New Jersey Economic Development Guide 2013

Highly Educated, Perfectly Located State creates ideal business climate

Industrial StrengthNew initiatives spur resurgence in manufacturing

Getting the Job DoneStrong programs yield workforce advantage

SPonSorED by tHE nEw JErSEy PartnErSHIP for actIon | 2013

businessclimate.com/new-jersey

new jersey economic development guide

http://businessclimate.com/new-jersey

http://bcdcnewark.org

http://choosenj.com

http://www.co.cumberland.nj.us

http://www.vinelandbusiness.com

http://www.millville-nj.com

http://www.upperdeerfield.com

http://mailto:[email protected]

http://www.cezcorp.org

b u S I n E S S c L I m a t E . c o m / n E w - J E r S E y 5

http://www.visitmonmouth.com


workstyleHighly Educated, Perfectly Located 17New Jersey creates the ideal climate for business growth

the right formula 22New Jersey shapes winning environment for life sciences, biopharmaceuticals

Industrial Strength 28New programs spur manufacturing resurgence

wealth of talent 34Garden State cultivates strong financial services sector

Green means Grow 38A clean-energy economy takes root in New Jersey

Getting the Job Done 57Strong programs deliver a workforce advantage

Table of Contents Continued on Page 7

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on tHE covEr the Katyn memorial in downtown Jersey city Photo by jeff adkins



Please contact:Bergen County Economic Development Corporation (BCEDC) Maggie Peters, Director201.336.7500 or [email protected]

Visit us at www.co.bergen.nj.us/bcedc

B Where you can have it all!

ergen County

http://www.co.bergen.nj.us/bcedc

mailto:[email protected]


Insightoverview 11

business almanac 12

transportation & Logistics 45

technology 52

Education & workforce 57

Livability 60

Gallery 66

Economic Profile 70

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Share with a friendeasily share an interesting article, stunning photo or advertisement of your business on facebook, twitter or via email.

haVe a BLOG Or weBSite?embed the digital magazine into your site to add compelling information about the successful businesses located here, what it’s like to work here and why it’s a great place to live.

dO MOre than JUSt read aBOUt ithear from decision-makers at leading companies, see video of the region’s success stories and find links to useful demographic information and information sources.


38 N E W J E R S E Y E C O N O M I C D E V E L O P M E N T G U I D E B U S I N E S S C L I M A T E . C O M / N E W - J E R S E Y 39

Fluitec International helps clean-energy companies be more efficient.

38 N E W J E R S E Y E C O N O M I C D E V E L O P M E N T G U I D E B U S I N E S S C L I M A T E . C O M / N E W - J E R S E Y 39

Green Means GrowGarden State cultivates clean-energy economy

Story by Kathryn RoysterPhotography by Jeff Adkins

New Jersey has a growing and diverse green-collar economy that employs more than 200,000 workers in areas

ranging from renewable energy production to green building construction to green design to environmental remediation.

The state has established itself as a national leader, thanks in part to an economic climate that supports clean-energy companies at every of the energy pipeline.

FROM INCUBATION ...New Jersey’s support for clean energy starts with

initiatives like the New Jersey Clean Energy Resource Network (NJ CERN), led by the Rutgers EcoComplex, and the New Jersey Meadowlands Commission Business Accelerator.

NJ CERN offers the Clean Energy Innovation Work Group, whose panel of experts evaluates the performance and market viability of new clean-energy technologies.

“It gives startup companies a way to show that their technology has been verified, so they’ll have a


http://www.epa.gov/radon



2013 Edition, volumE 2

dirEctor of contEnt Bill McMeekiN ProofrEading managEr RAveN PettycontEnt coordinator JeSSicA WAlkeRStaff WritEr keviN litWiNcontributing WritErS JohN FulleR, M.v. GReeNe, MelANie hill, JohN McBRyde, kAthRyN RoySteR, StePhANie vozzA, GARy WolleNhAuPtSEnior graPhic dESignErS StAcey AlliS, lAuRA GAllAGheR, kRiS SextoN, JAke ShoReS, vikki WilliAMSgraPhic dESignErS eRicA lAMPley, kARA leiBy, kAcey PASSMoReSEnior PhotograPhErS JeFF AdkiNS, BRiAN MccoRdStaff PhotograPhErS todd BeNNettcolor imaging tEchnician AliSoN huNteRintEgratEd mEdia managEr BRyANt GRANthAM, MAtt McWhoRteRad Production managEr kAtie MiddeNdoRFad traffic aSSiStantS kRyStiN leMMoN, PAtRiciA MoiSAN

chairman GReG thuRMANPrESidEnt/PubliShEr BoB SchWARtzMANExEcutivE vicE PrESidEnt RAy lANGeNSEnior v.P./SalES todd PotteRSEnior v.P./oPErationS cASey heSteRSEnior v.P./cliEnt dEvEloPmEnt JeFF heeFNeRSEnior v.P./buSinESS dEvEloPmEnt Scott teMPletoNSEnior v.P./agribuSinESS PubliShing kiM holMBeRGv.P./buSinESS dEvEloPmEnt clAy PeRRyv.P./ExtErnal communicationS teRee cARutheRSv.P./viSual contEnt MARk FoReSteRv.P./contEnt oPErationS NAtAShA loReNSv.P./travEl PubliShing SuSAN chAPPellv.P./SalES RhoNdA GRAhAM, heRB hARPeR, JARek SWekoSkycontrollEr chRiS dudleySEnior accountant liSA oWeNSaccountS PayablE coordinator MARiA McFARlANdaccountS rEcEivablE coordinator diANA GuzMANSalES SuPPort coordinator Alex MARkSSalES SuPPort ProjEct managEr SARA quiNtSyStEm adminiStrator dANiel cANtRellWEb crEativE dirEctor AlliSoN dAviSWEb contEnt managEr JohN hoodWEb ProjEct managEr Noy FoNGNAlyWEb dESignEr ii RichARd SteveNSWEb dEvEloPmEnt lEad yAMel hAllWEb dEvEloPEr i NelS NoSeWoRthyPhotograPhy dirEctor JeFFRey S. ottocrEativE SErvicES dirEctor chRiStiNA cARdeNcrEativE tEchnology analySt BeccA ARyaudiEncE dEvEloPmEnt dirEctor deANNA NelSoNnEW mEdia aSSiStant AlySSA diciccodiStribution dirEctor GARy SMithExEcutivE SEcrEtary kRiSty duNcANhuman rESourcES managEr PeGGy BlAkerEcEPtioniSt liNdA BiShoP

New Jersey Economic Development Guide is published annually by Journal communications inc. and is distributed through the New Jersey Partnership for Action. For advertising information or to direct questions or comments about the magazine, contact Journal communications inc. at (615) 771-0080 or by email at [email protected].

for morE InformatIon, contact:New Jersey Business Action center225 W. State St. • trenton, NJ 8625Phone: (866) 534-7789 www.nj.gov/njbusiness

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LifestyleFind out what it’s like to live in New Jersey and what makes the state such a special place to be

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Highly Educated,Perfectly LocatedState creates ideal business climate

Industrial StrengthNew initiatives spur resurgence in manufacturing

Getting the Job DoneStrong programs yield workforce advantage

SPonSorED by tHE nEw JErSEy PartnErSHIP for actIon | 2013






http://www.nj.gov/njbusiness




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Overview

new Jersey makes it Easier for business to Do business

From metropolitan locations with port access to pastoral sites with vast open space, the Garden State offers an abundance of opportunity for residents, visitors and businesses.

our workforce is among the best educated and our diverse range of industries makes New Jersey a destination for all business sectors. With a variety of recreational activities, miles of sandy beaches and an array of cultural experiences, it is no surprise that Forbes ranked New Jersey fifth-best in the united States for quality of life.

From day one of our Administration, we embarked on an ambitious course to leverage these vital resources and remove the roadblocks that have historically stifled job creation, private investment and innovation in New Jersey.

We established a permanent Red tape Review commission to reduce the bureaucracy that strangles economic growth and imposes costs on business and residents; we made significant strides to transform our notoriously poor tax climate; and we created the New Jersey Partnership

for Action to attract new business and help existing business thrive by zeroing in on relationship building and person-to-person outreach, promoting state incentives and resources, developing pro-growth policies, and assisting businesses in navigating state government and programs.

With a focus on cultivating a more business-friendly environment and redefining New Jersey in the marketplace, the results of our efforts thus far are unmistakable. Businesses like intrasphere technologies and catapult learning are relocating to our State.

Global companies like Fluitec international are deciding to set up shop in New Jersey to expand their reach in the u.S. market. other businesses, like Watson Pharmaceuticals, are expanding, and Fortune 500 companies – from coca cola enterprises to honeywell international – are also planning to remain and grow in New Jersey.

these companies are witnessing a new reality in the Garden State, one that is supported by New Jersey’s unique advantages and bolstered by our continuous, concerted efforts to make New Jersey a home for growth.

When choosing where to grow your business, we hope you will agree that New Jersey is the ideal location to live, work and play.

chris christie, Governor

kim Guadagno, lt. Governor

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bEttInG bIGFollowing a successful soft launch in April 2012, Revel in Atlantic city formally opened in May, a $2.4 billion investment that includes a hotel, casino and theater as well as 10 swimming pools, 14 restaurants, three clubs, 46 shops and a 28,000-square-foot spa. At 47 stories, the 1,300-room Revel is the tallest structure in Atlantic city and the second-tallest in New Jersey.

the casino features more than 2,500 slot machines and 120 table games. Revel’s 5,050-seat theater gives patrons exciting live entertainment from performers such as Maroon Five, Seal and kid Rock, to name a few. learn more at www.revelresorts.com.

SwImmInG In SEa LIfEA centerpiece of waterfront development efforts in camden is the Adventure Aquarium, the fifth-largest aquarium in the nation.

the 200,000-square-foot attraction includes 8,500 creatures housed in 2 million gallons of water. it is the only aquarium in the world to exhibit hippopotamuses, and one of only two aquariums in the country exhibiting the hammerhead shark.

