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MORRIS COUNTY, NEW JERSEY
OVERVIEW                                   LABOR FORCE & EMPLOYMENT
                                           CURRENT CIVILIAN                               UNEMPLOYMENT
                                           LABOR FORCE                                    RATE


                                           275,000                                        7%              9.8% NJ
                                                                                                          8.3% US

                                           TOTAL EMPLOYED                                 PER CAPITA PERSONAL INCOME


                                           255,900                                        $47,350                       $35K NJ
                                                                                                                        $27K US


                                                                               MAJOR PRIVATE SECTOR EMPLOYERS
HISTORY                                      Company                                   Industry                                  2011 Employment
1695: First settlement occurred in           Avis                                      Car Rental                                           2,300
Pompton Plains by the Dutch                  Siemens Medical Solutions                 Analytical Instruments                               2,100
                                             Honeywell Int’l Inc                       Industrial Conglomerate                              1,400
1739: Formed from portions of Hunter-
                                             Allan Industries of NJ                    Fire Damage Repair                                   1,200
don; named after Colonel Lewis Morris        Automatic Switch Company                  Solenoid Valves                                      1,200
1753 Sussex, subsequently Warren             Kraft Foods Global                        Food & Beverages                                     1,000
carved out of Morris County                  Budget Rent-a-Car                         Car Rental                                           1,000
1800s-Beyond: Morris County changed          Basfin Corp                               Organic Chemical                                     1,000
industries from iron mining to research,     BASF Catalyst                             Chemical                                               925
                                             Wyeth LLC                                 Pharmaceutical                                         850
pharmaceuticals and light mfg.
2010: 9th wealthiest county in the US by                                     FASTEST GROWING EMPLOYMENT SECTORS
personal per-capita income, the highest
                                              Rank    Industry                                                           % of new employment
rank in NJ
                                                 1    Chemical Manufacturing                                                            >20%
CURRENT POPULATION:                              2    Ambulatory Health Care Services                                                    12%
                                                 3    Management of Companies and Enterprises                                            11%

489,112                                          4
                                                 5
                                                      Personal and Laundry Services
                                                      General Merchandise Stores
                                                                                                                                         11%
                                                                                                                                         10%

                                                                             LARGEST EMPLOYMENT SECTORS (TOP 5)
                                               Rank     Sector                                                 Morris             NJ            U.S.
PROJECTED EMPLOYMENT GROWTH
                                                  1     Professional & Business Services                        21%              15%            13%
(2008-2018)                                       2     Trade, Transportation & Utilities                       19%              21%            19%
                                                  3     Education & Healthcare Services                         13%              23%            14%
    Morris 2.9%                                   4     Financial Activities                                     9%              7%              6%
                                                  5     Manufacturing                                            9%              7%             10%

    NJ   2.8%                                                                      LARGEST OCCUPATIONS (TOP 5)
                                             Rank     Occupation                                              Morris              NJ            U.S.
                                                1     Office & Admin Support                                   19%               17%            16%
LARGEST MUNICIPALITIES 2011
                                                2     Sales & Related                                          11%               11%            11%
    Parsippany-Troy Hills (53,238)             3     Bus. & Fin. Operations                                    7%               5%              5%
    Mount Olive (28,117)                       4     Management                                                7%               6%              6%
    Randolph (25,734)                          5     Transportation and Material Moving                        6%               7%              7%
    Rockaway Twp (24,156)
    Roxbury (23,324)
    Morristown* (18,411)                  ETHNICITY/DIVERSITY                                           AGE                               MEDIAN AGE

                                            83%                                                                                                 41
TAX INFORMATION 2011                                                                                      32%
     Corporate Income Tax = 9%                                                                                                     30%
                                                                                                                        25%
     Personal Income = 8.97% (max)
     Sales Tax = 7%                                             12%
                                                      3%                       9%         3%
     Property Tax = $2,372 per capita                                                                                                         13%
                                                                                                            Under 25
                                                                                           Other
                                                                 Hispanic/
                                                      Black




     Median Property Taxes Paid in
                                              White




                                                                 Latino




                                                                                                                                       45-64
                                                                                                                         25-44




      county = $7,298
                                                                               Asian




                                                                                                                                                 65+




    *county seat                                                                                     www.choosenj.com/morriscounty.pdf
MORRIS COUNTY   LABOR FORCE & EMPLOYMENT cont’d                                                 TRANSPORTATION/MOBILTY

                EDUCATION ATTAINMENT                                                            AVG COMMUTE TIME (MINS)                    AVAIL TRANSPORTATION SYSTEMS




                              19%
                                       7%
                                                                  Less than H.S.
                                                                  H.S. Diploma
                                                                                                29          30 NJ
                                                                                                            25 US                          247              Bus Routes
                                                                                                                                                            (statewide)

                                                                  Some College                  CARPOOL



                              29%
                                           24%                    4 Yrs of College
                                                                  > 4 Yrs of College            8.1%                                      11           Commuter Rail Lines
                                                                                                                                                       (statewide)

                                         21%             COUNTY:              US:               USE PUBLIC TRANSIT
                                                         COLLEGE DEGREE


                                                              48%
                                                                              COLLEGE DEGREE


                                                                                 28%
                                                                                                4.6%                                       3      Light Rail Lines
                                                                                                                                                  (statewide)

                                                                                                MILES OF INTERSTATES &                     ACCESS TO CUSTOMERS
                                       LARGEST SCHOOL DISTRICTS                                 HIGHWAYS                                   (MILLIONS)


                 Randolph
                                                    Grade 12
                                                   Enrollment
                                                        455
                                                                       Average Combined
                                                                      SAT score (US :1509)
                                                                                       1654
                                                                                                38,000                                    100              Within one day
                                                                                                                                                           drive

                 Morris Knolls                          372                            1617     MILEAGE TO NEAREST AIRPORT                 ABOUT NEWARK INT’L AIRPORT
                 Roxbury
                 Morristown
                 West Morris Mendham
                                                        370
                                                        340
                                                        339
                                                                                       1549
                                                                                       1625
                                                                                       1763
                                                                                                21         To Newark
                                                                                                           Int’l Airport
                                                                                                                                            12th busiest in US (29th worldwide)
                                                                                                                                            34 million passengers (2010)
                                                                                                                                            860 million short tons of cargo




                  Institute
                                    INSTITUTES OF HIGHER EDUCATION

                                                       Type
                                                                        ENROLLMENT
                                                                      Under     Graduate
                                                                                                34         To LaGuardia
                                                                                                           Airport
                                                                                                                                           ABOUT LAGUARDIA AIRPORT
                                                                                                                                            25 million passengers (2010)
                                                                                                                                            Smallest of 3 NY Metro Airports
                                                                                                                                            Generates $11 billion in economic
                                                                   graduate
                                                                                                                                             activity for NY/NJ
                  County College of Morris             2 Yr           8,798               NA
                  Rutgers Univ (Essex)
                  NJ Institute of Tech (Essex)
                  Fairleigh Dickinson Univ
                                                       4 Yr
                                                       4 Yr
                                                       4 Yr
                                                                      7,307
                                                                      5,924
                                                                      2,480
                                                                                       4,194
                                                                                       2,916
                                                                                       1,025
                                                                                                41         To JFK Int’l
                                                                                                           Airport
                                                                                                                                          ABOUT JFK INT’L AIRPORT
                                                                                                                                           #18 busiest worldwide
                                                                                                                                           467.4 million passengers (2010)
                                                                                                                                           Leading freight gateway to US
                  Drew University                      4 Yr           1,739              928
                                                                                                                                            (value of shipments)
                  College of St Elizabeth              4 Yr           1,281              876
                                                                                                MILEAGE TO NEAREST PORT                    ABOUT PORT OF NY/NJ

                 Institute
                 High School Vocational
                                         VOCATIONAL SCHOOLS
                                                                                   Enrollment
                                                                                         666
                                                                                                19          To Port of
                                                                                                            NY/NJ
                                                                                                                                            Largest port on East Coast
                                                                                                                                            3rd Largest port in the US
                                                                                                                                            Handled 5.3 million loaded and
                 Post Secondary Vocational                                                52                                                 unloaded 20 ft equiv units
                                                                                                                                            Value of cargo that moved
                COST OF DOING BUSINESS                                                                                                       through port exceeds $190 Billion

