Economic Development

New Providence is a warm and welcoming community where you’ll find a vibrant retail environment coupled with a strong group of professional enterprises. We boast business banner singer 2a busy and attractive downtown business district with ample free parking and a recently completed multi-million dollar Streetscape project. We are very proud of our fine specialty shops, incredible restaurants, and outstanding service providers. In addition to our local businesses and professionals, corporate businesses include companies with worldwide reputations in their field. New Providence hosts corporate and executive offices, which include C.R. Bard (leading developer, manufacturer and marketer of health care products), Reed International (one of the world’s top publishing and information companies), and Nokia Bell Labs (global leader in technology and services).  CNNMoney  ranked New Jersey in the top 10 of America’s Smartest States, making it a great choice for businesses seeking a highly educated workforce.

Our close proximity to:

  • Bus and rail lines providing direct service to NYC
  • Newark Liberty International Airport
  • The Garden State Parkway
  • The New Jersey Turnpike
  • Interstate 78

allows for easy transportation to not only the state and region, but also to unlimited national and international destinations, making it uniquely accessible to suppliers, customers, and labor markets. New Providence is also near some of the country’s finest universities and community colleges.   A majority of New Providence’s residents hold professional, managerial or other executive positions in their business or industry with an above average salary.  According to the 2010 Census, the median income for a household in the borough was $113,542, and the median income for a family was $144,837. The per capita income for the borough was $53,564. The median home value was $608,900. 

The Borough of New Providence is located 28 miles west of New York City .  Within a 5 mile radius of downtown New Providence, there is a significant daytime population, generating consumer demand from households with above average income levels.

Our stellar AAA bond rating attests to strong economic health and prudent fiscal management. We boast a fully accredited Police Department and state certified volunteer rescue squad squad that was named “Outstanding Volunteer EMS Agency” by the NJ Office of Emergency Medical Services.  Our crime rate is very low (The overall crime rate in New Providence is 74% lower than than the national average) and we are consistently ranked among the top towns to live in NJ.

Thanks to the community’s strong tax base, our residents enjoy the best in schools, parks and recreational programs.   The school district has earned recognition at the national, state, county, and local levels for the achievements of students and staff.   New Providence High School was nominated for the Blue Ribbon School Award of Excellence by United States Department of Education, the highest award an American school can receive.  Salt Brook Elementary School was recognized as a National School of Character, based on their outstanding work in encouraging the ethical, social, and academic growth of their students through effective character education. Salt Brook School is now a model for other schools across the nation.  In addition, New Providence boasts many fine cultural and recreational attractions, and a high quality housing stock in a variety of styles and prices.

New Providence Business was established to provide community leadership in the promotion of economic development in New Providence. The goals of this organization are to promote the New Providence business community; serve as a vehicle to respond to community needs; enhance awareness of New Providence businesses; unify communications among and between businesses and the community; and attract and support new business development.  Businesses that have recently relocated to New Providence include Starbucks, Chipotle, Berkeley Aquatic School of Excellence, and Jersey Mike’s.

New Providence is business-friendly and eager to help you succeed.  Find out more about ; contact Keith Lynch, Director, Department of Planning and Development; , or contact the Economic Development Committee.