POPULATION: 8,707,739 (2009 estimate)
LABOR FORCE: 4,510,000 (August 2009 estimate)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Agriculture, manufacturing, distribution,
services, financial activities
EXPANDING INDUSTRIES: International trade, biotechnology,
healthcare, research and development,
business services, travel
and tourism
COLLEGE GRADUATES: (Age 25 and over) 33.9%
(Sept. 2009 estimate)
BASIC BUSINESS TAXES:
Corporate Income Tax: 9 percent
of net income with adjustments;
7.5 percent for small businesses
Sales and Use Tax: 7 percent of
taxable sales and uses, rentals,
occupancies, and admissions
Property Tax: Real property subject
to taxation unless specifically
exempt; taxes administered by
local taxing districts; tax based
on percentage of assessed value
FINANCING PROGRAMS/
BUSINESS INCENTIVES:
Bond financing
Loans and loan guarantees
Small business programs:
• Main Street Business Assistance
Program
• Small Business Fund
• New Jersey Business Growth
Fund
• Statewide Loan Pool for
Business Program
• Workforce training programs, grants
• Registered Apprenticeship
Incentive Program
• New Jersey Manufacturing
Extension Program
Business incentive programs:
• Business Employment Incentive
Program (BEIP)
• Business Retention and
Relocation Assistance Grant
(BRRAG)
Miscellaneous business initiatives:
• Portfields Initiative
• International trade assistance
• Site selection services
• Permitting assistance
Technology-specific programs:
• Edison Innovation Growth
Fund
• Technology Business Tax
Certificate Transfer Program
• Edison Innovation Zones
• High-quality office and lab facilities
Clean energy programs:
• Clean Energy Manufacturing
Fund
• Direct Install
• Energy Efficiency &
Conservation Block Grants
• Local Government Energy
Audit
• New Jersey SmartStart
Buildings(c) Program
• Pay for Performance
• Renewable Energy Incentive
Program
• Renewable Energy
Manufacturing Incentive
• Solar Renewable Energy
Certificate Registration
Program
Urban/redevelopment/
environmental programs:
• Urban Plus Program
• Fund for Community Economic
Development
• Local Development Financing
Fund
• Smart Growth Predevelopment
Fund
• Hazardous Discharge Site
Remediation Loan and Grant
Program
• Brownfields and Contaminated
Site Remediation Program
• Urban Transit Hub Tax Credit
Program
• Economic Redevelopment and
Growth Grant
• Urban Enterprise Zone Program