                                           SPACE AVAILABILITY                                                                       2011 WAGES
                 Type                     Sq Ft/Acre                       Occupancy Costs        Occupation                                             Morris                    NJ
                 Land                     1,489 acres                             $2.89 / sf      Building/Grounds Clean & Maint                      $27,740              $28,180
                 Industrial               8,081,000 sq ft                         $6.08 / sf      Bus. & Fin. Operations                              $77,430              $74,470
                 Office                   12,238,000 sq ft                       $23.96 / sf      Computer & Mathematical                             $88,500              $85,590
                                                                                                  Construction and Extraction                         $59,770              $56,400
                                             UTILITY COSTS                                        Food Prep & Serving related                         $23,600              $23,650
                 Type of Utility       Cost/Available Providers                         Rank      Management                                         $136,180             $131,770
                 Gas                   $2.63                                     2nd lowest       Office & Admin Support                              $37,870              $36,810
                 Electric              14.8 cents / Deregulated                  7th highest      Production                                          $36,600              $35,630
                 Telecom               Varies by location                                NA       Sales & Related                                     $46,080              $43,760
                 Waste/Sewer           Varies by location                                NA       Trnsp and Material Moving                           $34,170              $33,100


                KEY RESOURCES & CONTACTS
                TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER
                MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER                            SOURCES: NJ Department of Labor & US Bureau of Labor Statistics; American Community
                                                                                                Survey, 2005-2009 Estimates,; NJ State Police & FBI, Uniform Crime Report; NJ Monthly
                EconDev@choosenj.com                                                            Magazine, 2010; NJ State Department of Education, Spring 2010; Board of Public Utilities;
                                                                                                Tax Foundation; Infoplease.com; Travelmath; CoStar; Hoovers; Institute for Energy
                609-297-2200
                                                                                                Research; Data current as of May 2012
                www.ChooseNJ.com

