A Global Hub For Life Sciences - Choose New JerseyNew Jersey ofers a number of attractive incentives for qualiied life sciences companies, including incentives speciically created

A Global Hub For Life Sciences

New Jersey is a life sciences powerhouse. It is home to the headquarters or

major facilities of 13 of the top 20 biopharmaceutical companies in the world.

Over a five-year period (2011-2016) New Jersey’s drug & pharmaceutical

component still grew by +10.5%. The State also has robust biotechnology

and medical device sectors, as well as world-class research institutions.

With nearly 3,300 facilities operating across all sectors, New Jersey’s life

sciences industry directly employs over 117,000 people, second only to

California. The estimated annual contribution to New Jersey’s economy is

$47.5 billion. In fact, the life sciences industry’s share of the State’s economy

is 89% higher than the national average. What’s more, ours is the only state

where a high degree of life science specialization spans 4 of 5 major industry

subsectors: drugs and pharmaceuticals; research, testing, and medical labs;

bioscience-related distribution; and, medical devices.

NEW JERSEY

NJ LIFE SCIENCES

BY THE NUMBERS

STATE FOR BIOTECH POTENTIALBusiness Facilities, 2015

STATE FOR BIOTECH STRENGTHBusiness Facilities, 2017

REGION FOR NIH FUNDINGNIH Report Database, 2016

OF THE TOP 20 BIOPHARMACEUTICAL

COMPANIESPharmaceutical Executive, 2017

OF 2017 FDA APPROVALS CAME

FROM COMPANIES WITH A

FOOTPRINT IN NJFDA, 2017

ACADEMIC PATENTS (2010-2014)BioNJ

BIOPHARMA PATENTS (2010-2014)BioNJ

LIFE SCIENCES ESTABLISHMENTSLWD, 2018

EMPLOYED IN THE LIFE SCIENCES

INDUSTRYLWD, 2018

#1

#2

#2

13

50%

418

3,200

3,280

117,260

HIGHLY CONCENTRATED, HIGHLY SKILLEDNew Jersey has a highly educated workforce that makes it easy to recruit top

talent. We have the highest concentration of scientists and engineers in the

world: 225,000 at last count.

Many pharmaceutical and biotech companies choose New Jersey specifically

for this specialized R&D and commercialization talent.

Then, there are our top-flight teaching hospitals, medical schools and

universities. Collectively, they graduate 27,000 life science students each

year to join the State’s highly-educated talent pool.

A PERFECT LOCATIONSituated in the heart of the U.S. Northeast Corridor, New Jersey life sciences

companies have strategic access to local and global financial, media markets

and regulatory centers.

Northern New Jersey is just across the river from Wall Street, the heart of U.S.

finance. The regulatory centers of Washington D.C. are less than a 3-hour train

ride or 40-minute flight away.

Life science businesses that settle in the State also benefit from its high

concentration of biopharmaceutical companies, research centers and

universities, which increase the potential for partnering.

ECOSYSTEM FOR DISCOVERY & COMMERCIALIZATION New Jersey’s rich legacy of biopharmaceutical innovation dates back to 1886,

when Johnson & Johnson was founded as a family business in New Brunswick.

Innovation strength continues today as New Jersey companies pioneer the

future of medicine.

In 2017, 50% of new FDA drug approvals came from companies with a New

Jersey footprint. Twelve of the world’s top R&D companies are located here.

Our research universities, Princeton University, Montclair State University, New

Jersey Institute of Technology, Rowan University, Rutgers University, Seton Hall

University, Stevens Institute of Technology, have a long history of discovering

unique technologies for commercialization and collaboration with the private

sector to bring them to market. Their work is complemented by research

underway at New Jersey’s 13 teaching hospitals and 4 medical schools.

This concentration, combined with leading contract research organizations

(CROs) and a highly-diverse population make the State a prime location for

clinical trials. New Jersey’s drug pipeline includes breakthrough medicines for

the treatment of cancer, infectious disease and others. More than 470 CROs

have operations in New Jersey.

