Choose New Jersey Inc

Organization Overview

Choose New Jersey Inc is located in Newark, NJ. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Choose New Jersey Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choose New Jersey Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Choose New Jersey Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP AND IMPLEMENT INITIATIVES, ETC., TO ECONOMICALLY BENEFIT NJ AND ITS RESIDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS ATTRACTION AND RETENTION EFFORTS - CHOOSE NEW JERSEY IS KEENLY FOCUSED ON NURTURING ECONOMIC GROWTH IN NEW JERSEY BY STIMULATING JOB CREATION AND CAPITAL INVESTMENT. WORKING WITH GOVERNMENTAL ENTITIES, CHOOSE NEW JERSEY DESIGNS AND EXECUTES BUSINESS DEVELOPMENT STRATEGIES AIMED AT SPECIFIC COMPANIES, WITH A FOCUS ON SEVERAL KEY SECTORS, INCLUDING: INNOVATION & TECHNOLOGY; LIFE SCIENCES; CLEAN ENERGY; ADVANCED MANUFACTURING; LOGISTICS; AND FOOD & AGRICULTURE. WORKING JOINTLY WITH NEW JERSEY'S BUSINESS LEADERS AND COMMUNITY GROUPS, CHOOSE NEW JERSEY ENGAGES DIRECTLY WITH BUSINESS DECISION MAKERS TO COMMUNICATE THE UNIQUE VALUE PROPOSITION FOR DOING BUSINESS IN THE GARDEN STATE. THESE EFFORTS INCLUDE DIRECT NEGOTIATIONS, ECONOMIC DEVELOPMENT MISSIONS, AND NATIONAL AND INTERNATIONAL TRADE SHOWS.


INTEGRATED MARKETING AND MEDIA RELATIONS - CHOOSE NEW JERSEY SUCCESSFULLY AND WIDELY PROMOTES THE BENEFITS OF CONDUCTING BUSINESS IN THE STATE OF NEW JERSEY TO BUSINESSES AND CORPORATE LEADERS IN OTHER STATES AND OTHER COUNTRIES. MARKETING ACTIVITIES INCLUDE PAID ADVERTISING IN BOTH PRINT AND DIGITAL PUBLICATIONS; EVENT PLANNING AND SPONSORSHIPS, INCLUDING PROPRIETARY POLICY SYMPOSIA, NETWORKING EVENTS AND PUBLIC FORUMS; AND WEBSITE DEVELOPMENT AND SOCIAL MEDIA STRATEGIES. MEDIA RELATION ACTIVITIES INCLUDE INTERACTION WITH BRIEFINGS WITH NEWS MEDIA, INTERVIEWS, PRESS RELEASE DISTRIBUTION, AND COORDINATION OF PRESS CONFERENCES TO PROMOTE INITIATIVES, MARKET DEVELOPMENTS AND TRADE MISSIONS.


CHOOSE NEW JERSEY WAS AWARDED A $5 MILLION BUSINESS MARKETING GRANT FROM THE NEW JERSEY DEPARTMENT OF STATE. THIS INITIATIVE WILL HIGHLIGHT THE BENEFITS OF DOING BUSINESS IN THE STATE OF NEW JERSEY AND TO ENCOURAGE NATIONAL AND INTERNATIONAL BUSINESS ENTITES TO RELOCATE AND EXPAND IN THE STATE. THE PRELIMINARY WORK ON THE CAPAIGN, ENTITLED, "THE STATE OF INNOVATION," INCLUDES DEVELOPMENT OF CAMPAIGN STRATEGY, DESIGN AND PRODUCTION OF CREATIVE ASSETS, CREATING A NEW BRAND IDENTITY, AND IDENTIFICATION OF TARGET AUDIENCES WITHIN THE COHORTS OF BUSINESS DECISION MAKERS, SITE SELECTORS AND, ENTREPRENEURS AND STARTUPS; IDENTIFICATION OF GEOGRAPHIC TARGET MARKETS AND ASSESSMENT OF THE MEDIA LANDSCAPE TO IDENTIFY APPROPRIATE AD PLACEMENT OPPORTUNITIES. THIS PERIOD ALSO SAW THE CREATION OF THE LANDING PAGE NJINNOVATION.COM; THE DEVLOPMENT OF LANDING PAGES FOR EACH SECTOR AND KEY SUBSECTORS; AND THE DEVELOPMENT OF ASSETS AND CUSTOM CONTENT TO PUSH OUT ON GOOGLE ADS, LINKEDIN, YOUTUBE AND FACEBOOK/INSTAGRAM; AND, THE CREATION OF THE FIRST VIDEO MARKETING THE STATE FOR BUSINESS ATTRACTION.


AS A CONTINUATION OF ACCOMPLISHMENTS AND SUCCESSES FROM THE FIRST PORTION OF THE STATE OF INNOVATION GRANT, CHOOSE NEW JERSEY HAS BEEN AWARDED A $2 MILLION BUSINESS MARKETING GRANT FROM THE NEW JERSEY DEPARTMENT OF STATE. THE INITIATIVE AIMED TO HIGHLIGHT THE BENEFITS OF DOING BUSINESS IN THE STATE OF NEW JERSEY AND TO ENCOURAGE NATIONAL AND INTERNATIONAL BUSINESS ENTITIES TO RELOCATE AND EXPAND IN THE STATE. THE SCOPE OF WORK OF THIS CAMPAIGN INCLUDES DEVELOPMENT OF CAMPAIGN STRATEGY, DESIGN AND PRODUCTION OF CREATIVE ASSETS, CREATING A NEW BRAND IDENTITY, AND IDENTIFICATION OF TARGET AUDIENCES WITHIN THE COHORTS OF BUSINESS DECISION MAKERS, SITE SELECTORS AND, ENTREPRENEURS AND STARTUPS; IDENTIFICATION OF GEOGRAPHIC TARGET MARKETS AND ASSESSMENT OF THE MEDIA LANDSCAPE TO IDENTIFY APPROPRIATE AD PLACEMENT OPPOURTUNITIES. THIS PERIOD ALSO FOCUSED ON THE DEVELOPMENT OF ASSSETS AND CUSTOM CONTENT TO PUSH OUT ON GOOGLE ADS, LINKEDIN, YOUTUBE AND FACEBOOK/INSTAGRAM; AND, THE CREATION OF THE FIRST VIDEO MARKETING THE STATE FOR BUSINESS ATTRACTION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Xomad
Marketing
$500,000
Today's Business
Marketing
$407,560
New Paradigm Strategy Group
Political Consulting
$142,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,935,861
All other contributions, gifts, grants, and similar amounts not included above$4,293,159
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,229,020
Total Program Service Revenue$796,000
Investment income $341
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,053,939

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Choose New Jersey Inc has recieved totaling $12,500.

Awarding OrganizationAmount
Roma Bank Community Foundation Inc

Short Hills, NJ

PURPOSE: GENERAL PURPOSE

$12,500
View Grant Recipient Profile

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