Lipski Resigns as CEO of Jersey City Economic Development Corporation

NEW JERSEY—Steve Lipski, Jersey City Economic Development Corporation (JCEDC) Chief Executive Officer, has submitted his resignation to Jersey City mayor Jerramiah Healy and the JCEDC Board of Trustees. Lipski is leaving to accept a position as assistant principal with the Harrison School District.

Rosemary McFadden, chairperson of the JCEDC Board of Trustees, made the announcement.

Lipski came to the Jersey City Economic Development Corporation in December 2010.

Since that time the agency was reorganized to include its Small Business Assistance Program, which offers technical assistance and financing programs to Jersey City microenterprises and small businesses.

The JCEDC is a private, nonprofit corporation charged with promoting, encouraging and assisting the industrial, commercial and economic development of Jersey City and with creating greater employment opportunities and broadening the base of the city’s tax structure. The organization was established in 1980 with the support of the Jersey City Administration and Municipal Council.

The JCEDC has administered the City’s Urban Enterprise Zone (UEZ) program since 1987, and has overseen the reinvestment of more than $129 million in UEZ funds since its founding. UEZ business enrollments have accounted for the creation of more than 28,800 full-time jobs and over $13 billion in private investments.

The JCEDC also supports Jersey City’s small businesses and microenterprises by providing technical assistance as well as access to loans. The organization also offers information on commercial, office and residential real estate development in Jersey City, and administers Destination Jersey City, the nonprofit corporation that promotes tourism.

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