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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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The new law builds on Christie’s commitment to revitalizing New Jersey’s cities. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

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LOCATION FOCUS: United It Stands

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New York State’s 54,556 square mile geography is divided into 10 economic regions (according to Empire State Development)—Western New York, Finger Lakes, Southern Tier, Central New York, North Country, Mohawk Valley, Mid-Hudson, Capital District, New York City and Long Island.

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New York Incentives and Workforce Development Guide

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World Trade Center Job Creation & Retention Program (JCRP): Encourages companies to commit to creating a minimum of 75 new jobs, or retaining at least 200 jobs, in Lower Manhattan. Loans may be up to 60% for projects located in Empire Zones or economically distressed area. Looking to navigate New York City?

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New York Incentives and Workforce Development Guide

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For a list of New York economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. FINANCING & GRANTS. Typical financing structure: 50% Bank Loan. Eligibility. Funds to make Loans are derived from the sale of State-guaranteed bonds.In 40% JDA Loan.

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FEATURE STORY: Logistics Clusters Are Jobs Magnets

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These include transportation carriers of all kinds, as well as warehousing, distribution, third-party logistics services, manufacturers’ operations, retailers and distributers who may have their own distribution centers. The Corridor offers export assistance and Foreign Trade Zones.

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Advanced Manufacturing Industry: Dynamic Advancements

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Situated in Upstate New York, Oswego County is located centrally to New York City, Boston, Philadelphia, Cleveland, Toronto and Montreal. As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. and New York City.

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Logistics: No Drivers Needed

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This is a definite asset for companies when it comes to finances and safety. The REMC meets regularly with Hoosier Energy for load forecasting to plan for the growing community that currently has 2 million square feet of new industrial, warehousing and distribution space available for relocating and expanding businesses.