Adventure Aquarium is just one of a handful of venues that offers opportunities to touch aquatic creatures including stingrays and sharks. these hands-on exhibits give Adventure its reputation as “America’s Most touchable Aquarium.” visit www.adventureaquarium.com for more information.

combat bootS to buSInESS SuItSWhen the Army announced in 2005 that it would close Fort Monmouth, following the federal Base Realignment and closure commission’s recommendation, it opened the door for a tremendous opportunity for the region.

When the installation officially closed in September 2011, it opened more than 1,100 acres in oceanport, eatontown and tinton Falls for other uses. led by the Fort Monmouth economic Revitalization Authority, redevelopment efforts are focused on attracting investors, developers and employers to the property to spur private investment and create a diverse range of jobs.

commvault, a data and information management software firm, plans to build its world headquarters on a 55-acre site at Fort Monmouth. For more information, visit www.fortmonmouthredevelopment.com.

Almanac

http://www.revelresorts.com

http://www.adventureaquarium.com

http://www.fortmonmouthredevelopment.com

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tHE cHamPIon’S nEw HomEopened in April 2010, the New Meadowlands Stadium replaced the former Giants’ Stadium, which had been home to football’s New york Giants since 1976. it became known officially as Metlife Stadium after the insurance company acquired naming rights in 2011.

Metlife Stadium is home to both the New york Jets and Super Bowl champion Giants, making it the only National Football league stadium shared by two teams. its construction cost of $1.6 billion made it the most expensive NFl stadium ever built.

this unique facility will host Super Bowl xlviii in 2014 as well as WrestleMania xxix in April, 2013. these premier events as well as NFl games will draw hundreds of thousands of patrons to the numerous area retailers that surround and support the stadium. For additional information, go to www.metlifestadium.com.

rEaL EStatE PromISES rEaL rEvEnuENew Brunswick is the site of two major developments that together represent an investment of more than $250 million.

the Gateway will be a mixed-use property standing 295 feet above New Brunswick’s train station, and will become the city’s tallest building. once completed, it will include a structured parking facility, 50,000 square feet of office space, 65,000 square feet of retail space and a 16-story residential tower with 150 apartments and 42 condominiums.

the Wellness Plaza will be a hub of fitness-oriented retailers and activities near the Gateway, and will include a 1,200-car parking garage, supermarket, and fitness and aquatic center operated by Robert Wood Johnson university hospital.

tHE SKy’S tHE LImItJersey city is home to several skyscrapers that impress and inspire.

Goldman Sachs tower was built in 2004 and, at 781 feet, is the tallest building in New Jersey and the 54th-tallest in the united States. constructed in 2008, trump Plaza Residences is 532 feet tall and contains 445 residential units on 55 floors, yielding more than 1.74 million square feet of living space. trump Plaza Residences is the tallest residential building in New Jersey.

Adding to the Jersey city skyline are Monaco North and Monaco South, two residential buildings totaling nearly 525 units. the 50-story towers offer such amenities as a health and fitness center, a heated outdoor swimming pool, comprehensive business center and 24-hour valet and concierge services. Find more information at www.monacojc.com.

http://www.metlifestadium.com

http://www.monacojc.com

THE BUSINESS CLIMATE IS HEATING UP IN THE GARDEN STATE

BusinessClimate.com brings you New Jersey in a whole new way


Dive into the details, demographics and information

FACTS & STATS

Key industry segments that drive the economyTOP INDUSTRIES

Learn how leading-edge businesses are breaking new ground

COOL COMPANIES

Pinpointing the deals and developments that shape the economyTRENDS

What makes the state a great place to live, raise a family and have fun

LIVABILITY

Find out who the major players areTOP EMPLOYERS

Stay connected with the latest developmentsTWITTER

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SLIGHtLy aHEaD of ItS tImEA famed electronics company is making a major commitment to New Jersey.

Panasonic corporation of North America will open its new North American headquarters in Newark by 2013. the move to a new state-of-the-art, 12-story building under construction in downtown Newark will keep 800 jobs in New Jersey and create 200 new ones.

Panasonic is offering employees trips to Newark to help them become familiar with its attractions, including restaurants, parks and the New Jersey Performing Arts center, to name a few. visit www.panasonic.com for more information.

a HIStory of SErvIcEin addition to being the Garden State’s capital, trenton is home to an American landmark that predates the creation of the nation.

the old Barracks is historically significant as the only standing barracks in the united States that once housed soldiers in the French and indian War, fought between 1754 and 1763. during the Revolutionary War, the Barracks served George Washington and his forces in the colonists’ victory over hessian mercenaries fighting for Britain.

today, the Barracks regularly invites 20,000 school children to step back in time and learn about the conditions and importance of the colonists’ way of life, making the Barracks one of the most visited sites in New Jersey. See more at www.barracks.org.


tHEy DID It fIrStit is a state with its eyes set square on the future, but New Jersey’s past provides a number of major innovations and “firsts” in the nation.

you might know that the world’s first boardwalk was built in 1870 at Atlantic city and the first movie, phonograph and incandescent light were developed by thomas A. edison in New Jersey.

But edison was not alone in pioneering products in the state. the first solid body electric guitar was invented by les Paul of Mahwah in 1940.

According to the About NJ page on the state’s nj.gov website, New Jersey enjoys a whole range of firsts - from the first drive-in theater (built in camden in 1933) to the first submarine (built in 1878 in Passaic county) to the first first live radio broadcast of a World Series (on Wiz in Newark in 1921.)

http://www.panasonic.com

http://www.barracks.org

http://nj.gov


http://[email protected]

http://www.LakewoodNJ.gov


Business Climate

Highly Educated, Perfectly LocatedNew Jersey creates a winning formula for growth

t hough its nickname as the Garden State refers to its roots in agriculture

and food production, New Jersey blossoms with innovation, opportunity and promise.

The state’s recipe for growth blends a set of powerful ingredients, including a highly educated workforce, major transportation and logistics advantages, a diverse and innovative industry mix, and a government that is committed to making it easier for companies to do business in the state.

Those efforts are bearing fruit.The Garden State’s $487 billion

highly diverse economy is anchored by major concentrations in financial services, advanced manufacturing, and logistics and breakthrough industries, including biopharmaceuticals, life

the sun sets over the downtown Newark skyline. Many companies have regional headquarters in Newark.

Story by John McBrydePhotography by Jeff Adkins


http://www.mercercounty.org


sciences, information technology and renewable energy, where the state has earned a global reputation.

New Jersey is a highly desirable corporate address, home base for 21 companies on the 2012 Fortune 500 and major operations from a roster of globally known companies such as Bank of America, Verizon, L’Oreal USA and Stryker Orthopaedics.

tHE rIGHt connEctIonSThe state’s sophisticated and

fully integrated transportation infrastructure makes it a logistical leader and focal point for international commerce. More than 130 million consumers live within a day’s drive of New Jersey, and its port assets include the busiest maritime cargo center on the East Coast. A survey by Area Development magazine of site location consultants put the state third for highway and rail accessibility on the 2012 Top States for Doing Business rankings.

New Jersey’s logistics advantages and world-class shipping facilities have cemented the state’s reputation as an export leader. More than $38.1 billion in goods were shipped from the state in 2011, up more than 18.5 percent from the previous year.

The state is a major exporter of chemicals, petroleum products, computers and electronics, and transportation equipment, among others. According to the Organization for International Investment, New Jersey ranks

seventh among states in the number of jobs at U.S. subsidiaries of global companies – more than 223,000 jobs in total or nearly 7 percent of the state’s private-sector workforce.

PowErED by KnowLEDGEOne of the state’s key strengths

is in the skill and education of its workforce, owing in no small part to the high quality of its 63 public and private colleges and universities. New Jersey ranks fifth among states in educational attainment, with more than 34 percent of adults over age 25 holding a bachelor’s degree or higher. CNBC ranked the state No. 4 for quality of education on its 2012 America’s Top States for Business rankings.

New Jersey claims 184,000 workers in science-related professions and the highest concentration of scientists and engineers in the world. It ranks first among states in the employment of chemists, second for biochemists and third for microbiologists. The life sciences and biopharmaceutical sector alone employs more than 125,000 people in the state and numbers 17 of the world’s 20 largest biopharmaceutical companies including Merck, Johnson & Johnson and Bristol-Myers Squibb.

buSInESS-frIEnDLy cLImatEThe positive economic

momentum has not been by accident.

Under the leadership of Governor Chris Christie, the state has created a coordinated and highly focused effort to promote investment and jobs. Since the governor took office in 2010, New Jersey has added nearly 85,000 new private-sector jobs. In 2011, the state posted its best private sector job growth year in more than a decade, according to Rutgers University research.

The New Jersey Partnership for Action, led by Lt. Governor Kim Guadagno, consists of three highly focused organizational elements – the New Jersey Business Action Center, the New Jersey Economic Development Authority and Choose New Jersey – that attract new business investment and link companies to incentive programs.

Among its efforts to stimulate business expansion, the Christie Administration has awarded $1.7 billion in tax incentives for companies across a variety of industries to create and retain jobs in the state, and raised its research and development tax credit program from 50 percent to 100 percent.

It is that type of commitment that was recognized in 2012 by national site selection trade publication Business Facilities, which awarded its inaugural Achievement in Reorganization of Economic Development Award to the Partnership for Action in recognition of the scope of its

Medco health Solutions, Franklin lakes (33)Johnson & Johnson, New Brunswick (42)Prudential Financial, Newark (55)Merck, Whitehouse Station (57)honeywell international, Morris township (77)toys “R” us, Wayne (194)chubb, Warren (202)Public Service enterprise Group, Newark (24)Automatic data Processing, Roseland (269)NRG energy, Princeton (284)Bed Bath & Beyond, union (294)

hertz Global holdings, Park Ridge (309)Great Atlantic & Pacific tea, Montvale (317)Becton dickinson, Franklin lakes (333)campbell Soup, camden (334)quest diagnostics, Madison (341)cognizant technology Solutions, teaneck (398)Avis Budget Group, Parsippany (418)Sealed Air, elmwood Park (433)Avaya, Basking Ridge (442)celgene, Summit (492)

New Jersey FortuNe 500 CompaNies (overall raNkiNg)

http://www.NJBIA.org

http://www.NJM.com

economic development reorganization initiative.

