NJ Tech Industry Outlook

On Dec 14, 2020

Disclaimer: Sponsored content articles do not reflect the opinions of New Jersey Business magazine or the New Jersey Business & Industry Association.

An influx of technology companies are looking to New Jersey to hire the best and brightest, take advantage of our strategic location and tap into an innovation ecosystem that supports rapid growth – all at a more affordable price than New York City or Silicon Valley.

New Jersey is home to giants like Audible, Panasonic, Verizon and Samsung changing the way we work, communicate and create. Newark has one of the fastest fiber optic networks in the world and was ranked among the top 10 cities in the U.S. for computer programmers to live and work. The New Jersey region ranks #2 in employment for software and application developers and #3 in cybersecurity analysts.

New Jersey has more than 70 collaborative workspaces, incubators and accelerators that help young companies scale, in addition to investors like Newark Venture Partners. Entrepreneurs find the financial and mentorship support they need to thrive in New Jersey. In fact, Jersey City leads the world in highest percentage of female-founded startups.

New Jersey’s East Coast location offers market access and convenience any forward-thinking company needs. We are located in the heart of the Northeast corridor, with 56.5 million residents and $3.75 trillion in economic output. Our combined regional airports in Newark, New York City and Philadelphia create the #1 airport system in the U.S. Located just 10 minutes from New York City via PATH commuter rail service or ferry, it takes less time to travel from Jersey City to Wall Street than it does from Midtown Manhattan.

Add the #1 ranked public school system and #1 ranked university in the U.S., hundreds of miles of beaches and thriving, diverse cities and you’ve got one of the best places in the world to live, work and play. It’s clear why tech multinationals and startups alike are plugging into New Jersey.

Choose New Jersey is a privately funded 501 (c)(3) economic development organization with a mission to stimulate job creation and attract capital investment to New Jersey. Learn more at www.choosenj.com.

Disclaimer: Sponsored content articles do not reflect the opinions of New Jersey Business magazine or the New Jersey Business & Industry Association.

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