Choose New Jersey
“New 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
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 |
LATEST NEWS
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.
New Jersey Sees ‘Historic Economic Progress’
Governor Phil Murphy says the Garden State’s workforce and location provide tremendous value to businesses.
2024 Top Utilities
These top utilities play a key role in state and local economic development endeavors, as well as sustainability efforts.