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Wall Street West is a name used by real estate developers , city officials , and news media in the United States to call particular streets or places west of Manhattan , New York City that have a high concentration of Wall Street financial companies or a major exchange . The most notable for that is along the Hudson River waterfront of Jersey City , New Jersey . By the early 2020s, the construction of residential skyscrapers downtown made median rental rates in Jersey City among the highest of any city in the United States.

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91-523: The New Jersey State Open Championship is the New Jersey state open golf tournament, open to both amateur and professional golfers. It is organized by the New Jersey State Golf Association . It has been played annually since 1921 at a variety of courses around the state. It was considered a PGA Tour event in the 1920s and 1930s. (a) denotes amateur New Jersey New Jersey

182-414: A bill interpreting the constitution to mean universal white male suffrage , excluding paupers; the constitution was itself an act of the legislature and not enshrined as the modern constitution. On February 15, 1804, New Jersey became the last northern state to abolish new slavery and enacted legislation that slowly phased out existing slavery. This led to a gradual decrease of the slave population. By

273-540: A continuing exodus of business from the downtown core of San Francisco. Significantly high levels of crime and homelessness have become more prominent features of the financial district and neighboring Union Square. Theories advanced range from crime, drugs, and homelessness, to the West Coast's and particularly San Francisco's challenge to remain a relevant commercial and financial center given its relative geographic isolation from other North American commercial centers in

364-525: A different power grid , transportation network and watershed than New York. In 2006, Governor of Pennsylvania, Ed Rendell , announced the creation of "Wall Street West" initiative to attract 20 potential Wall Street firms to move their backup facilities to Northeastern Pennsylvania in nine counties: Northampton, Berks, Monroe, Carbon, Pike, Wayne, Luzerne and Lackawanna. He also pledged to invest in office space construction, infrastructure improvement and installation of fiber optic cable from New York City to

455-595: A era of increasingly ubiquitous e-commerce. For Denver , Colorado, the city started picking up some shares of commercial buildings in the late 19th century. There was a push by the local politicians to transform its Seventeenth Street to become the "Wall Street of Denver" as seen in an 1892 pamphlet in promoting the Equitable Building by the Equitable Life Assurance Society . Other buildings were constructed at other corners of 17th Street such as

546-511: A higher proportion of immigrants. New Jersey is home to roughly half a million undocumented immigrants , comprising an estimated 6.2% of the population, which in 2018 was the fifth-highest percentage of any U.S. state. The municipalities of Camden, Jersey City, and Newark are considered sanctuary cities for illegal immigrants. For further information on various ethnoracial groups and neighborhoods prominently featured within New Jersey, see

637-748: A large and diverse population. New Jersey was among the Thirteen Colonies that supported the American Revolution , hosting several pivotal battles and military commands in the American Revolutionary War . New Jersey remained in the Union during the American Civil War and provided troops, resources, and military leaders in support of the Union Army . After the war, the state emerged as

728-538: A major manufacturing center and a leading destination for immigrants, helping drive the Industrial Revolution in the U.S. New Jersey was the site of many industrial, technological, and commercial innovations . Many prominent Americans associated with New Jersey have proven influential nationally and globally, including in academia, advocacy, business, entertainment, government, military, non-profit leadership, and other fields. New Jersey's central location in

819-417: A major destination for immigrants and is home to one of the world's most multicultural populations . Echoing historical trends, the state has increasingly re-urbanized, with growth in cities outpacing suburbs since 2008. New Jersey is one of the most educated, affluent, healthy, diverse and highly developed states in the U.S., ranking it high in several quality of life metrics. As of 2022, New Jersey had

910-757: A major industry, especially the Sterling Hill Mine . New Jersey prospered through the Roaring Twenties . The first Miss America Pageant was held in 1921 in Atlantic City ; the Holland Tunnel connecting Jersey City to Manhattan opened in 1927; and the first drive-in movie was shown in 1933 in Camden . During the Great Depression of the 1930s, the state offered begging licenses to unemployed residents,

1001-506: A million residents commute daily into the city for work, many via public transportation. The Jersey Shore , along the Atlantic Coast in Central and South Jersey, has its own unique natural, residential, and cultural characteristics owing to its location by the ocean. South Jersey represents the southernmost geographical region of the northeastern United States . The Delaware Valley includes

