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Hudson County Economic Development Corporation Is a Not for Profit Organization Serving Hudson County

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Hudson County Economic Development Corporation Is a Not for Profit Organization Serving Hudson County HUDSON COUNTY ECONOMIC AND DEMOGRAPHIC PROFILE 201 6 Photo Provided by Hudson County Planning Department Phone: 201 - 369 - 4370 Fax: 201 - 3 69 - 4371 www.hudsonedc.org www.facebook.com/hudsonedc Hudson County Development Corporation Giving Business a Helping Hand HUDSON COUNTY EDC INFO…...……………………………….……….. 1 SITE SELECTION ……………………………………… 2 LOAN PROGRAMS…………………………………………………………… 3 COUNTY CENSUS TRACT MAP…………………………………………… 4 COUNTY GOVERNMENT……… …………………………………………… 5 County Budget…………………………………………………. 6 Registered Voters………………………………………………. 6 POPULATION…………………………….……………………………………. 7 Municipal Populations …...……….. 8 County Populations /2016 unemployment Rates ……………………………………… 9 EDUCATION A ND CHILD CARE……..…………………………….……… 10 HOSPITALS………………………………………...…………………………… 1 1 LIBERTY SCIENCE CENTER………………………………………...………. 1 2 MEDIA……………………………………………...…………………………….. 1 3 Newspapers………………………………………………….. 1 3 Electronic……………………………………………………... 1 4 TRANSPORT ATION…………………………………….……………………. 1 5 Major Arteries………………………………………………… 1 5 R ail and Path………………………………………………… 1 6 Bus Information……………………………………………… . 1 7 Newark International Airport………………………………… 1 8 ECONOMIC AND EMPLOYMENT DATA………………………………... 1 9 HUDSON COUNT Y RE AL ESTATE……………………………………… 20 MUNICIPALITIES Bayonne……………………………………………………….…………………..…… 2 1 East Newark…………………………………………………………………………... 2 2 Guttenberg………………………………………………………………………...….. 2 3 Harrison……………………………………………………………………….….….… 2 4 Hoboken………………………… …………………………………………………..… 2 5 Jersey City……………………………………………………………………………... 2 6 Kearny…………………………………………………………………………….……. 2 7 North Bergen……………………………………………………………………….… 2 8 Secaucus……………………………………………………………………………….. 2 9 Union City………………………………………………………………….……….. … 30 Weehawken……………………………………………………….…………………... 3 1 Hudson County Development Corporation Giving Business a Helping Hand West New York………………………………………………………………………. 3 2 Hudson County Development Corporation Giving Business a Helping Hand The Hudson County Economic Development Corporation is a not for profit organization serving Hudson County. We have an active Board of Trustee s representing a cross section of business, labor, community and local government . Finance The Hudson County EDC is committed to bringing lending initiatives designed to reach businesses that would otherwise be denied conventional lending. The Hudson Coun ty EDC is partnering with the UCEDC, a nonprofit small business lender and training organization. Loans of $5,000 to $5 million will be made available to start - up and established business throughout Hudson County. Eligible uses include working capital, th e purchase of new machinery or equipment, and the purchase or renovation of business property in Hudson County. The Hudson County EDC and UCEDC is dedicated to promoting New Jersey’s small businesses with resources tailored to every stage of business growt h. We stand ready to assist you with your lending needs. Ombudsman Services Sometimes it is helpful to know where to call to solve a business problem. The Hudson County Economic Development Corporation maintains a close association with prominent busi nesses and organizations within the County, as well as governmental agencies on the local, state and federal level. We stand ready to help. Research Information and Demographics To assist you in making an informed business decision, the Hudson County Eco nomic Development Corporation serves as NJ State Data Center Affiliate, providing the most up to date census, business and industrial data available. We also produce comprehensive reports and demographics specific to the County. These include vital statis tics on major employers, income trends, and UEZ Zones and tax rates for all 12 municipalities. Site Location Your decision to locate or relocate in Hudson County is based on your business property requirements. We provide individualized property searches taking your requirements into consideration. Finding the right site will save you time and money. Media Follow us on Facebook at Facebook.com/hudsonedc. The Hudson County Economic Development Corporation has compiled this data from the most current so urces available. The nature of business, however, dictates constant change. We are not responsible for any errors or omissions contained herein. Hudson County Development Corporation Giving Business a Helping Hand 1 Site Location Your decision to locate or relocate in Hudson County is based on your business property r equirements. We provide individualized property searches taking all your requirements into consideration. Finding a site that fully meets your business needs can be a daunting task. HCEDC provides our clients with the most