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