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NJ Future Forum 2012 Industry Clusters Paranicas


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

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NJ Future Forum 2012 Industry Clusters Paranicas

  1. 1. #2 Ranked Cluster in U.S. JLL Cluster Study 2011
  2. 2. NJ Life Sciences Vendors
  3. 3. 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
  4. 4. 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 taxesSource: 2011 HINJ Survey