New Jersey Profile

0 %
Unemployment Rate

Source: NJ Dept of Labor and Workforce Development, December 2018

0
Labor Force

Source: Bureau of Labor Statistics, November 2018

0
Population

Source: US Census, July 2018

$ 0 B
STATE GDP
(CURRENT DOLLARS)

Source: US Bureau of Economic Analysis, Q2 2018

$ 0
2017 PER CAPITA
PERSONAL INCOME

Source: US Bureau of Economic Analysis, 2017

0 %
OF U.S. GDP

Source: US Bureau of Economic Analysis, Q2 2018

20 NEW JERSEY FORTUNE 500 COMPANIES 2018

*Also listed as Global 500 Companies
Source: Fortune, June 2018

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 29,336
3 3 Johnson & Johnson Health care 13,996
4 4 Bank of America Financial services 10,000
5 5 CVS Health Pharmacy innovation company 9,500
6 6 Prudential Financial Inc. Financial services 9,470
7 7 Virtua Health care 9,000
8 8 JPMorgan Chase & Co. Financial services 8,000
9 9 AT&T Telecommunications, media and technology 7,900
10 10 Montclair State University Higher education 7,703

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 30
3 Graduate or Professional Degree 14 12

Source: US Census – Educational Attainment, 2016

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 55,086 21,982
2 Montclair State University Essex 18,348 5,241
3 Thomas Edison University of New Jersey Mercer 16,506 1,005
4 Rowan University Gloucester 14,726 3,716
5 Kean University Union 13,730 3,090
6 William Paterson University Passaic 11,184 1,972
7 Fairleigh Dickinson University Bergen, Morris 9,206 4,920
8 New Jersey Institute of Technology Essex 8,992 3,922
9 Stockton University Atlantic 8,971 1,118
10 New Jersey City University Hudson 7,469 2,593

Source: Office of the Secretary of Higher Education, 2016

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

  • 15th busiest airport in the United States
  • 40.3 million passengers and more than 747,000 tons of cargo handled in 2016

PHILADELPHIA INTERNATIONAL AIRPORT

  • 19th busiest airport in the United States
  • 30.1 million passengers handled in 2016

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 2016 (20FT EQUIVALENT UNITS)

Source: The Port Authority of NY & NJ, 2016

$ 0
BILLION WORTH OF CARGO MOVES THROUGH THE PORT IN 2016

Source: NJ Transit

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, 2017

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

Source: Broadbandnow.com, 2017

0 %
OF POPULATION HAS ACCESS TO WIRELESS SERVICE

Source: Broadbandnow.com, 2017

0 %
OF POPULATION HAS ACCESS TO FIBER-OPTIC SERVICE

Source: Broadbandnow.com, 2017

Taxes

wdt_ID Tax Percent
1 Corporate Income Tax (Single Sales Factor) 11.5%*
2 Personal Income Tax 1.4% to 10.75%
3 Sales Tax 6.625% (3.3125% in UEZs)

*Corporate Income Tax will decrease to 10.5% in January 2020 and 9% in 2022.

Source: NJ Department of Treasury, February 2019

LARGEST MUNICIPALITIES

wdt_ID Municipality Population
1 Newark 277,140
2 Jersey City 247,597
3 Paterson 146,199
4 Elizabeth 124,969
5 Edison 99,967
6 Woodbridge 99,585
7 Lakewood 92,843
8 Toms River 91,239
9 Hamilton 88,464
10 Trenton 84,913

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.

Peter Coats
Research Manager, Sector Lead: Clean Energy
Margie Piliere
Chief Economic Development Officer