EDA vote could mean 1,900 new jobs in Jersey City
May 16, 2014 | 986 views | 0 0 comments | 21 21 recommendations | email to a friend | print
JERSEY CITY -- In a vote that could bring even more jobs to Jersey City, the state the Economic Development Authority voted to approve incentives for Jersey City-based projects involving JP Morgan Chase and RBC Capital Markets.

JP Morgan has significant office space in Jersey City and several other locations in New Jersey. It is considering bringing everything under one roof in Jersey City. This would retain more than 2,600 jobs and create an additional 1,000 jobs.

The EDA also voted to approve a $7.8 million award to RBC, a financial firm that is considering renovating space in the Goldman Sachs Tower that could bring as many as 900 jobs to Jersey City.

“This announcement from the EDA that JP Morgan and RBC -- two major financial firms -- will bring thousands of new jobs and...is a huge win for Jersey City and New Jersey as we continue to attract development, investment and employment opportunities,” said Mayor Steven M. Fulop. “Jersey City is leading the state economy in terms of job creation and is the driving force in lifting New Jersey out of the recession. We will continue to work with the state to promote the benefits of locating a business in Jersey City, where we have a diverse community, a highly-skilled and highly-educated workforce, lower operating costs, and an excellent mass transit system.” -- By Al Sullivan

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