Stable Financial Position With a strong “Aaa” Moody’s bond rating and a substantial budget of over $30 million, the Borough of Tenafly demonstrates financial stability, making it an attractive candidate for service providers offering financial management, consulting, or technology solutions.

Technologically Engaged The municipality utilizes a diverse tech stack including Google Analytics, Bootstrap, and social media platforms, indicating openness to digital solutions and potentially valuable for vendors providing web development, data analytics, or digital engagement tools.

Workforce and Community Size With around 150 full-time and part-time employees serving a community of 14,641 residents, there is a notable scope for employee training services, HR technology, and community engagement platforms tailored to small municipal governments.

Growth and Expansion Potential Given its recent focus on budget management and ongoing capital programs, the borough might seek infrastructure upgrades, modernization services, or project management solutions to support municipal development projects.

Comparable Municipal Market Similar local governments such as Fort Lee and Hackensack, both with larger workforces, indicate a regional demand for government-specific solutions, creating opportunities for scalable products tailored to municipal needs.