New Jersey is home to several major pharmaceutical companies.Â
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| Category | Score | 2018 Rank | 2017 Rank | Grade |
|---|---|---|---|---|
| Workforce | 244 | 18 | 26 | B |
| Infrastructure | 164 | 43 | 46 | D+ |
| Cost of Doing Business | 59 | 50 | 45 (Tie) | F |
| Economy | 138 | 31 | 31 | C- |
| Quality of Life | 194 | 16 | 13 | B- |
| Technology & Innovation | 134 | 18 | 18 (Tie) | B- |
| Education | 145 | 7 | 4 | A- |
| Business Friendliness | 33 | 44 | 42 | F |
| Access to Capital | 82 | 9 | 9 (Tie) | A- |
| Cost of Living | 10 | 41 | 41 | F |
| [[link#104545209#Overall]] | 1203 | 36 | [[link#104395394#32]] | - |
Economic Profile
Governor: Phil Murphy, Democrat
Population: 9,005,644
GDP growth (Q4 2017): 2.1 percent
Unemployment rate (May 2018): 4.4 percent
Top corporate tax rate: 9 percent
Top individual income tax rate: 8.97
Gasoline tax: 37.10 cents/gallon
Bond rating (Moody's/S&P): A3, stable/A-, stable
Major private employers: Wakefern Food Corporation, Johnson & Johnson
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
