NEW JERSEY’S UNMATCHED TRANSPORTATION NETWORK:
Fueling Manufacturing Success
With an unparalleled transportation network, New Jersey boasts an infrastructure tailored for swift and efficient movement of manufacturing products. The State’s highways, ports, and airports work in synchrony to streamline and optimize goods transportation. Boasting nearly 3,000 miles of interstate and highways, along with the nation’s highest railroad density, the transportation system provides a robust backbone for logistics.
Newark Liberty International Airport, being part of the country’s busiest airport system, complements the deep-water ports of Newark- Elizabeth and Bayonne. Furthermore, with the Port Authority’s regional air cargo network, New Jersey stands tall as the go-to gateway for cargo from across the globe. This strategic advantage empowers manufacturers in the state to outpace competitors, ensuring speedy delivery of products to their target markets.
Newark Liberty International Airport, being part of the country’s busiest airport system, complements the deep-water ports of Newark- Elizabeth and Bayonne. Furthermore, with the Port Authority’s regional air cargo network, New Jersey stands tall as the go-to gateway for cargo from across the globe. This strategic advantage empowers manufacturers in the state to outpace competitors, ensuring speedy delivery of products to their target markets.
WHY NEW JERSEY:
Where Advanced/Pharma Manufacturing Thrives
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#1* STATE FOR LIFE SCIENCE MANUFACTURING SOURCE: GLOBALDATA *TIED FOR FIRST WITH CALIFORNIA. |
$54B IN MANUFACTURING ACCOUNTS FOR 10% OF NEW JERSEY’S GDP SOURCE: CHOOSENJ / LWD CLUSTER REPORT |
236,000 MANUFACTURING EMPLOYEES SOURCE: CHOOSENJ / LWD CLUSTER REPORT |
Life Sciences Statistics Combined NJ/NY Metro*
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#1 NIH Funding (3.2 Billion) #4 VC/PE Funding ($2.4 Billion) |
#2 Life Science Employees 2nd largest after the Boston/Cambridge Metro other market (149K PEOPLE) 1,852 PhD Grads w/in 90 mile radius (This represents 10.3% of all PhD’s completions in the life sciences in the United States) |
#2 Lab Inventory (30 Million SF) |
*All statistics are derived from 2023 calendar year