JERSEY CITY – Forbes is reported to be moving into its new digs in downtown Jersey City next week.
Forbes Media announced last January it would move to Jersey City after receiving a $27.1 million grant from the New Jersey Economic Development Agency program, “Grow New Jersey.” Forbes will move out of its historic Greenwich Village facility to a building at 499 Washington Boulevard. The company estimates that this will bring about 350 jobs with a median wage of $80,000 to Jersey City.
“The Forbes announcement bringing 350 jobs to our city, on the very same day we broke ground for the tallest residential tower in the history of New Jersey, speaks to the great things happening in Jersey City and helps toward our goal to lead the state in private and construction job creation,” said Mayor Steven Fulop.
The new space in Jersey City will have 93,000 square feet in a 14 story building constructed in 2000.
The grant will span ten years and the state estimates the positive impact on the local economy at about $72 million over 20 years.
Forbes is the publisher of a magazine best known for its lists of the world’s richest people.
Forbes to move into Jersey City next week
