New Jersey

Overview

New Jersey is one of the original 13 colonies that made up the United States. It was originally part of the Netherland colonies in America until it was ceded to England alongside New York. It separated from New York to become its own entity in 1738. Today, New Jersey is the 4th smallest state but the 11th most populous, which makes it the most densely populated state in the US. It has wide industrial diversification, although its single largest industry is chemical manufacturing. Surprisingly, farms cover about 17% of New Jersey’s land area. The state ranks high in the production of almost all garden vegetables. Tourism is Jersey’s second largest industry, as people come to visit the unique culture of the Jersey Shore. The state is a great place to start a small business due to its diverse and innovative environment.

Industry Stats

  • More people work in pharmaceutical and medicine manufacturing than in department stores in New Jersey.
  • Over $1.7 billion was spent on weddings in New Jersey in 2015.
  • A staggering 187,891 people work in hospitals in this state. That’s 4.6% of the total workforce.
  • More people work in banking than justice and public order.
  • People from New Jersey spent an average of $4,351 on engagement rings last year.
  • There are only 2,848 barbers in the state of New Jersey. That’s one barber for every 3,000 people.

New Jersey is a unique environment for small businesses due to its prime location between New York and Philadelphia. This opens the door to robust metropolitan economies that can help fund your venture. Additionally, the dense population of the state ensures a diverse and innovative environment along with community-driven small business support.

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