#47 New Jersey
2.76 out of 10 in Taxation and Regulation
5.43 out of 10 in Workforce Quality
4.98 out of 10 in Living Environment
Right to Work? ✗
State Profile
The New Jersey Economic Development Authority partners with nearly two dozen banks in the state to offers loans with up to a $2M EDA loan participation or $1.5M loan guarantee for fixed assets, up to a $750,000 loan participation or $1.5M loan guarantee for term working capital, and up to a $750,000 line of credit guarantee. Businesses must typically commit to creating a minimum number of jobs within two years, generally one job per $65,000 of EDA exposure.
Key Industries
Biotech, Clean Energy, Manufacturing
Key Companies
Campbell Soup
Chubb & Sons
Honeywell International
Johnson & Johnson
Lucent Technologies
Medco Health Solutions
Merck & Co.
Prudential Financial
Quest Diagnostics
Key Contacts
Economic Development Authority
Michele Brown, President & Chief Executive Officer
609.297.2186
201 Rockingham Row
Princeton, NJ
President@choosenj.com
http://www.choosenj.com/
CEO Comments
“New Jersey has high taxes, eroding infrastructure, the workforce works in New York City, government favors gambling organizations, budget is spent on governor ads for the state and his campaigns as well as his legal fees. Healthcare suffers. Public education suffers. Technology is behind most states.”
“Connecticut, New York and New Jersey: if you do not get your finances in order, you will have no business here. You are driving everyone out and do nothing to combat the problems. Every year your budget gets further and further in the red.”
Current Developments
YOU MIGHT ALSO BE INTERESTED IN…
- Advertisement -
CEO1000
CEO1000 Tracker
From the schools they went to to the types of companies they run, CEO1000 is tracking the trends among the CEOs of the 1,000 largest U.S. companies.
CEO CONFIDENCE INDEX
CEO Confidence Ticks Up In August
Strength in the overall economy, consumer confidence and the Trump administration’s pro-business agenda buoyed CEO confidence in August, even as worry persists about rising economic headwinds in the near future.
- Advertisement -
BEST & WORST STATES FOR BUSINESS
Best and Worst States For Business
Are you looking to relocate or expand? Evaluate each state's strengths with Chief Executive's 2018 Best & Worst States for Business.
CEO OF THE YEAR
CEO of the Year
Once a year, we celebrate the achievements of a CEO, honored for his or her success in and dedication to business, shareholders and customers.
SUBSCRIBE TO CHIEF EXECUTIVE
Sign Up to Receive Chief Executive’s Magazine and e-Newsletters
Chief Executive’s publications are designed to help CEOs do their jobs better and run their businesses more effectively. Subscribe here.
<