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1092-733: A motor torpedo boat commanded by Lt. (j.g.) John F. Kennedy in World War II, was built at the Elco Boatworks in Bayonne . The aircraft carrier USS Enterprise (CV-6) was briefly docked at the Military Ocean Terminal in Bayonne in the 1950s before she was sent to Kearney to be scrapped. In 1962, the world's first nuclear-powered cargo ship, the NS Savannah , was launched at Camden. In 1951,

1183-493: A native Philadelphian, had New Jersey ties and formally resided in New Jersey at the time; he later became Governor of New Jersey (1878–81). (In New Jersey, the factions of the Democratic party managed an effective coalition in 1860.) During the American Civil War , the state was led first by Republican governor Charles Smith Olden , then by Democrat Joel Parker . During the course of the war, between 65,000 and 80,000 soldiers from

1274-535: A new 20-story building in the Exchange Place area . The new Harborside Financial Center was built with anticipation of more relocations. Daiwa Securities , Royal Bank of Canada , and Chase Manhattan Bank were planning to have their major workforce there. Another major development in Exchange Place started with a plan to redevelop the 34-acre former Colgate-Palmolive soap factory in 1988. The first building

1365-611: A share of financial companies starting in the early part of the 1900s. The new financial buildings were concentrating along South Spring Street. The title of "Wall Street of the West" was used and the Spring Street Financial District was born. The district continued to flourish for many decades until the 1960s when companies started shifting toward the western part of the downtown area. By the early 1980s, partly due to bank mergers and consolidations, many buildings were empty and

1456-549: A state-funded economic development network, worked closely with the Pennsylvania Department of Labor and Industry and Community and Economic Development to develop a proposal for the federal grants through Workforce Innovation in Regional Economic Development (WIRED). The management was later turned to an independent unit called Wall Street West with a 17-member Executive Committee. In June 2007,

1547-699: Is Kitty Ann Mountain in Morris County , rising 892 feet (272 m). The Palisades are a line of steep cliffs on the west side of the Hudson River in Bergen and Hudson Counties . Major New Jersey rivers include the Hudson , Delaware , Raritan , Passaic , Hackensack , Rahway , Musconetcong , Mullica , Rancocas , Manasquan , Maurice , and Toms rivers. Due to New Jersey's peninsular geography, both sunrise and sunset are visible over water from different points on

1638-735: Is a state in both the Mid-Atlantic and Northeastern regions of the United States. It is the most densely populated state and at the center of the Northeast megalopolis . New Jersey is bordered to the northeast by New York state ; on its east, southeast, and south by the Atlantic Ocean ; on its west by the Delaware River and Pennsylvania ; and on its southwest by Delaware Bay and Delaware . At 7,354 square miles (19,050 km ), New Jersey

1729-766: Is now New York Harbor and took control of Fort Amsterdam , annexing the entire province. During the English Civil War , the Channel Island of Jersey remained loyal to the British Crown and gave sanctuary to the King . In the Royal Square in St Helier , Charles II of England was proclaimed King in 1649, following the execution of his father, Charles I . North American lands were divided by Charles II , who gave his brother,

1820-580: Is part of the Pennsylvania-based Lehigh Valley metro area. The 21 counties in New Jersey, listed in order by population (as of the 2020 census) are: For its overall population and nation-leading population density, New Jersey has a relative paucity of classic large cities. This paradox is most pronounced in Bergen County , the state's most populous county, whose 955,732 residents at the 2020 census inhabited 70 municipalities, of which

1911-434: Is the fifth-smallest state in land area , but with close to 9.3 million residents as of the 2020 United States census , it ranks 11th in population . The state capital is Trenton , and the state's most populous city is Newark . New Jersey is the only U.S. state in which every county is deemed urban by the U.S. Census Bureau . New Jersey was first inhabited by Paleo-Indians as early as 13,000 B.C.E. The Lenape were

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2002-454: The 2010 U.S. census , which counted 8,791,894 residents. The state ranked eleventh in the country by total population and first in population density, with 1,185 residents per square mile (458 per km ). Historically, New Jersey has experienced one of the fastest growth rates in the country, with its population increasing by double digits almost every decade until 1980; growth has since slowed but remained relatively robust until recently. In 2022,

2093-406: The 2010 United States census , only four municipalities had over 100,000 residents (although Edison and Woodbridge Township came very close); this number increased to seven by the 2020 census. Residents of New Jersey are most commonly referred to as New Jerseyans or, less commonly, as New Jerseyites. According to the 2020 U.S. census , the state had a population of 9,288,994, a 5.7% increase since

