May 2020 – State of Innovation Dashboard

Jersey Strong

New Jersey continues to implement measures to contain the spread of coronavirus with major help from the private sector. The State recently launched a PPE Supplier Registry to connect suppliers with organizations in need of essential safety items. Throughout the COVID-19 outbreak, we’ve seen how the New Jersey manufacturing community has stepped up in incredible ways. Companies like Brother USA, BASF, Unionwear.com and Sandy Alexander are creatively pivoting and converting their production lines to make PPE. Read our new blog below to learn more about their noble efforts to assist fellow New Jerseyans on the front lines. 

New Jersey Economic Trends

0
Jobs Lost

17% of the NJ labor force

0 %
Unemployment Rate

▲Increase 11.5% YoY | U.S. 14.7%

0 %
U.S. Consumer Price Index

1.2% YoY

Sources: U.S. Department of Labor, U.S. Department of Commerce, U.S. Bureau of Labor Statistics

Bond Rating

Moody: A3

XXX No change over 2019, stable

S&P: A-

XXX No change over 2019, stable

Sources: U.S. Department of Labor, U.S. Department of Commerce, U.S. Bureau of Labor Statistics

Big Moves

Making Room

Health Pharma USA, an over the counter pharmaceutical manufacturer, expands its presence in Rahway to accommodate rapid growth. 

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Be More in NJ

The New Jersey Presidents’ Council (NJPC) officially launched the “Be More in NJ” campaign to inspire students to recognize the value of a New Jersey education.

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Tech Across the Pond

UK-based cloud communications platform provider Infobip opens its 1st U.S. headquarters in Jersey City.

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Board Spotlight

RUCDRDiscovery3-min

Rutgers University

Rutgers wins FDA approval for first at-home saliva testing kit in the U.S. This new sampling method is safer, easier and has the potential to make a big impact for screening across the country. 

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People working in cybersecurity

New Jersey City University

NJCU launches a new Bachelors in Cybersecurity program. The specialized degree offering is a big step forward for New Jersey’s talent pipeline in the the rapidly growing field of cybersecurity.

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CEO Corner - Jose Lozano

Choose New Jersey CEO Jose Lozana talks about the global interest increase in New Jersey due to the COVID-19 pandemic.

This month I was called to serve on Governor Murphy’s Restart and Recovery Council as co-chair alongside Secretary of Higher Education Dr. Zakiya Smith Ellis and New Jersey Economic Development Authority (NJEDA) CEO Tim Sullivan working to get the State back on its feet. The Council has brought together 200+ leaders from various industry, community, and faith-based groups and institutions across New Jersey to advise state leadership on economic issues impacted by COVID-19. Nine subcommittees are holding weekly virtual meetings. We are working hard to consider the best path forward to resume operations with the highest regard for health and safety.

If you are a New Jersey business owner, we ask that you please fill out the survey below to help guide our decision-making process. We want to hear from you about your challenges during this crisis and what you need to get safely back to work.  

Point of Pride

Jersey City pizzerias Razza Pizza Artigianale and Bread and Salt were named finalists in The Infatuation’s “NYC Pizza Showdown” bracket – proof that New Jersey is still the best state for a slice of pie 🍕

Notable & Quotable

“BioCentriq will help bring innovative and novel therapies to clinical trials, providing a venue for established companies and start-ups alike. It is also a unique training ground for the workforce of the future.”

-Dr. Haro Hartounian, SVP and General Manager of Biopharma at New Jersey Innovation Institute (NJII)

NJII recently introduced BioCentriq as the name of its new cell and gene therapy center – the 1st process development and clinical manufacturing facility located on a university campus in the U.S.

Have a story to share?

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WHAT CAN CHOOSE New Jersey DO FOR YOU

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.

Carly Wronko
Director of Creative & Digital Marketing
Tiffany Hess-Bennette
Creative Content Specialist