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America's Top States For Business 2013

#42 New Jersey

Nimu1956 | E+ | Getty Images
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 135 42 43
Workforce 163 21 28
Quality of Life 178 23 20
Infrastructure & Transportation 126 43 41
Economy 149 48 39
Education 116 1 4
Technology & Innovation 196 15 13
Business Friendliness 58 41 48
Cost of Living 5 46 45
Access to Capital 21 9 11
Overall 1147 42 41

ECONOMIC PROFILE

Governor: Christopher Christie (R)

Population: 8,864,590

GDP growth: 1.3 percent

Unemployment rate (May 2013): 8.6 percent

Top corporate rate: 9 percent

Top individual tax rate: 8.97 percent

Gasoline tax: 14.5 cents/gallon

Bond rating/outlook: Aa3/Stable

Major private employers: Samsung Electronics America, Continental Airlines, Hackensack University Medical Center, Virtua Hospital, Borgata Hotel Casino and Spa, Morristown Medical Center, Bally's Atlantic City, Uzit Inc., Parexel International, Corizon, Career Network Affiliates Inc.

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

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  • CNBC's senior correspondent and lead investigative reporter, Scott Cohn also appears on "NBC Nightly News with Brian Williams," "Today" and on MSNBC.

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