Whether you are in banking, insurance, fintech, consulting, data analytics, or accounting, one thing is clear: New Jersey is a major finance and professional services hub.
Finance and Professional Services firms call the Garden State home
Finance and Professional Services firms have more than 500 employees
It’s not surprising that the Finance and Professional Services sector is a major contributor to our economy, accounting for nearly $67 billion in GDP and employing more than 390,000 of our residents. The sector is also rapidly expanding in NJ, with more than 14% growth since 2013.
Our strength in Finance and Professional Services is built on a set of unique advantages. We’re located in the heart of the Northeast Corridor, next door to the world’s financial capital, offering world-class services at a fraction of the price. For example, office space is 40-60% cheaper in New Jersey than in other nearby markets and has some of the best digital infrastructure in the U.S. (e.g., #2 state in percent of population with access to wired broadband of 100 mbps or faster, 67% population with access to fiber-optic internet).
For all these reasons (and more) Governor Murphy’s 2018 Economic Development Plan identified Finance and Professional Services as a focus sector for the State. We believe the sector is a critical part of our truly innovative service economy.
The NJEDA is committed to being a strategic partner to the State’s banking, investment management and insurance companies as well as professional services firms in tax, accounting, marketing/advertising, law, business and management consulting, and technology/engineering services. Whether your are a global giant or a nimble start-up, we’ll work to help you develop and expand your workforce and support the innovation of new products and services for your clients.
See below for more information on New Jersey’s Finance and Professional Services sector, programs and resources available and exciting sector developments.