NEW JERSEY ADVANCED MANUFACTURING - NJEDA
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NEW JERSEY
ADVANCED
MANUFACTURING
1
Why New Jersey for ADVANCED MANUFACTURING?
We are a
Connected location Innovative manufacturing Full breadth of A place for every
state of
with distinct ecosystem manufacturing talent employee
innovators. From infrastructure assets
the incandescent
Reach 40% of US Join a diverse and growing Access 236,000+ high- Offer employees access to
light bulb to ground- consumers within a 1-day ecosystem of 4,200+ skilled and blue collar the #1 ranked pre-K-12
breaking cancer research, drive of New Jersey advanced manufacturing
c manufacturing workers education system in the
firms that call NJ home and needed across your nation
New Jersey has been and are doubling down here business
remains, a place where
human ingenuity Enjoy unmatched regional Locate in the center of a Get access to a talent Provide employees with a
and global connectivity robust Mid-Atlantic pool that is highly choice of commutable city,
flourishes. with unparallel access to advanced manufacturing diverse and truly global small town, country, and
the Northeast Corridor and economy, focused in the coastal living
- Phil Murphy ~600 nonstop flight sectors that matter most, and
Governor destinations1 offering real local advantages
Take advantage of the Benefit from Governor Tap into NJ’s robust All this at a fraction of the
largest port on the East Murphy’s pro-growth workforce pipeline cost of New York and
Coast and our best-in-class manufacturing agenda and including 150+ higher Philadelphia – and just a
digital infrastructure an ecosystem of supports education institutions short train ride away
1 Includes Newark Liberty International Airport, Philadelphia International Airport, John F. Kennedy International Airport, and LaGuardia International Airport 2
CONNECTED
LOCATION WITH
DISTINCT
40% OF THE US AT THE HEART OF THE RAIL AND ROAD
INFRASTRUCTURE WITHIN A 1-DAY NORTHEAST NETWORKS
ASSETS DRIVE CORRIDOR WITH CONNECTING MAINE
ACCESS 6 AIRPORTS, TO FLORIDA WITH
3 INTERNATIONAL THE #1 PORT ON THE
EAST COAST IN THE
#1 DIGITALLY-
CONNECTED STATE
3
CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE
~1 day drive
~100 million
People – and thousands of
~half day drive
retailers and suppliers – within a
33%
40%
day’s drive
of
of the
the entire
There are many benefits of operating in New
entire Jersey. We bring in paper from all over the
US
US pop.
pop. within
within world, so it’s important for us to be near the
aa 1-day
major ports. We also ship internationally, so we
1-day must be close to proficient transportation.
We’re located less than an hour from airports
driving
driving and New York City.
shift
shift - Lisa Hirsh
President and CEO
Accurate Box Company
SOURCE: New Jersey Department of Labor and Workforce Development 4
CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE
At the heart of the Northeast corridor, next to NYC and Philadelphia
Train times from
Newark Penn Station
Boston ~4 hours Day trips by train
to Washington DC
and Boston
Newark New York ~20 min $2.9 trillion
GDP within 150 miles1
Trenton ~40 min
Philadelphia ~1.5 hours
Baltimore ~2 hours
36 million
Washington, DC ~3 hour consumers1
within 150 miles
NOTE: All train times referenced from Newark Penn Station
1 Includes the GDP and population of counties whose centers are within 150 miles of New Jersey
Source: Choose New Jersey research using JobsEQ 5
CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE
Easy access to employees, clients, and customers across the globe
340+
NONSTOP
DOMESTIC
DESTINATIONS
260+
NONSTOP
INTERNATIONAL
DESTINATIONS
