Information courtesy of choosenj.com, a non-profit corporation created to encourage and nurture economic growth throughout New Jersey
New Jersey , the Garden State, was the first state to ratify the Bill of Rights in 1789 and was the first state to award public funding for stem-cell research in 2005. In between those years, New Jersey has hosted the invention of the phonograph, the invention of the transistor, and the building of the first enclosed mall. The state motto, ‘Liberty and Prosperity’ rings true for the 21 Fortune 500 companies headquartered in New Jersey.
Showing economic growth, New Jersey is the perfect place for businesses with the state GDP increasing 1.4% since 2010. New Jersey’s economic might is connected to its vast transportation infrastructure including 38,000 miles of public roads, home of the nation’s 14th busiest airport (Newark International Airport), and home to the nation’s 3rd busiest port (NY/NJ Port). The largest municipalities are Newark, Jersey City and Paterson with the largest employment sectors being :
- Education and healthcare services
- Trade, transportation and utilities
- Professional and business services
Some of the largest Fortune 500 companies are headquartered in New Jersey; Medco, Johnson & Johnson, Prudential Financial, Merck, Honeywell, and Toys ‘R’ Us.
Education in New Jersey is impressive with the state ranked the number 4 state for education in CNBC’s ‘Top States for Business 2012’ and ranked number 2 for K-12 achievement in Education Week’s ‘Quality Counts 2012’.
Bergen County is New Jersey’s most populous county and is ranked high among highest income counties nationwide. The largest municipalities are Hackensack, Teaneck, Fort Lee and Fair Lawn. The largest school districts in Bergen County are Ridgewood, Fair Lawn, Teaneck and Ramapo. Bergen County is only 18 miles from Newark International Airport, and 18 minutes to the nearest port. The key roads are the Garden State Parkway and the New Jersey Turnpike.
Relocating your business or family to New Jersey is the right move – New Jersey is the place to be !