Jersey City Continues to Woo Alternative Lending Industry

Another alternative business financing company is moving to Jersey City, courtesy of the Grow New Jersey Assistance Program. NYC-based World Business Lenders is planning to relocate from their Times Square office to 101 Hudson Street in Jersey City this July in return for nearly $17 million in tax credits over 10 years.

World Business Lenders would bring 125 employees with them and its projected that they would create an additional 100 jobs by the end of the year.

In March, Yellowstone Capital relocated from their offices in NYC’s financial district to Jersey City as part of a deal that allows them to acquire up to $3.3 million in tax credits over the next 10 years. Their arrival did not go unnoticed. Jersey City Mayor Steven Fulop stopped by personally to welcome them to the neighborhood.

Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.