America's Top States For Business 2013

#42 New Jersey

Jersey City, New Jersey
Nimu1956 | E+ | Getty Images
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


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)

From the Governors


  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.