From Thomas Edison's 1,093 patents to today's daily breakthroughs in biotech, pharma and information technologies, New Jersey has an ongoing tradition of innovation.

New Jersey businesses continue to be among the national leaders in research and development, making more than five percent of the total R&D expenditures.  These investments have lead to important breakthroughs and discoveries, with more than 3,300 new patents filed in 2004 alone.

With such convenient proximity to Wall Street, many of the nation’s leading financial service firms have also established or relocated headquarters here.

New Jersey is home to 15 of the largest of the world's 20 largest pharmaceutical companies and ranks 8th in overall biotechnology strength in the United States.