In addition to rents that are considerably lower than comparable properties in Manhattan, local and government financial incentives offer tenants the following economic benefits, several of which may apply to your company:

  • Business Employment Incentive Program

  • Urban Enterprise Zone (This program includes sales tax exemptions on qualified corporate equipment and supply purchases vs. 6% in surrounding cities and a staggering 8.25% in New York City.)

  • New Jersey Long Term Tax Abatement, fixing real estate taxes for up to 20 years

  • Business Relocation Assistance Grant Program

  • Job training grants

  • Additional benefits of locating your office to Jersey City include:

    • No commercial rent tax (vs. 6% in New York City)

    • No city corporate or personal income tax

    • Lower state income tax

    • Dramatic savings on utilities (PSE&G rates are as much as 25% less than Con Edison's.)