Jim McGreevey envisions a strategy for economic development in Jersey City that promotes sustainable growth and benefits all residents. His focus is on creating jobs, supporting local businesses, attracting new investments, and ensuring that the city's economic growth includes opportunities for everyone.

From 2021 to 2023, average residential tax bill during that same timeframe went from $7,409 to $10,560, which is an increase of over 42 percent. The New York Times, August 2023, demonstrated that, among the 100 largest cities in the United States, Jersey City had singularly the greatest change in rent, year-over-year, of 23.3 percent for a one-bedroom apartment, placing the cost at $3,390.  Jersey City must be affordable for working families. Affordability is critical to any economic development initiatives and endeavors for the City.

Proposed Solutions:

• Small Business Support: Jim will introduce initiatives that provide small businesses with access to grants, training, and resources, recognizing their vital role in the city's economy.

• Workforce Development: Jim will develop programs that align workforce development with the needs of local industries and the evolving global economy, ensuring that Jersey City's workforce is prepared for the jobs of tomorrow.

• Infrastructure Investment: Jim is committed to investing in infrastructure to stimulate economic growth, improve transportation, and enhance the overall quality of life in Jersey City.

• Affordable Housing: Jim aims to incorporate affordable housing strategies into economic development plans to prevent displacement and ensure that growth benefits a broad spectrum of the city's population.

• Reduce Property Taxes: Aim to reduce property taxes by eliminating duplicated services and seeking state support for education and development.