America's Top States For Business

43. New Jersey

Category Score 2014 Rank 2013 Rank
Cost of Doing Business11743 (Tie)42
Workforce1562321
Quality of Life1921823
Infrastructure & Transportation954743
Economy1384748
Education11841
Technology & Innovation2181515
Business Friendliness633741
Cost of Living74446
Access to Capital2011 (Tie)9
Overall11244342

Economic Profile

Governor: Chris Christie, Republican

Population: 8,899,339

GDP growth: 1.1 percent

Unemployment rate (May 2014): 6.9 percent

Top corporate tax rate: 9 percent

Top individual income tax rate: 8.97 percent

Gasoline tax: 33 cents/gallon

Bond rating/outlook: Aa3/negative

Major private employer: Wakefern Food Corporation

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, New Jersey FY 2013 CAFR

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