                                                                                                                                 www.choosenj.com/morriscounty.pdf

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  • 1. MORRIS COUNTY, NEW JERSEY OVERVIEW LABOR FORCE & EMPLOYMENT CURRENT CIVILIAN UNEMPLOYMENT LABOR FORCE RATE 275,000 7% 9.8% NJ 8.3% US TOTAL EMPLOYED PER CAPITA PERSONAL INCOME 255,900 $47,350 $35K NJ $27K US MAJOR PRIVATE SECTOR EMPLOYERS HISTORY Company Industry 2011 Employment 1695: First settlement occurred in Avis Car Rental 2,300 Pompton Plains by the Dutch Siemens Medical Solutions Analytical Instruments 2,100 Honeywell Int’l Inc Industrial Conglomerate 1,400 1739: Formed from portions of Hunter- Allan Industries of NJ Fire Damage Repair 1,200 don; named after Colonel Lewis Morris Automatic Switch Company Solenoid Valves 1,200 1753 Sussex, subsequently Warren Kraft Foods Global Food & Beverages 1,000 carved out of Morris County Budget Rent-a-Car Car Rental 1,000 1800s-Beyond: Morris County changed Basfin Corp Organic Chemical 1,000 industries from iron mining to research, BASF Catalyst Chemical 925 Wyeth LLC Pharmaceutical 850 pharmaceuticals and light mfg. 2010: 9th wealthiest county in the US by FASTEST GROWING EMPLOYMENT SECTORS personal per-capita income, the highest Rank Industry % of new employment rank in NJ 1 Chemical Manufacturing >20% CURRENT POPULATION: 2 Ambulatory Health Care Services 12% 3 Management of Companies and Enterprises 11% 489,112 4 5 Personal and Laundry Services General Merchandise Stores 11% 10% LARGEST EMPLOYMENT SECTORS (TOP 5) Rank Sector Morris NJ U.S. PROJECTED EMPLOYMENT GROWTH 1 Professional & Business Services 21% 15% 13% (2008-2018) 2 Trade, Transportation & Utilities 19% 21% 19% 3 Education & Healthcare Services 13% 23% 14% Morris 2.9% 4 Financial Activities 9% 7% 6% 5 Manufacturing 9% 7% 10% NJ 2.8% LARGEST OCCUPATIONS (TOP 5) Rank Occupation Morris NJ U.S. 1 Office & Admin Support 19% 17% 16% LARGEST MUNICIPALITIES 2011 2 Sales & Related 11% 11% 11%  Parsippany-Troy Hills (53,238) 3 Bus. & Fin. Operations 7% 5% 5%  Mount Olive (28,117) 4 Management 7% 6% 6%  Randolph (25,734) 5 Transportation and Material Moving 6% 7% 7%  Rockaway Twp (24,156)  Roxbury (23,324)  Morristown* (18,411) ETHNICITY/DIVERSITY AGE MEDIAN AGE 83% 41 TAX INFORMATION 2011 32%  Corporate Income Tax = 9% 30% 25%  Personal Income = 8.97% (max)  Sales Tax = 7% 12% 3% 9% 3%  Property Tax = $2,372 per capita 13% Under 25 Other Hispanic/ Black  Median Property Taxes Paid in White Latino 45-64 25-44 county = $7,298 Asian 65+ *county seat www.choosenj.com/morriscounty.pdf
  • 2. MORRIS COUNTY LABOR FORCE & EMPLOYMENT cont’d TRANSPORTATION/MOBILTY EDUCATION ATTAINMENT AVG COMMUTE TIME (MINS) AVAIL TRANSPORTATION SYSTEMS 19% 7% Less than H.S. H.S. Diploma 29 30 NJ 25 US 247 Bus Routes (statewide) Some College CARPOOL 29% 24% 4 Yrs of College > 4 Yrs of College 8.1% 11 Commuter Rail Lines (statewide) 21% COUNTY: US: USE PUBLIC TRANSIT COLLEGE DEGREE 48% COLLEGE DEGREE 28% 4.6% 3 Light Rail Lines (statewide) MILES OF INTERSTATES & ACCESS TO CUSTOMERS LARGEST SCHOOL DISTRICTS HIGHWAYS (MILLIONS) Randolph Grade 12 Enrollment 455 Average Combined SAT score (US :1509) 1654 38,000 100 Within one day drive Morris Knolls 372 1617 MILEAGE TO NEAREST AIRPORT ABOUT NEWARK INT’L AIRPORT Roxbury Morristown West Morris Mendham 370 340 339 1549 1625 1763 21 To Newark Int’l Airport  12th busiest in US (29th worldwide)  34 million passengers (2010)  860 million short tons of cargo Institute INSTITUTES OF HIGHER EDUCATION Type ENROLLMENT Under Graduate 34 To LaGuardia Airport ABOUT LAGUARDIA AIRPORT  25 million passengers (2010)  Smallest of 3 NY Metro Airports  Generates $11 billion in economic graduate activity for NY/NJ County College of Morris 2 Yr 8,798 NA Rutgers Univ (Essex) NJ Institute of Tech (Essex) Fairleigh Dickinson Univ 4 Yr 4 Yr 4 Yr 7,307 5,924 2,480 4,194 2,916 1,025 41 To JFK Int’l Airport ABOUT JFK INT’L AIRPORT  #18 busiest worldwide  467.4 million passengers (2010)  Leading freight gateway to US Drew University 4 Yr 1,739 928 (value of shipments) College of St Elizabeth 4 Yr 1,281 876 MILEAGE TO NEAREST PORT ABOUT PORT OF NY/NJ Institute High School Vocational VOCATIONAL SCHOOLS Enrollment 666 19 To Port of NY/NJ  Largest port on East Coast  3rd Largest port in the US  Handled 5.3 million loaded and Post Secondary Vocational 52 unloaded 20 ft equiv units  Value of cargo that moved COST OF DOING BUSINESS through port exceeds $190 Billion SPACE AVAILABILITY 2011 WAGES Type Sq Ft/Acre Occupancy Costs Occupation Morris NJ Land 1,489 acres $2.89 / sf Building/Grounds Clean & Maint $27,740 $28,180 Industrial 8,081,000 sq ft $6.08 / sf Bus. & Fin. Operations $77,430 $74,470 Office 12,238,000 sq ft $23.96 / sf Computer & Mathematical $88,500 $85,590 Construction and Extraction $59,770 $56,400 UTILITY COSTS Food Prep & Serving related $23,600 $23,650 Type of Utility Cost/Available Providers Rank Management $136,180 $131,770 Gas $2.63 2nd lowest Office & Admin Support $37,870 $36,810 Electric 14.8 cents / Deregulated 7th highest Production $36,600 $35,630 Telecom Varies by location NA Sales & Related $46,080 $43,760 Waste/Sewer Varies by location NA Trnsp and Material Moving $34,170 $33,100 KEY RESOURCES & CONTACTS TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER SOURCES: NJ Department of Labor & US Bureau of Labor Statistics; American Community Survey, 2005-2009 Estimates,; NJ State Police & FBI, Uniform Crime Report; NJ Monthly EconDev@choosenj.com Magazine, 2010; NJ State Department of Education, Spring 2010; Board of Public Utilities; Tax Foundation; Infoplease.com; Travelmath; CoStar; Hoovers; Institute for Energy 609-297-2200 Research; Data current as of May 2012 www.ChooseNJ.com www.choosenj.com/morriscounty.pdf