2184-688: The American Civil War 's end, about a dozen African Americans in New Jersey were still held in bondage. New Jersey voters eventually ratified the constitutional amendments banning slavery and granting rights to the United States' black population. Industrialization accelerated in the present-day North Jersey region of the state following completion of the Morris Canal in 1831. The canal allowed for anthracite coal to be transported from eastern Pennsylvania 's Lehigh Valley to North Jersey's growing industries in Paterson , Newark , and Jersey City . In 1844,

2275-607: The American Revolutionary War , British and American armies crossed New Jersey numerous times, and several pivotal battles took place in the state. Because of this, New Jersey today is sometimes referred to as "The Crossroads of the American Revolution". The winter quarters of the Continental Army were established in New Jersey twice by General George Washington in Morristown , which has been called "The Military Capital of

2366-703: The Boston Building in 1890 and the Ideal Cement Building in 1907. By that time, 17th Street had begun to be referred to as the "Wall Street of the West." After the Colorado National Bank (First National Bank) was constructed in 1911, it reaffirmed its central business district's Wall Street status. 17th Street was also called the "Wall Street of the Rockies" at a later time as it attracted other premier financial institutions. Los Angeles also picked up

2457-653: The Cape May County peninsula at the southeastern tip of New Jersey; in doing so, the Jersey Shore became readily accessible to millions of residents in the New York metropolitan area. In 1959, Air Defense Command deployed the CIM-10 Bomarc surface-to-air missile to McGuire Air Force Base . On June 7, 1960, an explosion in a CIM-10 Bomarc missile fuel tank caused an accident and subsequent plutonium contamination. In

2548-451: The Dominion of New England from 1686 to 1689. In 1702, the two provinces were reunited under a royal governor rather than a proprietary one . Edward Hyde , titled Lord Cornbury, became the first governor of the royal colony. Britain believed that he was an ineffective and corrupt ruler, taking bribes and speculating on land. In 1708, he was recalled to England. New Jersey was then ruled by

2639-702: The Dutch in the early 17th century, and their primary relationship with the Dutch and later European settlers was through fur trade . The Dutch were the first Europeans to lay claim to lands in New Jersey. The Dutch colony of New Netherland consisted of parts of the modern Mid-Atlantic states. Although the European principle of land ownership was not recognized by the Lenape , Dutch West India Company policy required its colonists to purchase land that they settled. The first to do so

2730-626: The Embarcadero . In 2012, when the Occupy movement had a protest at the San Francisco's Financial District as a continuation of Occupy San Francisco , the protesters went through the financial district under the banner Occupy Wall Street West giving the shorter name of the financial district than its typical name as Wall Street of the West. However, the COVID-19 pandemic in the United States accelerated

2821-585: The Lenape tribe . Scheyichbi is the Lenape name for the land that represents present-day New Jersey. The Lenape were several autonomous groups that practiced maize agriculture in order to supplement their hunting and gathering in the region surrounding the Delaware River , the lower Hudson River , and western Long Island Sound . The Lenape were divided into matrilineal clans that were based upon common female ancestors. Clans were organized into three distinct phratries identified by their animal sign: Turtle , Turkey , and Wolf . They first encountered

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2912-776: The New Jersey Supreme Court to fund schools equitably, the New Jersey legislature passed an income tax bill in 1976. Prior to this bill, the state had no income tax. In the early part of the 2000s, two light rail systems were opened: the Hudson–Bergen Light Rail in Hudson County and the River Line between Camden and Trenton . The intent of these projects was to encourage transit-oriented development in North Jersey and South Jersey , respectively. The HBLR

3003-583: The New Jersey Turnpike opened, facilitating efficient travel by car and truck between North Jersey and metropolitan New York , and South Jersey and metropolitan Philadelphia . Subsequently, in 1957, the Garden State Parkway was completed, serving as a diagonal counterpart to the Turnpike, and opening up highway travel along New Jersey's coastal flank between Bergen County in the northeast and

3094-604: The North Atlantic Ocean . The pressure of collision between North America and Africa gave rise to the Appalachian Mountains . Around 18,000 years ago, the Ice Age resulted in glaciers that reached New Jersey. As glaciers retreated, they left behind Lake Passaic along with rivers, meadows , swamps, and gorges . Since the 6th millennium BC , Native American people have inhabited New Jersey, beginning with

