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Hudson County Regional CEDS 2010-2014 Comprehensive Economic Development Strategy January 2010 Preparation and Approval of the Regional CEDS 2010-2014

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Hudson County Regional CEDS 2010-2014 Comprehensive Economic Development Strategy January 2010 Preparation and Approval of the Regional CEDS 2010-2014 Hudson County Regional CEDS 2010-2014 Comprehensive Economic Development Strategy January 2010 Preparation and Approval of the Regional CEDS 2010-2014 The Hudson County Regional CEDS 2010-2014 was prepared by the Hudson County Division of Planning for the U.S. Department of Commerce, Economic Development Administration. The plan was adopted by the Hudson County Planning Board and Hudson County CEDS Strategy Committee on January 20, 2010. Hudson County Regional CEDS 2010-2014 Copyright © 2010 Hudson County Division of Planning The original of this report was signed and sealed in accordance with N.J.S.A. 40:27-2; N.J.S.A. 45:14A- 12; N.J.A.C. 13:41-1.2; and 13 C.F.R. § 303.7. Signature: Date: Stephen D. Marks, PP, AICP, CFM, Division Chief P.P. # 4916 & N.J. Lic. No. 33LI00568500 Hudson County County Executive CEDS Committee Department of Parks, Hon. Thomas A. DeGise Hon. Thomas A. DeGise,County Executive Engineering & Planning Board of Chosen Hon. Albert Cifelli, Freeholder Silvana Kaminski, Acting Department Mayor of the City of Bayonne Director Freeholders Mayor of the Borough of East Newark Hon. Tilo Rivas, Chairperson District 6 Mayor of the Town of Guttenberg Division of Planning Hon.William O’Dea, Vice Chairperson, Mayor of the Town of Harrison Stephen Marks, PP, AICP, CFM, Division Chief District 2 Mayor of the City of Hoboken Michael Ascolese Hon. Eliu Rivera, Chairperson ProTem- Mayor of the City of Jersey City pore District 4 Daniela Ciammaruconi Mayor of the Town of Kearny Hon. Doreen DiDomenico, District 1 Stuart Koperweis Mayor of the Township of North Bergen Hon. Jeffrey Dublin, District 3 Jonathan Luk Mayor of the Town of Secaucus Hon. Anthony Romano, District 5 Megan Massey Mayor of the City of Union City Hon. Jose Munoz, District 7 Elizabeth Morales Mayor of the Township of Weehawken Hon.Thomas Liggio, District 8 Mario Tridente Mayor of the Town of West New York Hon. Albert Cifelli, District 9 Jeffrey Kaplowitz Chairman Prepared By: Planning Board Joanne VanDorn Vice-Chair Carissa Johnsen, MCRP Mary Avagliano, Chairperson Gina Boesch Eric Tuvel Rushabh Mehta, Vice Chairperson Eric Boyce Stuart Koperweis Michael Holloway, Chairperson Pro- Anthony Cammarata Ph.D Tempore Commissioner Anthon Corsi Ernie Swiger, Demetrio Arencibia, PE, PP James DiDomenico Assistant County Engineer Mina Dimetry Renee Bettinger, Commissioner Richard Dwyer Daniel Choffo, Commissioner Aaron Foreman Hon. Jeffrey Dublin, Freeholder Glen Gabert Jude Fitzgibbons, Commissioner Alan Lambiase Borivoj Jasek, PE, PP County Engineer Suzanne Mack Hon. Jose Munoz, Freeholder Alan Magrini Kennedy Ng, Commissioner E. Junior Maldonado Board Attorney Julian Malloy Thomas Calvanico Heather Martin Stephen Marks, PP, AICP, CFM Board Brain McClean Secretary Raj Menon Paul Silverman Elizabeth Spinelli Elnora Watson 1 2 Hudson County Regional CEDS 2010-2014 Table of Contents Executive Summary.................................................................5 Vision Statement.....................................................................6 Introduction..............................................................................7 What is a CEDS? Eligibility Planning Organization Strategy Committee Background............................................................................13 United States New Jersey Hudson County Existing Conditions....................................25 Geography Population Development Economic Clusters and Employment Educational Institutions and Medical Facilities Personal Income and Housing Commercial and Industrial Real Estate Environment Transportation Plan of Action.........................................................................55 SWOT Analysis Goals, Objectives, & Strategies Community Outreach and Private Sector Participation Municipal and Regional Summaries Project List Performance Measures 3 Appendices Appendix A: CEDS Resolution & Committee Members Appendix B: CEDS Meeting Minutes & Attendance Records Appendix C: List of Participants in the Preparation of the CEDS Appendix D: Stakeholder Meeting Notes Appendix E: Results of Public Outreach Survey Appendix F: Performance Measures Appendix G: NJTPA 2035 Hudson County Project list Appendix H: Active EDA Projects Appendix I: Previously Funded EDA Projects 4 Hudson County Regional CEDS 2010-2014 Executive Summary The Hudson County Regional Comprehensive Economic Development Strategy or “CEDS” is a five-year economic plan to guide the growth of jobs, development and commerce in the County. The CEDS plan is a requirement of the US Department of Commerce, Economic De- velopment