• Forbes Moves to Newport, Jersey City

    After 97 years in New York City, Forbes officially moved to Newport, Jersey City on December 15th.  The company’s new 92,720-square-foot space occupies two floors of 499 Washington Blvd., houses over 300 Forbes employees, and is located right near the Newport PATH station in Jersey City. 

    Forbes’ decision to move its headquarters to New Jersey was officially announced last January by the New York Post.  The company committed to 10 years in Jersey City in order to receive a $27 million tax grant as part of the Grow New Jersey. The Grow New Jersey Assistance Program, which was signed into law in 2013, provides tax credits ranging from $500 to $5,000 per job, per year. It also offers bonus credits ranging from $250 to $3,000 per job and year if the project meets requirements, like choosing a location in an urban area or bringing high employment levels.

    Barna Donovan, a communications professor at Saint Peter’s University said, “Since Forbes is a leading chronicler of business and finance news, wherever Forbes moves to must obviously be — in the eyes of business watchers — an important center of commerce and finance.”

    Dovovan believes that, “Forbes’ move will give Jersey City more visibility and prestige, and may spark newfound interest from other Manhattan firms.

    Forbes Chief Product Officer, Lewis DVorkin, reflected on what 2014 has brought Forbes in a blog post on Monday.  Showing off his view of the Hudson River and NYC skyline from his new office in Jersey City, DVorkin said, “The View From My New Chair: The marina is in the foreground, New York across the Hudson. Some of my colleagues can see the Liberty Tower, others the top of the Empire State Building. Our open office provides natural light and views for all.” DVorkin also shared this image of his new view: