NEW JERSEY An International Gateway AMAZON SUBARU FIVE BELOW W.W. GRAINGER HOME DEPOT HYUNDAI WILLIAMS-SONOMA CRATE & BARREL WAKEFERN GOYA FOODS TOYS R US JET COCA-COLA DESTINATION MATERNITY IKEA BARNES & NOBLE VOLKSWAGEN A perfect location in the heart of the U.S. Northeast and a world-class transportation infrastructure offering unsurpassed access to national and international markets have helped make New Jersey an international gateway and growing hub for logistics and distribution. Located in the center of one of the most concentrated and affuent consumer markets in the world, a distribution center in central New Jersey can serve more than 22 million consumers with nearly $800 billion in income within a 2-hour drive. This makes New Jersey ideal for same-day deliveries, attracting companies like Amazon, Blue Apron, Fresh Direct, HelloFresh, Peapod and ShopRite. In fact, New Jersey s strategic location offers easy access via road, rail, air or sea to virtually every place on the planet. Nearly 25,000 transportation, logistics and distribution establishments are located in New Jersey, including companies like Barnes & Noble, Coca-Cola, Crate & Barrel, Destination Maternity, Goya Foods, The Home Depot, Subaru, Volkswagen, Wakefern Food Corporation, Williams-Sonoma and W.W. Grainger.
ONE OF AMERICA S BUSIEST SEAPORTS New Jersey is home to the Port of New York and New Jersey, the 3rd largest seaport in North America and the largest and busiest maritime cargo center on the East Coast. Ranked #1 in the Jones Lang LaSalle Seaport Index for three consecutive years, the deep water Port of New York and New Jersey offers quick and easy transport of goods and products to national and international markets. Managed by the Port Authority of New York and New Jersey, the deep water ports of Newark, Elizabeth and Bayonne, when combined with the Authority s regional air cargo network, serve as a North American gateway for international freight and a leading hub for domestic cargo. The port handles every type of cargo imaginable including containers, roll-on/rolloff automobiles (Ro-Ro), liquid and dry bulk, breakbulk and specialized project cargo, with 54 container cranes ready to handle all types of cargo. The dollar value of all cargo that moved through the port was $208 billion in 2014. FOREIGN TRADE ZONES FTZ #44 FTZ #49 FTZ #142 FTZ #200 FTZ #235 MORRIS COUNTY PORT NEWARK/ ELIZABETH MARINE TERMINAL SALEM COUNTY MERCER COUNTY AIRPORT IN TRENTON OCEAN COUNTY The ExpressRail system provides direct ocean-to-rail intermodal capabilities, with on-dock rail lines. Three port companies supply floating derricks, including the largest on the East Coast. In addition, the area hosts a wide selection of freight forwarders, brokers, financial firms, specialized export packers and other services to move cargo effciently and quickly from the port to its destination by road or rail. Major capital projects are currently underway at New Jersey s ports to ensure they are ready for future trade activity. To accommodate post-panamax activity at Port Newark/Elizabeth, a $743.3 million rebuilding project to raise the clearance of the Bayonne Bridge is currently underway. The project, which began in 2013, will raise the bridge s clearance to 215 feet to accommodate larger ships coming from Asia to the East Coast after the expansion of the Panama Canal. New Jersey also boasts one of the largest contiguous foreign trade zones in the U.S. FTZ #49 encompasses 2,100 acres at the Port Newark/Elizabeth Marine Terminal, plus another 1,800 acres at several sub-zones in the area. A major development project has also been completed at the Paulsboro Marine Terminal on the Delaware River in South Jersey. The South Jersey Port Corporation (SJPC) in conjunction with Holt Logistics Corp. constructed a new, state-of-the-art marine terminal. The 190-acre facility is the first new multi-purpose marine terminal to be constructed on the Delaware River in over 50 years and is a modern multi-faceted facility that will increase shipping capacity for a full range of commodities.
