4 Yrs of College Institute (2-4Yr) TOTAL ENROLLMENT
county = $7,055
> 4 Yrs of College William Paterson Univ 10,820
ARTS & RECREATION 42%
Passaic County CC 8,883
 Significant parks & recreation systems Berkley College 3,709
 City Hall
 Hinchliffe Stadium
 Danforth Memorial Library ETHNICITY/DIVERSITY AGE MEDIAN AGE
55%
 Cathedral of St. John the Baptist
39%
32
 St. Michael's Roman Catholic Church
 Paterson Museum 35%
30%
 Belle Vista (Lambert Castle) 30% 31%
Hispanic/Latino
22%
Under 25
7% 9%
White
Black
45-64
25-44
Other
Asian
65+
www.choosenj.com/cityofpaterson.pdf

2. CITY OF PATERSON TRANSPORTATION/MOBILTY COST OF DOING BUSINESS
AVG COMMUTE TIME (MINS) CARPOOL 2011 WAGES
25 30 NJ
25 US 10% Occupation
Bus. & Fin. Operations
Passaic
County
$72,920
NJ
$72,740
USE PUBLIC TRANSIT USE OTHER MEANS Food Prep & Serving Related $24,240 $23,300
13% 13% Healthcare Practitioners
Install, Maint & Repair
Management
$83,490
$46,630
$129,710
$80,590
$46,930
$124,790
AVAILABLE TRANSPORTATION SYSTEMS Office & Admin Support $36,110 $35,660
 Train service: NJ Transit Main Line Commuter Rail Service Production $33,090 $34,690
 Bus service: Broadway Bus Terminal Protective Services $54,450 $52,230
KEY ROADS
Sales & Related $44,600 $42,850
 Interstate Route 80, State Routes 4, 19, 20, US Route 46, Garden Trnsp and Material Moving $31,750 $33,080
State Parkway. State Routes 3, 17, 21 and 208 also accessible
SPACE AVAILABILITY
MILEAGE TO NEAREST AIRPORT ABOUT NEWARK INT’L AIRPORT
 12th busiest in US (29th worldwide) Type Sq Ft/Acre Occupancy Costs
16 To Newark
Int’l Airport  34.1 million passengers (2010)
 860 million short tons of cargo
Land
Industrial
7.3 acres
2,218,000 sq ft
$25.58 / sf
$4.88 / sf
Office 203,000 sq ft $15.67/ sf
ABOUT LAGUARDIA AIRPORT
18 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
7th highest
28 To JFK Int’l ABOUT JFK INT’L AIRPORT Electric ¢ 14.8 / Deregulated
Airport  #18 busiest worldwide Telecom Varies by location NA
 46.5 Million passengers (2010) Waste/Sewer Varies by location 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
15 To Port of financing available to close financing and competitive cost gaps
 3rd Largest port in the US between New Jersey and alternative locations
NY/NJ
 Handled 5.3 million loaded and
BUSINESS EMPLOYMENT INCENTIVE PROGRAM (BEIP): Annual grants
unloaded 20 ft equiv units
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; Wikipedia; Travelmath; Institute for Energy
Research; Data current as of September 2011
www.choosenj.com/cityofpaterson.pdf