As a man of New Jersey, I know that it can feel like we are a simple little brother to the big apple that sits next door to our state. This feeling actually tarnishes what is turning into quite the impressive cultural resume of New Jersey, we are the home of farming, The Sopranos, and The Mets. There is one industry that has gone under the radar but is absolutely booming in the New Jersey area; and that is that of the tech industry. With many stating that New Jersey is slowly becoming the Silicone Valley of the East coast. This passage will aim to examine the validity of this statement.
New York may be jealous of the pest control of New Jersey which has completely cutting edge tech, of which you can find at companies like https://permakillexterminating.com/ this industry has led to a new economy of exports, with the pest control industry of New Jersey getting a lot of work in New York, bringing millions into the New Jersey economy. This obviously is not on the same level as Silicone Valley; and though New Jersey now dominates the pest control industry, is that enough to truly take the technological crown. Until New Jersey has a product that makes it into people’s homes then it can not make such a claim.
We should perhaps take a look at the steps that the New Jersey government has taken to try and entice tech companies into their state borders. Well, New Jersey has introduced tax breaks for the super-rich, I.E. the owners of these tech companies, and offered bursaries for companies that choose to make the move into the New Jersey area. The biggest thing that these companies can offer in return to the state is employment. With many of the local workers receiving employment from these giants. The introduction of tech giants can also stimulate the local economy. With everything from coffee shops to hairdressers to supermarkets receiving a boost from the bump in the local population.
The biggest issue with the comparisons between the two states is that Silicone Valley is already so well established, while the New Jersey industry is still growing. Now, I must ask you when you think of Silicone Valley what tech companies come to your head? Apple… Facebook… Amazon… All are good answers. When you picture the state of New Jersey what tech companies come to your head? There is no truly established tech company that has decided to stay in the New Jersey area until the day comes where a company rejects Silicone Valley to remain in New Jersey there is no real competition between the two.
As the above passage does show New Jersey has a long way to go before they can catch up to Silicone Valley. The main problem that I found is that it truly does not matter what tax breaks New Jersey can offer, there is something in the shear status symbol of Silicone Valley, a symbol that money simply can’t buy. It is more of a statement that you have truly finally made it in the tech world, you are a Silicone Valley company… wow. Until the tech of pest control gains momentum in the stock market I doubt we will ever see New Jersey catch up.