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==Economy== Jersey City is a regional employment center and one of the largest in the state with over 100,000 private and public sector jobs, which creates a daytime swell in population. Many jobs are in the financial and service sectors, as well as in shipping, [[logistics]], and retail.<ref name=2014recovery>[http://www.jerseycitynj.gov/uploadedFiles/City_Government/JC%20Sandy%20Recovery%20Strategic%20Planning%20Report.pdf ''Sandy Recovery Strategic Planning Report A Strategic Plan for Resilience''] {{Webarchive|url=https://web.archive.org/web/20170712205154/http://www.jerseycitynj.gov/uploadedFiles/City_Government/JC%20Sandy%20Recovery%20Strategic%20Planning%20Report.pdf |date=July 12, 2017 }}, City of Jersey City, August 2014. Accessed July 18, 2017. "Jersey City is home to a waterfront regional employment center known as 'Wall Street West,' with 13.3 million square feet of Class A office space located in flood zones. It also has a major shipping port, and sizable manufacturing, wholesale, retail and service sectors. It is an economic engine for the state, and its daytime population swells with visitors and jobs. According to the U.S. Census Bureau, there were 108,914 public and private sector jobs in Jersey City at the beginning of the second quarter in 2011."</ref> From 2020 to 2021, Jersey City's employment rate increased by 8.12% from 140,000 to 151,000 employees. Tech and IT jobs made up 15.5% of all jobs created during that span.<ref name="Top Tech">{{cite web|url=https://www.cloudwards.net/top-tech-cities-us/|title=The Top Tech Cities in the US: Ranking 100 Cities in 2025 - 5. Jersey City, New Jersey|website=cloudwards.net|date=July 19, 2024|access-date=January 24, 2025}}</ref> Jersey City's tax base grew by US$136 million in 2017, giving Jersey City the largest municipal tax base in the State of New Jersey.<ref>[http://www.cityofjerseycity.com/uploadedFiles/2017%20Budget%20Introduction%20Press%20Release%2003%2022%202017.pdf "Mayor Fulop to Introduce 2017 Budget With No Tax Increase; Fourth Consecutive Year With No Municipal Tax Increase as Fulop Administration Brings Long-Term Fiscal Stability to Jersey City"] {{Webarchive|url=https://web.archive.org/web/20170628081951/http://cityofjerseycity.com/uploadedFiles/2017%20Budget%20Introduction%20Press%20Release%2003%2022%202017.pdf |date=June 28, 2017 }}, City of Jersey City, March 22, 2017. Accessed July 18, 2017. "In 2017, the tax base, or ratable base, grew in Jersey City by $136 million (~${{Format price|{{Inflation|index=US-GDP|value=136000000|start_year=2017}}}} in {{Inflation/year|US-GDP}}) due to Fulop Administration policies encouraging economic investment throughout the city. In four years, the tax base has grown by $415 million, with Jersey City having the largest municipal tax base in the state."</ref> As part of a 2017 revaluation, the city's property tax base is expected to increase from $6.2 billion to $26 billion.<ref>McDonald, Terrence T. [http://www.nj.com/hudson/index.ssf/2017/04/jersey_city_revaluation_making_homeowners_anxious.html "Jersey City homeowners uneasy as long-delayed revaluation begins"], ''[[The Jersey Journal]]'', April 21, 2017. Accessed July 18, 2017. "When the reval is complete, city officials expect the city's taxable property base to rise in value to about $26 billion from its current $6.2 billion."</ref> ===Wall Street West=== [[File:Jersey City skyline, Exchange Place waterfront at sunset (cropped).jpg|thumb|320px|Wall Street West as seen from [[One World Trade Center]] in 2023]] Jersey City's Hudson River waterfront, from [[Exchange Place (Jersey City)|Exchange Place]] to [[Newport, Jersey City|Newport]], is known as [[Wall Street West]] and has over {{Convert|13000000|sqft}} of [[Class A office|Class A office space]]<ref name =2014recovery/> and over {{convert|18000000|sqft|m2}} of total office space for the nation's 12th-largest [[downtown]] and the state's largest office market.