Business Climate in New Jersey
New Jersey is the headquarters for 20 Fortune 500 companies. New Jersey top industries include banking and financial services, biotechnology and life sciences, communications, and manufacturing. Often referred to as the "Medicine Chest of the World," New Jersey is a hub of pharmaceutical and medical technology enterprise, creating a $29.3 billion economic impact and employing more than 131,000 people. With ports in Elizabeth, Newark, Jersey City and Camden, Newark Liberty International Airport and 38,000 miles of highway, New Jersey is a center of logistics and distribution. Princeton University and Rutgers University are part of an impressive roster of New Jersey colleges and universities. With 130 miles of coastline, New Jersey beaches draw millions of visitors each year. The 70,000-acre Delaware Water Gap National Recreation Area offers 100 miles of scenic hiking trails, kayaking and fishing.