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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
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

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  • 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