“Business Facilities continues to be impressed with this reorganization’s focus on a steady improvement of the state’s business climate. We believe the Partnership for Action now has the plan and structure in place to move New Jersey into the top rank of national economic development leaders,” says Jack Rogers, Business Facilities editor-in-chief. “The change has been dramatic and effective.”

Business Facilities also noted the state’s strengths in such areas as biotechnology in its 2012 Best States rankings, placing it at the top in such categories as biotechnology strength and workforce health and safety.

“This ranking confirms that the Christie Administration’s pro-business policies, along with New Jersey’s highly educated workforce, are successfully working to restore the Garden State’s reputation as a prime location for companies to invest and grow,” Lt. Gov. Guadagno says. “Businesses around the state and the nation are taking note that the New Jersey Comeback is indeed underway.”

High PraiseNew Jersey orgaNizatioNs ackNowledged for top-Notch ecoNomic developmeNt efforts

Business Facilities magazine awarded the New Jersey Partnership for Action its Achievement in Reorganization of economic development Award in 2012. the awards program honors agencies and organizations that have established and executed the best practices in economic development. the Partnership for Action includes three entities – the New Jersey Business Action center, the New Jersey economic development

Authority and choose New Jersey – that focus on economic development services, linking companies to incentive programs and attracting international investment. the magazine cited Gov. chris christie’s comprehensive reorganizations of statewide economic development and the Partnership for Action’s “focus on a steady improvement of the state’s business climate.” the magazine also awarded the New Jersey

economic development Authority its Achievement in targeted incentives Award, citing the urban transit hub tax credit program as a growth driver for the state’s urban centers. Newark’s Brick city development corporation won the Achievement in downtown Revitalization Award. “Newark, NJ is undergoing a renaissance that is transforming its downtown into a model of 21st century urban development,” Business Facilities noted.


• highest concentration of professionals in science-related fields, according to BioNJ talent Resource handbook 2011

• No. 1 state for biotechnology strength, specialization leaders, Business Facilities magazine, July/August 2012

• No. 1 state for broadband telecommunications and No. 2 state for information technology jobs, kauffman Foundation & information technology and innovation

Foundation, 2010 State New economy index

• No. 1 state in workforce health and safety, Business Facilities magazine, July/August 2011

• No. 2 state for installed solar power capacity, Business Facilities magazine, July/August 2012

• No. 4 state for entrepreneurship, university of Nebraska-lincoln Bureau of Business Research, July 2011

• No. 4 state for education, cNBc’s 2012 Best States for Business

the New Jersey advaNtage

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the right formulaNew Jersey creates winning environment for life sciences and biopharma

Story by Melanie Hill

new Jersey is a life sciences powerhouse. A global destination for all things

medical, the Garden State boasts more than 3,100 pharmaceutical, medical technology and life science companies including 17 of the world’s 20 largest pharmaceutical leaders. The $24 billion industry is the state’s largest, with exports totaling more than $4.8 billion annually.

PowErfuL formuLaThe draw? Access, innovation

and jobs, according to Dean Paranicas, president and chief executive officer of the HealthCare Institute of New Jersey (HINJ). More than 125

years ago, Johnson & Johnson laid the foundation for an unparalleled life sciences cluster, quickly built on by George Merck, E.J. Squibb and other industry pioneers.

“Innovation is the lifeblood of New Jersey,” Paranicas says. “The state has a rich mix of large and small companies across biotech, pharmaceutical and research bases that produce the vibrant cluster we have today.”

taLEnt, SuPPort, nEtworKSNew Jersey’s more than 125,000

biopharmaceutical and life science professionals, who earn an average annual salary of $111,000 and fuel the world’s most sophisticated industry. Companies also are

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New Jersey: The World’s Premier Life Sciences Community …

120 Albany St. | Tower One, Ste. 505 | New Brunswick, NJ 08901Phone: 732-729-9619 | Fax: 732-729-9625 | www.hinj.org

• A Network of Global Industry Leadership

• A Talented Life Sciences Industry Workforce

• A Comprehensive and Specialized Supply Chain

• Collaboration with Leading Industry and Academic Researchers

www.njlifesciencevendoralliance.com | www.innovationnj.org

http://www.hinj.org

http://www.njlifesciencevendoralliance.com

http://www.innovationnj.org


drawn to the state’s specialized life sciences vendor network, which generates approximately $8.8 billion in supplier spending each year.

Another lure is the cultural diversity of the state and support of organizations such as BioNJ and HINJ, which provide industry support and advocacy statewide.

“We are the voice of research-based pharmaceutical and medical technology companies in New Jersey,” Paranicas says. “We represent companies, advocate and inform policy makers about the kind of environment New Jersey needs to f lourish.”

And flourishing it is. New and relocating companies have grown the state’s life science sector by 16 percent since 2004.

GrowInG In nEw JErSEySummit, N.J., serves as the U.S.

corporate headquarters for global biopharmaceutical company Celgene Corp., while Botox maker Allergan has recently opened a new $12 million research and development facility in Bridgewater.

In 2011, Bayer HealthCare announced consolidation of its East Coast operations at the former Alcatel-Lucent campus in Whippany, which will bring with it some 2,500 workers. The first moves are expected to begin in late 2013. Likewise, Novartis is consolidating four facilities into a new 310,000-square-foot complex in East Hanover.

Generics and brand anufacturer Watson Pharmaceuticals began relocation from the West Coast to Parsippany in 2011. In 2012 the company announced plans for a global research and development facility in North Brunswick.

Located in the New Jersey Economic Development Authority’s Technology Centre of New Jersey, the 32,000-square-foot facility represents an initial investment of approximately $4.5 million. It will focus on generic products that are difficult to develop and manufacture.

In April 2012, the company also announced acquisition of Swiss

from top: dean Paranicas, president and ceo of the healthcare institute of New Jersey; New Jersey is home to 17 of the world’s largest pharmaceutical leaders.

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generics manufacturer Actavis Group. The buyout will make Watson the third-largest generics producer in the world.

Spokesperson Charlie Mayr says state support has been instrumental in Watson’s relocation and expansion.

“We’ve been working with the New Jersey Partnership for Action for almost two years, and have been very pleased with the pro-business climate here,” Mayr says. “The state has been extraordinarily helpful in identifying partnerships

and helping to find sites that allow us to build today with expansion possibilities for the future. They recognize the needs of businesses and what New Jersey has to offer.”

At the Technology Centre, Watson is joined by such companies as Merial Ltd., a joint venture of Merck & Co. and Aventis S.A. that develops and manufactures innovative pharmaceuticals and vaccines used in animal health.

Paranicas says state support makes New Jersey a leading

contender for many companies looking to relocate. Changes to corporate business income tax structure in New Jersey mean companies aren’t penalized for growth, while significant progress has been made in streamlining regulatory structure. Work on a research and development tax credit also is underway.

“A lot of important work has been started, and we look forward to working with the governor and legislature to continue advancement,” Paranicas says.

New Jersey’s innovative technology Business tax certificate transfer Program supports growing tech and biotech companies. Gov. chris christie’s fiscal year 2012 budget increased funds by $30 million over the 2011 allocation. the program enables companies to sell New Jersey tax losses and/or R&d tax credits to raise cash

to finance their growth and operations. Since the program was established in 1999, more than 1,530 applicants have been approved for $630 million. the 75 applicants approved in 2011 were estimated to receive, on average, approximately $800,000, more than double the 2010 average.

Jump-startiNg FiNaNCiNg

above: Novartis Pharmaceuticals corp. in east hanover right: Watson Pharmaceuticals is headquartered in Parsippany.

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liFe sCieNCes by the Numbers

3,100Life sciences and biopharma establishments in new Jersey

126,000workers in the life sciences and biopharma cluster

$14btotal wages of sector in the state

$111,406average annual salary of employees in the sector

Source: NJ Department of Labor and Workforce Development

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http://www.BioNJ.org

http://mailto:[email protected]


Industrial Strengthlocation advantages, state programs fuel a resurgence in manufacturing

Story by John Fuller

with the help of aggressive retention programs and training assistance, New Jersey’s manufacturing sector is bulking up.

The Garden State was home to more than 20,000 manufacturers and 247,000 manufacturing jobs at the end of 2011. Manufacturing contributed more than $38 billion to the state’s $426.7 billion Gross Domestic Product in 2011. The state’s advanced manufacturing cluster, which includes chemical, pharmaceutical manufacturing, computers and electronics, machinery, and transportation equipment industries, employs more than 127,000 workers.

In addition to its well-known roster of pharmaceutical companies, the state is home to major operations of such manufacturers as Lockheed Martin, BASF, Honeywell and Unilever.

And with well-known names like Campbell Soup, Pinnacle Foods, Kraft, Mars and Ferraro Foods, New Jersey is also a major food production and processing center.

LocatIon, SKILLS aDvantaGESeveral competitive advantages make manufacturing

attractive in New Jersey. The state’s location on the Eastern Seaboard provides access to more than 100 million consumers within a 24-hour drive, and its world-class distribution network of highways, seaports and airports moves goods to markets around the continent and the world.

In 2011, exports from New Jersey totaled $38.1 billion, up more than 18 percent from 2010, ranging from chemicals to aircraft parts to pharmaceutical products.

247,000total manufacturing employment

at the end of 2011

$38.1btotal new Jersey export values in 2011 (18% increase from 2010)

20,000manufacturing operations

in new Jersey


Employees manufacture hats for the U.S. Coast Guard at Unionwear’s Newark facility.

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A key advantage for New Jersey is its highly skilled workforce, says Robert Loderstedt, president and CEO of the New Jersey Manufacturing Extension Program (NJMEP), a not-for-profit organization that helps small and medium-size manufacturers become more efficient and profitable.

