New Jersey Business Resources |
| Though New Jersey’s earliest roots were in agriculture, the state was among the earliest to industrialize. New Jersey is now home to several large industries and a particularly diverse economy. Chemical manufacturing, pharmaceuticals, fabricated metal manufacturing, food processing, and petroleum refining are among the largest industries. New Jersey’s pharmaceutical industry is one of the major engines of the state economy. Nearly half of the national total in drug-related R&D money is spent in New Jersey. The real estate, finance, and insurance industries lead the service sector of New Jersey’s economy and provide a large base of employment. The metropolitan areas of New York and Philadelphia cross into the state and provide a heavy concentration of jobs in a variety of industries. In addition, 130 miles of Atlantic coastline provide a popular tourist destination with quaint seaside towns and boardwalks. |
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Business Data |
| Per Capita Real GDP | $44,885 Rank: 5/50 (2006) |
| Population | 8,414,350 Rank: 9/50 (2000) |
| Per Capita Personal Income | $46,344 Rank: 2/50 (2006) |
| Unemployment Rate | 4.50% Rank: 24/50 (2008) |
| Business Tax Climate Index | Rank: 49/50 (2008) |
| Corporate Tax Rate | 6.5% - 9.0% |
| Individual Tax Rate | 1.4% - 8.97% |
| Sales Tax Rate | 7% |
Business Tax Climate Index |
| Individual Income Tax Index Rank | 49 |
| Sales Tax Index Rank | 44 |
| Unemployment Insurance Tax Index Rank | 24 |
| Property Tax Index Rank | 49 |
| Business Tax Climate Index | 49 |
| Corporate Tax Index Rank | 41 |
State Information |
| Abbreviation | NJ |
| Capital | Trenton |
| Nick Name | Garden State |
| State Web Site | http://www.newjersey.gov |
| Motto | Liberty and prosperity |
Top 5 Export Partner Countries | Canada, United Kingdom, Japan, Mexico, Germany |
Top 5 Export Merchandise | Computers and Electronic Products Sales
Chemicals Sales
Textile Mills Manufacturing
Machinery Manufacturing
Computers and Electronic Products Manufacturing |
Major Cities | Jersey, Newark, Paterson |
GDP |
| Total Gross Domestic Product (USD Millions) | $465,484.00 (2007) |
| Per Capita Real GDP (USD) | $45,052.00 Rank: 6 (2007) |
Population Stats |
| Population |
8,682,661 Rank: 11 (2008) |
Age Distribution |
| Under 18 Population | 2,087,560 |
| Under 18 Percent of Total Population | 25% |
| 65 and older Population | 1,113,140 |
| 65 and older Percent of Total Population | 13% |
Gender Distribution |
| Male Population | 48.5% |
| Female Population | 51.5% |
| Non-English Speaker (at home) | 1,635,000 |
| Net International Immigration | 290,194 |
| Birth Rate | 13.2% |
| Percent of People Under Poverty Level | 8.7% |
| Rank | 47 |
Expenditure |
| Per Capita State Spending | $49,089 |
| Rank | 17 |
| Energy Expenditures per Person | $4,153 |
| Expenditures of State and Local Government Employee-Retirement Systems | $5,752,404 |
Revenue |
| Personal Income | $33,416 |
| Rank | 2 |
| State Internal Revenue Collection | $121,678,423 |
| Rank | 6 |
| Cash and Deposits by State Government | $355,740 (2005) |
| Per Capita State Tax Collection | $3,032 |
| Rank | 10 |
Education |
| High School Graduation Rate | 86.3% |
| Rank | 1 |
| Percent of Population with a Bachelor's Degree | 21.2% |
| Rank | 3 |
| Percent of Population with an Advanced Degree | 12.4% |
| Rank | 7 |
Largest Universities | Kean University
Rutgers University, New Brunswick
Montclair State University |
| High School Graduation Rate | 86.3% |
Logistics |
| Public Road Length (Mile) | 38,561 (2005) |
| Gas Tax Rate (%) | 10.5% |
| Highway Planning and Construction (USD Thousands) | 848,554 |
| Number of Public Airports | 46 |
Main Airports | EWR: Newark |
Ports | Camden-Gloucester
New York/New Jersey
Paulsboro
Trenton |
Weather
| Map
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State Business Links |
| The Star-Ledger |
| http://www.nj.com |
Secretary of State |
| New Jersey Secretary of State |
| http://www.state.nj.us/state/ |
| Whether you are a new business start-up, a growing company considering expanding in the state, a large corporation about to move or expand, or an international exporter seeking to increase distribution, New Jersey has key advantages to help your business grow: |
Small Business Administration |
| New Jersey Small Business Administration |
| http://www.sba.gov/localresources/district/nj/index.html |
| The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. |
Top 10 Business Links |
| John J. Heldrich Center for Workforce Development |
| http://www.heldrich.rutgers.edu/ |
| The center is a research division of Rutgers University that focuses on the workforce development. A few of the services it provides are evaluations of workforce education programs and software solutions. Its research spans several areas, such as economic analysis, workplace diversity, and dislocated workers. |
| New Jersey Business |
| http://www.njbmagazine.com/ |
| New Jersey Business is a monthly periodical that features news and commentary about business in the Garden State. Articles are available for a fee, and its website has updates of daily news events. |
| New Jersey Business & Industry Association (NJBIA) |
| http://www.njbia.org/ |
| The NJBIA is a business advocacy organization that represents businesses in New Jersey. NJBI runs several money-saving programs, provides business resources, and updates through its many publications. The association also hosts events that offer members networking opportunities. |
| New Jersey Economic Development Authority |
| http://www.njeda.com/web/default.aspx |
| The New Jersey Economic Development Authority is a state agency focused on economic and community development. Two of their notable initiatives are the Entrepreneurial Training Institute, and the Business Mentoring Program – both of which provide assistance and training to new businesses. Other services include financial aid, and technological facilities. |
| New Jersey Technology Council (NJTC) |
| http://www.njtc.org/ |
| The council represents the technology sector in New Jersey, engaging in both advocacy and business support. Services they provide include financing assistance, executive development programs, and a career service network. The council also organizes events that encourage information sharing and networking opportunities. |
| NJ Business Portal: Taking Care of Business |
| http://www.state.nj.us/njbusiness/ |
| Taking Care of Business is a state-run website that encourages and facilitates doing business in New Jersey. It contains information for start-ups, workforce training, as well as financial incentives. There is also a section dedicated to international trade, that offers assistance to both local and foreign companies that wish to establish themselves in or out of the state. |
| U.S. Export Assistance Center of Newark, NJ |
| http://www.buyusa.gov/nnj/ |
| This branch of the Department of Commerce, serves Newark, New Jersey, and specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided. |
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