Founded in Tel Aviv, Israel, Bluevine currently has offices in Israel, India, Texas, Utah, California, and New Jersey. Israel has long had deep economic, commercial, and cultural ties to New Jersey. The relocation of its headquarters to Jersey City validates and strengthens the relationship between the two states.
“Bluevine is a welcome addition to the ranks of great companies calling the Garden State their new home base. The company will not only bring additional jobs to our state but will also help support the many small businesses across our state with their banking solution needs,” said Governor Phil Murphy. “This Administration has worked tirelessly to build an environment where companies can thrive, and due to that work, we are now witnessing an influx in companies putting down roots here.”
“We are very proud of Bluevine setting its international headquarters in New Jersey. This is testament of the strong potential for growth for Israeli innovation to the U.S. market, as well as to the compatibility between Israel and Israeli companies’ needs and the State of New Jersey,” said Anat Katz, Economic Minister to North America, Israeli Ministry of Economy. “New Jersey once again proves itself as a great location to set up operations that will support growth and pave the way for success.”
“With 200 new jobs being announced on top of 125 already established by Bluevine in Jersey City, this marks one of the largest single job-creating events from Israel in New Jersey history,” said Andrew H. Gross, Executive Director of the New Jersey-Israel Commission. “New Jersey is setting the bar when it comes to the growth and expansion of Israeli companies into the United States as we continue to welcome innovators like Bluevine who are creating jobs and building our economy of the future.”
Bluevine, which has had a presence in Jersey City since 2018, has served over 13,000 small businesses in New Jersey, including over 9,000 through the Paycheck Protection Program (PPP). Through its participation in PPP, Bluevine was able to help save over 24,000 jobs at the height of the COVID-19 pandemic.
Proximity to New York City, the financial capital of the world, and access to a vast talent pool were cited as the main reasons for relocating the company’s headquarters to the state. Bluevine is focusing on building out the team in Jersey City and has recently opened a marketing department and R&D hub.
“I congratulate Bluevine on expanding its Jersey City presence by moving its headquarters to New Jersey. As a fintech company founded in Tel Aviv, Bluevine will find no better home in the United States than right here in the Garden State,” said Wesley Mathews, President & CEO of Choose New Jersey. “We thank Bluevine for not only being a member of the New Jersey business ecosystem but also for its commitment to supporting and being a trusted financial partner to small business owners. The services that Bluevine offers certainly help to grow and expand the state’s economy.”
“Bluevine’s decision to relocate their U.S. headquarters to New Jersey, bringing 200 new jobs to Jersey City, serves as a testament to Governor Murphy’s successful corporate attraction strategy for both innovation and international businesses,” said New Jersey Economic Development Authority CEO, Tim Sullivan. “New Jersey’s strategic location and competitive talent pool have allowed for companies like Bluevine to grow and thrive, all while benefiting our state with quality jobs that support the entrepreneurs and small businesses that enhance the dynamism of our communities.”
Bluevine also plans to participate in programs to mentor and provide financial education for small businesses in New Jersey to contribute back to the small business community.