Choose New Jersey Announces Tim Crouch as Organization's Chief Strategy Officer

GDP figures show manufacturing in N.J. has made strong strides


Most of the huge plants are gone — but that doesn’t mean manufacturing in New Jersey is down and out. In fact, Gross Domestic Product figures from the past four years show the state is doing far better than most.

New Jersey’s manufacturing output grew at a 5.8% annualized pace between the fourth quarter of 2017 and the fourth quarter of 2021 — figures that rank the state as the seventh-best in the country.

The state far exceeded the national growth rate of 2.6% during the period.

John Kennedy, the CEO of the New Jersey Manufacturing Extension Program, was pleased to hear the numbers.

“Manufacturing remains the core of a healthy economy — in the USA, and in New Jersey,” he said.

Kennedy said the state has a lot going for it, but he warned that the state’s leaders cannot be complacent.

“We have tremendous capabilities in this area, both historically and today,” he said. “We have made many gains, but, while we continue our economic recovery from the pandemic, we must remember to invest and engage the industry in a positive way.

“We look forward to being a vital component on many programs, including off-shore wind.”

Tim Sullivan, the CEO of the New Jersey Economic Development Authority, said the state is all-in on the sector.

“The strength of the New Jersey manufacturing sector has been a huge contributor to the state’s economic momentum during Gov. (Phil) Murphy’s administration,” he said. “And, with major investments underway, like the New Jersey Wind Port and Hax in Newark, the future of manufacturing in New Jersey is bright.”

Read the full article here.


Relocation & Expansion Services

We provide customized RFI responses, demographics, detailed market assessments and other complimentary business relocation and expansion services. When your company chooses to grow in New Jersey, we also will help you publicize your good news.

Site Visits

We’ll make your property search seamless, so you find the site that best meets your relocation or expansion needs.

Economic Development Connections

Our public and private partners provide a wide range of services. From higher education research collaboration to regulatory and legal assistance to workforce training, they’ll ensure you have a smooth landing.

Ryan Fox
Senior Business Development Officer