Jersey City, New Jersey although it is actually considered part of the New York metropolitan area. The city is situated between the Newark Bay and the Upper New York Bay, the Hudson River and the Hackensack River. Jersey City is the seat of Hudson County within New Jersey. According to the 2010 Census, the population of Jersey City was about 247,600. It ranked as the state's second largest city.
Jersey City is an important transportation station serving as a port of entry with significant rail connections and 18km or 11 miles of waterfront. The city likewise serves as a manufacturing and distribution hub for the main New Jersey ports and the Port of New York. Jersey City has grown to become amongst the largest downtown areas within the US since some service companies have played an important role in the sea front real estate redevelopment.
The area that comprises Jersey City was initially explored during 1609 by Henry Hudson, an English navigator who was financed by the Dutch East India Company. During 1630, a permanent settlement was pioneered there by an agent of the Dutch West India Company known as Michael Pauw. Even today, Jersey City maintains its early influence with an abundance of Dutch street names all over the city.
The first name of the area went by the Paulus Hook, which was a name which came from Michael Paulusen. He served as amongst New Jersey's early governors. The city was first incorporated as Jersey City in the year 1820. At that time it was still part of the township referred to as Bergen. In 1838, it was reincorporated and during that time, the city became independent and given its current name of Jersey City. The population grew immensely between the years 1860 and 1870, more than four times. The economic strength of the region was due to the consolidation of various municipalities into Jersey City in addition to the emerging factories.
During the year 1916, a major event occurred when German saboteurs exploded railway cars loaded with ammunition into the Black Tom Island of the city. These explosions caused loss of property estimated in the millions. Jersey City had attained a healthy level of prosperity ever since it provided an excellent option for those companies looking to escape the exorbitant business costs connected with New York City.
The city boasts lots of shopping districts, that consist of numerous stores along the conventional main streets. There are likewise many stores located in the areas of West Side, Central and Danforth avenues. The major commercial district is considered to be Journal Square and the regional shopping area is Newport Mall. In these locations, employment is encouraged within the Zone and shoppers could take advantage of a reduced tax rate. Like for instance, in the Zone, the sales tax is lessened to 3.5% as opposed to the usual 7% which is the standard charged across New Jersey state.
There are some company head office in Jersey City like for instance Lord Abbett, a privately held money management company, and Verisk Analytics. Other companies have operations in the city like Computershare, ADP, Fidelity Investments and ICAP, in addition to others.