“The level of education among our manufacturing workforce is a great advantage,” Loderstedt says. “We are making great strides in showing young people that there are real careers with good-paying jobs in manufacturing in New Jersey.”

crEatInG SuccESS StorIESThrough a number of incentive packages, New

Jersey has also been able to attract new companies and assist existing businesses with expansions. Recent successes include:

Puratos Corp., which makes ingredients for

bakeries, patisseries and chocolate makers, is building a $42 million manufacturing facility in Pennsauken. The new 171,000-square-foot, energy-efficient facility will employ about 190 workers and permit the company to better serve its customers across the country. A joint state, county and township effort was largely responsible for keeping Puratos in New Jersey, according to company officials.

Church & Dwight, a maker of household products, including the iconic Arm & Hammer baking soda, has chosen a site in Ewing Township for a new headquarters. The state assisted with a $13.5 million business retention grant that helped keep the company in New Jersey. With the incentive, the company will invest more than $27 million in its expanded operations and add 130 new employees.

PNY Technologies, a worldwide maker of memory upgrade modules and flash memory cards,

above: PNy technologies’ headquarters in Parsippany top right: kraft Foods New Jersey operations include locations in Fair lawn, Parsippany and other cities. bottom right: lockheed Martin is one New Jersey’s largest manufacturing employers.

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relocated its headquarters to a 550,000-square-foot facility in Parsippany and added 100 jobs to its 325-person workforce.

Revolution Foods, which delivers healthy meals and nutrition education to schools across the country, wanted to expand into the Northeast and was considering New Jersey and two other states to establish its regional operations. Working with the state and officials in Elizabeth, Revolution selected a 25,000-square-foot facility with all the amenities it sought.

Lisa K. Miller, regional vice president for Revolution Foods, says the move was a positive experience for the company, which serves nearly 9,000 meals to 16 schools in New Jersey and four in New York.

“This is an ideal location, close to the highways, so we can reach the schools we serve,” Miller says.

Miller noted the cooperation from state and

the city agencies and the assistance it received from nearby Union County College in helping to identify qualified workers through its Retail Skills Center. The company plans to expand to serve schools in Philadelphia and Albany, N.Y., in the near future. It employs 39 workers, and expects to have 85 to 90 employees in 2013.

booStInG ProfItSThe state’s manufacturers can take advantage

of other programs to help them become more efficient and profitable.

The New Jersey Manufacturing Extension Program works with manufacturing companies on cost-saving strategies and growth initiatives, such as LEAN manufacturing and other business processes.

“Small manufacturers are really the backbone

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of the manufacturing supply chain,” Loderstedt says.

In New Jersey, 83 percent of manufacturers employ 50 or fewer workers, making services such as the NJMEP a vital component in their success.

Unionwear in Newark took advantage of an NJMEP evaluation of its operations, which led to the company’s participation

in a LEAN manufacturing program that helped increase revenue by $750,000, cut $1.2 million in costs and created 25 jobs.

The company makes union-label apparel including hats, shirts and other embroidered apparel and accessories promoted to unions, political campaigns, government agencies and socially responsible organizations.

Working with the NJMEP helped Unionwear be more efficient and reduce its manufacturing interval time.

“NJMEP has been excellent to work with,” says Mitch Cahn, president of Unionwear. “This training program has significantly transformed our business into a more profitable and competitive business.”

Food processing and production is a major manufacturing sector in New Jersey. Assisting the industry is the Rutgers Food innovation center, based in Bridgeton. the center features a unique business incubation and economic development accelerator program that provides business and technology expertise to startup and established food companies in the mid-Atlantic region. the center, which combines its resources with Rutgers university and other strategic partners throughout

the nation, provides assistance in such areas as business development, market research, product and process development, and workforce development. Recognized internationally for its work, the center’s clients include farmers and cooperatives working to create new businesses, startup food companies, existing small and mid-size food companies seeking to access new technologies, and retail and food service establishments seeking to improve their operations and purchase locally grown New Jersey products.

rutgers Food iNNovatioN CeNter

Mitch cahn is president of unionwear, a Newark-based apparel manufacturer.

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njcern.rutgers.edu

New Jersey: A Leader in Clean Energy Innovation and Business OpportunitiesThe New Jersey Clean Energy Resource Network (NJCERN) Database is an easy-to-navigate Web-based guide that provides users more than 300 links to state, federal and private resources including clean energy/energy efficiency incentives, financing opportunities, incubator programs and business development assistance, regulations, training, and permitting information. It’s a “one-stop-shop” for your clean energy business needs.

The New Jersey Clean Energy Resource Network is an initiative of the Rutgers EcoComplex and the New Jersey Meadowlands Commission, in collaboration with New Jersey’s network of business incubators, state agencies and other organizations.

Funded by the New Jersey Board of Public Utilities and the Rutgers New Jersey Agricultural Experiment Station.

New Jersey Clean Energy Resource Network


Fidelity Investments picked Jersey City for a major expansion of its operations.


money definitely grows in the Garden State. New Jersey’s proximity

to the financial markets of New York City, highly competitive corporate real estate rates and a deep pool of financial services and information technology talent have made the state attractive for both headquarters and support operations for the financial services industry.

LEaDErS In fInancIaL SErvIcESGlobally known industry

leaders in the banking and financial services sector, including Prudential Financial, Dun & Bradstreet and Chubb Group of Insurance Cos., are among more than 12,300 financial services operations in New Jersey. Additionally, a variety of financial services powerhouses such as Merrill Lynch, Goldman Sachs and Bank of America have a major presence in the state, many of them in the financial services hub of Jersey City, known as “Wall Street West.”

Supporting the financial services sector is an extensive and highly advanced high-speed fiber-optic network that is helping to draw back-office operations and data centers that serve the industry.

‘ExcEPtIonaL taLEnt’Another of the state’s most

valuable resources is its people. New Jersey offers a deep talent pool from which companies eagerly draw. More than 257,000 people are employed in financial activities in the state, making up 6.6 percent of New Jersey’s total workforce in 2011.

Chubb Group opened a New Jersey branch in Short Hills in 1968, and moved its world headquarters to Warren, N.J., in 1982. The company is the 11th-largest property and casualty insurance provider in the country, with a reported $50.9 billion in assets and $13.6 billion in annual revenues.

“Exceptional talent is key to Chubb,” says Bev Luehs, senior

wealth of talenta sophisticated workforce helps financial services bloom in garden state

Story by Stephanie Vozza • Photography by Jeff Adkins

oN the moNey: NJ’s FiNaNCial serviCes depth

12,300financial services operations in the state

257,000finance-related employment in new Jersey in 2011

$97,000average annual financial services industry wage in new Jersey (2009)

15Percentage of financial services workers in the state in Jersey city, often called wall Street west

Source: NJ Department of Labor and Workforce Development


located in downtown Jersey city, exchange Place is often referred to as “Wall Street West.” the neighborhood earned the nickname in the early 2000s, thanks to the many financial services companies that set up shop in the area.

this major business district is home to Goldman Sachs and Merrill lynch, as well as the harborside Financial center, which includes Fidelity investments, Morgan Stanley and e*trade Financial corp.

wall street west


vice president and global administrative services manager. “We hire well-educated people with financial savvy and a broad array of skills. New Jersey is in close proximity to some of our nation’s top schools, and we have been able to recruit some of the best people here. Bringing in the best people means we can provide the best service to customers, solid returns to shareholders and a terrific place to work to employees.”

Luehs says New Jersey has much to offer from a recruitment perspective.

“There is a lot here to whet the appetite,” she says. “Many of our employees live here, making for an easy commute. It’s a nice place to live, work and raise a family.”

QuaLIty of LIfE mattErSThe livability factor drew

Fidelity Investments. The company, which came to the region in the early 1980s and expanded in Jersey City in 2002, opened a 185,000-square-foot regional facility in Jersey City’s Newport Centre development in June 2012. The $30 million project will house 600 Fidelity workers.

Maggie Serravalli, Fidelity executive vice president, says a number of factors prompted the opening of the location.

“[We look at] how the firm’s real estate portfolio can support our business strategy in order to best serve clients while providing a positive working environment for our associates,” she says.

“In addition to being a financial services hub with access to world-class talent, the Newport Centre site provides access to amenities such as public transportation, shopping, dining and hotels, as

well as access to health, wellness and recreational facilities. The local business climate and Jersey City’s focus on economic revitalization also made it an attractive choice, and we’re appreciative of the support we’ve received from state and local officials.”

LocaL InvEStmEnt, bEnEfItSIn addition to providing

services to consumer and corporate customers, members of the financial industry invest in the community.

“Our employees are involved in a variety of causes here,” Luehs says. “Through business units and employee resource groups, they organize and help out at local events. And several of our senior executives sit on the boards of charitable organizations, such as Freedom House and Junior Achievement of New Jersey.”

In addition to being where the money is, New Jersey offers a prime location. In proximity to New York City’s financial markets, the state’s highly competitive corporate real estate rates and easy access to transportation infrastructure make it a lower-cost alternative for both headquarters and back-office operations.

“Being located between New York and Philadelphia is a perk,” says John McWeeney, president of the New Jersey Bankers Association. “The transportation system is great, and there are major airports and shipping ports. New Jersey is a hub of commercial and industrial activity, and that draws banks [and financial institutions] that can provide services.”

clockwise from top left: the katyń Memorial at Jersey city’s exchange Place; Jersey city has become a hub for financial services operations; New Jersey’s thriving business climate and quality of life make it an appealing location for financial services companies.


Green means Growgarden state cultivates clean-energy economy

Story by Kathryn RoysterPhotography by Jeff Adkins

new Jersey has a growing and diverse green-collar economy that employs more than 200,000 workers in areas

ranging from renewable energy production to green building construction to green design to environmental remediation.

