The New Jersey State (U.S.A.), a land of millionaires, industries, tourism, Natural resources and entertainment
New Jersey
is an interesting growing market of + 8 million consumers. In 2013, the state had the
second-largest number of millionaires per capita in the United States
(ratio of 7.49%), according to a study by Phoenix Marketing International.
New Jersey
has seven tax brackets that determine state income
tax rates, which range from 1.4% to 8.97%.
The standard
sales tax rate as of January 1, 2017, is 6.875%, applicable to
all retail sales unless specifically exempt by law.
Tax
exemptions include most food items for at-home
preparation, medications, most clothing, footwear, and disposable paper
products for use in the home. New Jersey has one of the highest tax burdens in
the nation.
Industries
include pharmaceutical industry, the financial industry, chemical development,
telecommunications, food processing, electric equipment, printing, publishing,
and tourism.
New Jersey's
agricultural outputs are nursery stock, horses,
vegetables, fruits and nuts, seafood, and dairy products. New Jersey ranks second among states in blueberry production, third
in cranberries and spinach, and fourth in bell peppers, peaches, and head
lettuce.
Although New Jersey is home to many energy-intensive industries, its energy consumption is only 2.7% of the
U.S. total, and its carbon dioxide emissions are 0.8% of the U.S. total.
New Jersey
has a strong scientific economy and is home to major
pharmaceutical and telecommunications firms. There is also a strong service
economy in New Jersey serving residents who work in New York City or
Philadelphia in retail sales, education, and real estate.
Shipping is
a strong industry in New Jersey because of the state's
strategic geographic location, the Port of New York and New Jersey being the
busiest port on the East Coast. The Port
Newark-Elizabeth Marine Terminal was the world's first container port and
is one of the world's largest container ports. New Jersey also has a strong presence in chemical development,
refining, and food processing operations.
New Jersey
hosts several business headquarters, including
twenty-four Fortune 500 companies.
On February
26, 2013, Governor Chris Christie signed online gambling into law.
Forests
cover nearly 45%, or approximately 2.1 million acres, of New Jersey's land area. The chief tree of the northern forests is the
oak. The Pine Barrens, consisting of pine forests, is in the southern part of
the state.
Some mining
activity of zinc, iron, and manganese still takes place in
the area in and around the Franklin Furnace.
New Jersey
is second in the nation in solar power installations. The state has more than 10,000 solar installations.
Princeton
University in Princeton, Mercer County, was ranked the top
U.S. national university per the 2017 list of U.S. News & World Report.
In 2013, Rutgers University gained
medical and dental schools intended to augment its profile as a national
research university.
The New
Jersey Turnpike is one of the most prominent and heavily
traveled roadways in the United States. This
toll road carries interstate traffic between Delaware and New York, and the
East Coast in general.
New Jersey
is connected to New York City via various bridges and tunnels.
Among
expressways in New Jersey, we have: Atlantic City Expressway,
the Palisades Interstate Parkway, Interstate 76, Interstate 78, Interstate 80,
Interstate 95, Interstate 195, Interstate
278, Interstate 280, Interstate 287, Interstate 295, and Interstate 676.
New Jersey
has interstate compacts with all three of its
neighboring states.
New Jersey
became the only U.S. state where all fuel dispensing stations
are required to sell full-service gasoline to customers at all times, after
Oregon's introduction of restricted self-service gasoline availability took
effect in 2016. It is unlawful for a
customer to serve oneself gasoline in New Jersey.
Newark
Liberty International Airport is one of the busiest
airports in the United States. Operated by the Port Authority of New York and
New Jersey, which runs the other two major airports in the New York
metropolitan area (John F. Kennedy International Airport and LaGuardia
Airport), it is one of the main airports serving the New York City area.
The NJ
Transit Corporation (NJ Transit) operates extensive
rail and bus service throughout the state.
The PATH is
a subway and above-ground railway which links Hoboken, Jersey City, Harrison and
Newark with New York City.
Amtrak also
operates numerous long-distance passenger
trains in New Jersey to and from neighboring states and around the country. In addition to the Newark Airport
connection, other major Amtrak railway stations include Trenton Rail
Station, Metropark, and the grand historic Newark Penn Station.
Several
private bus lines provide transportation
service in the state of New Jersey.
Comments
Post a Comment