Are you a business owner looking to relocate, expand, or successfully establish your startup? Many businesses would consider both New Jersey and Pennsylvania to be attractive options, especially those involved in the manufacturing and life sciences industries. While Pennsylvania is larger in size, New Jersey offers increased global accessibility and a strong, diverse workforce.
In order to truly understand how New Jersey and Pennsylvania might compare in terms of business opportunities, Choose New Jersey has organized the following stats and rankings between the two states for your evaluation.
|2||Concentration of scientists and engineers²||1||48|
|5||High School Graduation Rate⁴||2||20|
|6||Concentration of employees working for FDI companies⁵||3||22|
|7||Public Transit Usage⁶||2||12|
|10||Patents from 1976-2020⁷||11||10|
|11||Minority Business Ownership⁸||6||29|
|13||Top Company HQs¹⁰||12||16|
|1||% of GDP¹¹||3%||3%|
|3||Square Mileage¹³||8,722 sq mi.||58,818 sq mi|
|11||Early Childhood Education¹⁴||1||37|
|12||Raising a Child¹⁵||1||31|
|14||Air and Water Quality¹⁷||5||42|
|18||Economic Impact of Immigration²¹||3||22|
|1||Class A Office Space²²||$36.78 (North), $30.44 (Central), $24.67 (South)||$29.77 (Philadelphia)|
|4||LAB Space²³||$22.28 (Statewide)||$28.20 (Philadelphia)|
|5||FLEX Space²⁴||$13.39 (Statewide)||$11.02 (statewide)|
|6||Industrial Space²⁵||$6.77 (North), $7.43 (Central), $6.18 (South)||$5.83 (Philadelphia)|
¹Education Week, Quality Counts 2020, ²National Science Foundation: Science & Engineering Indicators 2020, ³Broadband Now 2020, ⁴US News & Work Report: 2020 Pre-K-12 Ranking, ⁵Bureau of Economic Analysis: Activities of US Affiliates of Foreign Multinational Enterprises 2017, ⁶US News & Work Report: 2020 Transportation Rankings, ⁷US Patent & Trademark Office 2020, ⁸US Census 2016 Annual Survey of Entrepreneurs, ⁹Lumina Foundation: A Stronger Nation Report 2020 South NJ Q1 2020, ¹⁰US News & World Report: 2020 Business Enviroment Ranking, ¹¹Bureau of Economic Analysis: GDP by State Q1 2020, ¹²US Census 2019, ¹³enchantedlearning.com: US States Area and Ranking, ¹⁴24/7 Wall Street: States with the Best & Worst Early Education May 2018, ¹⁵Save the Children 2020, ¹⁶US News & World Report: 2020 Public Safety Ranking, ¹⁷US News & World Report: 2020 Air & Water Quality Rankings, ¹⁸US News & World Report: 2020 Health Care, ¹⁹US News & World Report: 2020 Economic Opportunity Rankings, ²⁰WalletHub: Most & Least Diverse States in America September 2019, ²¹WalletHub: Economic Impact of Immigrants by state, ²²Cushman & Wakefield Office Marketbeat Q2 2020 (Q1 2020 South NJ), ²³JLL 2019 Life Sciences Outlook, ²⁴Flex CoStar Analytics August 2020, ²⁵Cushman & Wakefield Marketbeat for Manufacturing Q2 2020 (Q1 2020 South NJ)
New Jersey’s highly-educated workforce, robust infrastructure, and strategic East Coast location can take your business to the next level. We surpass our competitors in many key areas, including education, talent, diversity and quality of life. What’s more, we offer all the accessibility at a more affordable cost than other major metro areas like New York City, Boston and the San Francisco Bay Area. We invite you to discover all the possibilities of a New Jersey location:
Home to 225 foreign company headquarters, New Jersey’s size does not limit its ability to be diverse. Along with being globally-connected, New Jersey possesses substantial economic opportunity, great quality of life, and a sustainable workforce. Companies in the following industries are highly encouraged to learn more about what New Jersey has to offer:
As a national leader in education, New Jersey breeds a workforce of highly intelligent individuals. The talent coming out of our universities is extremely valuable for businesses – both new and established. At Choose New Jersey, our mission is to help you find opportunities for growth and innovation. Supported by a vast network of State agencies and private partners, we have all the resources you need to ensure a smooth landing. We encourage you to use the multi-step form so we can get to know you better and connect you with one of our highly-experienced team members. Join the State of Innovation and let your success speak for itself.
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