3185-577: The Philippines . New Jersey is one of the most ethnically diverse states in the United States: as of 2022, over one-fifth (21.5%) of its residents are Hispanic or Latino, 15.3% are Black, and one-tenth are Asian. One in four New Jerseyans were born abroad and more than one million (12.1%) are not fully fluent in English. Compared to the U.S. as a whole, the state is more racially and ethnically diverse and has

3276-782: The Second Continental Congress declared American Independence from Great Britain . It was an act of the Provincial Congress , which made itself into the State Legislature . To reassure neutrals, it provided that it would become the legislature would disband if New Jersey reached reconciliation with Great Britain. Among the 56 Founding Fathers who signed the Declaration of Independence , five were New Jersey representatives: Richard Stockton , John Witherspoon , Francis Hopkinson , John Hart , and Abraham Clark . During

3367-590: The Skylands Region , is more wooded, rural, and mountainous. The chief tree of the northern forests is the oak . The New Jersey Pine Barrens is situated in the southern interior of New Jersey and covered extensively by mixed pine and oak forest; its population density is lower than most of the state. High Point in Montague Township , Sussex County is the state's highest elevation at 1,803 feet (550 m) above sea level. The state's highest prominence

3458-554: The Western United States , the name " Wall Street of the West " has been used in the latter part of the 19th century. Montgomery Street in San Francisco has been known by that nickname to date. Other places were known by that name for a period of time until the industry moved out to other areas. Montgomery Street in San Francisco started its transformation from the street with wood shacks, warehouses and retail stores in

3549-866: The private sector jobs in Jersey City. Within the Financial Service cluster, there are three major sectors: more than 60 percent are in the securities industry ; 20 percent are in banking ; and 8 percent in insurance . After the September 11 attacks, the U.S. Securities and Exchange Commission , the Federal Reserve and the Office of the Comptroller of the Currency recommended that the data backup facilities of Wall Street firms should be moved away from New York City with

3640-485: The "Wall Street West" expanded to include the entire waterfront area from Newport to Exchange Place. After the September 11 attacks , there were renewed interests from financial firms to diversify their workforce to be outside of Manhattan. At the same time, there was an immediate need to find office space for misplaced workers who used to work in the Lower Manhattan area. Office space in Jersey City's waterfront became boom again due to its proximity to Lower Manhattan and

3731-426: The 1850s. By the 1870s, more notable buildings were constructed to replace the old wood shacks and the mud flats . The street continued to develop from that point with financial services companies located in that area. The Montgomery Street has been known as "Wall Street of the West" to date. The Financial District has been expanded to cover the triangular area east of Grant Avenue, south of Washington Street, west of

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3822-453: The 1950s, and by 2020 had rebounded to 311,549. New Jersey is located at the center of the Northeast megalopolis , the most populated American urban agglomeration . It is bordered on the north and northeast by New York (parts of which are across the Hudson River , Upper New York Bay , the Kill Van Kull , Newark Bay , and the Arthur Kill ); on the east by the Atlantic Ocean; on the southwest by Delaware across Delaware Bay ; and on

3913-410: The 1960s, race riots erupted in many of the industrial cities of North Jersey . The first race riots in New Jersey occurred in Jersey City on August 2, 1964. Several others ensued in 1967, in Newark and Plainfield . Other riots followed the assassination of Martin Luther King Jr. in April 1968, just as in the rest of the country. A riot occurred in Camden in 1971. As a result of an order from

4004-412: The 48 states. In addition, Fort Dix (1917) (originally called "Camp Dix"), Camp Merritt (1917), and Camp Kilmer (1941) were all constructed to house and train American soldiers through both World Wars. New Jersey also became a principal location for defense in the Cold War . Fourteen Nike missile stations were constructed for the defense of the New York City and Philadelphia areas. PT-109 ,

4095-452: The American Revolution." On the night of December 25–26, 1776, the Continental Army under George Washington crossed the Delaware River . After the crossing, they surprised and defeated the Hessian troops in the Battle of Trenton . Slightly more than a week after victory at Trenton , Continental Army forces gained an important victory by stopping General Cornwallis's charges at the Second Battle of Trenton . By evading Cornwallis's army,

4186-409: The British column by surprise. When the British army attempted to flank the Americans, the Continental Army retreated in disorder. Their ranks were later reorganized and withstood British charges. In the summer of 1783, the Continental Congress met in Nassau Hall at Princeton University , making Princeton the nation's capital for four months. It was there that the Continental Congress learned of

