NJ Future Forum 2012 Industry Clusters Paranicas

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New Jersey Future

How an industry cluster in pharmaceuticals and life sciences has made New Jersey the "Medicine Chest of the World"

News & Politik Business Technologie

#2 Ranked Cluster in U.S. JLL Cluster Study 2011

WHY NJ
• Collaboration among companies
• Most talented life sciences workforce in the world
• Access to capital markets
• Transportation Hub: world-class
airport, ports, surface transportation
• Comprehensive and specialized vendor support
• Communities of interest
• Quality of Life

Benefits of Being the
“Medicine Chest of the World”
2010 State Economic Impact
• $24.2 billion in NJ economic activity
• More than 125,000 direct and indirect jobs
created
• More than $4 billion in annual contracts with
NJ businesses for goods and services
• $6.1 billion spent in NJ on R&D
• More than $730 million paid in taxes
Source: 2011 HINJ Survey

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NJ Future Forum 2012 Industry Clusters Paranicas

2. #2 Ranked Cluster in U.S. JLL Cluster Study 2011

3. NJ Life Sciences Vendors

4. WHY NJ • Collaboration among companies • Most talented life sciences workforce in the world • Access to capital markets • Transportation Hub: world-class airport, ports, surface transportation • Comprehensive and specialized vendor support • Communities of interest • Quality of Life

5. Benefits of Being the “Medicine Chest of the World” 2010 State Economic Impact • $24.2 billion in NJ economic activity • More than 125,000 direct and indirect jobs created • More than $4 billion in annual contracts with NJ businesses for goods and services • $6.1 billion spent in NJ on R&D • More than $730 million paid in taxes Source: 2011 HINJ Survey