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Technology

From industry giants to startups, technology companies know that New Jersey has an ecosystem for enterprise with the smartest workforce in the country.

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New Jersey Has It All For Technology

New Jersey is the birthplace of tech breakthroughs that have changed the world, from Thomas Edison’s lightbulb to the visionary advancements made at Bell Labs. Today, we’re riding the next wave of tech disruption, with a landscape that welcomes everyone, from startups and tech behemoths like Audible, Panasonic, Verizon, and Samsung.

Ecosystem for Success

In New Jersey, you’ll find a talent pool overflowing with the sharpest minds, thanks to New Jersey’s higher education institutions. And our proximity to major cities like New York and Philadelphia means venture capital is right next door. The State is also deeply invested in tech advancement, with specific support initiatives for AI, eSports, and more available for inventive companies.

Advanced Tech Infrastructure

New Jersey has 2.14 million square feet of data center space and an underground municipal fiber network delivering lightning-fast speed at competitive prices. Our digital infrastructure, including one of the nation’s best fiber optic networks, sets the stage for innovation. Welcome to the future of technology. 

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Our team offers a range of services and personalized guidance at every stage of establishing and expanding operations in New Jersey.

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Anastasia Blasi

Business Development Officer

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Success Stories

WebMD

The leading provider of healthcare information services, WebMD moved most of its operations and approximately 600 from New York City to Newark, New Jersey in 2021. The company buit out 100,000 square feet of office space in the Gateway 2 building across the street from Newark Penn Station. Choose New Jersey assisted WebMD in its location decision process.

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Success Stories

HAX

Princeton-based venture capital firm SOSV is establishing a new HAX accelerator and U.S. headquarters in Newark in June 2022. Startups in the program will create 2,500 new jobs in the decade ahead and attract millions in new capital. In June, Choose New Jersey and NJEDA responded to the RFI with a fully customized pitchbook. In July, we arranged a site tour and meetings with Governor Murphy and Audible Founder and Executive Chairman Don Katz. SOSV announced its decision to choose Newark in September. New Jersey committed $25 million to support HAX and SOSV will invest $25 million in 100 startups over the next five years.

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Success Stories

Applegreen

Choose New Jersey initially met with Applegreen executives on an economic mission to Ireland in 2019. In 2021, the company acquired service stops along major highways in states including New Jersey, Pennsylvania, and Delaware. Choose New Jersey worked with company officials to locate their headquarters in New Jersey. In 2022, the major petrol forecourt company made a $126 million investment in New Jersey in 2022 by relocating its Travel Plaza Headquarters to Glen Rock, New Jersey. The Irish-founded company is redeveloping 21 key service plazas across the state and installing electric vehicle infrastructure throughout the Northeast. The relocation added over 100 new jobs to the state, and the plaza redevelopments will create 800 jobs. Choose New Jersey initially met with Applegreen executives on an economic mission to Ireland in 2019.

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Success Stories

Amarel

Choose New Jersey met Israeli manufacturing and technology service provider Amarel at a networking event hosted by Israel SelectUSA during our 2019 trade mission to Israel. The team worked with Amarel executives on site selection and introduced them to the State’s tech community, including New Jersey Institute of Technology’s VentureLink and TechUnited. In April of 2022, the company signed a lease in Newark, New Jersey, for its 120 employees.

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Success Stories

MediaTek

The world’s fifth-largest global fabless semiconductor company, MediaTek opened an office in Bedminster, New Jersey, in 2017. In February of 2023, it moved to a new facility in Warren, New Jersey, which includes an on-site 6G lab for advanced research. The Advanced Mobile Research Center at MediaTek’s Warren office focuses on research and innovation aimed at creating technological breakthroughs and differentiation in next-generation wireless cellular technologies, standards, and the future generation of products. Since 2021, the company has doubled its headcount in the state and is on track to continue robust growth.

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Success Stories

Samsung

Samsung is a multinational technology manufacturing giant. A household name, it is known for its cell phones, computers, televisions, and more. As of 2023, Samsung was the 6th most valuable brand worldwide. Its U.S. headquarters has been located in Ridgefield Park, New Jersey, since 2010. Samsung’s office provides jobs for more than 1,000 people.

