DOING BUSINESS IN NEW JERSEY

Choose New Jersey
609-269-2192
wnoonan@choosenj.com
choosenj.com

Doing business in New Jersey, Choose New JerseyNew Jersey is a haven for both businesses and families—a globally connected hub with unmatched market access and the highest concentration of scientists and engineers. We also boast an unrivaled public education system and a high quality of life.

— Wesley Mathews, President & CEO,
Choose New Jersey
Doing business in New Jersey
Jersey City, NJ skyline (Photo: Adobe Stock/mandritoiu)

  FAST FACTS

Population (July 2022 est.): 9,261,699¹
Largest Cities (2020): Newark (310,350); Jersey City (291,927); Paterson (159,419); Elizabeth (136,848); Trenton (90,662)¹
Real GDP (2022): $581.7 billion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  TARGETED GROWTH SECTORS

Life Sciences: New Jersey boasts some of the country’s foremost cell and gene therapy companies and manufacturing facilities producing next-generation therapeutics, supported by the highest concentration of scientists and engineers in the country.


Manufacturing: More than 4,200 advanced manufacturers operate in New Jersey. The state’s advanced manufacturing GDP has grown 22% since 2013.


Technology: High-tech labs, incubator facilities, and university collaboration boost the state’s tech industry. New Jersey is home to more than 25% of the world’s top fintech companies.

  TOP PROJECTS

COMPANY
LOCATION
JOBS
Netflix
Eatontown
2,200
Wipro
East Brunswick
1,000
Kenvue 
Summit
400
Gilead
Parsippany-Troy Hills
400
Campbell Soup Company
Camden
330

  WORKFORCE PROGRAMS

New Jersey Economic Development Authority’s Emerge Program: Encourages economic development in priority sectors and targeted communities. The program provides annual per-job tax credits to projects that invest private capital into the state and create/retain a significant amount of well-paying jobs.

  TOP BUSINESS FACILITIES RANKINGS

#2 Broadband Access
2023 State Rankings
Top 5 Life Sciences
2023 State Rankings
Top 10 Tech Talent Pipeline
2023 State Rankings
Top 10 Food Processing
2023 State Rankings
Top 10 Film & Television
2023 State Rankings
Top 10 Green Jobs
2023 State Rankings
Top 10 Solar Power (Installed MW)
2023 State Rankings
#3 Top Container Ports (By TEU): Port of NY and NJ
2023 Metro Rankings
Top 10 Food Processing: New York-New Jersey-Jersey City
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities

LATEST NEWS

Hackensack Meridian Health, Health And Wellness Center, New Jersey Transit, Metropark Station

First U.S. Healthcare Center At Major Travel Hub Takes Off In NJ

The $200M Hackensack Meridian Health project will bring comprehensive, easily accessible healthcare to New Jersey Transit's Metropark Station.
Trenton New Jersey

New Jersey Sees ‘Historic Economic Progress’

Governor Phil Murphy says the Garden State’s workforce and location provide tremendous value to businesses.
Top Utilities Economic Development

2024 Top Utilities

These top utilities play a key role in state and local economic development endeavors, as well as sustainability efforts.