1. SOMERSET COUNTY, NEW JERSEY
OVERVIEW LABOR FORCE & EMPLOYMENT
CURRENT CIVILIAN UNEMPLOYMENT
LABOR FORCE RATE
181,200 7.4% 9.8% NJ
8.3% US
TOTAL EMPLOYED PER CAPITA PERSONAL INCOME
167,800 $47,100 $35K NJ
$27K US
MAJOR PRIVATE SECTOR EMPLOYERS
Company Industry 2011 Employment
HISTORY
Verizon Business Telecommunications 3,500
1688: Somerset is one of America's Avaya Inc Telecommunications 2,000
oldest counties; named after the Cegedim Dendrite Software Publishing 2,000
English county of Somerset Chubb Insurance Company Fire/Casualty Insurance 2,000
Late 1800s: Somerset Hills became Johnson & Johnson Pharmaceutical 2,000
Sanofi-Aventis Us LLC Pharmaceutical 2,000
popular country home for wealthy
Ortho-McNeil-Janssen Pharmaceutical 1,800
industrialists Somerset Medical Ctr. Gen Med/Surgical Hospital 1,500
1960s: Townships once Met Life Insurance 1,400
agricultural, transformed into suburban Bloomberg LP News Syndicates 1,381
communities
Today: 9th wealthiest county in the US FASTEST GROWING EMPLOYMENT SECTORS
by per capita income (highest in NJ) Rank Industry % of new employment
and 6th in terms of median income 1 Ambulatory Health Care Services 19%
2 Management of Companies and Enterprises 17%
CURRENT POPULATION: 3 Hospitals 15%
4 Nursing and Residential Care Facilities 15%
323,444 5 Heavy and Civil Engineering Construction 6%
LARGEST EMPLOYMENT SECTORS (TOP 5)
PROJECTED EMPLOYMENT GROWTH Rank Sector Somerset NJ U.S.
(2008-2018) 1 Professional & Business Services 22% 15% 13%
2 Trade, Transportation & Utilities 20% 21% 19%
3 Education & Healthcare Services 12% 23% 14%
Somerset 5.7%
4 Manufacturing 10% 7% 10%
5 Financial Activities 8% 7% 6%
NJ 2.8% LARGEST OCCUPATIONS (TOP 5)
Rank Occupation Somerset NJ U.S.
1 Office & Admin Support 17% 17% 16%
LARGEST MUNICIPALITIES 2011
2 Sales & Related 12% 11% 11%
Franklin Twp (62,300) 2 Management 9% 6% 6%
Bridgewater Twp (44,464) 4 Bus. & Fin. Operations 7% 5% 5%
Hillsborough Twp (38,303) 5 Computer & Mathematical 6% 3% 2%
Bernards Twp (26,652)
Montgomery Twp (22,254)
Somerville*(12,098) ETHNICITY/DIVERSITY AGE MEDIAN AGE
70% 40
TAX INFORMATION 2011 32%
Corporate Income Tax = 9% 29%
27%
Personal Income = 8.97% (max) 14%
Sales Tax = 7% 13% 12%
9%
Property Tax = $2,372 per capita 4%
Under 25
Hispanic/
Median Property Taxes Paid in
Latino
White
45-64
25-44
Asian
Black
Other
county = $7,421
65+
*county seat www.choosenj.com/somersetcounty.pdf
2. SOMERSET COUNTY LABOR FORCE & EMPLOYMENT cont’d TRANSPORTATION/MOBILTY
EDUCATION ATTAINMENT AVG COMMUTE TIME (MINS) AVAIL TRANSPORTATION SYSTEMS
8%
Less than H.S.