Philadelphia Morristown Bridgewater Camden Trenton Princeton Parsippany New Brunswick Newark Jersey City FOR FOOD COMPANIES, NEW JERSEY S WORLD CLASS TRANSPORTATION AND LOGISTICS INFRASTRUCTURE IS A CRUCIAL ADVANTAGE. Cheryl Williams, Chief Information Officer, Wakefern Food Corporation Hoboken New York City UNRIVALLED ROAD NETWORK With 2,800 miles of interstates and highways and the nation s highest railroad density, New Jersey offers unrivalled access to consumers and businesses throughout North America. New Jersey s interstates and highways provide unrivalled connectivity to virtually every road network and major market in the country. Interstate 95/New Jersey Turnpike, the primary interstate along the U.S. east coast, provides access to markets from New England to Florida, including major metropolitan markets like Boston, New York, Philadelphia, Baltimore, Washington D.C., Richmond, Savannah, Jacksonville and Miami. Interstate 80, a U.S. transcontinental highway, runs from New Jersey to California. Interstate 78 links New Jersey s ports to points west, accommodating more than 4 million trucks each year. Garden State Parkway stretches the length of the State from north to south. The Atlantic City Expressway, Interstates 87, 195, 280, 287, and 295, and the Palisades Interstate Parkway not only connect companies with consumers, but give the State s residents direct access to beaches, parks, recreation and entertainment venues throughout the region.
AMTRAK ACELA WASHINGTON TO BOSTON CORRIDOR CARGO AND PASSENGER RAIL SERVICE Extensive cargo and passenger rail networks move freight and people throughout the State and beyond. Nearly 1,000 Miles of Rail Freight Lines: Norfolk Southern, CSX, Canadian Pacific Railway and a number of other railroads transport goods and products from New Jersey to national cargo networks and markets throughout the U.S. NJ Transit: NJ Transit provides passenger rail and bus service throughout the State via an extensive service area that spans more than 5,300 square miles. The system carries 900,000 passengers each day, and registers 3.4 million annual passenger miles. NJ Transit provides easy access to Newark International Airport and New York City, and connects to the PATH system to New York City and SEPTA to Philadelphia. Amtrak s Northeast Corridor: Rail travelers have access to Amtrak Acela, a high-speed train that runs along Amtrak s Northeast Corridor, connecting passengers to New York, Washington, D.C. and Boston.
REYKJAVIK UVER CALGARY QUEBEC CITY OTTAWA MONTREAL TORONTO HALIFAX OSLO HELSINKI STOCKHOLM RIGA GLASGOW EDINBURGH MANCHESTER COPENHAGEN BELFAST SHANNON BIRMINGHAM HAMBURG DUBLIN AMSTERDAM BERLIN WARSAW LONDON DUSSELDORF FRANKFURT BRUSSELS PARIS MUNICH VIENNA GENEVA ZURICH MILAN BELGRADE NICE BARCELONA ROME PORTO MADRID ISTANBUL LISBON KIEV BERMUDA CASABLANCA TEL AVIV CAIRO MONTERREY NASSAU GUADALAJARA MEXICO CITY PROVIDENCIALES CANCUN PUERTO PLATA PORT AU PRINCE SANTIAGO SAINT THOMAS GRAND CAYMAN SAN JUAN MONTEGO BAY AGUADILLA KINGSTON SANTO DOMINGO PONCE SAINT MAARTEN PUNTA CANA ANTIGUA SAINT LUCIA POINTE-A-PITRE SAN SALVADOR ARUBA BARBADOS GRENADA LIBERIA SAN JOSE CARTAGENA PORT OF SPAIN CARACAS PANAMA CITY MEDELLIN GEORGETOWN BOGOTA DAKAR ACCRA LOME LAGOS QUITO GUAYAQUIL LIMA SAO PAULO RIO DE JANEIRO JOHANNES SANTIAGO BUENOS AIRES DAILY NON-STOP FLIGHTS FROM NEW JERSEY 100+ 35+ 35 14 10 NORTH AMERICA EUROPE SOUTH AMERICAN & CARIBBEAN MIDDLE EAST & AFRICA ASIA UNPARALLED GLOBAL ACCESS VIA AIR Accommodating 36 million passengers and 700,000 tons of air cargo each year, Newark Liberty International Airport ranks as the nation s 14th busiest airport. More than 25 air carriers conduct over 1,200 daily plane movements to a network of domestic and international destinations. With nearly 1.4 million square feet of cargo space, Newark Liberty International Airport also is a major hub for express carriers. Located directly adjacent to Port Newark and Elizabeth and Foreign Trade Zone #49, the airport provides fast and effcient air-sea connections. Businesses and travelers also have easy access to scheduled air service at Trenton/Mercer Airport, Atlantic City International Airport, JFK International Airport, LaGuardia Airport and Philadelphia International Airport.
