Trenton, New Jersey: A City on the Rise

Trenton, New Jersey, a city with a population of 84,913 as of 2023, is on the cusp of a major transformation. Once known primarily for its industrial past, Trenton is now experiencing a renaissance that is attracting new residents, businesses, and visitors.

A Rich History

Trenton's roots date back to the early 1700s, when it was founded by Quaker settlers. The city played a pivotal role in the American Revolutionary War, serving as the site of the Battle of Trenton in 1776. Trenton became the state capital in 1790, and it has remained so to this day.

A Diverse Economy

Trenton's economy is no longer solely reliant on manufacturing. The city is now a hub for government, education, and healthcare. Major employers in Trenton include the State of New Jersey, the Mercer County government, Capital Health, and Thomas Edison State University.

A Cultural Destination

Trenton is home to a number of cultural attractions, including the Trenton Museum of Art, the New Jersey State Museum, and the Capital Philharmonic Orchestra. The city also hosts a variety of festivals and events throughout the year, such as the Trenton Film Festival and the Trenton Punk Rock Flea Market.

A City on the Move

In recent years, Trenton has made significant strides in revitalizing its downtown area. New businesses are opening up, and new residential developments are being constructed. The city is also investing in public transportation, making it easier for residents to get around.

Five Key Figures

• 84,913: Trenton's population as of 2023
• 7.8%: Trenton's unemployment rate as of 2023
• $42,000: Trenton's median household income as of 2023
• 61%: Trenton's homeownership rate as of 2023
• 1,000+: Number of new businesses that have opened in Trenton in the past five years

The Trenton 2030 Plan

Trenton has a long-term plan for continued growth and development, called the Trenton 2030 Plan. The plan focuses on five key areas:

• Economic development: Attracting new businesses and jobs
• Housing: Creating more affordable and accessible housing options
• Education: Improving the quality of education in the city
• Transportation: Making it easier for residents to get around
• Public safety: Making the city safer

Why Invest in Trenton?

There are a number of reasons why investors should consider Trenton as a place to invest.

• Low cost of living: Trenton's cost of living is well below the national average, making it an affordable place to live and work.
• Skilled workforce: Trenton has a large and skilled workforce, including many who work in the healthcare, government, and education sectors.
• Strategic location: Trenton is located in the heart of the Northeast Corridor, making it easy to reach major cities like New York City, Philadelphia, and Washington, D.C.
• Government support: The City of Trenton offers a number of incentives for businesses, including tax breaks and low-interest loans.

Common Mistakes to Avoid

Investors who are considering investing in Trenton should avoid making the following mistakes:

• Overestimating the market: Trenton's real estate market is not as hot as some other markets in the Northeast, so it is important to be realistic about what you can expect to pay for a property.
• Ignoring the crime rate: Trenton has a higher crime rate than some other cities in the region, so it is important to be aware of the potential risks before you invest.
• Not doing your research: Before you invest in any real estate, it is important to do your research and understand the market. This includes talking to local experts, such as real estate agents, property managers, and city officials.

Pros and Cons

Pros:

• Low cost of living
• Skilled workforce
• Strategic location
• Government support

Cons:

• High crime rate
• Not as hot of a real estate market as some other cities in the Northeast