Report: NJ Lost 7,200 Jobs in Corporate Moves

June 22, 2026 | njbiz.com

A Focus NJ analysis titled “Missed Opportunities” examines eight corporate decisions that reduced in-state employment, expanded operations elsewhere or relocated jobs from the Garden State.

The report comes as recent headlines point to high-profile relocations, expansions and redomiciling out of New Jersey. The latest moves include companies such as Samsung and ExxonMobil heading to Texas.

Along with Samsung, “Missed Opportunities” also includes Bristol Myers Squibb, Eos Energy Enterprise, Hertz Global Holdings, Honeywell International, Johnson & Johnson, Verizon and Walmart.

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NJ SEED: In the ebb and flow of a free-market economy there will always be business relocations. The trick is to have more companies increase employment in NJ than move jobs out.