The state has established itself as a national leader, thanks in part to an economic climate that supports clean-energy companies at every of the energy pipeline.

from IncubatIon ...New Jersey’s support for clean energy starts with

initiatives like the New Jersey Clean Energy Resource Network (NJ CERN), led by the Rutgers EcoComplex, and the New Jersey Meadowlands Commission Business Accelerator.

NJ CERN offers the Clean Energy Innovation Work Group, whose panel of experts evaluates the performance and market viability of new clean-energy technologies.

“It gives startup companies a way to show that their technology has been verified, so they’ll have a


Fluitec International helps clean- energy companies be more efficient.


http://www.njng.com


higher likelihood of getting funding,” says Margaret Brennan-Tonetta, Rutgers’ associate vice president for economic development.

Entrepreneurs may find such funding through NJ CERN’s online database, a comprehensive listing of the state’s clean-energy startup resources (a grant from the New Jersey Board of Public Utilities funds regular updates.)

... to ProDuctIon ...At the production stage, New Jersey boasts

innovative clean-energy firms such as Princeton Power Systems (PPS), which manufactures inverters and installs them in comprehensive, PPS-designed solar or diesel power systems.

Current PPS systems are used primarily in commercial applications such as public utilities and small industry. The company is ready to branch into

the residential market, however, with a new solar array that includes battery storage and an electric-vehicle charging station.

Darren Hammell, the company’s executive vice president and chief operating officer, sees New Jersey as the ideal location for PPS for several reasons.

“There are a lot of smart professionals here, and there’s a good market for our residential product,” he says. “Combine that with strong government support for solar energy, and there’s a lot to keep us here.”

Fluitec International also has many reasons to do business in New Jersey. With customers in 40 countries, the company chose Jersey City for the area’s multilingual workforce and its easy access to international travel.

The Garden State has been an innovator in renewables including wind power. Jersey-Atlantic Wind Farm, which began operating in 2005 in

A Princeton Power Systems employee tests a new containerized energy Storage System (eSS) at the company’s headquarters in lawrenceville. the Army is utilizing the 20-foot eSS to provide backup power and energy resources at Fort Bliss in texas.


Atlantic City, was the first coastal wind farm in the United States. The federal government has included a 550-mile area off the New Jersey coast as one of four areas available for lease to wind energy developers by the end of 2012.

Fluitec specializes in helping clean-energy facilities operate more efficiently and reduce waste. To that end, the company provides consulting services and data analysis as well as testing and filtration for industrial f luids.

Additionally, Fluitec is growing by approximately 70 percent annually, thanks in part to a grant from the state’s Clean Energy Manufacturing Fund (CEMF).

“With the state making such a sizable investment in clean energy, it means there’s a very bright future here for companies like ours,” says Frank Magnotti, Fluitec’s president and CEO.

... to EnD-uSEAnother CEMF grant recipient is Noveda

Technologies, which makes full-building monitoring systems that provide real-time, 24-hour energy and water data.

The Noveda system is installed at more than 150 commercial locations, where it’s used primarily to increase operating efficiency and help cut energy costs. The system also has educational applications: Students at Baylor University in Texas are using it to study energy and water usage in campus dorms.

All this would not be possible, says Noveda president and CEO Govi Rao, without New Jersey’s unique green-collar climate.

“It’s thanks to what I like to call the New Jersey business ecosystem,” he says. “You can access markets, access talent and access capital to build a viable and successful business in clean tech. That’s the magic of New Jersey.”

clockwise from top left: demand Response inverter at Princeton Power Systems in lawrenceville; An employee demonstrates how to use a fluid monitor test kit at Fluitec international in Jersey city; the Rutgers ecocomplex in Bordentown assists innovative clean-energy and environmental companies.

what’s online

Learn more about new Jersey’s clean-energy industry and

the companies it comprises at

businessclimate.com/new-jersey.




http://www.panynj.gov


transportation and logistics systems give New Jersey a global reach

w hen Wakefern Food Corp. searched for a site for a new food distribution

warehouse, company officials looked no farther than Newark, where the retail and wholesale grocery cooperative is building a $65 million food warehouse in a redevelopment project on the site of the Newark Farmers Market.

The 180,000-square-foot, temperature-controlled distribution facility will serve ShopRite and PriceRite stores

in the Northeast. The new distribution center is managed by Forem Facility Management for Wakefern Food Corp.

“The facility is going to be a refrigerated warehouse, incorporating many green capabilities, including solar panels on the roof and machinery operated by hydrogen fuel cells,” says David Forem, project coordinator for Newark Farmers Market. “In the first year alone, we are going to create 140 jobs

and the next years to come we are going to create an additional 250-plus jobs.”

GLobaL connEctIonSWakefern’s new distribution

facility will be one of thousands already in New Jersey that take advantage of a logistics infrastructure that literally connects the state to the world.

The state is home to 585 million square feet of warehouse space connected to 38,000 miles of

access to the world

Story by Gary Wollenhaupt • Photography by Jeff Adkins

Transportation & Logistics

Newark liberty international Airport was the 22nd-busiest airport in the world in 2011.


New Jersey traNsportatioN FaCts

38,000Interstate and highway miles

812,000tons of cargo handled at newark Liberty International airport in 2011

3rank of Port of new york/new Jersey for container volume among north american ports in 2011.


interstates and highways, over which more than 500,000 trucks move each day. These routes connect to three major port facilities that rank at the top in moving motor vehicle and containerized shipments. Goods moving by sea can travel on Class I rail connections and trucks via a network of major interstates.

Several large corporations have major distribution operations in the state including hhgregg, Toys “R” Us, Home Depot and Coca Cola Enterprises.

The Port Authority of New York and New Jersey is spending $10 billion on infrastructure improvements that will benefit cargo movement in the region.

“For businesses looking for transportation for cargo and passengers and access to extraordinarily educated people, the Port Authority is the leading transportation and economic engine of the region,” says Bill Baroni, deputy executive director.

Bulk and break bulk cargo moves through the ports operated by the South Jersey Port Corp. in Camden including wood, steel and a recent record-setting shipment of cocoa beans. The port uses rail and highway connections to move goods throughout the country, and is investing in new and upgraded infrastructure. The new Paulsboro Marine Terminal is scheduled to open in 2013.

“We try to give private industry and ourselves in the public sector a platform to create jobs and business opportunities that are related to international trade and waterborne commerce,” says Kevin Castagnola, executive director and CEO.

on tHE movEThe state also boasts major

airport facilities, including Newark Liberty International, the 14th-busiest in the U.S. and 22nd-busiest airport in the world in 2011. Newark Liberty offers a full range of domestic and

South Jersey Port corp. facilities handle a variety of bulk and break bulk cargo.


clockwise from above: Pipes are stacked after being offloaded from a ship at the South Jersey Port corp. facilities in camden; Workers unload materials from ships at South Jersey Port corp. facilities in camden; An assortment of steel coils are stacked in a transit shed after being unloaded at the South Jersey Port corp.


international flights, and Federal Express operates a freight terminal at the airport.

Atlantic City International Airport, operated by the South Jersey Transportation Authority, handled more than 1.4 million passengers in 2011. The airport offers direct service to Atlanta, Boston, Chicago, Detroit, Myrtle Beach and several South Florida cities.

More than 40 percent of the U.S. population and $2 trillion in consumer purchasing power lies within one day’s drive of the Garden State.

With a full range of transportation assets and connections to the world market, it’s no surprise that Area Development magazine named New Jersey among the top 10 in the nation for port facilities and logistics locations.

portsFacilities include the Port Authority of New york/New Jersey, the third-busiest port in North America

airNewark liberty international and Atlantic city international handle millions of passengers each year

maJor railroads1,000 miles of rail freight lines with cSx transportation, Norfolk Southern, canadian Pacific

warehousiNg & distributioN585 million square feet of warehouse and distribution space across the state

loCatioN40% of the u.S. population is within an eight-hour drive

maJor iNterstate highwaysi-76, i-78, i-80, i-95

logistiCs assets


http://www.SouthJerseyPort.com



educated workforce, broadband network give New Jersey it strength

I t should be no surprise, in a state that launched the career of Thomas Edison, to find a

deep and thriving information and telecommunications industry in New Jersey.

From the legacy established by the legendary Wizard of Menlo Park, New Jersey boasts one of the nation’s highest concentrations of tech workers and more than 31,000 information and communications technology companies, including more than 1,000 firms that offer data processing, hosting and other gateway services.

boon to EmPLoymEntTotal technology employment

in the state totaled more than 313,000 workers in 2010 including 63 percent with a bachelor’s degree or higher.

New Jersey employers’ technology-related disciplines paid more than $31 billion in wages in 2010 – about 18 percent of the wages paid in all industries.

Such focus on information and communications technology is transformational throughout the state.

At 48.6 percent of households, New Jersey leads all states in the level of broadband penetration. Broadband access is viewed widely as a bellwether economic asset for growth in commerce and business.

The telecommunications industry has been a significant part of the state’s economy for decades and private-sector investment in broadband has been one of its drivers of economic growth and innovation.

InfraStructurE InvEStmEntSWithin the industry, Verizon

New Jersey – with about 15,000 workers, one of the state’s largest employers – is part of ongoing, major investments in the communications infrastructure.

The company has invested approximately $4 billion in its telecommunications wireline infrastructure alone over the last five years in addition to key spending in wireless access and fiber optics for broadband and video access.

Supporting the state’s innovation posture are educational assets such

as Rutgers University’s School of Communication and Information (SC&I) and the New Jersey Institute of Technology (NJIT).

The SC&I includes some 60 full-time and 100 part-time faculty and 1,800 undergraduate and more than 650 graduate and doctoral students.

At the LAIR Laboratory at Rutgers, researchers work on advances related to digitally storing, organizing and retrieving information.

The NJIT, too, is a noted national research center that has produced more than 130 patents.

LonG HIStory of InnovatIonDonald H. Sebastian, Ph.D.,

NJIT senior vice president for research and economic development, calls the New Jersey technology sector a “pillar” of the state’s economy.