<ref name=Renaissance/> One-third of the [[private sector]] jobs in the city are in the financial services sector: more than 60% are in the [[Security (finance)|securities industry]], 20% are in banking and 8% in [[insurance]].<ref>{{cite web|title=Your Gateway to Opportunity, Enterprise Zone Five Year Strategic Plan 2010|url=http://www.jcedc.org/Pages/JerseyCity%20UEZ_Economics.pdf|publisher=Jersey City Economic Development Corporation|access-date=May 23, 2013|url-status=dead|archive-url=https://web.archive.org/web/20131028234728/http://www.jcedc.org/Pages/JerseyCity%20UEZ_Economics.pdf|archive-date=October 28, 2013|df=mdy-all}}</ref> Jersey City is the headquarters of the [[National Stock Exchange (Jersey City, New Jersey)|National Stock Exchange]]. Jersey City is also home to the headquarters of [[Verisk Analytics]] and [[Lord Abbett]],<ref name=StarLedger>Todd, Susan. [http://www.nj.com/business/index.ssf/2009/10/verisk_analytics_sells_8525_mi.html "Verisk Analytics of Jersey City raises $1.9B in stock offering"], ''[[The Star-Ledger]]'', October 8, 2009. Accessed October 8, 2009.</ref> a privately held money management firm.<ref>[http://www.lordabbett.com/us/la2/contact_us Lord Abbett: Contact Us], accessed April 2, 2011.</ref> Companies such as [[Computershare]], [[Automatic Data Processing|ADP]], [[IPC Systems]], and [[Fidelity Investments]] also conduct operations in the city.<ref>[http://www.hudsonedc.org/hudson-employers.pdf Major Employer's List] {{webarchive|url=https://web.archive.org/web/20110718191705/http://www.hudsonedc.org/hudson-employers.pdf |date=July 18, 2011 }}, Hudson County Economic Development Corporation, accessed March 18, 2011.</ref> [[Fintech]] firms such as Revenued also have a large presence to service the financial sector in Jersey City.<ref>{{cite web|url=https://www.roi-nj.com/2020/07/06/finance/jersey-city-based-fintech-buys-n-y-financing-company/|title=Jersey City-based fintech buys N.Y. financing company|website=roi-nj.com|date=July 6, 2020|access-date=January 25, 2025}}</ref> In 2014, ''[[Forbes]]'' magazine moved its headquarters to the district, having been awarded a $27 million tax grant in exchange for bringing 350 jobs to the city over ten years.<ref>Staff. [http://www.nj.com/hudson/index.ssf/2014/12/forbes_moving_to_new_jersey_city_offices_monday_report_says.html 'Forbes moving into Jersey City offices on Monday, report says"], ''[[The Jersey Journal]]'', December 12, 2014. Accessed June 1, 2015. "Forbes has committed to spending 10 years in Jersey City, for which it will receive a $27 million Grow New Jersey tax grant because of its pledge to bring at least 350 jobs to the state."</ref> Also in 2014, [[RBC Bank]] announced it was moving 900 jobs to {{convert|207,000|sqft|m2|abbr=on}} of office space at [[30 Hudson Street]] at Exchange Place.<ref>{{cite web|url=https://www.politico.com/states/new-york/city-hall/story/2014/05/jpmorgan-rbc-putting-4-500-workers-in-jersey-city-013022|title= JPMorgan, RBC putting 4,500 workers in Jersey City|publisher=Politico|date=May 16, 2014|access-date=January 26, 2024}}</ref> In 2015, [[JPMorgan Chase]] expanded their presence in Jersey City by relocating 2,150 jobs from [[Manhattan]] to a company owned office building in Newport.<ref>{{cite web|url=https://www.wsj.com/articles/j-p-morgan-to-move-2-150-jobs-from-manhattan-to-jersey-city-1438801909|title=J.P. Morgan to Move 2,150 Jobs From Manhattan to Jersey City|publisher=The Wall Street Journal|date=August 5, 2015|access-date=January 26, 2025}}</ref> In 2020, [[American International Group]] (AIG) announced it was leasing {{convert|230,000|sqft|m2|abbr=on}} of office space at 30 Hudson St. starting in 2021.