34. New Jersey

Great education in the Garden State is nurturing the next generation of workers, but regulations need some pruning.

Top States New Jersey
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 236 16 (Tie) 5
Cost of Doing Business 114 42 43
Infrastructure 125 44 (Tie) 48
Economy 152 36 40
Quality of Life 198 19 13 (Tie)
Technology & Innovation 148 17 (Tie) 18
Education 134 6 5
Business Friendliness 31 44 47
Cost of Living 15 41 45
Access to Capital 46 5 8 (Tie)
Overall 1199 34 39

Economic Profile

Governor: Chris Christie, Republican

Population: 8,958,013

GDP growth: 1.8 percent

Unemployment rate (May 2016): 4.9 percent

Top corporate tax rate: 9 percent

Top individual income tax rate: 8.97

Gasoline tax: 32.90 cents/gallon

Bond rating/outlook: A2, negative

Major private employers: Wakefern Food Corporation, Johnson & Johnson

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

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