New Jersey - Global Innovation Hub

2:15 PM - 2:30 PM, Tuesday, June 4, 2019 ・ Theater 4
Why is New Jersey recognized as an undisputed leader in life sciences? Just look at the numbers. With more than 3,280 facilities in operation, the State’s life sciences sector directly employs over 117,260 people, with an estimated annual contribution to New Jersey’s economy of $47.5 billion – 86% higher than the national average. Home to the headquarters or major facilities of 13 of the top 20 biopharmaceutical companies in the world, New Jersey’s life sciences ecosystem includes robust biopharmaceutical and medical technology sectors. It also includes world-class universities and research institutions and some of the best research and teaching hospitals in the country, including Hackensack University Medical Center. New Jersey’s economy is 89% more concentrated in the biosciences than the national average and is the only state where this high degree of specialization spans four of the five major industry subsectors—drugs and pharmaceuticals; research, testing, and medical devices.
Vice President, Technology and Life Sciences Investments
New Jersey Economic Development Authority