<ref>{{cite web|url=https://re-nj.com/aig-to-join-growing-tenant-roster-at-goldman-sachs-tower-inking-230000-sq-ft-lease/|title=AIG to join growing tenant roster at Goldman Sachs tower, inking 230,000 sq. ft. lease|website=re-nj.com|date=August 3, 2020|access-date=May 5, 2025}}</ref> The [[Bank of Montreal]] renewed its lease of {{convert|10,365|sqft|m2|abbr=on}} office space in 2024 at Harborside.<ref name="3 Second St.">{{cite web|url=https://re-nj.com/cw-biopharma-firm-automaker-among-newest-tenants-at-jersey-city-office-tower/|title=C&W: Biopharma firm, automaker among newest tenants at Jersey City office tower|publisher=Real Estate NJ|date=January 17, 2024|access-date=January 26, 2025}}</ref> In 2024, [[Bank of America]] announced that they leased approximately {{convert|550,000|sqft|m2|abbr=on}} of office space over 21 floors at [[Newport Tower (Jersey City)|Newport Tower]] in the [[Newport, Jersey City|Newport]] neighborhood. It represents the largest New Jersey office space lease in the last decade.<ref>{{cite web|url=https://re-nj.com/bank-of-america-expanding-to-548000-sq-ft-in-new-deal-at-jersey-citys-newport-tower/|title=Bank of America expanding to 548,000 sq. ft. at Jersey City's Newport Tower|publisher=Real Estate NJ|date=January 18, 2024|access-date=January 21, 2025}}</ref> ===Life science and technology industry=== The life science and technology industry is a rapidly growing and expanding sector for Jersey City. In 2024, Jersey City was ranked as the 5th top tech city in the United States and now houses 394 different Tech and IT firms with 15.5% of all jobs in Jersey City being created in that sector from 2020 to 2021.<ref name="Top Tech"/> In 2020, [[Merck & Co]] spin-off [[Organon International]] leased {{convert|110,000|sqft|m2|abbr=on}} of office space and locate its headquarters at the [[30 Hudson Street|Goldman Sachs Tower]] via [[WeWork]].<ref>{{cite web |first=Daniel |last=Geiger |title=WeWork Leases 110,000 Square Feet at 30 Hudson Street for Organon |date=2020-07-13 |url=https://www.businessinsider.com/wework-leases-110000-square-feet-at-30-hudson-street-merck-2020-7|work=Businessinsider.com|access-date=2022-02-28}}</ref> In 2021, the [[Liberty Science Center]] broke ground on SciTech Scity, a {{convert|30|acre|km2}} campus across the street from the science center that will serve as a hub for life sciences, health care and technology. The $450 million campus will include Edge Works, an eight-story facility that will feature laboratories, [[research and development]] spaces, office suites, co-working spaces for startups, a tech exhibition hall and a state-of-the-art conference center. [[Sheba Medical Center]] is an anchor tenant and will develop a "hospital of the future" simulation space that will be known as "Liberty Science ARC HealthSpace 2030". Additionally, the campus will include Liberty Science Center High School, a new [[Science, technology, engineering, and mathematics|STEM]] public high school that will be administered by the [[Hudson County Schools of Technology]] and Scholars Village, a 500-unit residential project that will marketed toward families and individuals in tech related industries.<ref>{{cite web|url=https://re-nj.com/eda-to-invest-20-million-partner-in-development-of-jersey-city-science-and-tech-hub/|title=State to invest $20 million, partner in development of Jersey City science and tech hub|publisher=Real Estate NJ|date=November 17, 2023|access-date=January 24, 2025}}</ref><ref>{{cite web|url=https://jerseydigs.com/scholars-village-scitech-scity-jersey-city/|title=Jersey City Approves 500-Unit Scholars Village in SciTech Scity|website=jerseydigs.com|date=July 17, 2023|access-date=January 24, 2025}}</ref> Another life science and innovation hub called "The Cove" was announced in 2022. The {{convert|13|acre|km2}} campus site is near SciTech Scity and will be a mixed-use development with {{convert|1,400,000|sqft|m2|abbr=on}} of life science office and research space, {{convert|1,600,000|sqft|m2|abbr=on}} of residential space and feature a {{convert|3.5|acre|km2}} public waterfront park.