Consultants Forum    |   FacilityLocations    |   FastFacility    |   Advertise    |   Subscribe    |   Newsletter    |   RSSRSS
New Jersey Resources Page
Inward Investment Guides

New Jersey Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
New Jersey's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Ports Jockey for Post-Panamax “Pole Position”

Tim Feemster, Managing Principal, Foremost Quality Logistics (Q1 2014)
East and Gulf Coast ports are gearing up to accommodate the supersized containerships that will be able to traverse the expanded Panama Canal — and the delayed expansion process has given them the advantage of time to get ready. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More

A Look Back - and Ahead - at the 2013/2014 Legislative and Incentives Landscape

Jason Hickey, President, Hickey & Associates, LLC (Directory 2014)
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency. More

Regional Report: Mid-Atlantic Region Drawing High-Tech Investment

Karen Thuermer (Directory 2014)
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries. More

Criteria for Selecting a High-Tech Cluster

Amber Schiada, Research Manager, Markets, Jones Lang LaSalle (Q4 / Fall 2013)
Companies locating in “tech-friendly” communities can find the foundation for their success, while also helping the local economy to grow — a win-win situation all around. More

Market Report: Advances in Biotech Help Life Sciences to Thrive

Beth Mattson-Teig (Q4 / Fall 2013)
Biotechnology is driving growth in the life sciences sector, which has faced numerous challenges, particularly in the pharmaceuticals industry. More

Leading Locations for 2013: The Mid-Atlantic MSAs

Area Development Magazine Special Presentation (Q2 / Spring 2013)
Encompassing Delaware, Maryland, New Jersey, New York, and Pennsylvania, the Mid-Atlantic region boasts a diverse industrial base that employs thousands at high-technology, life sciences, financial services, and agri-business firms. More
News Items
 
Around The Web
 
Studies/Research
News Items
 
Around The Web
 
Studies/Research

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)

Miscellaneous business initiatives:
• Portfields Initiative

• International trade assistance

• Site selection services

• Permitting assistance

Technology-specific programs:
• Edison Innovation Angel Growth Fund

• Edison Innovation VC Growth Fund

• Edison Innovation Growth Stars Fund

• Technology Business Tax

Certificate Transfer Program

• Edison Innovation Zones

• 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

• Renewable Energy Incentive Program

• Renewable Energy Manufacturing Incentive

• Solar Renewable Energy Certificate Registration Program

• Edison Innovation Green Growth Fund

• Energy Efficiency Revolving Loan 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

• Urban Transit Hub Tax Credit Program

• Economic Redevelopment and Growth Program

• Urban Enterprise Zone Program

Principal Manufacturing industries

  • Chemicals
    20.7%
  • Food
    12.3%
  • Computer & Electronic Products
    10.4%
  • Fabricated Metal Products
    8.9%
  • Printing & Related Support Activities
    6.6%
  • Machinery
    5.6%
  • Plastics & Rubber Products
    5.5%
  • Other Manufacturing Industries
    30.0%