INCENTIVES & WORKFORCE DEVELOPMENT Angel Investor Tax Credit Program: Provides refundable tax credits against New Jersey corporation business or gross income tax for 10 percent of a qualified investment in an emerging technology business with 75 percent of their employees in New Jersey that conducts research, manufacturing or technology commercialization. Founders and Funders: Gives emerging tech and life sciences companies in New Jersey access to angel and venture capital investors. Grow New Jersey Assistance Program (Grow NJ): Companies may qualify for fully transferable tax credits by creating as few as 25 full-time jobs (10 for new technology startups). Tax credits range from $500 to $5,000 per job, per year, over ten years, with numerous bonus credits, each ranging from $250 to $2,000 per job, per year if the project meets certain requirements. Technology Business Tax Certificate Transfer Program (NOL): Allows New Jersey-based technology and biotechnology companies to sell their New Jersey net operating tax losses and R&D tax credits to unrelated profitable corporations. Customized Training Grants: The New Jersey Department of Labor & Workforce Development offers competitively-awarded training funds to help businesses develop industry-specific solutions to the workforce challenges they face. New Jersey s Technology Talent Network: The State develops strategic partnerships with employers, educators and workforce development professionals to connect employers with trained employees and provide workforce training. Development STATE SUPPORT AT ALL STAGES OF GROWTH Launch Growth Angel Investor Tax Credit Founders & Funders Technology Business Tax Credit Transfer Program (NOL) Mature Grow NJ Assistance Program
LOGISTICS EMPLOYMENT TOP OCCUPATIONS WITHIN LOGISTICS Sussex County 971 Passaic County 8,139 OCCUPATIONAL GROUP New Jersey Employment Transportation and Material Moving 115,140 Offce and Administrative Support 77,880 Warren County 813 Morris County 16,033 Essex County 13,327 Union County 12,280 Bergen County 35,543 Hudson County 13,289 Sales and Related 48,800 Management 24,280 Hunterdon County 1,787 Somerset County 10,952 Business and Financial Operations 18,280 Installation, Maintenance, and Repair 13,440 Production 12,030 Mercer County 6,100 Middlesex County 30,652 Monmouth County 7,773 Computer and Mathematical 8,170 2013 Logistics Employment 36,000-20,001 20,000-12,001 12,000-8,001 8,000-4,001 4,000-1 Salem County 360 Gloucester County 7,742 Camden County 7,359 Burlington County 11,041 Atlantic County 2,366 Ocean County 3,039 New Jersey Total: 211,764 Cumberland County 2,765 Cape May County 322 Data Source: Quarterly Census of Employment & Wages, 2013 Annual Averages, NJLWD
ACCESS TO ROADS, RAIL & MAJOR CITIES Parsippany Morristown Hoboken New York City Bridgewater Princeton Newark Jersey City Trenton New Brunswick Philadelphia Camden Atlantic City Train Stations New Jersey Cities Major Highways
ACCESS TO AIR & WATER TRANSPORTATION George Washington Bridge Heliport Teterboro Airport Port Imperial Weehawken Edgewater Essex County Airport Lincoln Harbor Hoboken North Morristown Municipal Airport Newport Helistop Hoboken Kearny Helistop Heliport Newport Paulus Hook Pier Newark Liberty International Liberty Harbor Central Jersey Regional Airport Paulus Hook Pier Helistop Princeton Airport Port Newark/Elizabeth Liberty Landing Marina Port Liberte Carnegie Center Heliport Linden Airport Liberty State Park Helistop Bayonne Piers Belford-Harbor Way Atlantic Highlands Trenton-Mercer Airport Monmouth Executive Airport 185 Monmouth Parkway Associates Helistop Heliport Hargrove Heliport South Jersey Regional Port of Camden Port of Paulsboro Port of Salem Atlantic City Int l Airport Bridgeton Heliport Cape May County Airport Helipads Airports Ferries Ports
ACCESS TO EDUCATION Ramapo College of New Jersey William Paterson University Montclair State University Fairleigh Dickinson University Stevens Institute of Technology Seton Hall University New Jersey Institute of Technology St. Peter s University New Jersey City University Rutgers University- Newark Rutgers University- New Brunswick Princeton University The College of New Jersey Rutgers University- Camden Rider University Thomas Edison State University Monmouth University Rowan University Stockton University 4-Year Universities
