New Jersey is a pharmaceutical and life sciences powerhouse, hosting the U.
New Jersey is a pharmaceutical and life sciences powerhouse, hosting the U.S. headquarters or major operations of Johnson & Johnson, Merck, Bristol-Myers Squibb, Novartis, and Novo Nordisk. The state's location between New York and Philadelphia gives it unmatched logistics advantages, and the Port Newark-Elizabeth complex is the largest container port on the East Coast. Financial services, telecommunications, and a massive healthcare sector further diversify the economy.
New Jersey offers one of the most educated workforces in the nation and proximity to two of the country's largest metro areas. While taxes and costs are high, the state's R&D tax credits and Innovation Fund incentives help offset these for pharmaceutical and tech companies.
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