New Jersey offers proximity to New York City and Philadelphia, a highly educated workforce, and strong pharmaceutical, financial services, and technology sectors. The state has higher costs but provides access to massive consumer markets.
Minimum wage $15.49/hr. Paid family leave. Earned sick leave. Strict anti-discrimination laws.
Corporate tax 6.5-11.5% (surcharge on income over $1M). 6.625% sales tax. Significant property taxes.
DEP oversees environmental compliance. Strict hazardous waste and industrial site remediation (ISRA).
Pharmaceutical manufacturing regulations. Cannabis licensing. Financial services compliance. Shore tourism regulations.
Our compliance checker highlights which NJ regulations may apply to your business.
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