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Success Stories

Tata Consultancy Services (TCS)

The leading global information technology services, consulting, and business solutions organization, TCS has more than 3,700 IT employees in New Jersey at its Edison facility and is committed to hiring nearly 1,000 additional employees by the end of 2023. TCS is also growing the reach of its state STEM and computer science education programs by 25% to help build a pipeline of local IT talent. Choose New Jersey has since worked with TCS following Governor Murphy’s economic mission to India in 2019.

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New Jersey’s Technology Leaders

AudibleAt&T
Birdzi IncCGI
CoreweaveCognizant
Communication Technology ServicesIPC 1
Cranium FittedsDatacolor
Dgl GroupDial America
DialightEnpirion
EonsmokeEureka
FiservHAX
HCL TechHoneywell
InfosysLG
MalbekMizco
NICE actimizeNrg Energy
NuwareOlisystems
SamsungSun Chemical
TCSUnited Silicon Carbide
VerizonWebMD
WiproWorldox
#1

in employment for software and web developers (The New York/New Jersey region)

Source: JobsEQ

#1

World’s Highest Percentage of Women-led Startups (Jersey City)

Source: Tide

20%

of world’s top fintech companies have a presence in New Jersey

Source: IDC Financial Insights FinTech Top 100

Why Technology Thrives in New Jersey

Workspace Within Your Budget

New Jersey is home to over 70 collaborative workspaces, available for more affordable rates than those in New York City. New Jersey is just 20 minutes from New York City using the PATH commuter rail service, train, or ferry. It takes less time to travel from Jersey City to Wall Street than it does from Midtown Manhattan. Class A office space in Jersey City or Hoboken is roughly half the cost of space in Manhattan. Tech incubators in New Jersey include:

Merck Digital Sciences Studio: Supports biomedical startups with direct investment, access to Azure Cloud computing, and opportunities to pilot technologies in collaboration with Merck scientists.

New Jersey Innovation Institute: Includes New Jersey’s largest incubator and coworking space with mentoring services for entrepreneurs.

Hax: SOSV’s deep tech startup development program headquartered in Newark, New Jersey, where entrepreneurs receive $250,000 in initial investment and 180 days of support.

CoLab at Bell Works offers an environment that empowers your creativity and nurtures your unique business goals, so you can easily scale up or down in a space that adapts to your evolving needs.

Support for Start-Ups

New Jersey is a launchpad for tech startups. The New York/New Jersey region attracts the second-most venture capital investments in the country, totaling $3.8 billion in 2023. Jersey City leads the charge with the world’s highest percentage of women-led startups, fostering diversity and innovation in the technology landscape. With support from venture capital firms like Edison Partners, Tech Council Ventures, and SOSV, New Jersey continues to nurture tech entrepreneurship and growth.

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Access New Jersey’s Talented Workforce

New Jersey Labor & Workforce Report

Industry
Strengths

New Jersey’s technology industry flourishes with a mix of startups and large companies. The state’s research facilities and data centers are vital in shaping global technology trends.

Artificial Intelligence

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AI

New Jersey’s research and development strengths, paired with commitments made by universities and the State government, are establishing New Jersey as a leader in generative Artificial Intelligence (AI). Princeton University and the NJEDA announced the creation of an AI innovation hub that will bring together researchers, industry leaders, and startup companies and house dedicated accelerator space. Governor Phil Murphy also established an AI task force that explores the ways AI can stimulate economic growth, create jobs, and enhance training and talent development.

Tech Accordion AI

Fintech

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Fintech

New Jersey boasts a strong presence in the global fintech industry. About 25% of the world’s top 100 companies in the sector call New Jersey home, including IPC, Cognizant, Indecomm, and NICE Actimize. Our universities ensure a steady talent pipeline. Stevens Institute of Technology offers the Center for Research Toward Advancing Financial Technologies (CRAFT), the first fintech-focused Industry University Cooperative Research Center funded by the National Science Foundation.