<ref>{{cite web|url=https://www.roi-nj.com/2022/02/22/healthcare/cove-in-jersey-city-aims-to-be-n-j-s-next-great-life-science-hub/|title=Cove in Jersey City aims to be N.J.’s next great life science hub|website=roi-nj.com|date=February 22, 2022|access-date=January 26, 2025}}</ref> In 2023, the [[biotechnology]] firm [[EpiBone]], a company that grows bone and cartilage for skeletal reconstruction, announced it would move from [[Brooklyn]] to Jersey City and lease {{convert|28,089|sqft|m2|abbr=on}} of lab space at 95 Greene Street, a purpose built life science facility at [[Exchange Place, Jersey City|Exchange Place]].<ref>{{cite web|url=https://re-nj.com/biotech-firm-takes-28000-sq-ft-in-jersey-city-plans-move-from-brooklyn-with-eda-tax-credit/|title=Biotech firm takes 28,000 sq. ft. in Jersey City, plans move from Brooklyn with EDA tax credit|publisher=Real Estate NJ|date=March 9, 2023|access-date=January 24, 2025}}</ref> The following year in 2024, RegenLab USA, which manufactures devices for the production of regenerative [[cell therapy]], announced that they would also move from Brooklyn to Jersey City and lease {{convert|15,792|sqft|m2|abbr=on}} of lab space in the same facility.<ref>{{cite web|url=https://re-nj.com/life-sciences-firm-moving-to-jersey-city-from-brooklyn-inking-lease-at-thors-95-greene/|title=Life sciences firm moving to Jersey City from Brooklyn, inking lease at Thor's 95 Greene|publisher=Real Estate NJ|date=January 2, 2024|access-date=January 24, 2025}}</ref> In 2024, [[biopharmaceutical]] company Eikon Therapeutics moved into {{convert|36,000|sqft|m2|abbr=on}} of office space at [[Harborside (Jersey City)|Harborside]].<ref name="3 Second St."/> In 2025, [[Artificial intelligence|AI]] and IT company Hexaware Technologies leased the entire the 24th floor of Harborside 5 for their global headquarters.<ref>{{cite web|url=https://jerseydigs.com/hexaware-jersey-city/|title=Tech Company Hexaware Opens Global Business Headquarters in Jersey City|website=jerseydigs.com|date=March 21, 2025|access-date=April 4, 2025}}</ref> ===Sports betting=== Jersey City has quickly grown to be a leader in the sports betting industry and the sports betting epicenter of the United States. [[BetMGM]] and [[Caesars Entertainment|Caesars Sports Book]] have established their headquarters at [[Exchange Place, Jersey City|Exchange Place]] along the Hudson River Waterfront and several other sports book such as [[FanDuel]], [[Draft Kings]] and [[Fanatics, Inc.|Fanatics]] have offices in Jersey City. FanDuel expanded their operations with a new {{convert|12000|sqft|m2}} office at Newport in 2025.<ref>{{cite web|url=https://re-nj.com/fanduel-unveils-new-12000-sq-ft-office-in-jersey-citys-newport-section/|title=FanDuel unveils new 12,000 sq. ft. office in Jersey City’s Newport section|website=re-nj.com|date=March 3, 2025|access-date=March 4, 2025}}</ref> With New Jersey having a long history of [[Gambling in New Jersey|legalized gambling]] and also being a hub for tech employees, Jersey City has become an extension of the gaming industry in [[Atlantic City]].