Commerce
Portions of Passaic are part of an Urban Enterprise Zone. In addition to other benefits to encourage employment within the Zone, shoppers can take advantage of a reduced 3½% sales tax rate (versus the 7% rate charged statewide) at eligible merchants.
Since 1994, the Hercules Chemical Company has been located in Passaic.
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Famous quotes containing the word commerce:
“While the focus in the landscape of Old World cities was commonly government structures, churches, or the residences of rulers, the landscape and the skyline of American cities have boasted their hotels, department stores, office buildings, apartments, and skyscrapers. In this grandeur, Americans have expressed their Booster Pride, their hopes for visitors and new settlers, and customers, for thriving commerce and industry.”
—Daniel J. Boorstin (b. 1914)
“Friendship is a disinterested commerce between equals; love, an abject intercourse between tyrants and slaves.”
—Oliver Goldsmith (1728–1774)
“The lessons taught in great books are misleading. The commerce in life is rarely so simple and never so just.”
—Anita Brookner (b. 1938)