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SELECT INCUBATORS, HUBS & RESEARCH PARKSAgile Strategies Lab: A partnership of Hackensack Meridian Health and

the New Jersey Innovation Institute (NJII), the incubator provides space and

resources for early-stage companies developing disruptive technologies that

have the potential to improve the delivery of healthcare. Located at NJII on

the campus of New Jersey Institute of Technology in Newark, Hackensack

Meridian Health has committed to $25 million in funding for companies in

the incubator.

The Commercialization Center for Innovative Technologies (CCIT):

Located in North Brunswick in the heart of the State’s “Research Corridor”,

CCIT is one of the most significant incubation facilities in the U.S. Strategically

located between Princeton and Rutgers universities, CCIT offers labs that are

“plug and play” ready and a variety of support services.

Enterprise Development Center (EDC): Home to more than 90

technology and life-science start-ups, EDC is located on the campus of

the New Jersey Institute of Technology (NJIT) in Newark. EDC companies

have access to NJIT facilities, researchers, mentors, student interns and

programming to help grow their business. Its Soft Landings International

Incubator designation makes it an ideal launch pad for foreign biotechnology

businesses.

Institute for Life Science Entrepreneurship (ILSE) Incubator: Housed

in the state-of-the-art STEM building at the New Jersey Center for Science

Technology & Mathematics at Kean University in Union, ILSE gives early-stage

life science companies access to laboratory suites and services.

New Jersey Center of Excellence: Situated on 110 acres in Bridgewater

in the heart of the life sciences corridor, the research campus includes

approximately 850,000 square feet of state-of-the-art laboratory, office,

GMP production and warehouse facilities with a tenant roster that includes

both global and emerging companies.

Princeton Innovation Center: Located just minutes from the Princeton

University campus, Princeton Innovation Center was created to promote innovation and support the local entrepreneurial ecosystem.

The incubator provides a wide range of resources for entrepreneurs and early-stage companies including wet labs for chemical, biological

and pharmaceutical research.

South Jersey Technology Park (SJTP) at Rowan University: SJTP in Mullica Hill offers state-of-the-art space in its incubator for

technology businesses and entrepreneurs. A showpiece of SJTP is its room-sized CAVE® – a Virtual Reality Lab where teams conduct

extensive, cost-effective research in a 3D virtual environment.

COMING SOON...ON3: Located in Nutley/Clifton, ON3 will offer companies a world-class mixed-use life sciences campus. It also will be home to

Seton Hall-Hackensack Meridian medical school, Seton Hall University’s schools of Nursing and Health and Medical Sciences, as well

as a world-leading National Health Institute-designated clinical research center. To support breakthrough innovation, the Hackensack

Meridian Innovation Center, an incubator to help early-stage companies developing promising technologies, also will be located on the

campus.

The Hub @ New Brunswick Station: To be located in downtown New Brunswick directly across from the New Brunswick train

station and within walking distance of Rutgers University and Johnson & Johnson, The Hub will be a 1.7 million-square-foot mixed-use

redevelopment project that will consist of multiple buildings to meet the research and lab requirements of life sciences companies.

Thomas O. Daniel Research Incubator and Collaboration Center: Scheduled to open in 2017, the 16,000-square-foot incubator

will be located on Celgene Corporation’s West Research campus in Summit. The incubator will offer state-of-the-art lab space, resources

and support to scientists and companies with potentially transformational technologies.

INCENTIVES TO SUPPORT GROWTHNew Jersey offers a number of attractive incentives for qualified life sciences

companies, including incentives specifically created to support start-up and

early-stage ventures.

Angel Investor Tax Credit Program: Provides refundable tax credits against

New Jersey corporation, business or gross income tax for 10% of a qualified

investment in an emerging technology business with 75% of their employees

in New Jersey, and that conducts research, manufacturing or technology

commercialization. Out-of-state and foreign investors are eligible for the

program.

Founders and Funders: At events held semi-annually, select early-stage

companies have the opportunity to meet with venture investors in 10 minute,

one-on-one sessions to discuss strategy, business models and funding

opportunities.

Technology Business Tax Certificate Transfer Program (NOL): Allows

New Jersey-based biotechnology companies to sell their New Jersey net

operating tax losses and R&D tax credits to unrelated profitable corporations.

Businesses can monetize their losses to fund their business growth and

operations.

