LABOR FORCE & EMPLOYMENT UNEMPLOYMENT RATE CURRENT CIVILIAN LABOR FORCE 241,600 8.0% TOTAL EMPLOYED PER CAPITA PERSONAL INCOME 222,300 HISTORY 1791: City of Paterson established as first planned industrial city in America, taking advantage of power generated by the Great Falls of the Passaic River 1792: Alexander Hamilton forms the Society of Useful Manufacturers 1800’s: Silk production becomes the dominant industry in the county 1837: Passaic County established from portions of Bergen and Essex County 1855: William Paterson Univ. founded 1892: Lambert Castle completed, as home for a self-made silk magnate 2009: Paterson Great Falls National Historical Park created CURRENT POPULATION: 502,885 PROJECTED EMPLOYMENT GROWTH (2010-2020) Passaic NJ 5.5 % Paterson* (145,219) Clifton (84,722 Passaic (70,218) Wayne Twp (54,813) West Milford (25,850) TAX INFORMATION Corporate Income Tax = 9% Personal Income = 8.97% (max) Sales Tax = 7% Property Tax = $2,671 per capita (State avg.) Avg. Residential Property Tax Bill in County = $9,184 $26,615 $36K NJ $28K US MAJOR PRIVATE SECTOR EMPLOYERS Industry Employment St. Joseph’s Hospital Scher Chemicals Inc. GAF Materials Corp ITT Corporation Toys R Us William Paterson Univ. of NJ BAE Systems Bank of New York Passaic Community College CYTEC Industries Gen Med/Surgical Hospital Industrial Asphalt Felts/Coatings Search/Navigation Equipment Consumer Education Electronics Systems Financial Education Chemicals 2,500-4,999 2,500-4,999 1,000-2,499 1,000-2,499 1,000-2,499 1,000-2,499 500-999 500-999 500-999 250-499 LARGEST EMPLOYMENT SECTORS (TOP 5) Rank 1 2 3 4 5 Sector Education & Healthcare Services Trade, Transportation & Utilities Manufacturing Professional & Business Services Leisure & Hospitality Passaic 23% 22% 13% 11% 8% NJ 23% 20% 9% 13% 8% U.S. 23% 19% 10% 11% 9% NJ 17% 11% 8% 4% 7% U.S. 16% 11% 6% 7% 7% LARGEST OCCUPATIONS (TOP 5) Rank 1 2 3 4 5 Occupation Office & Admin Support Sales & Related Education, Training & Library Production Transportation and Material Moving Passaic 17% 12% 8% 7% 7% FASTEST GROWING EMPLOYMENT SECTORS – 2010-2020 Rank 1 2 3 4 5 Sector Education and Health Services Professional and Business Services Trade, Transportation, and Utilities Construction Leisure and Hospitality ETHNICITY/DIVERSITY New Employment 3,450 3,250 2,950 1,600 900 AGE MEDIAN AGE 36 35% 46% 28% 36% 11% White Hispanic *county seat 7.1% NJ 767% US Company 7.7% LARGEST MUNICIPALITIES 2010 PASSAIC COUNTY, NEW JERSEY OVERVIEW Black 25% 12% 5% 2% Asian Other Under 25 25-44 45-64 65+ http://www.choosenj.com/nj-county-profiles.aspx PASSAIC COUNTY LABOR FORCE & EMPLOYMENT cont’d TRANSPORTATION/MOBILTY EDUCATION ATTAINMENT AVG COMMUTE TIME (MINS) 27 Less Than H.S. 8% 18% CARPOOL H.S. Diploma 16% 2 Yr. Degree 36% 16% USE PUBLIC TRANSIT 4 Yr. Degree > 4 Yrs of College LARGEST SCHOOL DISTRICTS Total Enrollment Paterson City Passaic City Clifton City Wayne Twp West Milford Twp Average Combined SAT score (US :1498) 23932 13136 10992 8560 3782 1219 1224 1416 1605 1483 INSTITUTES OF HIGHER EDUCATION ENROLLMENT Institute Type Under graduate Graduate Montclair State William Paterson Univ of NJ Passaic County CC Berkeley College 4 Yr 4 Yr 2 Yr 4 Yr 14,590 10,085 10,012 3,363 3,908 1,433 NA NA VOCATIONAL SCHOOLS Institute Passaic County Technical Institute Enrollment 247 1 9.2% Some College 5% 30 NJ 25 US AVAIL. TRANSPORTATION SYSTEMS Commuter Rail Lines (Main Line) 8.9% 3 MILES OF PUBLIC ROADS (STATEWIDE) (MILLIONS) MILEAGE TO NEAREST AIRPORTS 130 Within a day’s drive ABOUT NEWARK INT’L AIRPORT To Newark Int’l Airport 14th busiest in US (38th worldwide) 35.0 million passengers (2013) United Airlines hub To LaGuardia Airport ABOUT LAGUARDIA AIRPORT 20th busiest in US 26.7 million passengers (2013) Serves US and Canada destinations ABOUT JFK INT’L AIRPORT To JFK Int’l Airport #17 busiest worldwide 50.4 million passengers (2013) Leading airfreight gateway to US (value of shipments) ABOUT PORT OF NY/NJ MILEAGE TO NEAREST PORT 15 Light Rail Lines (statewide) ACCESS TO CONSUMERS 38,000 18 22 31 Bus Routes (statewide) Busiest port on East Coast 3rd Busiest port in the US Handled 5.5 million 20 ft equiv units (2012) Value of cargo through port exceeds $210 Billion (2012) To Port of NY/NJ 3,228 COST OF DOING BUSINESS 2012 AVG. WAGES UTILITIES Type of Utility Primary Utility Providers Gas Electric Water/Sewer PSE&G PSE&G; Rockland Electric; JCP&L Passaic Valley Water; New Jersey American Water KEY RESOURCES & CONTACTS TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER EconDev@choosenj.com 609-297-2200 www.ChooseNJ.com Occupation Bus. & Fin. Operations Food Prep & Serving Related Healthcare Practitioners Install, Maint, & Repair Management Office & Admin Support Production Protective Services Sales & Related Trnsp and Material Moving Passaic $90,460 $25,090 $88,460 $51,580 $149,240 $40,300 $35,530 $52,230 $57,780 $40,960 NJ $75,330 $23,340 $84,800 $50,210 $132,420 $37,400 $35,650 $55,390 $43,810 $33,230 SOURCES: NJ Department of Labor & US Bureau of Labor Statistics; US Census Bureau, American Community Survey; NJ Monthly Magazine; NJ State Department of Education; Board of Public Utilities; Tax Foundation; Infoplease.com; Travelmath; Hoovers; Institute for Energy Research; Data current as of September 2013 http://www.choosenj.com/nj-county-profiles.aspx