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State, Provincial, & International Reviews

Wednesday, July 25 2018

By Jose Lozano, President and CEO, Choose New Jersey, Inc.

When Amazon opened its first New Jersey distribution facility in Robbinsville in 2014, eCommerce was not yet a driver of our State or National economy. With total retail sales estimated at nearly $305 billion nationwide, according to the U.S. Census Bureau, it accounted for just 6.5 percent of all retail sales.

Fast forward to today: eCommerce retail sales have grown exponentially, reaching an estimated $453.5 billion in 2017 – an increase of 16 percent year-over-year following a 14 percent increase in 2016. Today eCommerce represents approximately nine percent of all retail sales in the U.S. and is growing. 

Eight in ten Americans now shop online, with 29 percent of U.S. internet users shopping online at least once a week. Analysts predict that the double-digit growth of eCommerce will continue through 2020, when sales in the U.S. are projected to grow to more than $684 billion. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:01 am   |  Permalink   |  Email
Monday, July 24 2017

By Michele Brown, President and CEO, Choose New Jersey, Inc.

When Hurel Corporation outgrew its incubator space at the Commercialization Center for Innovative Technologies (CCIT) in North Brunswick, New Jersey in 2016, it marked an important milestone for the biotechnology company.

After a little more than five years at CCIT, Hurel graduated from the incubator with best-in-class technology and a promising future to intermediate lab space that was available at the same research campus. Hurel’s CEO, Robert Freedman, attributes his company’s success to the variety of resources available in New Jersey including access to affordable lab space, access to funding, as well as a supportive ecosystem that encourages discovery.

The story of Hurel’s rise out of the incubator is not unique in New Jersey. While New Jersey is home to the headquarters or major facilities of 13 of the top 20 biopharmaceutical companies in the world, biotech companies of all sizes are thriving here. In fact, more than 40 start-up biotechnology companies have graduated from CCIT alone since the incubator opened in 2002, including high profile graduates like Celgene, Advaxis, Chromocell and Amicus Therapeutics. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:00 am   |  Permalink   |  Email
Tuesday, July 26 2016

A Strategic Location and Powerful Assets Make New Jersey a Natural Fit for Foodies

By Michele Brown, President and CEO, Choose New Jersey, Inc.

New Jersey is known as the Garden State for good reason. With more than 10,300 farms spread across 730,000 acres, it ranks among the top producers of cranberries, bell peppers, spinach and peaches in the United States. It is the birthplace of the legendary New Jersey tomato, which since 1934 has found its way into a variety of condiments, sauces and soups, including iconic Campbell’s Tomato Soup.

Growth is the operative word: It’s not just fruits and vegetables that are growing in the Garden State. In addition to Campbell Soup Company, which has been headquartered in New Jersey since 1869, more than 1,900 food manufacturing companies and thousands of food distribution centers, retailers and restaurants now call New Jersey home. In fact, food is one of the fastest growth segments of the state’s economy. 

Why? A growing number of food companies are finding that the Garden State has the location, assets and resources that make it a perfect fit for foodies.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:00 am   |  Permalink   |  Email
Wednesday, July 29 2015

When companies want global access, they choose the Garden State

What do Goya Foods and Amazon have in common? Both have invested millions of dollars to expand their distribution operations in New Jersey within the past few months.

In April, Goya officially opened a new $127 million Northeast headquarters and distribution facility on a 40-acre site in Jersey City, featuring a 600,000-square-foot warehouse for distribution.

Just a few weeks later, Amazon announced it would add a new facility in New Jersey, a one million-square-foot fulfillment center in Carteret, to add to the one it opened last year in Robbinsville. Amazon’s total footprint in the state will be 2.5 million square feet — the size of 43 football fields.

From food to e-commerce, companies rely on New Jersey’s world-class infrastructure to deliver their products to the world.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 11:27 am   |  Permalink   |  Email
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Our content is from many sources and not warranted to be accurate or current. 
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