New Jersey Profile

0 %
Unemployment Rate

Source: U.S. Department of Labor, July 2020

0
Labor Force

Source: Bureau of Labor Statistics, December 2019

0
Population

Source: U.S. Census, July 2019

$ 0 B
STATE GDP
(CURRENT DOLLARS)

Source: U.S. Bureau of Economic Analysis, Q3 2019

$ 0
2018 PER CAPITA
PERSONAL INCOME

Source: U.S. Bureau of Economic Analysis, 2019

0 %
OF U.S. GDP

Source: U.S. Bureau of Economic Analysis, Q3 2019

17 NEW JERSEY FORTUNE 500 COMPANIES

wdt_ID COMPANY FORTUNE 500 RANK CITY COUNTY REVENUE ($ MILLIONS)
1 Johnson & Johnson* 35 New Brunswick Middlesex 82.1
2 Prudential Financial* 53 Newark Essex 64.8
3 Merck* 69 Kenilworth Hunterdon 46.8
4 PBF Energy* 125 Parsippany Morris 14.5
5 Becton Dickinson 187 Franklin Lakes Bergen 17.3
6 Cognizant Technology Solutions 194 Teaneck Bergen 16.8
7 ADP 227 Roseland Essex 14.2
8 Bed Bath & Beyond 265 Union Union 12.0
9 Public Service Enterprise Group 317 Newark Essex 10.1
10 Campbell Soup 322 Camden Camden 9.9

*Also listed as Global 500 Companies
Source: Fortune, May 2020

LARGEST EMPLOYERS IN NEW JERSEY

wdt_ID Rank Company Industry NJ Employees
1 1 RWJBarnabas Health Health care 31,683
2 2 Rutgers, The State University of New Jersey Higher education 26,170
3 3 United Airlines Airline/aviation 14,000
4 4 Johnson & Johnson Health care 13,996
5 5 Bank of America Financial services 10,000
6 6 CVS Health Pharmacy innovation company 9,500
7 7 Prudential Financial Inc. Financial services 9,470
8 8 Virtua Health care 9,000
9 9 JPMorgan Chase & Co. Financial services 8,000
10 10 TD Bank N.A. Finance/banking 8,000

Source: NJBIZ Top Employers List 2017
*Non-governmental

LARGEST EMPLOYERS IN NEW JERSEY BY INDUSTRY

wdt_ID Life Sciences
1 Bayer HealthCare
2 Becton Dickinson
3 BioReference Laboratories
4 Bristol-Myers Squibb Co.
5 Johnson & Johnson
6 Merck & Co. Inc.
7 Novartis
8 Novo Nordisk
9 Quest Diagnostics
10 Stryker
wdt_ID Food
1 Atalanta
2 Campbell Soup Co.
3 Deep Foods Inc.
4 Goya Foods Inc.
5 Mars Chocolate
6 Mondelez International
8 The Promotion In Motion Cos.
9 Unilever
10 Wakefern Food
wdt_ID Manufacturing
1 ARC/Durand Glass
2 BASF Corp.
3 Ericsson
4 Honeywell
5 Lockheed Martin
6 Panasonic
7 Siemens
8 Silverline Building Products
9 Subaru of America
10 Thermwell Products Co. Inc.
wdt_ID Healthcare
1 Barnabas Health
2 Cooper University Hospital
3 Hackensack University Medical Center
4 Kennedy Health
5 Meridian Health
6 Robert Wood Johnson University Hospital
7 St. Joseph's Healthcare System
8 The Valley Hospital
9 University Hospital
10 Virtua
wdt_ID Logistics and Transportation
1 Amazon
2 Avis Budget Group
3 FedEx
4 Maher Terminals
5 National Retail Systems
6 New England Motor Freight
7 NFI
8 Preferred Freezer
9 United Airlines
10 United Parcel Service
wdt_ID Information Technology/Communications
1 Alcatel-Lucent
2 AT&T
3 Audible
4 Cognizant Technologies
5 Comcast
6 CommVault
7 iCIMS
8 Verisk
9 Verizon Communications Inc.
10 Vonage
wdt_ID Financial Services
1 Bank of America
2 Prudential Financial Inc.
3 JPMorgan Chase & Co.
4 Ernst & Young LLP
5 KPMG
6 Deloitte LLP and its subsidiaries
7 Investors Bancorp Inc.
8 PwC
9 Fidelity Investments
10 Selective Insurance Group

Source: NJBIZ Top Employers List 2017
*Non-governmental

EDUCATION ATTAINMENT

wdt_ID DEGREE NJ US
1 High School Graduate or Higher 89 87
2 Bachelor’s Degree or Higher 38 35
3 Graduate or Professional Degree 15 13

