Industries
New Jersey's economy is multifaceted, featuring high levels of both productivity and retail consumption; the Garden State's economy comprises the pharmaceutical industry, biotechnology, information technology, the financial industry, tourism, filmmaking, telecommunications, gambling, food processing, electrical equipment manufacturing, printing, and publishing. New Jersey's agricultural outputs are nursery stock, horses, vegetables, fruits and nuts, seafood, and dairy products. New Jersey ranks second among states in blueberry production, third in cranberries and spinach, and fourth in bell peppers, peaches, and head lettuce. The state harvests the fourth-largest number of acres planted with asparagus. South Jersey has become an East Coast epicenter for logistics and warehouse construction. In 2025, 99.7% of businesses in New Jersey were small businesses, employing 48.8% of the state's workforce.
New Jersey has a strong scientific economy and is home to major pharmaceutical and telecommunications firms, drawing on the state's large and well-educated labor pool, including one of the highest concentrations of engineers and other scientists in the world. There is also a robust service economy in retail sales, education, and real estate, serving residents who work in New York City or Philadelphia. Thomas Edison invented the first electric light bulb at his home in Menlo Park, Edison in 1879. New Jersey is also a key participant in the renewable wind industry. New Jersey has more scientists and engineers per square mile than anywhere in the world, and is a global leader in pharmaceuticals, biotechnology, life sciences, and technology.
New Jersey hosts numerous business headquarters, including twenty-four Fortune 500 companies. Paramus in Bergen County has become the top retail ZIP code (07652) in the United States, with the municipality generating over US$6 billion in annual retail sales. Several New Jersey counties, including Somerset (7), Morris (10), Hunterdon (13), Bergen (21), and Monmouth (42), have been ranked among the highest-income counties in the United States.
Shipping is a key industry in New Jersey because of the state's strategic geographic location, the Port of New York and New Jersey being the busiest seaport on the U.S. East Coast. The Port Newark-Elizabeth Marine Terminal was the world's first container port and today is one of the world's largest and busiest. New Jersey's location at the center of the Eastern North American population belt has made the state a prime hub for the logistics, warehousing, and supply chain management industries. The manufacturing economy in New Jersey had declined for several decades in the post-Industrial Revolution era but has since resumed growth.
New Jersey's location at the center of the Northeast megalopolis and its extensive transportation system have put over one-third of all United States residents and many Canadian residents within overnight distance by land. This accessibility to consumer revenue has enabled seaside resorts such as Atlantic City and the remainder of the Jersey Shore, as well as the state's other natural and cultural attractions, to contribute significantly to the record 111 million tourist visits to New Jersey in 2018, providing US$44.7 billion in tourism revenue, directly supporting 333,860 jobs, sustaining more than 531,000 jobs overall including peripheral impacts, and generating US$5 billion in state and local tax revenue.
In 1976, a referendum by Jersey voters approved casino gambling in Atlantic City, where the first legalized casino opened in 1978. At that time, Las Vegas was the only other casino resort in the country. Today, several casinos lie along the Atlantic City Boardwalk, the oldest and longest boardwalk in the world, at 5+1⁄2 miles (8.9 km) in length. Atlantic City experienced a dramatic contraction in its stature as a gambling destination after 2010, including the closure of multiple casinos since 2014, spurred by competition from the advent of legalized gambling in other northeastern U.S. states.
On February 26, 2013, Governor Chris Christie signed online gambling into law. Sports betting has become a growing source of gambling revenue in New Jersey, with sportsbooks bringing in almost $12 billion in bets, making over $1 billion in revenue in 2023. Since being legalized across the nation by the U.S. Supreme Court on May 14, 2018, New Jersey led all states in sports betting handle until New York passed them. In September 2022, the lifetime revenue from online casinos operating in New Jersey for the nine years since the industry's launch had surpassed $5 billion.
New Jersey is a growing center for filmmaking and television production, with media companies, enticed by its proximity to Manhattan, in conjunction with tax incentives, collectively spending billions of dollars to develop large new studio facilities and sound stage complexes. Motion picture technology was developed by Thomas Edison, with much of his early work done at his West Orange laboratory. Edison's Black Maria was the first motion picture studio. America's first motion picture industry started in 1907 in Fort Lee and the first studio was constructed there in 1909. DuMont Laboratories in Passaic developed early sets and made the first broadcast to the private home.
A number of television shows and films have been filmed in New Jersey. Since 1978, the state has maintained a Motion Picture and Television Commission to encourage filming in-state. New Jersey has long offered tax credits to television producers. Governor Chris Christie suspended the credits in 2010, but the New Jersey State Legislature in 2011 approved the restoration and expansion of the tax credit program. Under bills passed by both the state Senate and Assembly, the program offers 20 percent tax credits (22% in urban enterprise zones) to television and film productions that shoot in the state and meet set standards for hiring and local spending. When Governor Phil Murphy took office, he instated the New Jersey Film & Digital Media Tax Credit Program in 2018 and expanded it in 2020. The benefits include a 30% tax credit on film projects and a 40% subsidy for studio developments.
New Jersey has several PBS member stations: WNET (13) in Newark, WNJN (50) in Montclair, WNJB (58) in New Brunswick, WNJS (23) in Camden and WNJT (52) in Trenton.
There are no standard commercial network affiliates in the state. WMGM-TV (Wildwood) lost its affiliation with NBC in 2014. Viewers in northern New Jersey receive New York City market stations over cable or over the air; southern New Jersey viewers receive Philadelphia market stations over cable or over the air.
WMGM now affiliates with the True Crime Network. WJLP (Middletown) affiliates with the retro network MeTV. There are Telemundo affiliates in Fort Lee, Linden and Mount Laurel, and Univision affiliates in Paterson and Vineland.
Jersey City's Hudson River waterfront, from Exchange Place to Newport, is known as Wall Street West and has over 13 million square feet of Class A office space. One third of the private sector jobs in the city are in the financial services sector: more than 60% are in the securities industry, 20% are in banking and 8% in insurance. Jersey City is home to the headquarters of Verisk Analytics and Lord Abbett, a privately held money management firm. Companies such as Computershare, ADP, IPC Systems, and Fidelity Investments also conduct operations in the city. In 2014, Forbes magazine moved its headquarters to the district, having been awarded a $27 million tax grant in exchange for bringing 350 jobs to the city over a ten-year period. By the early 2020s, the construction of residential skyscrapers Downtown made median rental rates in Jersey City amongst the highest of any city in the United States.
Limited mining activity of zinc, iron, and manganese still takes place in the area in and around the Franklin Furnace in Sussex County.
Although New Jersey is home to many energy-intensive industries, its energy consumption is only 2.7% of the U.S. total, and its carbon dioxide emissions are 0.8% of the U.S. total. New Jersey's electricity comes primarily from natural gas and nuclear power. New Jersey is seventh in the nation in solar power installations, enabled by one of the country's most favorable net metering policies and renewable portfolio standard. The state has more than 140,000 solar installations.