<ref>{{cite web|url=https://www.roi-nj.com/2025/01/15/lifestyle/garden-state-parlay-betting-friendly-regulators-legislators-and-abundance-of-high-tech-talent-made-jersey-city-perfect-home-for-betmgm-and-made-n-j-the-center-of-the-booming-sports-betting/|title=Garden state parlay: Betting-friendly regulators/legislators and abundance of high-tech talent made Jersey City perfect home for BetMGM — and made N.J. the center of the booming sports betting industry|website=roi-nj.com|date=January 15, 2025|access-date=January 25, 2025}}</ref> ===Retail=== [[File:Journal Square Jersey City November 2021 004.jpg|thumb|240px|The Journal Square district in 2021]] [[File:9.28.06NewportMallByLuigiNovi3.jpg|thumb|Newport Centre Mall in 2006]] Jersey City has several shopping districts, some of which are traditional [[main street]]s for their respective neighborhoods, such as [[Central Avenue (Hudson County)|Central]], [[Danforth Avenue (Hudson County)|Danforth]], Newark and [[West Side, Jersey City|West Side]] Avenues. Lower Newark Avenue in [[Downtown Jersey City]] was converted to a permanent three-block long pedestrian plaza in 2022 becoming a hub for the city's dining, nightlife and cultural arts scene.<ref>{{cite web|url=https://www.roi-nj.com/2022/07/12/real_estate/7m-transformation-of-pedestrian-plaza-in-jersey-city-celebrated-as-permanent-community-hub-and-economic-driver/|title=$7M transformation of pedestrian plaza in Jersey City celebrated as permanent community hub and economic driver|website=roi-nj.com|date=July 12, 2022|access-date=February 26, 2025}}</ref> [[Journal Square]] is a major historic commercial and central business district that includes neighborhoods in the broader area such as [[Bergen Square]], [[McGinley Square]], [[India Square]], the [[Five Corners, Jersey City|Five Corners]] and portions of the [[Marion Section]]. Jersey City has two malls, [[Newport Centre Mall]], a regional indoor [[shopping mall]] in Downtown Jersey City, and [[List of shopping malls in New Jersey|Hudson Mall]], a "non traditional" indoor shopping mall on the city's West Side.<ref name="shop districts"/> Portions of the city are part of an [[Urban Enterprise Zone]] (UEZ). Jersey City was selected in 1983 to be part of the initial group of 10 zones chosen to participate in the program.<ref>[https://www.state.nj.us/dca/affiliates/uez/publications/pdf/tax_q&a_052709.pdf ''Urban Enterprise Zone Tax Questions and Answers''], [[New Jersey Department of Community Affairs]], May 2009. Accessed October 28, 2019. "The Urban Enterprise Zone Program (UEZ) was enacted in 1983. It authorized the designation of ten zones by the New Jersey Urban Enterprise Zone Authority: Camden, Newark, Bridgeton, Trenton, Plainfield, Elizabeth, Jersey City, Kearny, Orange and Millville/Vineland (joint zone)."</ref> In addition to other benefits to encourage employment and investment within the Zone, shoppers can take advantage of a reduced 3.3125% [[sales tax]] rate (half of the 6.625% rate charged statewide) at eligible merchants.<ref>[https://www.nj.gov/dca/affiliates/uez/about/ Urban Enterprise Zone Program], [[New Jersey Department of Community Affairs]]. Accessed October 27, 2019. "Businesses participating in the UEZ Program can charge half the standard sales tax rate on certain purchases, currently 3.3125% effective 1/1/2018"</ref> Established in November 1992, the city's Urban Enterprise Zone status expires in November 2023.<ref>[https://www.nj.gov/dca/affiliates/uez/publications/pdf/ZONE%20EXPIRATION%20DATES%20-%202018.pdf Urban Enterprise Zone Effective and Expiration Dates], [[New Jersey Department of Community Affairs]]. Accessed January 8, 2018.</ref> Jersey City is the state's largest and most productive Urban Enterprise Zone encompassing one-third of the city.<ref>[http://www.jcedc.org/Pages/uez.html Urban Enterprise Zone] {{Webarchive|url=https://web.archive.org/web/20171024143429/http://www.jcedc.org/Pages/uez.html |date=October 24, 2017 }}, Jersey City Economic Development Corporation. Accessed January 9, 2018. "One-third of Jersey City is designated as Urban Enterprise Zone. The Jersey City Urban Enterprise Zone is the largest and most productive UEZ in New Jersey."