4277-422: The Census Bureau estimated there were 6,262 fewer residents than in 2020, a decline of 0.3% from 2020, related to the COVID-19 pandemic . New Jersey is the only state where every county is deemed urban as defined by the Census Bureau . Most residents live in the counties surrounding New York City , the nation's largest city, Philadelphia , the nation's sixth-largest city, or along the eastern Jersey Shore ;

4368-453: The Continental Army was able to make a surprise attack on Princeton and successfully defeated the British forces there on January 3, 1777. Emanuel Leutze 's painting of Washington Crossing the Delaware became an icon of the Revolution. Continental Army forces under Washington's command met British forces under General Henry Clinton at the Battle of Monmouth in an indecisive engagement in June 1778. Washington's forces attempted to take

4459-401: The Duke of York (later King James II ), the region between New England and Maryland as a proprietary colony (as opposed to a royal colony ). James then granted land between the Hudson River and the Delaware River (the land that would become New Jersey) to two friends who had remained loyal through the English Civil War : Sir George Carteret and Lord Berkeley of Stratton . The area

4550-491: The Industrial Revolution, having been granted 1,093 patents , many of which for inventions he developed while working in New Jersey. Edison's facilities, first at Menlo Park and then in West Orange , are considered perhaps the first research centers in the United States. Christie Street in Menlo Park was the first thoroughfare in the world to have electric lighting. Transportation was greatly improved as locomotion and steamboats were introduced to New Jersey. Iron mining

4641-695: The Jersey Shore. The state consists of two climate zones; most of the state has a humid subtropical climate (Cfa), while the northwest has a humid continental climate (Dfa). New Jersey receives between 2,400 and 2,800 hours of sunshine annually. Summers are typically hot and humid, with statewide average high temperatures of 82–87 °F (28–31 °C) and lows of 60–69 °F (16–21 °C); however, temperatures exceed 90 °F (32 °C) on average 25 days each summer, exceeding 100 °F (38 °C) in some years. Winters are usually cold, with average high temperatures of 34–43 °F (1–6 °C) and lows of 16 to 28 °F (−9 to −2 °C) for most of

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4732-431: The Northeast megalopolis helped fuel its rapid growth and suburbanization in the second half of the 20th century. Since the beginning of the 21st century, the state's economy has become highly diversified, with major sectors including biotechnology , pharmaceuticals , information technology , finance , and tourism , and it has become an Atlantic seaboard epicenter for logistics and distribution . New Jersey remains

4823-540: The Spring Street showed no sign of its past as one of the financial centers. Fort Worth, Texas was known as the "Wall Street of the West" starting in the early 1900s similarly to Los Angeles's South Spring Street. However, it was not the financial companies that gave Fort Worth Stockyards its Wall Street name, but the livestock trading. In 1902, the Livestock Exchange Building was constructed to house many livestock commission companies, telegraph offices, railroad offices and other support businesses. The business grew to

4914-431: The U.S. National Oceanic and Atmospheric Administration have concluded that New Jersey has been the fastest-warming state by average air temperature over a 100-year period beginning in the early 20th century. The U.S. Census Bureau divides New Jersey's 21 counties into seven metropolitan statistical areas , with 20 counties included in either the New York City or Philadelphia Combined Statistical Area . Warren County

5005-423: The area for many years. As the economy started to recover between 2011 and 2012, large leases started to pick up again, especially in the Newport area with major financial institutions such as Citigroup and Fidelity Investments . Depository Trust and Clearing Corporation also moved the majority of its workforce from Manhattan to Jersey City. Currently, "Wall Street West" employment contributes to one-third of

5096-489: The dominant Indigenous group when Europeans arrived in the early 17th century, and they were subdivived into dialectal groups such as the Munsee, in the north, and the Unami and the Unalachtigo, elsewhere. Dutch and Swedish colonists founded the first European settlements in the state, with the British later seizing control of the region and establishing the Province of New Jersey , named after Jersey . The colony's fertile lands and relative religious tolerance drew

5187-473: The extreme southern and northwestern counties are relatively less dense overall. Since the 2000 census, the United States Census Bureau calculated that New Jersey's center of population was located in East Brunswick . The state is located in the middle of the Northeast megalopolis , which has more than 50 million residents. As of 2019, New Jersey was the third highest U.S. state measured by median household income , behind Maryland and Massachusetts ;