comprehensive in formation on sites that will not only meet expectations, but factor in transportation, logistical requirements and energy strategies. Our team will provide you with a comprehensive incentive package of local, state and federal programs to meet your devel opment goals. We assist the municipalities of Hudson County with their economic development initiatives by matching the right company to the right location. For more information, go to www.hudsonedc.org Or Visit us on Facebook at www.facebook.com/hudsonedc 2 Hudson County Development Corporation Giving Business a Helping Hand Loan Programs 3% Working Capital (up to $25,000) Well - qualified borrowers (profitable businesses at least 3 years in operation and good personal credit) are eligible for up to $25,0 00 at 3% fixed for five years. No collateral is required and there are no prepayment penalties. Microloans (up to $50,000) The Microloan Program offers fixed - rate (5.0% – 9.5%), six - year loans with as little as 10% down for start - up and existing businesse s. Businesses in operation for less than two years can borrow a maximum of $35,000; older business with a profitable operating history are eligible for up to $50,000. There are no prepayment penalties. Community Advantage 7a (up to $250,000) Long - term l oans (10 - 20 years) of up to $250,000 are available to start - up (in operation less than two years) and existing businesses and feature flexible collateral requirements. Interest rates are Prime +3% – 4%, with as little as 10% down. 504 Commercial Real Est ate (up to $5 million) This program provides start - up and established businesses with the opportunity to purchase, construct or improve their own building or purchase major equipment through long - term (10 - 20 years), fixed rate financing (current rates are approximately 5%). Borrowers can put as little as 10% down. Our website is www.hudsonedc.org Or f acebook.com/ h udsonedc 3 HUDSON COUNTY MAP 4 HUDSON COUNTY GOVERNMENT Hudson County operat es under a County Government as authorized by the State Optional Charter Law for counties . The Hudson County Board of chosen Freeh olders is comprised of nine members elected to four - year terms. The Board elects a chairperson. Thomas DeGise COUNTY EXECUTIVE Justice Brennan Court House 583 Newark Avenue Jersey City, NJ 07306 201 - 795 - 6200 BOARD OF CHOSEN FREEHOLDERS Administratio n Building Annex 567 Pavonia Avenue Jersey City, NJ 07306 201 - 795 - 6101 1 st District Kenneth Kopacz 2 nd District William O’Dea 3 rd District Gerard Balmir 4 th District E. Junior Maldonado 5 th District Anthony L. Romano 6 th District Tilo Rivas 7 th Dist rict Caridad Rodriguez 8 th District Anthony P. Vainieri Jr. 9 th District Albert Cifelli Source: www.hudsoncountynj.org 5 HUDSON COUNTY GOVERNMENT Hudson County Administration Building 595 Newark Avenue Jersey City, New Jersey 07306 201 - 795 - 6200 County Budget $ 5 40 million for the year 20 1 6 Source: Hudson County Executive’s Budget County Bond Rating AA - by S tandard & Poors Source: Hudson County Financial office Registered Voters As of December 2016, the break down of registered voters in t county was: Dem ocrat 181,227 Republican 30,177 Unaffiliated 122,600 Green Party 2 85 Liberal Party 4 44 Natural Law 113 Reformed 62 Conservative 259 Const itution 333 Socialist Party 127 Total 335,627 Source: Hudson County Superintendent of Elections Office 6 COUNTY POPULATIONS Subject Number Percent Subject Number Percent SEX AND AGE HISPANIC OR LATINO AND RACE T otal population 674,836 674,836 Total population 674,836 674,836 Male 335,619 49.7% Hispanic or Latino (of any race) 290,263 43.0% Female 339,217 50.3% Mexican 19,806 2.9% Puerto Rican 59,848 8.9% Under 5 years 46,967 7.0% Cuban 25,189 3.7% 5 to 9 years 37,049 5.5% Other Hispanic or Latino 185,420 27.5% 10 to 14 years 32,595 4.8% Not Hispanic or Latino 384,573 57.0% 15 to 19 years 32,904 4.9% White alone 194,764 28.9% 20 to 24 years 46,004 6.8% 25 to 34 years 141,559 21.0% RELATIONSHIP 35 to 44 years 106,151 15.7% Population in households 667,882 667,882 45 to 54 years 86,688 12.8% Householder 255,508 38.3% 55 to 59 years 37,144 5.5% Spouse 99,612 14.9% 60 to 64 years 34,249 5.1% Child 186,422 27.9% 65 to 74 years 42,250 6.3% Other relatives 65,562 9.8% 75 to 84 years 21,511 3.2% Nonrelatives 60,778 9.1% 85 years and over 9,765 1.4% Unmarried partner 21,244 3.2% In group quarters 6,954 1.0% Median age (years) 35.0 (X) 18 years and over 538,445 79.8% Male 2 65,794 49.4% Female 272,651 50.6% 21 years and over 518,110 76.8% 62 years and over 92,618 13.7% HOUSEHOLDS BY TYPE 65 years and over 73,526 10.9% Total households 255,508 255,508 Male 30,685 41.7% Family households (families) 159,8 62 62.6% Female 42,841 58.3% With own children of the householder 75,079 29.4% under 18 years Married - couple family 100,267 39.2% RACE With own children of the householder 46,359 18.1%
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