Regional Review: Mid-Atlantic States’ New FDI Initiatives

Mali R. Schantz-Feld (Location USA / April 2013)

Educational and research institutions, state government’s willingness for change, and signature Mid-Atlantic tenacity provide the foundation for this region’s momentum heading into more promising economic times. More

The Top-10 Cities for Life Sciences Companies in 2013

Area Development Online Research Desk (March 2013)

JLL’s second annual life sciences cluster report ranks top-10 cities for life sciences companies in 2013. More

Market Report: Life Sciences Site Selection Focused on Smaller Cities, Access to Innovation and Incentives

Richard McBlaine, International Director, Solutions Development & Chairman - Strategic Consulting, Jones Lang LaSalle, Jones Lang LaSalle (Q1 / Winter 2013)

North American life sciences companies are shuffling and right-sizing their footprints to maximize ROI in R&D and other corporate functions and, increasingly looking toward smaller metropolitan areas with rising industry influence. More

Federal and State Legislative Moves to Boost Competitiveness & Business Climate

Jason Hickey, President, Hickey & Associates, LLC (Q1 / Winter 2013)

Understanding the competitive economic climate across the United States, Congress and state legislatures continue to propose new legislation to compete in today’s economic environment. More

2013 Real Estate Outlook Part I: Ecommerce Requirements Drive Demand for New Generation Industrial Space

Craig Meyer, Executive Managing Director and leader of Jones Lang LaSalle’s Logistics and Industrial Services group, Jones Lang LaSalle (Q1 / Winter 2013)

Growth in “e-tailing,” as well as Class I railroad investment, is having a noticeable impact on the demand and development of industrial space. More

Which States Lead in the “New Economy”?

Area Development Online Research Desk (December 2012)

It’s been more than three years since the Great Recession ended, and only six states have regained employment levels enjoyed prior to the recession, while 17 states are still more than 5 percent below their pre-recession employment levels. This is according to The 2012 State New Economy Index from the Information Technology and Innovation Foundation (ITIF). More

LINK: The 2012 State New Economy Index - ITIF

Regional Review: Mid-Atlantic States Focus on New Initiatives

Mali R. Schantz-Feld (August 2012)

As the Mid-Atlantic States slowly plod toward recovery, each state is concentrating efforts on differentiating from the pack. More

Colliers International: Will the United States Be Ready for Intermodalism?

Area Development Online Research Desk (August 2012)

Colliers International recently released its North American Port Analysis Report highlighting the rapid growth of "intermodalism" and the need for significant investment in U.S. ports post-Panamax. More

NEW JERSEY at a glance

POPULATION: 8,792,000 (2010 Census)

LABOR FORCE: 4,597,000

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, food production

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

BASIC BUSINESS TAXES:
Corporate Income Tax: 9 percent of net income with adjustments; 7.5 percent for small businesses (phasing in Single Sales Factor)

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) & Sales and Use Tax Exemption (STX)