SOURCE: Diio Mi - Includes Newark Liberty International Airport, Philadelphia International Airport, John F. Kennedy International Airport, and LaGuardia International Airport 6
CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE
Importing and exporting goods could not be easier for your business
EWR Airport
FTZ #49
FTZ #44
JFK Airport
Port Newark/
LGA Airport
Elizabeth
Bayonne
FTZ #235
FTZ #200
Trenton-Mercer Airport
Access 6 #1 largest port 5 strategically PHL Airport FTZ #142
Port of
Airports, on the East Coast located Foreign Camden
3 International Trade Zones
Port of
Paulsboro
throughout the Port of
Salem
State
SOURCE: 2022 Port Performance Report, Department of Transportation; State of NJ Business Portal 7
CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE
Best-in-class Digital Infrastructure
#1 #2 67%
Best Broadband access access to a wired population with access
in the country connect with speeds to fiber-optic internet
(broad coverage, high-speeds, over 100 Mbps+ (National Avg is 25%)
and low pricing)
(97.7%)
SOURCE: Broadbandnow.com: New Jersey Internet Service Providers: Availability & Coverage 8
RICH, DIVERSE AND GROWING
ECOSYSTEM OF 4,200+ ADVANCED
MANUFACTURING FIRMS
INNOVATIVE STRATEGIC ADVANTAGES WITHIN
MANUFACTURING A ROBUST REGIONAL
MANUFACTURING ECONOMY
ECOSYSTEM
A CLEAR, PRO-GROWTH COMMITMENT
TO ADVANCED MANUFACTURING WITH
REAL SUPPORTS IN PLACE
9
INNOVATIVE MANUFACTURING ECOSYSTEM
Diversity of advanced manufacturing companies in New Jersey
4,200+ advanced manufacturing firms in NJ
Biopharma &
medical device
Chemical
Food
Computer &
electronic product
Fabricated metal
Machinery
Other advanced
manufacturing
10INNOVATIVE MANUFACTURING ECOSYSTEM
A diverse advanced manufacturing economy that is on the rise
Fabricated Machinery
metal
Computer &
4% 3% Non-advanced
electronic product
10% mfg
26%
Food 9%
$56B 28%
7%
All other GDP growth in NJ
advanced manufacturing
40% Chemical since 2013
SOURCE: Bureau of Economic Analysis 11INNOVATIVE MANUFACTURING ECOSYSTEM
Leading companies are doubling down here
New 45,000 square foot facility brings B&W Tek, Celebrated breaking ground on a Adding a 31,000 sq. ft. building next to
Innovative Photonic Solutions (IPS) and a new Opened new 6,100 square foot, 42,000 sq. ft. expansion of its its current facility in East Windsor, New
Metrohm USA applications lab and field office state-of-the-art facility in Totowa, manufacturing facility in Logan Jersey, laying the foundations for a
under one roof. New Jersey Township state-of-the-art Hovione Campus.
Chemical Instrument Gluten Free Food Contract Development and
Manufacturer Global Laser Microjet Manufacturer Manufacturing Organization
Cutting Company
2021 2021
Global Electric Vehicle Biotechnology Company Biopharmaceutical Global skincare
Company Expanded 32,000-square-foot Company company
manufacturing facility
Expands in North America with 30,000 sq. Expands in NJ, 220,500 sq. ft. Opens a new 32,000-square-foot
ft. service center gene therapy manufacturing Innovation Center
facility
SOURCE: Company press releases; Note Sandvik expansion occurred in 2014 12INNOVATIVE MANUFACTURING ECOSYSTEM
Located in a robust Mid-Atlantic manufacturing economy and focused in the sectors that matter most
Mid-Atlantic NJ
Percent of advanced manufacturing GPD, 2020
34%
Chemical
54%
20%
Food/Beverage
12%
10%
Fabricated Metal
6%
8%
Machinery
$263+ 5%
in advanced
manufacturing GDP Computer and 20%
across the Mid- Electrical Product
billion Atlantic1
13%
8%
All other
10%
1 Includes New Jersey, Massachusetts, Pennsylvania, New York, Maryland, Virginia, Connecticut, Rhode Island, Delaware
SOURCE: Bureau of Economic Analysis 13INNOVATIVE MANUFACTURING ECOSYSTEM
