DOING BUSINESS IN NEW JERSEY

Choose New Jersey
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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

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In Hoboken, NJ FAST is the Garden State's fourth Strategic Innovation Center and will support R&D, innovation, and entrepreneurship in fintech and insuretech. Meanwhile, Netflix and 1888 Studios tap into film tax credits.