New Jersey is a great place to launch a new business because of its tech-savvy and educated workforce.
The state also has a tech-focused and entrepreneurial culture.
And, as a result, the tech sector in the state is growing exponentially.
In fact, according to research from IDC, New Brunswick is the fastest growing tech-sector state in the country.
And in 2016, it had more than $1.1 billion in annual revenue.
That’s up from $929 million in 2015.
That is a significant jump, and it speaks to the incredible amount of talent that’s been able to move to New Jersey in recent years.
But the new startup in the city of Napier is also going to bring some of the same challenges as the local tech sector.
Napier has a population of just over 10,000 people.
It’s a little bit of a walk away from the Silicon Valley and the New York City of the world.
In addition, there are some serious challenges, including congestion, low-wage wages, and the potential for a high-cost, high-risk environment.
For this reason, some have suggested that Napier should consider expanding into an even larger market.
But some Napier residents are not convinced that a tech hub is in the cards.
One of those residents is John Giannini.
Giannini, an entrepreneur who has previously built and sold real estate, started a company called Napier Computer Systems in 2007.
In the past five years, the company has grown to more than 1,000 employees.
He sees a lot of opportunity in Napiers proximity to other big tech companies, like Amazon, Microsoft, and Google.
“If you look at the world in five years time, we’ll be a billion-dollar company,” Gianninini said.
“We’re already doing things that are going to be incredibly transformative to society, and that’s the potential here.”
Gianninin is one of the founders of Napiers biggest competitor, the Napier Valley Tech Community.
He has been working on that project since the company’s inception in 2007, but he believes there’s still plenty of room for Napier to grow.
“I’m excited that we’re moving forward,” Gianni said.
The first step in that development would be to get the business license.
That could take anywhere from four to seven years.
In that time, Gianninni hopes the company will be able to get its products to consumers quickly and be able grow its business.
But first, the business has to prove itself.
The company has to pass a number of requirements.
The city of Newport Beach, for example, requires that it provide “an immediate service capability for its customers” and has to hire 100 new employees within three months.
But the city also requires that the company also provide “a qualified employee to oversee the management of the business.”
“There’s always the risk that if we don’t have that in place, we may not be able get started,” Giamini said, adding that Napiers first requirement would be meeting the city’s requirements.
And that means the company would have to prove its ability to hire a team of skilled workers to help run the business.
That would mean having a team in the region that’s qualified to do the job.
“The biggest challenge in doing a venture is that you can’t get the people,” Gilippini said of getting the company off the ground.
“But I think the people are ready for that.”
Giamini and his team are looking to recruit some of those employees to help him take the company to the next level.
One thing they hope to find is some talent in the community.
Giannina said he hopes the team can recruit some local entrepreneurs to help get the company rolling.
“There are people out there that can do some good in the Naperville area,” he said.