Among the best places in the Mid-Atlantic to create products and get them to customers quickly
Abundant manufacturing spaces to create… …and an ability to get products to customers fast
Total industrial manufacturing square footage, 2022
#1
Pennsylvania 305 M
New York 273 M
New Jersey 157 M
port on the East Coast, with
Massachusetts 129 M nearly 2X the volume of Virginia
Conneticut 120 M
Virginia 110 M #2
Rhode Island 39 M
Maryland 37 M distribution and warehousing
capacity in the Mid-Atlantic
Delaware 11 M (712+ million sq. ft)
Source: CoStar, Q1 2022 14INNOVATIVE MANUFACTURING ECOSYSTEM
Governor Murphy’s economic development plan for the future
Investing in PEOPLE,
including robust workforce
supports to train the
workers of the future
Investing in COMMUNITIES,
including making significant
investments in expanding New
Jersey’s robust infrastructure and
invigorating its cities
Supporting INNOVATION by
creating clear sector priorities
and specific programs to
support companies within
those sectors MAKING GOVERNMENT
WORK BETTER by reducing
the time, cost, and complexity of
doing business in New Jersey
SOURCE: NJEDA, Stronger and Fairer Economy Plan 15INNOVATIVE MANUFACTURING ECOSYSTEM
We have the supports needed to help advanced manufacturing companies thrive
TAILORED WORKFORCE
PROGRAMS
Pro-action Education
Network
ECOSYSTEM OF A NETWORK OF SUPPORTIVE
ADVANCED INSTITUTIONS AND PROGRAMS
MANUFACTURING
SUPPORT
SUPPORTS FOR INNOVATION
AND RESEARCH
Center for
Manufacturing Systems
Makerspaces
across the State
16LARGE AND ACCESSIBLE 236,000+
TALENT POOL Advanced manufacturing
workers at the ready
FULL BREADTH OF 37%
TRULY DIVERSE
MANUFACTURING POPULATION female share of advanced
TALENT manufacturing workforce
150+
PIPELINE OF TOP TALENT
higher education institutions
supporting range of
workforce needs
SOURCE: BLS, US Census Bureau, WalletHub 17FULL BREADTH OF MANUFACTURING TALENT
Hundreds of thousands already working in New Jersey’s advanced manufacturing industry
NJ distribution of occupations in the manufacturing sector
% of NJ employment in the manufacturing by occupation, 2020
Architure &
Engineering We’re proud to continue
6% contributing to the
Managers
7% manufacturing comeback…in
Trenton and the launch of our
Transportation &
10% new division allows us to hire new
material moving ~236,000 44% employees while maintaining
z the
Production
Manufacturing loyal and multi-generational
industry workforce who have made
workers Switlik the continuing
Other 23% success it is today.
- Stanley Switlik II
10% CEO
Administrative SWITLIK Survival
& financial Products
1 Other category consists of business, sales, and other professional and service occupations
SOURCE: 2020 Occupational Employment Statistics, Bureau of Labor Statistics 18FULL BREADTH OF MANUFACTURING TALENT
Deep pool of
advanced
160,000+ 12,000+ 5,000+
manufacturing Workers employed First-Line
workers at Machinists
in production Supervisors2
the ready projected to grow
occupations1 projected to grow 3%
7% in the decade
in the next decade
1 Includes production occupations within manufacturing only | 2 Includes first-line supervisors of production and operating workers across sectors
SOURCE: Bureau of Labor Statistics 19
19FULL BREADTH OF MANUFACTURING TALENT
Diverse talent needed to compete in a globally diverse world
#4 WHERE DIVERSITY
41%
THRIVES…
OVERALL RACIAL FOREIGN-BORN
AND ETHNIC RESIDENTS HAVE A
DIVERSITY BACHELOR’S DEGREE
OR HIGHER
#1 #1
MOST IN K-12 STUDENTS
ETHNICALLY ENROLLED IN
32% 3rd
DIVERSE CITY FOREIGN
IN THE US LANGUAGE
(JERSEY CITY) CLASSES
SPEAK A ...AND INTERNATIONAL IN THE NATION
LANGUAGE OTHER RESIDENTS ARE WELCOME FOR LINGUISTIC
THAN ENGLISH AT DIVERSITY
(~2 MILLION OF THEM!)