</ref><ref>[http://www.jcedc.org/Pages/UEZ%202011%20change.pdf Jersey City, New Jersey Urban Enterprise Zone Boundary Changes for 2011] {{Webarchive|url=https://web.archive.org/web/20151004145700/http://www.jcedc.org/Pages/UEZ%202011%20change.pdf |date=October 4, 2015 }}, Jersey City Economic Development Corporation, May 2011. Accessed January 9, 2018.</ref> ===E-commerce and distribution=== In 2013, Imperial Dade opened its {{convert|535000|sqft|m2}} distribution center and headquarters on [[U.S. Route 1/9 Truck]] in the [[Marion Section|Marion]] neighborhood on the city's West Side.<ref>{{cite web|url=https://www.nj.com/hudson/2014/09/imperial_bag_and_paper_company_opens_cavernous_jersey_city_facility.html|title=Imperial Bag and Paper opens massive Jersey City distribution facility|publisher=The Jersey Journal|date=September 19, 2014|access-date=March 4, 2025}}</ref> East Coast Warehouse and Distribution expanded its warehouse operations by {{convert|200000|sqft|m2}} in 2017.<ref>{{cite web|url=https://eastcoastwarehouse.com/east-coast-warehouse-expands-jersey-city-facility/|title=East Coast Warehouse Expands its Jersey City Facility|publisher=East Coast Warehouse|date=December 18, 2017|access-date=March 4, 2025}}</ref> [[Goya Foods]], which had been headquartered in adjacent [[Secaucus]], opened a new headquarters including a {{convert|600000|sqft|adj=on}} [[warehouse]] and distribution center in Jersey City in April 2015.<ref name=GoyaHQ>Morley, Hugh R. [https://web.archive.org/web/20150721150737/http://www.northjersey.com/news/business/goya-foods-opens-new-hq-warehosue-in-jersey-city-1.1321520 "Goya Foods opens new HQ-warehouse in Jersey City"], ''[[The Record (North Jersey)|The Record]]'', April 29, 2015, backed up by the [[Internet Archive]] as of July 21, 2015. Accessed November 13, 2019. "The state-of-the-art facility in Jersey City, which includes a 600,000-square-foot warehouse along with the headquarters, is the largest piece of what the company – generally considered to be the largest Hispanic-owned food company in the nation – says is a more than $500 million investment that will help Goya expand for years to come."</ref> In 2019, [[Nuts.com]] moved its headquarters to {{convert|25,000|sqft|m2|abbr=on}} of office space at Exchange Place in Jersey City.<ref>{{cite web|url=https://www.roi-nj.com/2019/04/25/industry/nuts-coms-not-so-nutty-plan-family-owned-e-commerce-food-firm-aims-to-build-next-helping-of-talent/|title=E-commerce food firm Nuts.com aims to build next helping of talent|website=roi-nj.com|date=April 25, 2019|access-date=January 26, 2025}}</ref> In 2024, [[CVS Health]] leased {{convert|427000|sqft|m2}} of space at the newly constructed {{convert|86|acre|km2}} HRP Hudson Logistics Park in the [[Croxton, Jersey City|Croxton]] section of Jersey City.<ref>{{cite web|url=https://re-nj.com/cvs-takes-427000-sq-ft-at-new-86-acre-logistics-park-in-jersey-city/|title=CVS takes 427,000 sq. ft. at new 86-acre logistics park in Jersey City|website=re-nj.com|date=January 31, 2024|access-date=March 4, 2025}}</ref> ===Port Jersey=== [[Port Jersey]] is an [[intermodal freight transport]] facility that includes a [[containerization|container terminal]] located on the [[Upper New York Bay]] in the [[Port of New York and New Jersey]]. The municipal border of the [[Hudson County, New Jersey|Hudson County]] cities of Jersey City and [[Bayonne, New Jersey|Bayonne]] runs along the long pier extending into the bay. The north end of the facility houses the [[Greenville Yard]], a rail yard located on a manmade peninsula that was built in the early 1900s by the [[Pennsylvania Railroad]].