Perfectly Located
• Heart of Boston-‐NYC-‐Washington corridor • 8.96 million residents
• More than 22 million people within a 2-‐hour drive: an $800 Billion annual income market
A Global Gateway
• Newark Liberty InternaMonal Airport: United Airlines hub
• AddiMonal service through New York City and Philadelphia airports
• Daily flights to 90+ U.S. ciMes
• More than 110 internaMonal ciMes served nonstop
• 11 Daily flights to Italy from New Jersey, New York, Philadelphia airports
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New Jersey-Italy Trade Connections
• Italy is one of New Jersey’s largest trading partners: • New Jersey is the largest U.S. state for imports from Italy. $6.6B in goods were imported to New Jersey from Italy in 2014, up 16% from 2013.
• New Jersey is the 6th largest exporter of goods to Italy among the 50 states. New Jersey exported $793 Million in goods to Italy in 2014, up 24% from 2013.
• NJ Top 5 Exports in 2014: • Primary Metals $391 M • Chemicals $91 M • TransportaMon Equipment $81 M • Miscellaneous Manufactured CommodiMes $55 M
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Food Companies Choose New Jersey
• $105 Billion Food and Agriculture Sector
• 107 Food Company Headquarters
• Home to 10,300+ Farms
• 9 of the top 12 Flavors & Fragrances Companies
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IncenMve Programs
• GROW NJ Tax Credit Program • $500-‐$5000 Tax Credit per job created
• Urban Enterprise Zone • Tax Free purchases on certain items such as
capital equipment, facility expansions, upgrades, and certain personal property
• Reduced Retail Sales Tax • Tax Credit OpMons • Up to $1,500 for new permanent employees or
• Up to 8% Corporate Business Tax credit on qualified investments
• Workforce Training Programs • Grants available to train current or new
employees
• NJ Board of Public UMliMes offers incenMves to integrate energy efficient technologies for industrial buildings
• Sales tax exempMon on manufacturing equipment
Contact InformaMon
Margie Piliere Chief Economic Development Officer, Choose New Jersey, Inc. 609-‐297-‐2190 [email protected]