Doing Business in the Northeast
New Jersey and Pennsylvania have a transportation network that provides unparalleled access to national and international markets. And, whether you locate in Pennsylvania or New Jersey, there are economic development authorities throughout the region to help develop financial incentive packages specific to your company’s needs.
The New Jersey Economic Opportunity Act was signed into law in Sept. 2013, and it provides businesses powerful tax incentive programs. New Jersey also offers two incentive programs, the GROW NJ and Economic Redevelopment and Growth programs.
The State of Pennsylvania also offers financial incentives in the form of tax credits and training assistance. The state’s Keystone Opportunity Zones (KOZ) are particularly beneficial for companies that are new to or relocating in the region. Businesses that locate in a KOZ are eligible to receive state and local tax abatements for up to ten years. You can explore all of Pennsylvania’s economic incentives here.
Location and Logistics
New Jersey gives companies quick and efficient access to the Port Newark-Elizabeth Marine Terminal and the New Jersey Turnpike. The turnpike provides high-speed, easy access to Pennsylvania, New York and Delaware, while the state's 1,000 miles of rail freight connect companies to the national cargo networks.
Eastern Pennsylvania is also well connected by interstate highways, including I-95, I-76, I-295, the New Jersey Turnpike, and the Pennsylvania Turnpike. Because of its central location in the Northeast Corridor, the region has excellent air, rail, port, and trucking networks. In addition to easy and fast commuter transportation to surrounding cities, including New York and Washington D.C., the region's transportation infrastructure boasts eight international airports, three Class 1 freight rail roads, and multiple ports.
New Jersey Economic Development Authority