5278-419: The ferry services which were not affected by the attacks. By the end of September 2001, ten of the largest 18 firms from the World Trade Center area including American Express and Deutsche Bank moved some of their operations to Jersey City. Goldman Sachs at the time were planning to move its headquarters to the new building being constructed in Jersey City. The boom since 2001 was short-lived. By 2007,

5369-489: The first ten years of English rule took place along the Hackensack River and Arthur Kill . Settlers came primarily from New York and New England. On March 18, 1673, Berkeley sold his half of the colony to Quakers in England, who settled the Delaware Valley region as a Quaker colony, with William Penn acting as trustee for the lands for a time. New Jersey was governed as two distinct provinces, East and West Jersey , for 28 years between 1674 and 1702, which were part of

5460-458: The following articles: New Jersey is one of the most ethnically and religiously diverse states in the United States. Nearly one-fourth of New Jerseyans (22.7%) were foreign born , compared to the national average of 13.5%. As of 2011, 56.4% of New Jersey's children under the age of one belonged to racial or ethnic minority groups, meaning that they had at least one parent who was not non-Hispanic white. The 2019 Vintage Year Census estimated that

5551-442: The governors of New York, but this infuriated the settlers of New Jersey, who accused these governors of favoritism to New York. Judge Lewis Morris led the case for a separate governor, and was appointed governor by King George II in 1738. New Jersey was one of the Thirteen Colonies that revolted against British rule in the American Revolution . The New Jersey Constitution of 1776 was passed July 2, 1776, just two days before

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5642-418: The highest annual median household income , at $ 96,346, of all 50 states. Almost one-tenth of all households in the state, or over 323,000, are millionaires , the highest representation of millionaires among all states. New Jersey's public school system consistently ranks at or among the top of all U.S. states. In 2024, New Jersey was ranked as having the second-healthiest population overall. New Jersey

5733-436: The highest number of millionaires both per capita and per square mile in the U.S., and the fact that it has the most scientists and engineers per square mile in the world. According to HUD 's 2022 Annual Homeless Assessment Report , there were an estimated 8,752 homeless people in New Jersey. The top countries of origin for New Jersey's immigrants in 2018 were India , Dominican Republic , Mexico , Ecuador , and

5824-435: The initiative received an $ 8 million commitment from Level 3 Communications for a $ 40 million project to build a new fiber optic network from Manhattan to East Stroudsburg with a branched-off network in Warren County in New Jersey. This was to address the shortcoming of direct high-speed communication which was required by Wall Street firms. However, by June 2008, the initiative was unable to attract any Wall Street firm to

5915-419: The most populous is Hackensack , with 46,030 residents. Many urban areas extend far beyond the limits of a single large city, as New Jersey municipalities tend to be geographically small; three of the four largest cities in New Jersey by population have under 20 square miles (52 km ) of land area, and eight of the top ten, including all the top five, have a land area under 30 square miles (78 km ). As of

6006-417: The northeastern United States. Hurricanes and tropical storms , tornadoes , and earthquakes are rare; the state was impacted by a hurricane in 1903 , Tropical Storm Floyd in 1999 , and Hurricane Sandy in 2012 , which made landfall in the state with top winds of 90 mph (145 km/h). Climate change is affecting New Jersey faster than much of the rest of the United States. Climatologists at

6097-468: The northwest of the state, to 7B near Cape May. All-time temperature extremes recorded in New Jersey include 110 °F (43 °C) on July 10, 1936, in Runyon , Middlesex County and −34 °F (−37 °C) on January 5, 1904, in River Vale , Bergen County. Average annual precipitation ranges from 43 to 51 inches (1,100 to 1,300 mm), spread uniformly throughout the year. Average snowfall per winter season ranges from 10–15 inches (25–38 cm) in

6188-443: The region with an exception of one financial services related company. A company which hosted compliance solutions for financial services opened its new data center in the region with 10 job creation. By that time, Level 3 Communications indicated that it would not build the fiber optic link unless more financial services firms commit to locate in the region and buy services from them. Part of the difficulties in attracting more companies

6279-415: The region. The region was chosen as it was still within 125 miles (201 km) from Manhattan which was considered far enough to sustain a major disaster but still within the range of instantaneous data transmission via fiber optics. The first project was Penn Regional Business Center in Monroe County. At the beginning of the initiative, Ben Franklin Technology Partners of Northeast Pennsylvania (BFTP/NEP),