“New Jersey is synonymous with telecommunications as the home to iconic firms like AT&T and RCA that created landline, cellular, optical and broadcast

Linked In

Story by M.V. Greene • Photography by Jeff Adkins

Technology

left: dr. ke Su tests a continuous-wave photomixing system for high-speed terahertz data transmission in the terahertz Spectroscopy and imaging laboratory at the New Jersey institute of technology in Newark.


communications technologies as well as important software systems that are now synonymous with all aspects of telecom,” Sebastian says.

Sebastian notes that more than a decade ago, NJIT created a College of Computing Sciences, recognizing that computing had evolved to a point where it needed a unique pedagogy at the institution. NJIT seeks to expose its students to opportunities to extend their education into the field including a co-op and intern program that places more than 300 students a year as employees of incubator companies.

“We see clear growth in the need for a new breed of IT professional who is able to understand problems of business and personal life and render useful remedies through IT,” Sebastian says.

loCatioN: Newark

presideNt: Joel Bloom

aCademiC degree programs: 47 bachelor’s, 59 master’s, 19 doctoral

Colleges aNd sChools: Six (engineering, architecture, science and liberal arts, business and management, honors, and computing sciences)

FaCulty: 490 full-time and adjunct faculty; 89 percent hold doctoral degrees, and 98 percent have the highest degree attainable in their field

studeNt-to-FaCulty ratio: 15 to 1 student body: undergraduate enrollment, 6,604; graduate enrollment, 2,954

Costs: undergraduate, $11,756 (full-time, N.J. resident), $23,116 (full-time, non-resident); graduate, $15,052 (full-time, N.J. resident), $21,388 (full-time, non-resident)

FiNaNCial aid: $15 million in NJit grants and scholarships awarded in 2009-2010

teChNology resourCes: Multi-gigabit campus network connects more than 6,500 nodes in classrooms, laboratories, residence halls, faculty and staff offices, the library, student organization offices and others

eNdowmeNt: $67.5 million

Source: New Jersey Institute of Technology

New Jersey iNstitute oF teChNology

verizon New Jersey’s iconic headquarters, right, in downtown Newark. the company is one of New Jersey’s largest employers.


Stay HeretechlauNch program puts startups with iNvestors, meNtors, busiNess executives

technologist and venture capitalist Mario casabona has a message for aspiring entrepreneurs and graduating business and technology majors: Stay in New Jersey.

casabona is the founder and ceo of techlaunch llc, the state’s first technology accelerator, formed in February 2012 with the New Jersey economic development Authority.

SEED-StaGE funDInGtechlaunch aims to help would-be

technologists and entrepreneurs launch businesses, providing seed-stage technology funding, mentoring, business services and exposure to qualified investment capital, including “angel” investors, who take companies under their wings.

An electrical engineer with expertise in satellite-based navigation and communications, casabona has been an entrepreneur

himself. he holds 12 national and international patents and operates his own venture capital and management firm, casabona ventures, in kinnelon.

KEEPInG aSPIrantS In n.J.casabona says he expects

techlaunch will create a positive atmosphere for innovation.

“the real value of creating the technology accelerator in New Jersey is to keep them in New Jersey,” he says. “Why go to New york, why go to Philadelphia, why go to the West coast if we can build something close, very similar and very competitive, with better value in New Jersey?”

techlaunch includes expertise from nearly 50 mentors, many of them also investors and entrepreneurs. A key focus of the program is an event called “demo

day,” where startups participating in a 12-week business “launchPad” boot camp can present their companies at a conference to win support.

InnovatIon StatEcasabona says New Jersey

is well positioned to leverage techlaunch. he calls New Jersey an “innovation state” because of its concentration of tech- related industries.

“We have it all in New Jersey,” casabona says. “one of the objectives of techlaunch is to provide a specific community and attract all of these it, web technology, social media types who are aspiring entrepreneurs and give them an opportunity to commercialize their ideas and create jobs.”

– M.V. Greene

http://www.njchamber.com



http://www.tesc.edu


strong state programs provide workforce advantage

n ew Jersey’s deep reservoir of worker talent puts it at the head of the class for a work-ready labor

pool and underscores its economic development mantra of “highly educated, perfectly located.”

The Garden State has nearly 60 universities, colleges and technical schools. And with 1.7 million college graduates, New Jersey ranks in the top 10 in workforce education and in the top five for quality of education.

The state’s higher education institutions include world-renowned centers of academics and research, Princeton and Rutgers, the latter the state’s largest public university.

New Jersey also typically ranks in the top three for highest dollar investment

per student in the United States. In fact, CNBC ranked the state No. 2 in education on its Top States for Business list in 2011.

cuStomIzED traInInGState grants, incentives and workforce

training programs are readily available for new and expanding businesses. The state awarded more than $18 million in customized grants from July 2011 through June 2012 to 500 companies for employee training, says Hal Wirths, New Jersey Department of Labor and Workforce Development commissioner. Training was given to 50,000 employees including 10,000 new hires.

“All that customized training gave workforces the skills to keep them employed, make them marketable and

Getting the Job DoneStory by Kevin Litwin • Photography by Jeff Adkins

Education & Workforce Development

learN, workNew Jersey offers a number of incentive and training programs including training grants, on-the-job training programs and apprenticeship programs. For details on the state’s workforce services, go to lwd.dol.state.nj.us/labor.

the Newark campus of Rutgers, the State university of New Jersey. Rutgers’ campuses in New Brunswick, Newark and camden have total enrollment of 58,000 students from all 50 states and 125 foreign countries. the university is home to 180 research centers.

http://lwd.dol.state.nj.us/labor


help their employers maintain a competitive edge,” Wirths says.

JobS4JErSEy.comAlso assisting the overall workforce

effort is a new Jobs4Jersey.com website, established by the state to provide job seekers and employers with a single concentrated search engine.

“A total of 100,000 people f loated their resumes through the site during the summer of 2012, and employers posted a weekly average of 121,000 jobs available in New Jersey,” Wirths says. “That number increases to about 284,000 total jobs when you include available employment opportunities within a 50-mile radius of the state.”

Wirths says by clicking OnRamp within the Jobs4Jersey.com site, job seekers can upload and create detailed resumes that will be posted for potential employers. OnRamp uses artificial intelligence to match job seekers with employers based on skills, not just job titles. Job seekers are alerted to opportunities via email, and can update their resumes or create several different resumes that highlight various skills for different jobs. OnRamp is being opened up to the state’s employers as well,

allowing them to use the same dynamic search capabilities to upload their talent needs and find workers. New Jersey has been garnering national attention for the site; the Jobs4Jersey.com service is free.

taLEnt nEtworKSThe state also implemented a Talent

Networks program that identified six key industry sectors that account for more than 50 percent of all jobs in New Jersey and pay 67 percent of all wages. The six industries are advanced manufacturing, financial services, health care, life sciences, technology and entrepreneurship, and transportation, logistics and distribution.

“The best way to develop our workforce, and to simultaneously boost our state economy, is to train people for the jobs in those particularly successful industry sectors,” Wirths says. “Talent Networks bring together partners from the business community, workforce development and education, and establishes networking groups. Those groups provide meaningful input to education professionals and training providers on the very courses that will specifically train individuals for these six growing fields.”

New Jersey eduCatioNal attaiNmeNt

82.1Percentage of New Jersey

residents with at least a high school diploma (80.4%

U.S. average)

29.8Percentage of residents with a bachelor’s degree

(24.4% U.S. average)

11.0Percentage of residents

with advanced degrees (8.9% U.S. average)

Students sit in front of old queen’s, the original building at queen’s college, which is now known as Rutgers university.


Bloomfield college caldwell college centenary collegecollege of Saint elizabeth drew university Fairleigh dickinson university-

college at Florham Fairleigh dickinson university-

Metropolitan campus Felician college Georgian court university

kean university Monmouth university Montclair State universityNew Jersey city universityNew Jersey institute of technology Princeton university Ramapo college of New Jersey Rider university Rowan university Rutgers, the State university

of New Jersey

Saint Peter’s college Seton hall university Stevens university of technology the college of New Jersey the Richard Stockton college

of New Jerseythomas edison State college university of Medicine & dentistry

of New Jersey William Paterson university

of New Jersey

publiC aNd private Four-year Colleges aNd uNiversities iN New Jersey:

New Jersey’s roster of colleges and universities keep the state stocked with a skilled and knowledgeable workforce.


On the beach in the fabled seaside resort of Cape May, which celebrated its 155th birthday in 2012


New Jersey’s diversity creates rich cultural, arts, outdoor experience

t he Garden State is in full blossom with possibilities, from its cosmopolitan urban centers to historic towns to revitalized

oceanfront communities.“We believe quality of life is a major asset to

living and working in New Jersey,” says Tracye McDaniel, president and CEO of Choose New Jersey, an organization that promotes growth and investment in the state. “Living in New Jersey provides endless opportunities to take advantage of our strong and diverse cultural centers.”

With a population of more than 8.8 million, New Jersey offers bustling cities and major municipalities, five with populations of more than 100,000, and primary access to the vast New York and Philadelphia metropolitan areas.

It is a state of bright lights and big stars appearing at the resorts and casinos of Atlantic City, but also a state of open spaces and spectacular natural attractions, from its famous beaches to the forests and lakes in the 1.1 million acres that are the Pinelands National Reserve to canoe and kayaking meccas such as the Delaware River and Round Valley Recreation Area in northwestern New Jersey.

amazInG SPacESAmong the more enduring and endearing images

of New Jersey are its beaches, comprising 130 miles of coastline in total and 11 historic lighthouses open

High in contrast

Story by Kevin LitwinPhotography by Jeff Adkins

Livability


to the public. Some of the most famous names of the oceanfront are in New Jersey, places like Ocean Grove, Point Pleasant and Seaside Heights romanticized in countless movies and songs, and revitalized and preserved with planning and care.