NJ CoVest Fund: Provides growth capital to early-stage technology and life

sciences companies. The new Fund fills a market need in New Jersey, ensuring

the availability of capital at a company’s critical stage between product

development and commercial operation expansion, where limited funds

are currently available and a funding gap exists. The NJEDA expects to begin

accepting applications in the third quarter of 2017.

Grow New Jersey Assistance Program (Grow NJ): Life sciences companies

may qualify for tax breaks by creating as few as 25 full-time jobs (10 for

biotechnology start-ups and manufacturing) or retaining 35 full-time jobs.

Tax credits for qualified projects range up to $15,000 per job, per year, over 10

years. Companies that are located in newly established “Garden State Create

Zones” and engaged in qualified collaborative research agreements with New

Jersey colleges or universities may be eligible for increased tax incentives.

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Angel Investor Tax

Credit

Incubator, Office and

Lab Space

Founders &

Funders

Technology

Business Tax

Credit Transfer

Program (NOL)

NJ CoVest

Fund

Grow NJ

Assistance

Program

STATE SUPPORT AT ALL

STAGES OF GROWTH

PHARMACEUTICAL New Jersey Employment

Druggists' Goods Merchant Wholesalers 16,050

Pharmaceutical Preparation Manufacturing 15,790

Toilet Preparation Manufacturing 6,440

Soap & Other Detergent Manufacturing 1,110

MEDICAL DEVICES New Jersey Employment

Surgical Appliance & Supplies Mfg. 6,870

Surgical & Medical Instrument Mfg. 2,540

Electromedical Apparatus Mfg. 1,900

Electricity & Signal Testing Instrument Mfg. 1,320

Dental Laboratories 960

Industrial Process Variable Instruments 890

Analytical Laboratory Instruments 750

Automatic Environmental Control Mfg. 250

Irradiation Apparatus Mfg. 70

Fluid Meters & Counting Devices 70

BIOTECH New Jersey Employment

R&D in physical, engineering & life sciences 15,060

R&D in Biotechnology 14,070

Medical Laboratories 11,360

Diagnostic Imaging Centers 3,330

Social Science/Humanities Research 1,310

TOP OCCUPATIONS WITHIN LIFE SCIENCES SUB-GROUPS

Data Source: Quarterly Census of Employment & Wages, 2016 Annual Averages, NJLWD

Burlington County

4,720

Ocean County

1,670

Mercer County

10,390Monmouth County

5,970

Middlesex County

16,748

Camden County

3,140

Cape May County

120

Atlantic County

790

Cumberland County

130

Salem County

190

Gloucester County

1,180

Somerset County

13,360

Hunterdon County

1,360

Warren County

320 Morris County

14,960

Sussex County

260Passaic County

4,080

Bergen County

16,850

Essex County

3,911

Union County

11,580

HudsonCounty

970

Life Sciences Employment

17,000 - 16,001

16,000-12,001

12,000-8,001

8,000-4,001

4,000-1

New Jersey Total: 117,260

Data Source: Quarterly Census of Employment & Wages,

2016 Annual Averages, NJLWD

LIFE SCIENCES EMPLOYMENT

BERGEN

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Bio-Reference Laboratories

Cambrex Corp

Frontage Laboratories Inc

PAREXEL International

Stryker Orthopaedics

Sunovion

Teva Pharmaceuticals USA

SAMPLE LIFE SCIENCES EMPLOYERS BY COUNTY

MIDDLESEX

Abbott Laboratories

Advaxis Inc

Amicus Therapeutics Inc

Amneal Pharmaceuticals

Aurobindo Pharma USA

Bristol-Myers Squibb

Chromocell Corp

Daiichi Sankyo Pharma

Dr Reddy’s Laboratories

Helsinn Therapeutics

Johnson & Johnson

Novo Nordisk Inc

Palatin Technologies Inc

PTC Therapeutics Inc

Sandoz Inc

MORRIS

Allergan

Amneal Pharmaceuticals

Bayer Health Care

C R Bard Inc

Ferring Pharmaceuticals Inc

Glaxosmithkline

Immunomedics Inc