New Jersey Institute of Technology is also preparing students for the evolving job landscape in fintech by offering a Bachelor of Science in Financial Technology.

Tech Accordion Fintech

eSports

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eSports

The eSports industry has grown rapidly in New Jersey. In 2022, the State ranked 8th in eSports earnings, with players earning roughly $3.5 million collectively in prize money annually. In 2021, New Jersey lawmakers passed a bill to include eSports in the State’s legal sports betting industry. This allowed licensed operators to accept bets on eSports up to $100, with a potential winning bet of up to $500.

Further supporting eSports, Stockton University opened the Esports Innovation Center in its Atlantic City Residential Complex, in partnership with the New Jersey Economic Development Authority. The center’s goal is to promote and develop eSports in Atlantic City and South Jersey.

Tech Accordion esports

Telecom

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Telecom

New Jersey’s telecom industry thrives with leading innovators and corporate campuses. Nokia Bell Labs, which has had its headquarters in Murray Hill, New Jersey, for close to 100 years and will soon move to the dynamic HELIX space in New Brunswick, New Jersey, has an R&D division focused on augmented reality and 5G innovation, shaping the future of telecommunications. Verizon’s 136-acre corporate campus in Basking Ridge, New Jersey, stands as a hub of technological advancement and collaboration. And, AT&T’s Global Network Operations Center in Bedminster, New Jersey, monitors infrastructure performance, while its Research Institute pioneers cutting-edge telecom solutions.

Tech Accordion Telecom

Cybersecurity

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Cybersecurity

New Jersey’s cybersecurity sector shines with top talent and tailored educational offerings. The New York/New Jersey region ranks #2 for cybersecurity analysts, showcasing its strong workforce. Institutions like Montclair State University and New Jersey Institute of Technology provide specialized programs such as Masters of Science in Cybersecurity, addressing industry demands. Additionally, New Jersey City University offers a Bachelor of Science in Cybersecurity program, ensuring a steady stream of skilled professionals to meet cybersecurity challenges.

Tech Accordion Cybersecurity

Sports Wagering & eSports

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Sports Wagering

New Jersey emerges as one of the premier destinations for sports betting in the United States. We were ranked the #1 market for sports betting in 2023, with a staggering $138 billion in wagers. About 80% of all sports betting in the State occurs through user-friendly sportsbook apps and websites, reflecting the State’s embrace of digital platforms like DraftKings Sportsbook and FanDuel.

New Jersey continues to grow as a leading location for sports betting operations with initiatives like the FinTech & Sports Wagering Innovation Center. Established by the NJEDA and New Jersey City University, this collaborative hub fosters growth in online gaming and financial technology, uniting stakeholders from companies, startups, academia, and government to propel the State’s leadership in this dynamic sector.

Tech Accordion Sports wagering

Incentives that Support Growth

The Emerge Program applies to qualifying projects that invest private capital into the state and create a minimum of 35 full-time jobs. It provides per-job tax credits ranging based on project location, bonuses, and the net benefit to the state. Tax credits may directly offset tax liability or may be transferred or surrendered for 85-90% of their value.  ​

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The New Jobs Investment program supports new or expanded business facilities that create new jobs in New Jersey. The investment must create at least five new full-time jobs employing New Jersey residents.

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The Manufacturing Equipment and Employment Investment Tax Credit applies to corporation business tax liability for investments in certain manufacturing equipment and for certain increased employment.

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The New Jersey Angel Investor Tax Credit Program establishes tax credits against corporation business or gross income taxes based on qualified investment in New Jersey’s emerging technology businesses to stimulate investment. The credits apply to 20% of the qualified investment made in an NJ emerging technology business, with a potential increase to 25% if the business is certified M/WBE or located in an Opportunity Zone or New Market Tax Credit Census Track.