H.S. Diploma
31 30 NJ
25 US 247 Bus Routes
(statewide)
21%
Some College CARPOOL
23%
28%
4 Yrs of College
> 4 Yrs of College 9.9% 3 Commuter Rail Lines
(Raritan
Valley, Gladstone, Northea
20% USE PUBLIC TRANSIT st Corridor)
COUNTY: US:
COLLEGE DEGREE
50%
COLLEGE DEGREE
28% 5.7% 3 Light Rail Lines
(statewide)
MILES OF INTERSTATES & ACCESS TO CUSTOMERS
LARGEST SCHOOL DISTRICTS HIGHWAYS (MILLIONS)
Bridgewater-Raritan
Grade 12
Enrollment
651
Average Combined
SAT score (US :1509)
1639
38,000 100 Within one
day drive
Hillsborough 595 1664 MILEAGE TO NEAREST AIRPORTS ABOUT NEWARK INT’L AIRPORT
14th busiest in US (37th worldwide)
Franklin Township
Watchung Hills
Montgomery
477
464
411
1394
1678
1782
23 To Newark
Int’l Airport 34 million passengers (2011)
812,000 short tons of cargo
INSTITUTES OF HIGHER EDUCATION
ENROLLMENT
40 To LaGuardia
Airport
ABOUT LAGUARDIA AIRPORT
24 million passengers (2011)
20th Busiest in US
Institute Type Under Graduate Generates $11 billion in economic
graduate activity for NY/NJ
Rutgers Univ (Middlesex) 4 Yr 29,095 8,271
Raritan Valley CC
College of NJ (Mercer)
2 Yr
4 Yr
8,458
6,237
NA
742 42 To JFK Int’l
Airport
ABOUT JFK INT’L AIRPORT
#17 busiest worldwide
47.7 million passengers (2011)
Princeton (Mercer) 4 Yr 5,113 2,479 Leading freight gateway to US (by
value of shipments)
VOCATIONAL SCHOOLS MILEAGE TO NEAREST PORT ABOUT PORT OF NY/NJ
Institute
High School Vocational
Post Secondary FT/PT Vocational
Enrollment
529
316
25 To Port of
NY/NJ
Busiest port on East Coast
(3rd in US)
Handled 5.3 million loaded and
unloaded 20 ft equiv units
Value of cargo that moved
COST OF DOING BUSINESS through port exceeds $190 Billion
UTILITY COSTS 2011 WAGES
Type of Utility Utility Provider Cost Occupation Somerset NJ
Gas $2.63 2nd lowest Bus. & Fin. Operations $74,830 $74,470
Electric 14.8 cents / Deregulated 7th highest Computer & Mathematical $85,770 $85,590
Telecom Varies by location NA Food Prep & Serving Related $23,690 $23,650
Waste/Sewer Varies by location NA
Healthcare Practitioners $85,110 $83,800
Management $130,750 131,770
KEY RESOURCES & CONTACTS Office & Admin Support $36,350 $36,810
Production $35,880 $35,630
TRACYE MCDANIEL | PRESIDENT AND CHIEF EXECUTIVE OFFICER Personal Care & Service $28,040 $27,970
MICHAEL CHROBAK | CHIEF ECONOMIC DEVELOPMENT OFFICER Sales & Related $43,360 $43,760
Trnsp and Material Moving $32,130 $33,100
EconDev@choosenj.com
609-297-2200
www.ChooseNJ.com SPACE AVAILABILITY
Type Sq Ft/Acre Occupancy Costs
SOURCES: NJ Department of Labor & US Bureau of Labor Statistics; American Land 1103 acres $3.52 / sf
Community Survey, 2005-2009 Estimates,; NJ State Police & FBI, Uniform Crime
Report; NJ Monthly Magazine, 2010; NJ State Department of Education, Spring 2010;
Industrial 4,331,000 sq ft $4.99 / sf
Board of Public Utilities; Tax Foundation; Infoplease.com; Travelmath; CoStar; Office 6,396,000 sq ft $23.48 / sf
Hoovers; Institute for Energy Research; Data current as of May 2012
www.choosenj.com/somersetcounty.pdf