# PATERSON

Paterson, New Jersey is the third largest city in the state, with a population of 140,900 and is located along the Passaic River in Passaic County, New Jersey. Founded by Alexander Hamilton in 1792, Paterson was the nation's first planned industrial city. Today it contains a vibrant mix of shopping, housing and employment. Paterson, also has the unique opportunity to grow and generate economic activity by focusing on its history and ethnic diversity.

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BENEFITS

- Loan Packaging Providing creative financing with Federal, State and Private funding for low interest, long term loans
- TAX EXEMPTIONS ON CAPITAL IMPROVEMENTS
- Business Assistance Specialist for "One Stop" Business Assistance to Cut through Red Tape
- Counciling and Educational Services - Channeling referrals and offering, seminars and conferences at little or no cost

RETAIL, OFFICE AND INDUSTRIAL PROPERTIES ARE AVAILABLE!!! For information regarding these properties, contact: Mr. Arthur Hollaway, Relocation Specialist Division of Economic Development (201) 279-5980

#### FEATURES...
LOCATION..LOCATION..
LOCATION..

Paterson's proximity to New York and its position astride the major highways of northern New Jersey make it an excellent location for companies that conduct business in the metropolitan New York area. Easy access on and off Route 80 to the downtown shopping area make Paterson an excellent retail location.

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STATISTICS

- Paterson covers 8.3 square miles, with the URBAN ENTERPRISE ZONE encompassing 30.4%
- By ethnic categorization, the city is 24.5% white, 40.9% Hispanic and 32.7% black
- Paterson has 43,946 households with a median family income of $30,145.00
- Total civilian labor force is 70,312

### AMENITIES

Rich in history, Paterson is home to the Great Falls, the second largest waterfalls on the East Coast, and the "Great Falls National Historic District." Located in the District is the Paterson Museum. Housed in the museum is a permanent industrial exhibit and curated art exhibitions
The city also has two farmers' markets and merchants offering a diverse array of delicacies.

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TOP EMPLOYERS

- ST. JOSEPH'S HOSPITAL AND MEDICAL CENTER
- BARNERT HOSPITAL
- ACCURATE BOX
- THERMWELL INDUSTRIES
- A.J. SIRIS PRODUCTS

WILLIAM J. PASCRELL, JR., MAYOR

### CONTACTS
CITY OF PATERSON
ECONOMIC DEVELOPMENT DIVISION

TELEPHONE: (201) 279-5980
Betty Shabazz, Director
Gary Melchiano, Assistant Director
Roberta Farber, Urban Enterprise Zone Coordinator
Carmen Ortiz, Small Business Loan Officer
Arthur Hollaway, Real Estate - Relocation

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