NEWS

Star Ledger: Wall Street firm to move 1,600 jobs to Jersey City
October 13, 2009

By Lisa Fleisher/Statehouse Bureau

October 13, 2009, 1:30PM

New Jersey has persuaded a Wall Street company to move 1,600 high-paying jobs to Jersey City by offering nearly $90 million in tax incentives, state and company officials said today.

The Depository Trust and Clearing Corp. will move many of its employees from its New York City offices to the Newport Office Center on the Jersey City waterfront, the company said today in a statement. The firm plans to move the employees in 2013.

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