6370-410: The second state constitution was ratified and brought into effect. Counties thereby became districts for the state senate, and some realignment of boundaries (including the creation of Mercer County ) immediately followed. This provision was retained in the 1947 Constitution, but was overturned by the Supreme Court of the United States in 1962, by the decision Baker v. Carr . While the Governorship

6461-464: The signing of the Treaty of Paris , which ended the war. On December 18, 1787, New Jersey became the third state to ratify the United States Constitution , which was overwhelmingly popular in New Jersey since it prevented New York and Pennsylvania from charging tariffs on goods imported from Europe. On November 20, 1789, New Jersey became the first in the newly formed Union to ratify the Bill of Rights . The 1776 New Jersey State Constitution gave

6552-494: The south and near the seacoast, 15–30 inches (38–76 cm) in the northeast and central part of the state, to about 40–50 inches (1.0–1.3 m) in the northwestern highlands, but this often varies considerably from year to year. Precipitation falls on an average of 120 days a year, with 25 to 30 thunderstorms, most of which occur during the summer. During winter and early spring, New Jersey can experience nor'easters , which are capable of causing blizzards or flooding throughout

6643-471: The southwestern counties of the state, which reside within the Delaware Valley surrounding Philadelphia . Despite its heavily urban character and a long history of industrialization , forests cover roughly 45 percent of New Jersey's land area, or approximately 2.1 million acres (8,500 km ), ranking 31st among the 50 U.S. states and six territories. Northwestern New Jersey, often referred to as

6734-541: The state enlisted in the Union army; unlike many states, including some Northern ones, no battle was fought there. In the Industrial Revolution , cities like Paterson grew and prospered. Previously, the economy had been largely agrarian, which was problematically subject to crop failures and poor soil. This caused a shift to a more industrialized economy, one based on manufactured commodities such as textiles and silk. Inventor Thomas Edison also became an important figure of

6825-429: The state's ethnic makeup was as follows: 71.9% White alone, 15.1% Black or African American alone, 10.0% Asian alone, 0.6% American Indian and Alaska Native alone, 0.1% Native Hawaiian and Other Pacific Islander alone, and 2.3% Two or more races. Hispanic or Latino accounted for 20.9%, while White alone (non-Hispanic or Latino) accounted for 54.6% of the population. Many of the municipalities in Bergen County, New Jersey ,

6916-575: The state's largest county, have a sizeable minority population of Hispanics and Asians. Wall Street West In the 1980s, some financial companies started moving from Manhattan to the west of the Hudson River to settle along the waterfront of Jersey City, New Jersey . The area earned the name "Wall Street West" after Bankers Trust had a major relocation to it in 1985. Other major financial firms followed shortly after with National Westminster Bank of London building its domestic subsidiary there. Donaldson, Lufkin & Jenrette (DLJ) moved into

7007-437: The state's median household income was over $ 85,000 compared to the national average of roughly $ 65,000. Conversely, New Jersey's poverty rate of 9.4% was slightly lower than the national average of 11.4%, and the sixth lowest of the fifty states, Washington, D.C., and Puerto Rico . This is attributed to several factors, including the state's proximity to the major economic centers of New York City and Philadelphia , its hosting

7098-434: The state, but temperatures can, for brief periods, fall below 10 °F (−12 °C) and sometimes rise above 50 °F (10 °C). Northwestern parts of the state have significantly colder winters with sub-0 °F (−18 °C) being an almost annual occurrence. Spring and autumn may feature wide temperature variations, with lower humidity than summer. The USDA Plant Hardiness Zone classification ranges from   6 in

7189-464: The vacancy rate had increased and some financial firms had scaled down their plans. UBS changed their plans to fully occupy the newly constructed building. Goldman Sachs only partially occupied its building and planned to build a new headquarters in New York. Wall Street West suffered further by the 2008 financial crisis . The office space vacancy rate spiked as investment bank tenants started collapsing. The downturn economy dampened real estate growth in

7280-470: The vote to all inhabitants who had a certain level of wealth. This included women and Black people, but not married women because they were not legally permitted to own property separately from their husbands. Both sides, in several elections, claimed that the other side had had unqualified women vote and mocked them for use of petticoat electors, whether entitled to vote or not; on the other hand, both parties passed Voting Rights Acts. In 1807, legislature passed

