Choose New Jersey is excited to welcome Wesley Mathews as our new President & CEO and look forward to having him join our team in February! In an interview with ROI-NJ, Wesley described why choosing New Jersey was a “no-brainer” and how he’s excited for the opportunity to return to the State after launching NJEDA’s Office of International Trade in 2018. Wesley also spoke about his experience as a career diplomat, the importance of attracting international investment and why increasing efforts in East Asia is on Choose New Jersey’s wish list.
Current economic hardships reflect the global COVID-19 pandemic.
New Jersey Economic Trends
▲ Increase 0.88% from October to November
▼ Decrease 3.6% YoY | U.S. 4.2%
Q3 2021 | 6.70% Q2 2021
▲ Increase 6.8% YoY
Bond Rating
Moody: A3
Outlook change from 2020, stable
S&P: BBB+
Outlook change from 2020, positive
Sources: U.S. Department of Labor, U.S. Department of Commerce, U.S. Bureau of Labor Statistics
Big Moves
BioCentriq expands its clinical manufacturing facilities for cell and gene therapy in South Brunswick
Clifton-based Better Team USA selected to create Opening Ceremony parka for 2022 U.S. Olympic Teams
Governor Murphy signs legislation to bolster New Jersey Film & Digital Media Tax Credit Program
NJBIA, New Jersey’s county colleges teaming up to create NJ Pathways to Career Opportunities
Notable & Quotable
“It was especially important to us that we harness [our] growth here in Bergen County, which provides proximity to Manhattan while allowing us to tap into an abundance of highly skilled tech talent in the surrounding region.”
– Sam Gutmann, CEO of OwnBackup
2022 BIO International Convention
Choose New Jersey, BioNJ and NJEDA are excited to be leading the New Jersey presence at the 2022 BIO International Convention from June 13-16 at the San Diego Convention Center! This annual event attracts 15,000+ biotech and pharma leaders from around the world and is a great opportunity to showcase your brand for thousands of eyes to see. Learn more about New Jersey Pavilion sponsorship opportunities.
