Skip navigation

Home
About Us
Contact Us
Useful Websites
Welcome
Practical Advice
State Profiles
How We can help
Useful Contacts
Useful Websites
Products & Services
Archive
Print!Print article
New Jersey

New Jersey

Strategically-located on America’s eastern seaboard, the State of New Jersey occupies a key position as the central state in the largest economic concentration in North America that annually generates more than $2tn in economic activity.

For UK firms looking to establish operations in the US, New Jersey holds a very strong position in the import/ export industry. The state is ranked seventh among all US states in foreign direct investment and is home to more than 1,400 foreign-based firms.

The UK and New Jersey share a strong trading relationship. The state is the UK’s second largest trading partner. In 2004, more than $1.7bn in products were shipped to England. British firms with a presence in New Jersey include BOC Gases, Cadbury Schweppes, P&O Nedlloyd and Pearson plc.

To continue building its import/export sector, the state has a number of incentive programmes designed to help companies that locate and create jobs within New Jersey. Two highly-successful grant programmes administered by the New Jersey Commerce, Economic Growth and Tourism Commission are the Business Relocation Assistance Grant and the Business Employment Incentive Program. Both programmes give grants in the form of tax credits to relocating or expanding companies that create jobs in New Jersey.

In addition to state support, import and export companies have easy access to major ports on the Hudson and Delaware rivers and international airport facilities that allow access to and from the European, South American and Pacific Rim markets. The Port of New York and New Jersey is the third-largest US port complex and the largest on the Eastern Seaboard. In 2004, the port broke all previous records by handling more than $110bn in cargo.


Along the Delaware River in Camden, the South Jersey Port Corporation operates a modern deepwater facility that is a leader in moving products such as plywood and other lumber imports, bulk, break bulk and containerized cargoes. South Jersey Port Corporation is developing a new port just south of the Camden complex. The plan calls for six new ship berths, an integrated marine terminal and industrial/distribution centre with up to two million square feet of covered space and a $16m truck overpass providing direct access to Interstate 295, a major transportation corridor.

Beyond the ports, the state has two international airports and a highly-developed transportation infrastructure that helps speed the delivery of goods and products to market or to overseas destinations. New Jersey also contains five Foreign Trade Zones (FTZ), which offer companies located within the FTZ the ability to defer, reduce or even eliminate customs duties on products admitted to the zone.

Because of the scope of the state’s import/export business, the state’s Commerce Commission is focused on this important economic sector. New Jersey is the 12th largest US exporting state with more than $19.2bn in products sent to overseas markets in 2004, an increase of 14% over the prior year.

Last year, the Office of International Trade & Protocol was directly involved in securing 16 new foreign direct investment projects valued at more than $54m. The effort resulted in 265 new jobs being created.

For more information, contact:
The New Jersey Office of
International Trade and Protocol
Tel: +1 609 777 0885
Website: www.newjerseycommerce.org

Back to topTop