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  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

New Jersey Resources Page
Inward Investment Guides

Incentives, Trained Workers Help Food Processors to Grow in Cumberland County, New Jersey

Area Development Research Desk (2015 Food Processing)
A host of local, state, and federal incentives — as well as the availability of a well-trained workforce — has made it attractive for food processors such as Bridor and Allied Specialty Foods to grow in Cumberland County, N.J. More

Welcoming Others Remains an American Tradition

Nancy McLernon, President & CEO, Organization for International Investment (OFII) (Location USA 2015)
Global investors looking to expand in the U.S. will find an unrivaled consumer market; excellent education system; skilled, productive workforce; and transparent regulatory environment among other advantages. More

Expanding the Cloud: The Top Data Center Markets in North America

Area Development Research Desk (Data Centers 2015)
The data center market is seeing high demand and low price. The competitive pricing is due in part to the large number of options available, yet the industry is expected to enjoy 32 percent growth in North America by 2016, ultimately becoming a $14.8 billion market. More

Slideshow: 2014 Gold and Silver Shovel Award Recipients

Area Development Special Presentation (Directory 2015)
Shown here are 12 of the recipients of Area Development’s 2014 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job creation. All told, 20 states were recognized for their efforts. More

Regional Report: Growth in Biomedicine, Energy, and Food Processing Helping Mid-Atlantic Prosperity

Mark Crawford (Directory 2015)
In general, the Mid-Atlantic’s strongest sectors are financial and business services, healthcare, biomedicine, food processing, and energy. It’s been an uneven year for the Mid-Atlantic, but there are plenty of bright spots to light the way. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. More

In Focus: New Development of Small Industrial Facilities Expected as Inventory Dwindles

James Martell, President, Ridge Development Company, LLC (Q3 2014)
Lack of inventory for smaller scale industrial facilities in certain markets has created more competition among tenants and is expected to prompt activity from regional and national industrial developers, bringing new, state-of-the-art buildings to market. More

Leading Locations for 2014: U.S. Metros Ranked for Economic and Job Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
Area Development analyzes economic and workforce data for 379 MSAs, producing a snapshot of the cities across America that are poised to capitalize on the new potential for economic growth as the United States leaves the recession behind. A diversified economic base tops the most desirable traits. More

NEW JERSEY at a glance

POPULATION: 8,792,000 (2010 Census)

LABOR FORCE: 4,598,000


TRADITIONAL INDUSTRIES: Agriculture, life sciences, manufacturing, distribution, services, financial activities

EXPANDING INDUSTRIES: International trade, biotechnology, healthcare, research and development, business services, travel and tourism, food production

COLLEGE GRADUATES: (Age 25 and over) 34.6% (2010 Census)

Corporate Income Tax: 9 percent of net income with adjustments; 7.5 percent for small businesses. Single Sales Factor allocation formula takes effect January 1, 2014.

Sales and Use Tax: 7 percent of taxable sales and uses, including manufacturing utilities/fuel, office equipment, leases of tangible personal property. Sales tax exemptions for raw materials, manufacturing machinery, custom software, professional services, gasoline.

Property Tax: Real property subject to taxation unless specifically exempt; taxes administered by local taxing districts; tax based on percentage of assessed value. No personal property tax (on inventories, equipment, etc.)

Bond financing

Direct loans and loan guarantees/participations

Small business programs:
• Premier Lender Program
• Small Business Fund
• New Jersey Business Growth Fund
• Workforce training programs, grants
• Registered Apprenticeship Incentive Program
• New Jersey Manufacturing Extension Program

Business incentive programs:
• Grow NJ Assistance Program
• Sales and Use Tax Exemption (STX) Program

Miscellaneous business initiatives:
• Portfields Initiative
• International trade assistance
• Site selection services
• Permitting assistance

Technology-specific programs:
• Angel Investor Tax Credit Program
• Edison Innovation Angel Growth Fund
• Edison Innovation VC Growth Fund
• Edison Innovation Growth Stars Fund
• Edison Innovation Green Growth Fund
• Technology Business Tax Certificate Transfer (NOL) Program
• Venture Fund Investments
• High-quality office and lab facilities

Clean energy programs:
• Edison Innovation Clean Energy Manufacturing Fund
• Direct Install
• Local Government Energy Audit
• New Jersey SmartStart Buildings® Program
• Pay for Performance
• Solar Renewable Energy Certificate Registration Program
• Edison Innovation Green Growth Fund

Urban/redevelopment/ environmental programs:
• Fund for Community Economic Development
• Local Development Financing Fund
• Hazardous Discharge Site Remediation Loan and Grant Program
• Brownfields and Contaminated Site Remediation Program
• Economic Redevelopment and Growth Program
• Urban Enterprise Zone Program

Principal Manufacturing industries

  • Chemicals
  • Food
  • Computer & Electronic Products
  • Fabricated Metal Products
  • Printing & Related Support Activities
  • Machinery
  • Plastics & Rubber Products
  • Other Manufacturing Industries
Source: New Jersey Department of Labor and Workforce Development, May 2013