New Jersey’s economy is somewhat of an extreme-type of economy. For a state that suffers from budget and economic deficits, it sure has the largest populations of millionaire households (or families with an overall value reaching past the one million dollar mark).

The per capita income of New Jersey’s was a close forty thousand dollars last 2004, with the figure rising since. At least nine counties of New Jersey are marked in the United States as the top 100 wealthiest.

The industry of New Jersey is based on the pharmaceutical level, chemical development, food processing, telecommunications and engineering, electric equipment, printing and tourism. Like Nevada, it also sustains itself with agricultural produce. In point, their outputs are made up of vegetables, fruits, nuts, seafood, dairy products and horses (no, sorry. The dairy products aren’t from the horses).

New Jersey also excels in the service industry. For the workers who are working late in the cities of New York and Philadelphia, New Jersey is the nearest and probably the most feasible to stay in for residency or as a hub for traveling.

The strong pharmaceutical industry also has led New Jersey to be strongly scientific. A number of research and development companies have made their research bases here. Further to this, New Jerseyites have a strong intellectual pool, with most companies taking in the graduates from the same state. A highly feasible strategy, in my opinion.

Shipping and ship building has also had strong roots in the state of New Jersey because of its location. Along with ship building is the largest container port (for holding purposes). New Jersey also has one of the busiest airports around United States, ranking among the top 20 busiest airports around the country.

With the obvious restrictions and economical niches around New Jersey, it will be an uphill battle for the sole entrepreneur.