7371-622: The west by Pennsylvania across the Delaware River . New Jersey is broadly divided into the North , Central , and South Jersey geographic regions, although some residents do not consider Central Jersey a region in its own right. Across the regions are five distinct areas divided by natural geography and population concentration. Northeastern New Jersey, often referred to as the Gateway Region , lies closest to Manhattan in New York City, and up to

7462-837: The zeppelin airship Hindenburg crashed in flames over Lakehurst , and the SS Morro Castle beached itself near Asbury Park after going up in flames while at sea. Through both World Wars , New Jersey was a center for war production, especially naval construction. The Federal Shipbuilding and Drydock Company yards in Kearny and Newark and the New York Shipbuilding Corporation yard in Camden produced aircraft carriers , battleships, cruisers, and destroyers. New Jersey manufactured 6.8 percent of total United States military armaments produced during World War II , ranking fifth among

7553-472: Was 101 Hudson Street with more than 3,000 back-office workers of Merrill Lynch and Lehman Brothers moved in by 1993. On the northern end of Jersey City's waterfront, another major development called Newport was started in the late 1980s. It was planned as a mixed-use community with office, residential and retail buildings. By early 2001, Newport had gained major tenants including UBS , Knight Capital , and Insurance Services Office By that time,

7644-436: Was Michiel Pauw , who established a patron ship called Pavonia in 1630 along North River , that eventually became Bergen . Peter Minuit 's purchase of lands along the Delaware River established the colony of New Sweden , that lasted until the Dutch conquered it in 1655. Then the entire region became a territory of England on June 24, 1664, after an English fleet under command of Colonel Richard Nicolls sailed into what

7735-537: Was also a leading industry during the middle to late 19th century. Bog iron pits in the New Jersey Pine Barrens were among the first sources of iron for the new nation. Mines such as Mt. Hope, Mine Hill, and the Rockaway Valley Mines created a thriving industry. Mining generated the impetus for new towns and was one of the driving forces behind the need for the Morris Canal . Zinc mines were also

7826-551: Was credited with a revitalization of Hudson County and Jersey City . Urban revitalization has continued in North Jersey in the 21st century. In 2014, Jersey City's Census-estimated population was 262,146, with the largest population increase of any municipality in New Jersey since 2010, representing an increase of 5.9% from the 2010 U.S. census , when the city's population was enumerated at 247,597. Between 2000 and 2010 Newark experienced its first population increase since

7917-564: Was named the Province of New Jersey . Since its inception, New Jersey has been characterized by ethnic and religious diversity . New England Congregationalists settled alongside Scots Presbyterians and Dutch Reformed migrants. While the majority of residents lived in towns with individual landholdings of 100 acres (40 ha), a few rich proprietors owned vast estates. English Quakers and Anglicans owned large landholdings. Unlike Plymouth Colony , Jamestown and other colonies, New Jersey

8008-613: Was populated by a secondary wave of immigrants who came from other colonies instead of those who migrated directly from Europe. New Jersey remained agrarian and rural throughout the colonial era, and commercial farming developed sporadically. Some townships, such as Burlington on the Delaware River and Perth Amboy , emerged as important ports for shipping to New York City and Philadelphia. The colony's fertile lands and tolerant religious policy drew more settlers, and New Jersey's population had increased to 120,000 by 1775. Settlement for

8099-522: Was ranked as the fourth most diverse state in 2024. New Jersey ranks near the top on both the American Human Development Index and the standard Human Development Index . According to climatology research by the U.S. National Oceanic and Atmospheric Administration , New Jersey has been the fastest-warming state by average air temperature over a 100-year period beginning in the early 20th century, which has been attributed to warming of

8190-494: Was stronger than under the 1776 constitution, the constitution of 1844 created many offices that were not responsible to him, or to the people, and it gave him a three-year term, but he could not succeed himself. New Jersey was one of the few Union states (the others being Delaware and Kentucky ) to select a candidate other than Abraham Lincoln twice in national elections, and sided with Stephen A. Douglas (1860) and George B. McClellan (1864) during their campaigns. McClellan,

8281-624: Was that many financial institutions were more comfortable with the shorter range of 70 kilometres (43 mi) from Manhattan which caused many financial firms to build out their new data centers in Central New Jersey instead. Without a commitment from financial services companies, the decision was made in 2009 to expand the Wall Street West mission to include healthcare, advanced materials and diversified manufacturing, and logistics and transportation industries. For those locations in

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