Source: U.S. Census – Educational Attainment, 2018

Education

2 of 0
AAU RESEARCH SCHOOLS

Princeton University &
Rutgers, The State University of New Jersey

SELECT INSTITUTIONS OF HIGHER EDUCATION

wdt_ID Institute County Undergrad Graduate
1 Rutgers University Camden, Essex, Middlesex 56,737 22,085
2 Montclair State University Essex 18,798 5,224
3 Rowan University Gloucester 17,470 3,835
4 Thomas Edison University of New Jersey Mercer 15,170 1,035
5 Kean University Union 13,730 3,090
6 William Paterson University Passaic 10,459 1,963
7 New Jersey Institute of Technology Atlantic 9,772 1,204
8 New Jersey Institute of Technology Essex 9,620 3,538
9 Fairleigh Dickinson University Bergen, Morris 9,139 3,852
10 New Jersey City University Hudson 7,528 2,355

Source: Office of the Secretary of Higher Education, Fall 2018

County Colleges

wdt_ID Institute County Undergrad
1 Bergen Community College Bergen 19,671
2 Brookdale Community College Monmouth 18,316
3 Camden County College Camden 17,037
4 Middlesex County College Middlesex 16,876
5 Rowan College at Burlington County Burlington 15,412
6 Ocean County College Ocean 14,075
7 Union County College Union 13,323
8 Hudson County Community College Hudson 12,008
9 Essex County College Essex 11,840
10 County College of Morris Morris 11,319

Source: Office of the Secretary of Higher Education, Fall 2018

For a full list visit the Office of the Secretary of Higher Education website.

PUBLIC AIRPORTS

CITIES WITH DAILY NON-STOP FLIGHTS FROM NEW JERSEY

100+ North America
35+ Europe
35 South America & Caribbean
14 Middle East & Africa
10 Asia

NEWARK INTERNATIONAL AIRPORT

  • 12th busiest airport in the United States
  • 46 million passengers and more than 847,000 tons of cargo handled in 2019
  • 35 airlines

PHILADELPHIA INTERNATIONAL AIRPORT

  • 20th busiest airport in the United States
  • 32 million passengers and more than 607,000 tons of cargo handled in 2019

JFK INTERNATIONAL AIRPORT

LAGUARDIA AIRPORT

ATLANTIC CITY INTERNATIONAL AIRPORT

TRENTON/MERCER AIRPORT

Key Roads

Garden State Parkway
New Jersey Turnpike
Interstate 76
Interstate 95
Interstate 195
Interstate 278
Interstate 280
Interstate 295
Interstate 676
Atlantic City Expressway
Palisades Interstate Parkway

Rail & Bus

0
BUS ROUTES

Source: NJ Transit

0
COMMUTER RAIL LINES

Source: NJ Transit

0
CLASS I FREIGHT RAILROADS

Source: Association of American Railroads

Ports

# 0
LARGEST CARGO PORT ON THE EAST COAST

Port of New York & New Jersey
Source: NJ Transit

# 0
BUSIEST PORT

in the United States
Source: NJ Transit

0 M+
CONTAINERS HANDLED IN 2018 (20FT EQUIVALENT UNITS)

Source: The Port Authority of NY & NJ, Jan 2019

$ 0 B
WORTH OF CARGO MOVES THROUGH THE PORT IN 2017

Source: The Port Authority of NY & NJ, Jan 2019

Utilities

New Jersey Natural Gas
PSE&G
South Jersey Gas
Elizabethtown Gas

New Jersey American Water Co.
SUEZ Water
Aqua New Jersey

PSE&G
Atlantic City Electric
Jersey Central Power & Light
Orange Rockland Electric

Verizon
Sprint
AT&T
Comcast
Lightower Fiber

Broadband

# 0
MOST CONNECTED STATE IN THE U.S.

Source: Broadbandnow.com, 2019

0 %
OF POPULATION HAS ACCESS TO WIRED BROADBAND 100MBPS OR FASTER

Source: Broadbandnow.com, 2019

0 %
OF POPULATION HAS ACCESS TO WIRELESS SERVICE

Source: Broadbandnow.com, 2019

0 %
OF POPULATION HAS ACCESS TO FIBER-OPTIC SERVICE

Source: Broadbandnow.com, 2019

Taxes

wdt_ID Tax Percent
1 Corporate Income Tax (Single Sales Factor) 10.5%*
2 Personal Income Tax 1.4% to 10.75%
3 Sales Tax 6.625% (3.3125% in UEZs)

*Corporate Income Tax will decrease to 9% in 2022.

Source: NJ Department of Treasury, January 2020

LARGEST MUNICIPALITIES

wdt_ID Municipality Population
1 Newark 282,090
2 Jersey City 265,549
3 Paterson 145,627
4 Elizabeth 128,885
5 Lakewood 104,157
6 Edison 100,693
7 Woodbridge 100,450
8 Toms River 93,717
9 Hamilton 87,552
10 Clifton 85,273

Source: U.S. Census, July 2018

WHAT CAN CHOOSE New Jersey DO FOR YOU

Relocation & Expansion Services

We provide customized RFI responses, demographics, detailed market assessments and other complimentary business relocation and expansion services. When your company chooses to grow in New Jersey, we also will help you publicize your good news.

Site Visits

We’ll make your property search seamless, so you find the site that best meets your relocation or expansion needs.

Economic Development Connections

Our public and private partners provide a wide range of services. From higher education research collaboration to regulatory and legal assistance to workforce training, they’ll ensure you have a smooth landing.

Rena Sherman
Research Manager
Bill Noonan
Business Development Director