<ref>{{Cite web|url=http://trainweb.org/AbandonedLIRR/NYCH.htm|archive-url=https://web.archive.org/web/20070929104637/http://trainweb.org/AbandonedLIRR/NYCH.htm|url-status=dead|archive-date=2007-09-29|title=New York Cross Harbor Railroad|date=September 29, 2007|website=trainweb.org}}</ref><ref>{{Cite web|url=http://www.nan.usace.army.mil/project/newjers/factsh/pdf/portjers.pdf|archive-url=https://web.archive.org/web/20041019014108/http://www.nan.usace.army.mil/project/newjers/factsh/pdf/portjers.pdf|url-status=dead|archive-date=2004-10-19|title=US Army Corps of Engineers}}</ref> [[New York New Jersey Rail]] is a [[switching and terminal railroad]] headquartered in Greenville Yard that operates the only [[car float]] in [[New York Harbor]] between Jersey City and [[Brooklyn]]. Operations were expanded in 2017 with a new barge, ''NYNJR100,'' that features four tracks that can carry up to 18 rail cars of {{convert|60|ft|m|adj=on}} length, with up to 2,298 long tons (2,335 tonne) of cargo.<ref>{{cite web | last=Moore | first=Kirk | title=Metal Trades delivers New York rail float barge | website=WorkBoat | date=November 10, 2017 | url=https://www.workboat.com/news/shipbuilding/metal-trades-delivers-new-york-rail-float-barge/ | access-date=March 4, 2025}}</ref> A second barge of the same capacity, ''NYNJR200,'' was delivered in 2018 with an older 14-car barge, the ''278,'' still in service.<ref name=workboat119>{{cite news | last=Moore | first=Kirk | title=Metal Trades delivers second rail barge to New York | website=WorkBoat | date=January 16, 2019 | url=https://www.workboat.com/news/shipbuilding/metal-trades-delivers-second-rail-barge-to-new-york// | access-date=March 4, 2025}}</ref> In 2019, the $600 million expansion was completed with the construction of an [[ExpressRail#ExpressRail Port Jersey|Express Rail]] facility that features {{convert|9,600|ft|m|abbr=on}} of track over eight tracks serviced by two rail mounted [[gantry cranes]] with a yearly capacity of 250,000 container lifts. The central area of the facility contains Port Liberty Bayonne, a major [[Panamax|post-panamax]] shipping facility operated by [[CMA CGM]] that underwent a major expansion in June 2014.<ref>Conte, Michaelangelo. [http://www.nj.com/jjournal-news/index.ssf/2014/06/global_container_unveils_its_j.html "Global Container Terminals in Jersey City unveils $325M expansion project"], ''[[The Jersey Journal]]'', June 19, 2014. Accessed November 13, 2019. "Global Container Terminals in Jersey City held a grand opening yesterday for the completion of a $325 million expansion project which officials say will increase safety, efficiency, environmental friendliness and double the number of containers passing through the terminal."</ref><ref>Sullivan, Al. [https://archive.hudsonreporter.com/2014/06/22/jc-hosts-high-tech-container-port/ "JC hosts high tech container port; Global unveils most modern facility in the nation"], ''[[Hudson Reporter]]'', June 22, 2014. Accessed November 13, 2019.</ref> The largest ship ever to call at the Port of New York-New Jersey, the MOL Benefactor, docked at Port Jersey in July 2016 after sailing from China through the newly widened Panama Canal.<ref>Berger, Paul. [https://web.archive.org/web/20160710143618/http://www.northjersey.com/news/mega-ship-s-arrival-in-bayonne-a-sign-of-the-future-1.1628020 "Mega-ship's arrival in Bayonne a sign of the future"], ''[[The Record (North Jersey)|The Record]]'', July 8, 2016, backed up by the [[Internet Archive]] as of July 10, 2016. Accessed November 13, 2019. "The largest ship ever to call at the Port of New York and New Jersey docked this week after sailing from China through the newly widened Panama Canal. The arrival of the MOL Benefactor at Bayonne's Global Container Terminals marks the beginning of what promises to be a succession of progressively larger ships calling at the busiest port on the East Coast."