New Jersey is an incredibly favorable state for starting and expanding businesses. Its economic system consists of such industries as ICT, financial services, transportation and logistics, manufacturing, life sciences, and pharmaceutics. A small-business scene is vibrant in the region, as more than 99% of the total amount of registered businesses are of small and medium-size. The talent pool is multinational and well-trained. As 40% of citizens hold degrees in higher education, NJ is often regarded as an innovative hub. Recently, NJEDA has started to help tech startups by offering rent support in the coworking spaces across NJ. The startup founders and solopreneurs consider these venues when their home businesses need more collaboration and interaction.
