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Fast Facts
Location: Berkeley Heights
Industry: Financial Services
Country of Origin: USA
Facility Type: Headquarters
In 2021, Fiserv, a leading Fortune 500 fintech company, expanded its market presence in the state by adding a new hub in Berkeley Heights, New Jersey. This strategic decision brought approximately 2,000 jobs to the state, underscoring New Jersey’s attractiveness as a hub for financial technology. The move was supported by Choose New Jersey in collaboration with the New Jersey Economic Development Authority (NJEDA) and Governor Phil Murphy’s office. These partnerships were crucial in helping Fiserv navigate the location decision process, ultimately leading to the creation of a tailored pitch book that addressed the company’s specific requirements.
The expansion also involved securing an Emerge Program tax credit from the NJEDA, which played a pivotal role in incentivizing Fiserv’s move to New Jersey. This tax credit not only illustrates the state’s commitment to attracting high-profile companies but also highlights the proactive measures taken by state officials and economic development agencies to support job creation and economic growth in New Jersey. As Fiserv continues to establish its presence in Berkeley Heights, its investment is expected to have a lasting positive impact on the local economy and the fintech sector in the region.