Merck & Co Inc

Novartis

Pfizer Inc

Quest Diagnostics

Quintiles Inc

Radius Health

The Medicines Company

Zoetis Animal Health

SOMERSET

Amneal Pharmaceuticals

Catalent Inc

Celgene Corp

Chugai Pharma USA LLC

Eli Lilly & Co

Insmed Inc

Johnson & Johnson

Janssen

Merck & Co

Pfizer Inc

Roche

Sanofi US

MERCER

Agile Therapeutics Inc

Bristol-Myers Squibb

Celator Pharma

Covance Inc

Frontage Clinical Svc

Genmab Inc

Hovione LLC

Janssen Pharmaceuticals Inc

Otsuka American Pharmaceutical

PPD Inc

Sandoz Inc

Soligenix Inc

Taiho Oncology Inc

UNION

Allergan

Celgene

C R Bard Inc

Edge Therapeutics

Merck & Co Inc

Novartis

ACCESS TO ROADS, RAIL & MAJOR CITIES

Train Stations Major HighwaysNew Jersey Cities

Philadelphia

New York City

Jersey City

Princeton

Trenton

Camden

Hoboken

Newark

Atlantic City

New Brunswick

Parsippany

Bridgewater

Morristown

ACCESS TO AIR & WATER TRANSPORTATION

Newark Liberty International

Teterboro Airport

Morristown Municipal Airport

Linden Airport

Essex County Airport

Princeton Airport

Central Jersey Regional Airport

Trenton-Mercer Airport

Monmouth Executive Airport

South Jersey Regional

Cape May County Airport

Atlantic City Int’l Airport

George Washington Bridge Heliport

Newport Helistop

Paulus Hook Pier Helistop

Liberty State Park Helistop

Kearny Helistop Heliport

Carnegie Center Heliport

185 Monmouth Parkway

Associates Helistop Heliport

Hargrove Heliport

Bridgeton Heliport

Port Newark/Elizabeth

Bayonne Piers

Port of Camden

Port of Paulsboro

Port of Salem

EdgewaterPort Imperial Weehawken

Lincoln Harbor

Hoboken North

Hoboken

Liberty Harbor

Liberty Landing Marina

Port Liberte

Atlantic HighlandsBelford-Harbor Way

Paulus Hook Pier

Newport

Airports PortsFerriesHelipads

ACCESS TO EDUCATION & RESEARCH

Princeton University

The College of New Jersey

Rutgers University- New Brunswick

Rutgers University- Newark

Rutgers University- Camden

Rowan University

Montclair State University

New Jersey Institute of Technology

Stevens Institute of Technology

New Jersey City University

William Paterson University

Thomas Edison State University

Fairleigh Dickinson University

Monmouth University

Rider University

Seton Hall University

Ramapo College of New Jersey

St. Peter’s University

New Jersey Medical School at Rutgers

Robert Wood Johnson

Medical School at Rutgers

Rutgers Cancer Institute of

New Jersey

Hackensack University

Medical Center

Cooper University Health Care

Kessler Institute for Rehabilitation

Saint Barnabas Medical Center

University Hospital, Newark

Robert Wood Johnson

University Hospital

Jersey Shore University

Medical Center

Morristown Medical Center

Cooper Medical School of Rowan University

Rowan University School of Osteopathic Medicine

St. Peter’s University HospitalUniversity Medical Center of Princeton

Capital Health Medical Center

CentraState Medical Center

4-Year Universities Hospitals Medical Schools

PHARMACEUTICAL & BIOTECH CLUSTERS (SELECTED)

Bayer Healthcare

Bayer Healthcare

Bristol-Myers Squibb

Bristol-Myers Squibb

Johnson & Johnson

Johnson & Johnson

Ferring AbbVie

Daiichi Sankyo

Daiichi Sankyo

Eli Lilly

Janssen

Janssen

Sandoz

BD

GlaxoSmithKline

GlaxoSmithKline

Merck

Novartis

Novo Nordisk

Pfizer

PfizerPfizer

Roche

Valeant

Teva

Amneal

ZoetisCelgene

Catal -

PTC Therapeutics

Otsuka

Allergan

Cambrex Corporation

Allergan

Stryker Orthopaedics

Covance

Quintiles

Catalent

Frontage Laboratories

PPD

Parexel

Parexel

Aurobindo

Dr. Reddy’s Laboratories

Quest Diagnostics

Biotrial

Life Science Companies (A Representative Sampling)