Administration, USEDA, in order to become and remain eligible for public works grants and economic development assistance from the federal EDA. The federal regulations (13 C.F.R. § 303.7) require the establishment of a CEDS Commit- tee to oversee development of the CEDS Plan and designation of a Planning Organization to administer the federally sanctioned CEDS process. In response, the County Executive issued Executive Order no. 71 establishing the Hudson County CEDS Committee. The most recent CEDS Committee was appointed by the County Executive and confirmed by the Board of Chosen Freeholders via Resolution No. 491-11-2007 on November 8, 2007. On May 22, 2004 the Board of Chosen Freeholders approved Ordinance No. 219-5-2004 creating the Division of Planning. The Division was designated by the governing body as the Planning Organization responsible for managing the CEDS process. Hudson County’s CEDS Committee is comprised of over 30 individuals representing a broad range of interests including local government officials from the County and all twelve munici- palities, representatives of institutions of higher education and workforce development, minor- ity and non-profit organizations and organized labor, the chamber of commerce and economic development agencies, the finance, insurance and real estate sector, the transportation and lo- gistics industry, as well as regional transportation agencies and utilities. The CEDS Committee has been meeting on a quarterly basis to discuss economic development issues and matters of regional concern since its establishment in 1999. For more than 10 years the original 1999 CEDS Plan served as the basis for Hudson County’s grant applications and funding requests to the US Department of Commerce. In fact, the CEDS Plan helped facilitate the successful application of over $18 million in funding from the federal EDA. The CEDS Committee developed and adopted numerous annual updates to the original CEDS Plan which were approved by the federal EDA. However, in 2009 federal economic development officials notified the CEDS Committee that the County would have to develop a new five year CEDS Plan. Thus, the County using funds from the Hudson County Community Development Block Grant CDBG program hired graduate students from Rutgers University’s Bloustein School of Planning and Public Policy to assist the Division of Planning and CEDS Committee prepare a new five year CEDS Plan. The Division of Planning, with the guidance of the CEDS Committee, began drafting a CEDS Plan that discussed the economy, population, geography, workforce development, transporta- tion, resources and environment of the region. The CEDS Plan analyzes the strengths, weak- nesses, opportunities and threats facing the region and identifies economic clusters within the County. The CEDS Plan contains both broad goals and achievable objectives. The CEDS Plan was prepared with wide and robust community and private sector participation that involved interviews with dozens of stakeholders, an internet based survey in both English and Spanish which garnered nearly 800 responses, and a formal public hearing. The CEDS Plan contains a plan of action which identifies strategic projects, programs and activities and performance mea- sures to evaluate the Plan’s success. Executive Summary 5 Vision Statement The year is 2015 and Hudson County is continuing to rebound from the economic recession which has gripped the country since 2008. The County leads the State in total private sector job creation, wage growth and new housing starts. The County is well positioned from State and Federal economic stimulus measures. In fact, the American Recovery and Reinvestment Act (ARRA) and New Jersey’s Economic Stimulus Act of 2009 are both helping to spur develop- ment and rebuild Hudson County’s antiquated infrastructure as well as lift the State and County out of the recession. Locally, communities have been successfully employing available resources including the Urban Transit Hub Tax Credit program, redevelopment powers, special improve- ment districts, public bonds and special purpose funds (UEZ, CDBG, etc.) to leverage private investment and create local jobs. While banks and financial institutions are not lending money or extending credit like the heady days of the early 2000s, intrepid developers are partnering with local governments and agen- cies to facilitate construction of their projects. In Bayonne, developers partnered with the New Jersey Environmental Infrastructure Trust, the Hudson County Improvement Authority and the City of Bayonne to build a new 350,000 sf commercial center on Route 440. In Harrison, developers teamed-up with the State, County, Town and Port Authority to build new water and sewer infrastructure along with a new shared parking deck adjacent to the rehabilitated PATH train station to help spur thousands of units of market rate housing to compliment a new 25,000 seat professional soccer
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