At the northern point of the Jersey Shore, the Sandy Hook Unit of Gateway National Recreation Area draws more than 2 million visitors a year to its historic sites, natural areas and ocean and bay beaches. The seven-mile run of oceanfront and bays is one of the state’s many prime bird-watching spots, with more than 300 species of migratory birds.

The 70,000-acre Delaware Water Gap National Recreation Area has 100 miles of scenic hiking trails, including more than 27 miles of the Appalachian Trail, and activities that include kayaking, swimming, fishing and nature watching.

The Boardwalk experience along the beaches of Wildwood includes a two-mile stretch of amusements, waterparks, arcades, games, shops

and restaurants, as well as the largest Ferris wheel on the East Coast. More than 180 free festivals and events are staged in Wildwood each year.

Asbury Park, the storied beach community that launched the career of Bruce Springsteen, has undergone a major transformation from the boardwalk to the center city that includes adding thousands of square feet of new retail and entertainment attractions to make the community a year-round destination.

Cape May, billed as the oldest resort community in the country, celebrated its 155th birthday in 2012. The entire city of Cape May is a National Historic District, its neighborhoods lined with restored Federal-style townhouses and 600 preserved Victorian buildings. Besides its beaches, Cape May includes the dozens of unique shops and restaurants on the Washington Mall and Cape May State Park, home to Cape May lighthouse, which was built in 1858.

the historic Paramount theatre, located in Asbury Park, has undergone an extensive renovation and can accommodate approximately 1,600 patrons. the theater hosts numerous musical and entertainment acts annually including the Asbury Park comedy Festival.


In tHE SwInGBeyond its beaches, New Jersey offers some of

the nation’s best golfing opportunities. Pine Valley Golf Club was named the No. 2 course in the nation by Golf Digest magazine. The storied Baltusrol Golf Club courses in Springfield have hosted seven U.S. Open championships.

The Atlantic City Country Club is frequently named on lists of the top courses in the nation open to the public.

aDmIrabLE artNew Jersey showcases world-class art galleries,

museums and performance centers. More than 700 different organizations in the state give full measure to every facet of the arts, from dance to music to cultural heritage.

In Newark, the New Jersey Performing Arts Center is a hotbed of performers, symphonies, dance troupes and theater acts of national and international

stature, and is home to the New Jersey State Opera and New Jersey Symphony Orchestra, led by renowned conductor Jacques Lacombe.

A centerpiece of Newark’s cultural nexus is the Newark Museum, the largest museum in the state. Its 80 galleries include permanent collections of African, American, Asian and classical works.

New Jersey’s universities offer more than high-quality education – they’re also major centers of art and culture.

At Rutgers, The State University of New Jersey, the Zimmerli Art Museum’s collection numbers 60,000 works and is the third-largest university art collection in the world. Princeton University maintains an art museum and a performance hall that hosts 200 events a year including the renowned Westminster Choir.

worLD of DIScovEryNew Jersey’s legacy as a center of innovation – it

is the state where Thomas Edison launched his most

clockwise from left: historic homes line the streets of cape May; the Newark Museum is home to 80 galleries and includes permanent collections of African, American, Asian and classical works; A visitor looks at paintings by Joseph Stella at the Newark Museum.


http://www.ProvidentNJ.com


http://www.bcbridges.org


Garden of DelightsJust a sampliNg of all that New Jersey offers to see aNd experieNce

tHE borGataBorgata hotel casino & Spa in

Atlantic city is a 2,000-room casino-hotel located at Renaissance Pointe. All rooms feature egyptian cotton sheets, bathrooms with marble walls and floors, oversize glass-enclosed showers, high-speed internet access and three phones. the casino has 3,400 slot machines and 250 table games, and Borgata has 12 restaurants. there are also 11 retail boutiques, and a spa complete with a salon, fitness center and barbershop.

DELawarE rIvEr tubInGdelaware River tubing is a

rafting, canoeing, kayaking and tubing service in Frenchtown, in the central portion of New Jersey. the company’s fleet of 100 rafts and 2,000 tubes includes small, medium, large, single tubes, double tubes, triple tubes, and new backrest lazy-boy tubes. All tubing outings include a free barbecue meal. the company is now in its eighth season.

mInEraLS rESort anD SPathis upscale getaway in vernon, in

northern New Jersey, targets outdoor adventurers and families. there are 175 overnight accommodations at Minerals Resort and Spa, which include deluxe and luxury guest rooms as well as presidential suites. Guests enjoy mountain views and a golf course, and each room has a fireplace. Also on site are fully furnished one-, two-, three- and four-bedroom condominiums.

wooLvErton InnWoolverton inn is a tranquil

bed-and-breakfast in Stockton, in the central part of the state. the inn, located on 10 park-like acres surrounded by 300 acres of preserved farmland and forest, offers privacy and luxury. the Woolverton is perched high above the scenic delaware River, and is close to the fine restaurants, shops and attractions of lambertville, N.J. each day, the Woolverton’s chef prepares an extravagant three-course country breakfast.

GarDEn StatE DIScovEry muSEum

this attraction in cherry hill, in southern New Jersey, features hands-on exhibits, educational workshops and performances. Garden State discovery Museum, founded in 1994, welcomes 150,000 visitors annually. Attractions include a vet & Pet animal health-care pretend clinic, a rock-climbing wall, two-story playhouse, Silver dinner pretend playhouse, Farm Stand with fake fruit and vegetables, and Backstage theater with a dressing room, costumes and 100 seats.

SIx fLaGS GrEat aDvEnturE anD wILD SafarI

this popular entertainment destination is in Jackson, 30 minutes east of trenton, and is the largest Six Flags amusement park in the world. it features more than 200 rides, as well as concerts, performances and parades, an individual water park and a drive-through wild animal safari. Six Flags encompasses 2,200 acres.

– Kevin Litwin


important discoveries – is carried on through its network of science and nature-oriented attractions such as the Liberty Science Center in Jersey City and the Adventure Aquarium in Camden.

The Liberty Science Center, located in the 1,200-acre Liberty National Park, features an array of interactive exhibits such as a pitch-black maze that requires a high sense of touch to navigate, and a cityscape of towers that lets visitors discover what it takes to design and build the world’s tallest skyscrapers. The center also includes the largest Imax Dome Theater in the nation.

Camden’s waterfront includes the Adventure Aquarium, which houses more than 8,500 creatures.

With its arts, culture, entertainment and natural attractions, New Jersey offers a world of opportunity and possibility to its residents that is every bit as compelling as the advantages it offers as a place to work, invest and grow.

the Adventure Aquarium in camden is home to 8,500 creatures. Ph

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visitors stroll past shops and restaurants and enjoy nightlife in cape may. Photo by Jeff adkins


the manhattan skyline as seen from Jersey city Photo by Jeff adkins



a family visits the Ellis Island Immigration museum, which is part of the Statue of Liberty national monument. Photo by brian mccord


a man makes his way down a hall at Princeton university, which is the fourth-oldest college in the u.S. Photo by brian mccord


70 N e w J e r s e y e c o N o m i c D e v e l o p m e N t G u i D e b u s i N e s s c l i m a t e . c o m / N e w - J e r s e y 71

busiNesssNapshotNew Jersey has a diverse and innovative economy that includes major pharmaceuticals, life sciences, financial services, advanced manufacturing, renewable energy, and transportation and logistics sectors. Twenty-one Fortune 500 companies are headquartered in the state, which also has operations for more than 1,100 multinational companies representing 40 nations. The state ranks seventh in the U.S. for foreign direct investment jobs. New Jersey had a Gross Domestic Product of $426.7 billion and exported more than $38 billion in goods in 2011.

ecoNomicprofile

visit ouradvertisersBergen County Economic Development Corporationwww.co.bergen.nj.us/bcedc

Bio New Jerseywww.bionj.org

Brick City Development Corporationwww.bcdcnewark.org

Burlington County Bridge Commissionwww.co.burlington.nj.us

Choose New Jerseywww.choosenj.com

Cumberland Countywww.co.cumberland.nj.us

HealthCare Institute of New Jerseywww.hinj.org

Lakewood Development Corporationwww.lakewoodnj.gov/department/uez

Mercer County Office of Economic Developmentwww.mercercounty.org

Monmouth County Economic and Workforce Developmentwww.visitmonmouth.com

New Jersey Chamber of Commercewww.njchamber.com

New Jersey Natural Gaswww.njliving.com

NJM Insurance Company – New Jersey Business & Industry Associationwww.njm.com

PNC Bank National Associationwww.pnc.com

PSEGwww.pseg.com

Rutgers Research Economic Developmentwww.rutgers.edu/resource

Rutgers-New Jersey Clean Energy Resource Networkwww.njcern.rutgers.edu

South Jersey Port Corporationwww.southjerseyport.com

The Port Authority of New York & New Jerseywww.panynj.gov

The Provident Bankwww.providentnj.com

Thomas Edison State Collegewww.tesc.edu

This secTion is sponsored by

what’sonlineFor more in-depth demographic, statistical and community information on the state of New Jersey, go to businessclimate.com/new-jersey and click on “Facts & Stats.”

populatioN

2011: 8,821,1552000: 8,414,350Change: 4.8% Housing Units (2010): 3,176,069Change From 2000: 6%

laborforce(2011)

4,497,900civilianlaborforce

3,874,600Nonagriculturalemployment

$50,781percapitapersonalincome

$69,811medianhouseholdincome(2010)

maJorpopulatioNceNters(2010)

Newark: 278,154

Jersey City: 247,597Paterson: 146,199Elizabeth: 124,969Edison: 99,967Wodbridge: 99,585Lakewood: 92,843Toms River: 91,239Hamilton: 88,468Trenton: 84,913Clifton: 84,136Camden: 77,344

maJoriNDustrysectors(2011)

Trade, Transportation & Utilities: 21%Government: 16%Education & Health Services: 16%Professional & Business Services: 15%Leisure & Hospitality: 9%