LOGISTICS CLUSTERS (SELECTED) Toys R US Amazon Hyundai Volkswagen Home Depot Mercedes Benz Amazon Wakefern Barnes and Noble Costco Williams-Sonoma Petco Pearson Education Crate & Barrel Amazon Coca-Cola Wakefern Goya Foods IKEA Subaru W.W. Grainger Destination Maternity Jet Five Below Logistics Companies (A Representative Sampling)
BROADBAND COVERAGE IN NEW JERSEY #3 Most Connected State 98.8% have access to wired broadband (25 mbps or faster) 96.5% have access to wired broadband (100 mbps or faster) Sussex County 22.9% Warren County 52.2% Morris County 99.8% Passaic County 100% Essex County 99.5% Union County 99.7% Bergen County 97% Hudson County 99.7% Hunterdon County 86.8% Somerset County 99.3% Broadband Coverage 100 mbps Middlesex County 99.3% 100-90% 89-60% Mercer County 97.8% Monmouth County 99.5% 59-30% 29-0% Camden County 97.5% Burlington County 96.1% Ocean County 98.3% Gloucester County 97.7% Salem County 94.3% Atlantic County 95.1% Cumberland County 93% Cape May County 95.8% Data Source: Broadbandnow.com (Sourced from: The Broadband Commission, Federal Communications Commission, United States Department of Commerce)
WHY CHOOSE NEW JERSEY HIGHLY EDUCATED WORKFORCE 36% of the workforce has a college degree Highest concentration of scientists and engineers in the world Ranked #5 for education and workforce in CNBC s 2015 Top States for Business 63 colleges and universities, including Princeton University, Rutgers University, Rowan University, New Jersey Institute of Technology and Stevens Institute of Technology STRATEGIC LOCATION At the heart of the Northeast Corridor #3 logistics market in the U.S. Within a two-hour drive of 22 million consumers with $800 billion in income Within one day s drive to 130 million consumers with $3 trillion in disposable income INTERNATIONAL GATEWAY 270+ U.S. headquarters of foreign companies 19 Fortune 500 Companies and 4 Global 500 headquarters Comprehensive network of world-class seaports and airports Nonstop flights to 110 international destinations GENEROUS INCENTIVES With the Grow NJ Assistance program, companies may qualify for fully-transferable tax credits by creating as few as 25 full-time jobs or retaining 35 full-time jobs. Manufacturers may qualify by creating as few as 10 full-time jobs or retaining 25 full-time jobs. FIRST-CLASS QUALITY OF LIFE Ranked #1 by Niche Rankings Best States to Raise a Family in America Diverse population with communities of interest for international companies 130 miles of beaches, four professional sports teams, rich arts and culture
CONTACT Choose New Jersey, Inc. 201 Rockingham Row Princeton Forrestal Village Princeton, New Jersey 08540 phone: 609-297-2200 www.choosenj.com Frank Danieli Economic Development Associate phone: 609.297.2196 email: fdanieli@choosenj.com ABOUT CHOOSE NEW JERSEY, INC. Founded in 2010, Choose New Jersey s mission is to encourage and nurture economic growth throughout New Jersey, with a focus on our urban centers. Through integrated marketing and business attraction and retention efforts, we stimulate job creation and capital investment, and collaborate with the State s universities to encourage research, discovery, and innovation. Privately funded, Choose New Jersey is supported by a prominent group of leaders from many of the State s Fortune 500 and other top companies, privately-held ventures, labor organizations, associations, and higher education institutions. These organizations represent 1.25 million people, or nearly one-quarter of the State s private-sector workforce. Choose New Jersey markets the State as a premier business location to both domestic and international businesses, and offers companies interested in locating or expanding in New Jersey a full range of complimentary services to ensure a smooth process from planning through move-in including: Customized RFP responses Market assessment and planning services Site visits State assistance information Connections to a wide range of services provided by our public and private partners from regulatory and legal assistance to workforce training. 2017 Choose New Jersey, Inc., a private 501(c)(3) corporation. R 8/17