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Expand or Relocate to New Jersey
      

New Jersey Business Data

Relocate or Expand to New Jersey

NJ business climate, manufacturer incentives, and advantages of local communities

Business Data for New Jersey


Population
8,707,739

Total Labor Force
4,586,769

Unemployment Rate
4.9%

# Manufacturers
8,856

Manufacturing Jobs
381,289

Right to Work
No

Unemp. Insurance Tax
0.4825–6.2825%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
9%

Sales Tax
7%. Exemptions include: Tangible personal property used in research and development; production machinery and equipment.

Property Tax
Property tax is an "ad valorem tax," or a tax according to value established by the county board of taxation in each county.

Leading Mfg. Industries
(by # of employees)
20% Chemicals and allied products
11% Printing and publishing
10% Food and kindred products
9% Electronic and other electric equipment
8% Instruments and related products

Largest Mfg. Employers
(by # of employees)
Novartis Pharmaceuticals Corp. (East Hanover) - 4,800
Lockheed Martin (Moorestown) - 4,500
Merck & Co., Inc. (Rahway) - 4,200
Alcatel-Lucent (Murray Hill) - 4,000
Crestron Electronics, Inc. (Rockleigh) - 3,000
Automatic Data Processing, Inc. (Roseland) - 3,000
Silver Line Building Products, LLC (North Brunswick) - 3,000
 
Counties with the Most Mfg. Jobs
Bergen - 67,167
Middlesex - 55,130
Morris - 43,810
Union - 38,699
Essex - 31,942

Cities with the Most Mfg. Jobs
Newark - 10,462
Parsippany - 8,707
Piscataway - 8,214
Somerset - 7,688
Moorestown - 7,678

Mfg. Related Business Incentives
• Bond Financing
• Business Employment Incentive Program (BEIP)
• Business Retention and Relocation Assistance Grant (BRRAG)
• BRRAG Tax Credit Certificate Transfer Program
• Customized Training Grants
• Edison Innovation Clean Energy Manufacturing Fund (CEMF)
• Energy Sales Tax Exemption for Certain Counties
• Foreign Trade Zones
• Main Street Business Assistance Program
• Manufacturing Equipment and Employment Investment Tax Credit Program
• New Jersey Business Growth Fund
• New Jersey Manufacturing Extension Program (NJMEP)
• New Jersey SmartStart Buildings Program
• New Jobs Investment Tax Credit
• Permitting Assistance
• Registered Apprenticeship Incentive Program
• Renewable Energy Incentive Program (REIP)
• Renewable Energy Manufacturing Incentive (REMI)
• Research & Development Tax Credit
• Urban Enterprise Zones (UEZ), offering the following: UEZ Employment Tax Credit; UEZ Manufacturers Energy Sales Tax Credit; UEZ Sales Tax Exemption on Purchases
• Site Selection Services

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from New Jersey

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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