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The New Jersey Innovation Evergreen Fund Program facilitates private sector engagement to raise and invest capital in qualified New Jersey-based companies and promote strategic collaboration in the state’s innovation economy. Proposed Qualified Businesses may access up to $5,000,000 of program investment capital for equity investments, or $6,250,000 for State-certified women or minority businesses, New Jersey university spin-offs, or businesses that utilize intellectual property developed at a New Jersey university that is core to its business model.

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The Net Operating Loss (NOL) Program supports companies in New Jersey with a net operating loss carryover and/or R&D tax credits and have no positive net operating income for the last two years.

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The Catalyst R&D Voucher program is for New Jersey-based early-stage company efforts to accelerate the development and innovation of technologies to transform discoveries from the research stage into commercially viable technologies, leading to industry and investor interest. Eligible applicants can apply for vouchers up to $40,000 to help offset the cost of leveraging R&D resources, facilities, and equipment at the state’s academic universities and colleges, and federal and non-profit laboratories to advance their technology development.

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The Catalyst Seed R&D Grant Program helps New Jersey-based early-stage innovation-based companies accelerate the development of technologies to transform discoveries from the research stage into commercially viable products and services. Applicants developing life sciences therapeutics can apply for grants of up to $150,000, all other Applicants are eligible to apply for grants of up to $75,000.

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The Maternal and Infant R&D Grant Program engages early-stage innovation-based companies in New Jersey and helps to accelerate the research and development of technologies, transforming discoveries from the research stage into commercially viable products and services. Eligible applicants can apply for vouchers up to $75,000 to support innovation in developing technology, therapeutics, and other solutions to address maternal and infant health challenges in New Jersey.

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Audible’s Newark Business Attraction Grant targets startups with at least ten employees who are at the seed or Series A stage and are looking to expand or relocate to Newark. Startups receive up to $250,000 in non-dilutive grants over two years for fit-out costs or rent/mortgage payments.

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The Workforce 55+ On-the-Job Experience (OJE) Program supports private, non-profit employers who offer eligible job seekers the opportunity to gain work experience and may do so at no cost. OJE participants’ salary is covered for four weeks by a federal grant, providing employers with an opportunity to observe and train the employee before making a permanent hire.

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The On-the-Job Training (OJT) Program is eligible to all New Jersey-based companies who hire full-time positions. Employers are reimbursed 50% of new employee’s wages for a period of up to 26 weeks in exchange for providing training in a specialized skill set.

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The Federal Bonding Program is a unique job placement tool that provides employers with insurance for hiring jobseekers who have poor credit histories, are recovering from substance abuse, are on public assistance, or are justice-involved.

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Upskill grants are block grants that are available to all New Jersey-based companies to help defray the cost of training of existing employees.

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The Opportunity Partnership for Business is available to all New Jersey-based businesses to support employers design the training program they need to fill a skills gap in their industry.

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The Registered Apprenticeship is an industry-driven training model that combines paid on-the-job learning with classroom instruction. The employer can develop training that aligns cohesively with their business needs.

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What’s Happening In New Jersey?

Technology

New Jersey Economic Mission Trip to the United Kingdom Daily Recap – November 10 & 11

PRESS RELEASE

Proof of concept: A meeting in London demonstrates value of Choose New Jersey and these economic mission trips

PRESS RELEASE

As mission trips heads to Cambridge, academic partnerships come into focus

PRESS RELEASE

New Jersey kicks off United Kingdom economic mission

PRESS RELEASE

New Jersey Economic Mission Trip to the United Kingdom Daily Recap – November 8

PRESS RELEASE

Governor Phil Murphy and ABHI Announce UK HealthTech Trade Delegation to New Jersey in 2025, Strengthening Bilateral Innovation Partnerships

PRESS RELEASE

NJ Governor Murphy Embarks on UK Economic Mission

PRESS RELEASE

Murphy, appearing at Financial Times AI event, said N.J. already is making case to be next leader in AI development

PRESS RELEASE

Murphy begins five-day economic mission trip to UK Thursday

PRESS RELEASE

Murphy headed to U.K. for post-election trade mission

PRESS RELEASE

Murphy at FinTech Forum in Montreal: We must use technology/innovation to chart better path forward

PRESS RELEASE
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