New Jersey Profile

0 %
Unemployment Rate

Source: NJ Dept of Labor and Workforce Development, January 2020

0
Labor Force

Source: Bureau of Labor Statistics, October 2019

0
Population

Source: US Census, July 2018

$ 0 B
STATE GDP
(CURRENT DOLLARS)

Source: US Bureau of Economic Analysis, Q2 2019

$ 0
2018 PER CAPITA
PERSONAL INCOME

Source: US Bureau of Economic Analysis, 2018

0 %
OF U.S. GDP

Source: US Bureau of Economic Analysis, Q2 2019

20 NEW JERSEY FORTUNE 500 COMPANIES 2019

*Also listed as Global 500 Companies
Source: Fortune, June 2019

LARGEST EMPLOYERS IN NEW JERSEY

wdt_IDRankCompanyIndustryNJ Employees
11RWJBarnabas HealthHealth care31,683
22Rutgers, The State University of New JerseyHigher education26,170
33United AirlinesAirline/aviation14,000
44Johnson & JohnsonHealth care13,996
55Bank of AmericaFinancial services10,000
66CVS HealthPharmacy innovation company9,500
77Prudential Financial Inc.Financial services9,470
88VirtuaHealth care9,000
99JPMorgan Chase & Co.Financial services8,000
1010TD Bank N.A.Finance/banking8,000

Source: NJBIZ Top Employers List 2017
*Non-governmental

LARGEST EMPLOYERS IN NEW JERSEY BY INDUSTRY

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

Source: NJBIZ Top Employers List 2017
*Non-governmental

EDUCATION ATTAINMENT

wdt_IDDEGREENJUS
1High School Graduate or Higher8987
2Bachelor’s Degree or Higher3831
3Graduate or Professional Degree1512

Source: US 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_IDInstituteCountyUndergradGraduate
1Rutgers UniversityCamden, Essex, Middlesex56,73722,085
2Montclair State UniversityEssex18,7985,224
3Rowan UniversityGloucester17,4703,835
4Thomas Edison University of New JerseyMercer15,1701,035
5Kean UniversityUnion13,7303,090
6William Paterson UniversityPassaic10,4591,963
7New Jersey Institute of TechnologyAtlantic9,7721,204
8New Jersey Institute of TechnologyEssex9,6203,538
9Fairleigh Dickinson UniversityBergen, Morris9,1393,852
10New Jersey City UniversityHudson7,5282,355

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

County Colleges

wdt_IDInstituteCountyUndergrad
1Bergen Community CollegeBergen19,671
2Brookdale Community CollegeMonmouth18,316
3Camden County CollegeCamden17,037
4Middlesex County CollegeMiddlesex16,876
5Rowan College at Burlington CountyBurlington15,412
6Ocean County CollegeOcean14,075
7Union County CollegeUnion13,323
8Hudson County Community CollegeHudson12,008
9Essex County CollegeEssex11,840
10County College of MorrisMorris11,319

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

  • 11th busiest airport in the United States
  • 43.2 million passengers and more than 747,000 tons of cargo handled in 2018

PHILADELPHIA INTERNATIONAL AIRPORT

  • 20th busiest airport in the United States
  • 29.6 million passengers handled in 2018

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_IDTaxPercent
1Corporate Income Tax (Single Sales Factor)10.5%*
2Personal Income Tax1.4% to 10.75%
3Sales Tax6.625% (3.3125% in UEZs)

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

Source: NJ Department of Treasury, January 2020

LARGEST MUNICIPALITIES

wdt_IDMunicipalityPopulation
1Newark282,090
2Jersey City265,549
3Paterson145,627
4Elizabeth128,885
5Lakewood104,157
6Edison100,693
7Woodbridge100,450
8Toms River93,717
9Hamilton87,552
10Clifton85,273

Source: US 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