Economics
N.J.’s Creaky Mass Transit Endangers Boom for Wall Street West
A woman rushes to catch the NJ Transit train from New York Penn Station to Trenton, NJ on May 13, 2015 in New York City.
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Jersey City, one of the few bright stars in New Jersey’s employment recovery, is in danger of being strangled by the state’s transportation crisis.
The city on the Hudson River waterfront accounted for 10 percent of the state’s job growth in the past year. It has lured residential development and companies like JPMorgan Chase & Co. and Fidelity Investments, and outpaced the state and nation in reducing joblessness. Mayor Steven Fulop expects Jersey City to surpass Newark as the state’s most populous municipality in 2016.