Manufacturing: 6%Financial Activities: 5%Other Services: 4.1%Construction: 3.3%Information: 2%

housiNGmarket

Median Value for Home or Condo (2009)Newark: $288,500Jersey City: $361,000Patterson: $316,000Elizabeth: $329,300Edison: $366,300New Jersey: $348,300

traNsportatioN

Commercial Service Airports:Atlantic City Airport www.acairport.com

http://www.co.bergen.nj.us/bcedc

http://www.bionj.org

http://www.bcdcnewark.org

http://www.co.burlington.nj.us

http://www.choosenj.com

http://www.co.cumberland.nj.us

http://www.hinj.org

http://www.lakewoodnj.gov/department/uez

http://www.mercercounty.org

http://www.visitmonmouth.com

http://www.njchamber.com

http://www.njliving.com

http://www.njm.com

http://www.pnc.com

http://www.pseg.com

http://www.rutgers.edu/resource

http://www.njcern.rutgers.edu

http://www.southjerseyport.com

http://www.panynj.gov

http://www.providentnj.com

http://www.tesc.edu

http://www.acairport.com


70 N e w J e r s e y e c o N o m i c D e v e l o p m e N t G u i D e b u s i N e s s c l i m a t e . c o m / N e w - J e r s e y 71

Newark Liberty Airport www.panynj.gov/airports/ newark-liberty.html

hiGhwaysMore than 38,000 miles of interstates and highways, including Interstates 76, 78, 80, 95 and the Garden State Parkway

railroaDThe state includes 1,000 miles of rail freight lines served by short line, regional and national railroads.

waterPort Authority of New York/ New Jersey www.panynj.gov/ South Jersey Port Corp. www.southjerseyport.com

eDucatioNalattaiNmeNt(2008)

87.4%highschoolGraduateorhigher

34.4%bachelor’sDegreeorhigher

Sources:www.city-data.comquickfacts.census.gov www.bea.govchoosenj.com

atlaNticcouNty

Population: 272,417 Labor Force: 139,900 Per Capita Income: $27,200largestemploymentsectors: Leisure & Hospitality: 37% Trade, Transportation & Utilities: 15% Education & Health Services: 12% College Degree: 24%

berGeNcouNty

Population: 900,766 Labor Force: 483,900 Per Capita Income: $42,000

essexcouNty


largestemploymentsectors: Trade, Transportation & Utilities: 21% Education & Health Services: 16% Professional & Business Services: 14% College Degree: 32%

GloucestercouNty

Population: 290,728 Labor Force: 159,900 Per Capita Income: $31,200largestemploymentsectors:Trade, Transportation & Utilities: 27% Education & Health Services: 12%; Professional & Business Services: 10% College Degree: 27.4%

huDsoNcouNty


largestemploymentsectors:Trade, Transportation & Utilities: 24% Financial Activities: 17% Education & Health Services: 12% College Degree: 35.4%

huNterDoNcouNty


largestemploymentsectors: Trade, Transportation & Utilities: 18% Professional & Business Services: 15% Education & Health Services: 13%; College Degree: 48%

mercercouNty


largestemploymentsectors: Education & Health Services: 18%

largestemploymentsectors: Trade, Transportation & Utilities: 24%; Education & Health Services: 17% Professional & Business Services: 17% College Degree: 45%

burliNGtoNcouNty

Population: 445,774 Labor Force: 244,200 Per Capita Income: $35,000largestemploymentsectors: Trade, Transportation & Utilities: 23% Professional & Business Services: 15% Education & Health Services: 13% College Degree: 34%

camDeNcouNty

Population: 515,879 Labor Force: 270,200 Per Capita Income: $29,500largestemploymentsectors: Trade, Transportation & Utilities: 20% Education & Health Services: 19%Professional & Business Services: 15%College Degree: 28%

capemaycouNty

Population: 95,948 Labor Force: 59,500 Per Capita Income: $33,600largestemploymentsectors: Leisure & Hospitality: 24% Trade, Transportation & Utilities: 19% Education & Health Services: 11% College Degree: 27.1%

cumberlaNDcouNty

Population: 158,259 Labor Force: 72,700 Per Capita Income: $21,900largestemploymentsectors: Trade, Transportation & Utilities: 21% Education & Health Services: 15% Manufacturing 15% College Degree: 14%

http://www.panynj.gov/airports/newark-liberty.html

http://www.panynj.gov/

http://www.southjerseyport.com

http://www.city-data.com

http://www.bea.gov

Ad Index 6 BergenCountyeConomiC DevelopmentCorporation

27 BionewJersey

C2 BriCkCity DevelopmentCorporation

64 BurlingtonCounty BriDgeCommission

1 ChoosenewJersey

2 CumBerlanDCounty

24 healthCareinstitute ofnewJersey

16 lakewooD DevelopmentCorporation

18 merCerCountyoffiCe ofeConomiCDevelopment

4 monmouthCounty eConomiCanD workforCeDevelopment

55 newJerseyChamBer ofCommerCe

40 newJerseynaturalgas

20 nJminsuranCeCompany– newJerseyBusiness &inDustryassoCiation

10 pnCBank nationalassoCiation

C4 pseg

C3 rutgersresearCh eConomiCDevelopment

33 rutgers–newJerseyClean energyresourCenetwork

Ad Index (cont.) 50 southJersey portCorporation

44 theportauthority ofnewyork&newJersey

64 theproviDentBank

56 thomaseDisonstate

http://cancer.org

72 N e w J e r s e y e c o N o m i c D e v e l o p m e N t G u i D e

Professional & Business Services: 15% Trade, Transportation & Utilities: 13% College Degree: 38%

miDDlesexcouNty

Population: 809,858 Labor Force: 438,300 Per Capita Income: $37,300largestemploymentsectors:Trade, Transportation & Utilities: 25% Professional & Business Services: 11% Education & Health Services: 10%; College Degree: 38.9%

moNmouthcouNty

Population: 630,380 Labor Force: 330,100 Per Capita Income: $41,000largestemploymentsectors:Trade, Transportation & Utilities: 21% Education & Health Services: 17% Professional & Business Services: 13% College Degree: 39.6%

morriscouNty

Population: 489,112 Labor Force: 275,000 Per Capita Income: $47,350largestemploymentsectors: Professional & Business Services: 21% Trade, Transportation & Utilities: 19% Education & Health Services: 13% College Degree: 49%

oceaNcouNtyPopulation: 577,671 Labor Force: 267,200 Per Capita Income: $29,900largestemploymentsectors:Trade, Transportation & Utilities: 22% Education & Health Services: 22% Leisure & Hospitality: 12% College Degree: 24.5%

passaiccouNtyPopulation: 501,226 Labor Force: 247,100 Per Capita Income: $26,100largestemploymentsectors:Trade, Transportation & Utilities: 22% Education & Health Services: 15% Professional & Business Services: 15% College Degree: 25.4%

salemcouNtyPopulation: 66,423 Labor Force: 31,600 Per Capita Income: $27,300largestemploymentsectors: Trade, Transportation & Utilities: 24% Education & Health Services: 14% Manufacturing: 13% College Degree: 18.5%

somersetcouNtyPopulation: 323,444 Labor Force: 181,200 Per Capita Income: $47,100largestemploymentsectors: Professional & Business Services: 22%

Trade, Transportation & Utilities: 20% Education & Health Services: 12% College Degree: 50%

sussexcouNty

Population: 150,908 Labor Force: 84.200 Per Capita Income: $36,000largestemploymentsectors: Trade, Transportation & Utilities: 18% Education & Health Services: 17% Professional & Business Services: 12% Leisure & Hospitality: 12% College Degree: 31.6%

uNioNcouNty

Population: 529,886 Labor Force: 277,200 Per Capita Income: $34,100largestemploymentsectors: Trade, Transportation & Utilities: 23% Professional & Business Services: 16% Education & Health Services: 13% College Degree: 31.6%

warreNcouNty

Population: 108,692 Labor Force: 60,100 Per Capita Income: $33,080largestemploymentsectors: Trade, Transportation & Utilities: 22% Education & Health Services: 17% Manufacturing: 15% College Degree: 29%

YOUR BUSINESS GROWS WHEN RUTGERS UNIVERSITY IS YOUR RESOURCE

Rutgers offers numerous top-quality graduate programs and continuous education including New Jersey’s only statewide Master of Business and Science program, a trend-setting combined MBA and MS.

MBS: mbs.rutgers.eduContinuous education: continuingstudies.rutgers.edu

Rutgers graduates more than 12,000 men and woman annually from 270 degree programs, many of them among the nation’s best, the majority intending to build a career in New Jersey.

Recruiters: careerservices/rutgers.edu

Find out how to access New Jersey’s most extensive and diversified laboratory network and facilities, funded with $400 million annually of research in fields such as biomaterials, business, energy storage,

materials engineering, nanotech, pharmacy and wireless networking. Research Alliances: ora.rutgers.edu

Technology Licensing: otc.rutgers.edu

Rutgers-New Brunswick is our flagship campus; the Newark and Camden campuses are home to a wide range of academic programs.

N.J. Small Business Development Center at Newark: business.rutgers.edu/rnsbdcN.J. Small Business Development Center at Camden: rsbdc.org/

Easy access for businesses: Our Research Alliances team provides one-stop concierge service to Rutgers. Call 732-445-0320 or send a note to [email protected].

Jersey Roots, Global Reach

RUTGERSThe State University of New Jersey

rutgers.edu/resource

Excalibur, the IBM Blue Gene P® supercomputer Rutgers acquired in 2012. At left is Michael J. Pazzani, vice president for research and economic development, with (right) Manish Parashar, professor of computer science.


http://mbs.rutgers.edu

http://continuingstudies.rutgers.edu

http://careerservices/rutgers.edu

http://ora.rutgers.edu

http://otc.rutgers.edu

http://business.rutgers.edu/rnsbdc

http://rsbdc.org/

http://rutgers.edu/resource

http://www.pseg.com

New Jersey Economic Development Guide 2013

Documents

n e w j e r s e y

n e w j e r s e y e

i c d e v e

magazine b u s i n e

ergen county b u s i

new jersey shapes

new jersey partnership

new programs