Burlington County

96.7%

Ocean County

98.1%

Mercer County

97.8%Monmouth County

99.5%

Middlesex County

98.8%

Camden County

97.1%

Cape May County

97.4%

Atlantic County

95.9%

Cumberland County

93.6%

Salem County

95.7%

Gloucester County

98.1%

Somerset County

99.5%

Hunterdon County

98%

Warren County

98.6% Morris County

99.9%

Sussex County

100%Passaic County

100%

Bergen County

99.9%

Essex County

99.2%

Union County

99.7%

HudsonCounty99.2%

Broadband Coverage100 mbps

100-97%

96-90%

89-60%

59-30%

29-0%

Data Source: Broadbandnow.com (Sourced from: The

Broadband Commission, Federal Communications

Commission, United States Department of Commerce),

February 2018

#1 Most

Connected State

99% have access to wired broadband

(25 mbps or faster)

99% have access to wired broadband

(100 mbps or faster)

BROADBAND COVERAGE IN NEW JERSEY

WHY CHOOSE NEW JERSEY

HIGHLY EDUCATED WORKFORCE• 39% of the workforce has a bachelor’s degree or higher

• Highest concentration of scientists and engineers in

the world

• Ranked #2 for education in US News & World Report’s

2017 “Best States for Education”

• 63 colleges and universities, including Princeton

University, Rutgers University, Rowan University, New

Jersey Institute of Technology and Stevens Institute of

Technology

STRATEGIC LOCATION• At the heart of the Northeast Corridor—#1 distribution

market in the U.S.

• Within a two-hour drive of 22 million consumers with

$800 billion in income

• Within one day’s drive to 130 million consumers with

$3 trillion in disposable income

• #1 Largest Seaport on the East Coast

• #3 Busiest Seaport in North America

INTERNATIONAL GATEWAY • 270+ U.S. headquarters of foreign companies

• 21 Fortune 500 Companies and 4 Global 500

headquarters

• Comprehensive network of world-class seaports and

airports

• Nonstop flights to 130 international destinations

GENEROUS INCENTIVES• With the Grow NJ Assistance program, companies may

qualify for fully-transferable tax credits by creating as

few as 25 full-time jobs or retaining 35 full-time jobs.

Manufacturers may qualify by creating as few as 10

full-time jobs or retaining 25 full-time jobs.

FIRST-CLASS QUALITY OF LIFE• Diverse population with communities of interest for

international companies

• 130 miles of beaches, four professional sports teams,

rich arts and culture

• #1 Best Small City in the Country (Princeton)

• #1 Beach in America (Ocean City)

CONTACT Choose New Jersey, Inc.

201 Rockingham Row

Princeton Forrestal Village

Princeton, New Jersey 08540

phone: 609-297-2200

www.choosenj.com

ABOUT CHOOSE NEW JERSEY, INC.Founded in 2010, Choose New Jersey’s mission is to encourage and nurture

economic growth throughout New Jersey, with a focus on our urban centers.

Through integrated marketing and business attraction and retention efforts,

we stimulate job creation and capital investment, and collaborate with the

State’s universities to encourage research, discovery, and innovation.

Privately funded, Choose New Jersey is supported by a prominent group of

leaders from many of the State’s Fortune 500 and other top companies,

such as privately-held ventures, labor organizations, associations, and higher

education institutions. These organizations represent 1.25 million people, or

nearly one-quarter of the State’s private-sector workforce.

Choose New Jersey markets the State as a premier business location to both

domestic and international businesses, and offers companies interested in

locating or expanding in New Jersey a full range of complimentary services to

ensure a smooth process from planning through move-in including:

• Customized RFP responses

• Market assessment and planning services

• Site visits

• State assistance information

• Connections to a wide range of services provided by our public and

private partners ― from regulatory and legal assistance to workforce

training.

© 2018 Choose New Jersey, Inc., a private 501(c)(3) corporation. R 2/18

Cathy Scangarella

Senior Vice President, Development

phone: 609.297.2203

cell: 609.731.4169

email: [email protected]