</ref> In 2024, Port Jersey received four new [[Panamax|super post panamax]] cranes capable of serving 24,000 [[twenty-foot equivalent unit]] (TEU) vessels raising the number of cranes at the port from eight to twelve. Additionally, work is ongoing to create a third berth for vessels with a depth of {{convert|55|ft|m}}.<ref name=Cranes>{{cite web|url=https://www.worldcargonews.com/news/2024/10/four-sts-cranes-for-port-liberty-bayonne/?freebie=e14894c2f3f143ae12aec5c847f98c57|title=Four STS cranes for Port Liberty Bayonne|website=worldcargonews.com|date=October 22, 2024|access-date=March 4, 2025}}</ref> ===Other=== In 2014, the apparel and foot ware company, [[VF Corporation]], moved 145 workers from Manhattan to {{convert|42,000|sqft|m2|abbr=on}} of office space in Newport.<ref>{{cite web|url=https://www.nj.com/hudson/2014/04/company_behind_nautica_timberland_opens_office_in_jersey_city.html|title=Company behind Nautica, Timberland opens office in Jersey City|publisher=The Jersey Journal|date=April 28, 2014|access-date=January 26, 2025}}</ref> In 2022, the [[sports memorabilia]] company, Collectors Holdings, owned by [[New York Mets]] owner [[Steve Cohen (businessman)|Steve Cohen]], leased {{convert|130,000|sqft|m2|abbr=on}} of space for its authentication and grading services at [[Harborside (Jersey City)|Harborside 3]] along the Hudson River Waterfront.<ref>{{cite web|url=https://www.roi-nj.com/2022/02/24/real_estate/collectors-holdings-takes-130000-sq-ft-at-harborside-3-in-jersey-city/|title=Collectors Holdings takes 130,000 sq. ft. at Harborside 3 in Jersey City|website=roi-nj.com|date=January 24, 2022|access-date=January 26, 2025}}</ref> In 2025, electronics company [[Casio|Casio America Inc.]] leased {{convert|13,647|sqft|m2|abbr=on}} at Harborside 5 for their new sales and marketing headquarters.<ref>{{cite web|url=https://re-nj.com/casio-leases-35000-sq-ft-in-jersey-city-rockaway-office-deals-in-new-real-estate-strategy/|title=Casio leases 35,000 sq. ft. in Jersey City, Rockaway office deals in new real estate strategy|website=re-nj.com|date=March 28, 2025|access-date=April 4, 2025}}</ref> In 2014, Paul Fireman proposed a 95-story tower for Jersey City that would have included a casino next to [[Liberty National Golf Club]]. The project, which was endorsed by Mayor Steven Fulop, would cost an estimated $4.6 billion (~${{Format price|{{Inflation|index=US-GDP|value=4600000000|start_year=2014}}}} in {{Inflation/year|US-GDP}}).<ref>Bagli, Charles V. [https://www.nytimes.com/2014/07/10/nyregion/reebok-founder-proposes-95-story-tower-with-casino-for-jersey-city.html "Reebok Founder Proposes 95-Story Tower With Casino for Jersey City"], ''[[The New York Times]]'', July 10, 2014. Accessed June 1, 2015. "Mr. Fireman, the founder and former chairman of Reebok International, is proposing a $4.6 billion project, including a 95-story skyscraper, adjoining his 160-acre golf course on the Hudson River, at the south end of Jersey City."</ref> In February 2014, New Jersey State Senate President Stephen Sweeney argued that Jersey City, among other distressed cities, could benefit from a casino—were construction of one outside of Atlantic City eventually permitted by New Jersey.<ref>{{cite news |agency=Associated Press |title=Sweeney Floats Idea of Casinos in Newark, Camden or Jersey City |publisher=NJ.com (powered by Independent Press) |date=February 7, 2014 |url=http://www.nj.com/politics/index.ssf/2014/02/sweeney_floats_idea_of_casinos_in_newark_camden_or_jersey_city.html}}</ref> In 2016, the [[New Jersey Casino Expansion Amendment (2016)]] ballot question was put before New Jersey voters asking them if they would allow the expansion of casino gambling outside Atlantic City via a constitutional amendment. Voters rejected the ballot question by a margin of 77% to 23% effectively ending the casino proposal.
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