HOME
SOURCE: WalletHub, American Community Survey, IPUMS, American Councils 20FULL BREADTH OF MANUFACTURING TALENT
Access to 150+ premier higher education institutions
Select top universities and Doctoral
universities noted below $7.8 billion
R&D expenditures1
150+
institutions in
the region1
25
Doctoral
universities1,2
#1
University in the
country and
1 New Jersey region includes New Jersey state, New York-Newark-Jersey City, NY-NJ-PA MSA and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
2 Includes universities under Carnegie classification: Doctoral Universities: Very High Research Activity, Doctoral Universities: High Research Activity
3 of top 101,3
3 Includes Princeton, Columbia University and University of Pennsylvania
SOURCE: Carnegie Classification of Higher Education Institutions, Higher Education Research and Development Survey (National Science Foundation), The Integrated Postsecondary Education Data System (IPEDS), US News 21Newark Jersey City
TRANSIT-RICH, DIVERSE BUSTLING,
NEIGHBORHOODS GROWING CITIES
Montclair Hoboken
A PLACE FOR
EVERY Collingswood Asbury Park
EMPLOYEE
Princeton Ocean City
ACCESSIBLE, COASTAL
SMALL TOWNS ENCLAVES
22A PLACE FOR EVERY EMPLOYEE
Montclair
A safe and vibrant suburb with incredible schools, world-class dining options, and direct access to New York City
17 12
miles from student-teacher ratios
Midtown Manhattan
A
DISTINCTIVE
85% COMMUNITY
18
bachelor’s degree
or higher Parks and nature reserves
Top suburb 40 Downtown Montclair Brookdale Park
in America to raise a family
SOURCE: Niche, Township of Montclair, American Community Survey 23A PLACE FOR EVERY EMPLOYEE
The #1 Pre-K-12 education system in the country
ranked in
Compared to…
2 of the top 30
school districts
1 Pre-K-12
education
17
PA
19
NY
35
TX
40
CA
2 of the top 20 high
schools in the US
SOURCE: US News: Education Rankings; Niche: 2022 Best Public High Schools in America; Niche: 2022 Best School Districts in America 24A PLACE FOR EVERY EMPLOYEE
A short train ride from New York City but significantly more affordable
Typical savings moving from Manhattan to Newark
% savings vs. original dollar spend
If your income in
Manhattan is…
Housing 71% savings
~$100,000
Groceries 22% savings
after taxes
Entertainment 16% savings
Moving to Newark
would get you…
Transportation 12% savings
~$200,000
12% savings
of purchasing power Healthcare
SOURCE: NerdWallet, 2022 25A PLACE FOR EVERY EMPLOYEE
Access to New York City and all its amenities at a fraction of the cost
Easy access to New York City… …at New Jersey prices
Weekday commute time to Midtown Manhattan (Penn Station), minutes Average market rent ($ per month, 2021)
Montclair Legend Upper West Side $4,593
~1 hour Destination Nearby in NJ Nearby in NY
Midtown Manhattan $4,267
NEW YORK
Upper West Side
NEW JERSEY 19m
Upper East Side $4,176
Upper East Side
20m $3,790
Downtown Brooklyn
Hoboken
18m Midtown
Manhattan
Newark Hoboken $3,611
18m
Jersey City NEW YORK
NEW JERSEY
26m Montclair $2,137
Jersey City $2,998
Downtown Brooklyn
28m
Newark Airport $1,304
Newark
26m
SOURCE: Google Maps estimates via public transportation at 8:00 am on Monday morning; in cases where time range is provided, estimate uses average of low and high range; RentCafe data provided by Yardi Matrix 26A PLACE FOR EVERY EMPLOYEE
Endless opportunities for leisure
130 130 9,900 256
Miles of Craft Farms Historical Sites &
Coastline Breweries Memorials
400+ 335 949 44
Lakes, Pond & Golf Courses Miles of Hiking Zoos,
Reservoirs Arboretums &
Gardens
30 18 150
State Parks Theme Parks Museums
3 10
Ski Mountains Sports Stadiums
SOURCE: Stockton University, State of New Jersey Department of Environment Protection, GolfMax, FunNewJersey.com, Coastal Living, Department of State, Division of Travel and Tourism, State of New Jersey, New York-New Jersey Trail
Conference, JerseyFresh, Institute of Museum and Library Services 27A PLACE FOR EVERY EMPLOYEE
A progressive agenda that helps attract diverse, highly-skilled talent
28SUPPORT PROGRAMS
A true partner for your business with supports to help at every stage
GET STARTED GET ESTABLISHED GROW
Targeted financing programs for Innovative supports for growth Venture funding and loan
young companies companies programs to help companies scale
As an entrepreneur and former Pfizer executive, I cannot underscore enough the critical
value that early funding brings to companies like ours, I applaud and thank Governor Phil
Murphy for expanding the Angel Investor Tax Credit. I know it will impact our conversation
with investors in the months and years ahead.
Geno J. Germano
CEO, Elucida Oncology
SOURCE: NJEDA press releases and announcements 29We’d love to connect with you!
Doug Yorke
Director, Sector Lead
Advanced Manufacturing
Phone: +1 609-203-9891
Email: dyorke@njeda.com
Ryan Fox
Business Development Officer
Phone: +1 609-269-2035
Email: rfox@choosenj.com
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