Explore New Jersey Technology & Business Report: May 2025
New Jersey’s business landscape continues to evolve with significant developments across various sectors. Here’s a comprehensive overview of the latest economic activities and strategic initiatives shaping the Garden State.
DoorDash Contributes $2 Billion to New Jersey’s Economy in 2024
DoorDash’s impact on New Jersey’s economy has been substantial, with the platform generating over $2 billion in economic activity last year. This includes approximately $725 million in earnings for local drivers, known as “dashers,” and support for more than 25,000 jobs across merchants and suppliers. The company’s services have enabled small businesses to reach a broader customer base, with 85% of surveyed merchants recommending DoorDash to others. Additionally, 92% of dashers appreciate the flexibility the platform offers, allowing them to work on their terms and achieve greater financial stability.
SIDE and InteliClear Forge Strategic Technology Partnership
SIDE (Securities Industry Data Exchange Inc.) and InteliClear LLC have announced a strategic technology agreement aimed at enhancing global post-trade capabilities. This collaboration seeks to streamline post-trade processes, improving efficiency and reducing costs for financial institutions worldwide. By integrating advanced technologies, SIDE and InteliClear plan to expand their services, beginning with North America, to meet the growing demands of the financial industry.
Heritage’s Eyes Former Collingswood Wawa Location for New Store
Heritage’s Dairy Stores, a family-owned convenience store chain, is in negotiations to acquire the former Wawa location at 668 Haddon Avenue in Collingswood. Company President Skeeter Heritage Jr. aims to finalize the deal by the end of the month, which would mark the company’s sixth Camden County location. Founded in 1957, Heritage’s has a rich history in South Jersey, starting as a milk delivery service and evolving into a prominent convenience store chain with 33 locations across the region.Inquirer.com
Trenton Targets Manufacturing Sector for Economic Growth
The city of Trenton is focusing on revitalizing its manufacturing sector as a key component of its economic development strategy. With a rich industrial history, Trenton is home to numerous manufacturing companies, including Hutchinson Industries and Congoleum Corporation. The city’s efforts aim to attract new investments, create jobs, and foster innovation within the manufacturing industry, contributing to the broader economic growth of New Jersey.Dun & Bradstreet
Stickley Furniture Hosts Limited-Time Factory Outlet Event in Monmouth County
Stickley, renowned for its handcrafted American furniture, is hosting a special Factory Outlet event in Monmouth County. This limited-time event offers deep discounts on a wide range of Stickley products, providing customers with an opportunity to purchase high-quality furniture at reduced prices. The event underscores Stickley’s commitment to making its timeless designs accessible to a broader audience while maintaining its reputation for craftsmanship and quality.
These developments highlight New Jersey’s dynamic business environment, characterized by innovation, strategic partnerships, and a commitment to economic growth across various sectors.