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Finance & Professional Services 

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.  Over 26,600 finance and professional services firms call the Garden State home, 800+ of which have more than 500 employees.Finance-and-Prof-(1).png
 
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 370,000 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., #1 state in percent of population with access to wired broadband of 25 mbps or faster, #2 in average download speed, and #2 in percent of 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. 
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Products and Services 

Innovation Economy Programs 

We are committed to nurturing the development of new technologies and ensuring that the State continues to be a leader in innovation. That’s why we offer a full range of programs and services to fuel the continuing growth of core industries vital to the State’s economy. So, whether you are an early-stage company, a research and development firm, a manufacturer, a service provider or other established business, the NJEDA may have the financing, real estate development and technical assistance tools to meet your specialized needs.

Our efforts can provide businesses like yours with low-interest financing through our matching loan programs, tax incentives, real estate, and networking opportunities with the investment community.
Learn more about our all our Innovation Economy Programs 

 

Small and Mid-Sized Businesses 

Supporting small to mid-sized businesses has always been one of our top priorities. The NJEDA has creative and versatile loan solutions available to small to mid-sized businesses. Contact us to determine if any of our programs are the right fit for your small to mid-sized business needs.
Learn More about all our Small & Mid-Sized Business Solutions 

 

Large Business & Development 

The NJEDA offers a full range of programs to help support large corporations that are creating or retaining jobs in New Jersey. Our incentives are attractive to existing large companies in the state, as well as those considering New Jersey as a future home.Low-interest financing through bonds, direct loans, loan participations/guarantees, and tax incentives rank among the key reasons for large corporations to conduct business in New Jersey. 
Learn More about all our Large Business & Development Solutions


Additional Resources

New Jersey Finance & Professional Services 

Learn more about New Jersey's finance and professional services resources and opportunities. 

Contact Us

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Bill Penders
Senior Advisor, Economic Transformation
wpenders@njeda.com
Office: 609-731-0974

 
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Eric Solomon 
Project Officer, Economic Transformation 
esolomon@njeda.com 
Office: 609-858-6740 

 
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Annie D'Agostino
Project Officer, Economic Transformation 
adagostino@njeda.com
Office: 609-858-6705