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

2. #2 Ranked Cluster in U.S. JLL Cluster Study 2011

3. NJ Life Sciences Vendors

4. 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

5. 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 taxes
Source: 2011 HINJ Survey