Life Sciences
With such a strong presence in pharmaceuticals, biotechnology, and healthcare, New Jersey is the key hub for the life sciences industry.
Major pharmaceutical companies such as Johnson & Johnson, Merck, and Bristol-Myers Squibb have a standing history in the state due to their proximity to major research universities, global markets, and a business-friendly environment. With top-tier academic and research institutions and cutting-edge training programs, New Jersey’s life sciences workforce remains at the forefront. These higher education institutions create an ecosystem that brings medicine, medical devices, and translational medicine to the market.
Strategic mergers and partnerships with companies like Novartis and Amgen will further amplify the state's growth. These corporate expansions bring the state new investments, talent, and infrastructure. After investing in ResearchWithNJ.com, this portal provides NJ with information on subject matter experts, facilities, publications, intellectual property, news, and events. This will help users forge partnerships and build innovative new businesses and products, all with the vision of accelerating scientific and technological breakthroughs.
The state’s leadership is committed to supporting and growing its life science sector, which has been a cornerstone of its economic development efforts over the past several years. The NJEDA also invested in the development and, construction of the 120,000-square-foot life sciences, health care, and tech innovation hub at SciTech Scity. The campus will provide a space for a community of tech entrepreneurs, scientists, and students to collaborate. Through its Strategic Innovation Centers, the State is funding facilities that bring together industry and higher education partners to solve problems in new and innovative ways.
In 2023, the Life Sciences industry in New Jersey employed around 115,000 people across various sectors, contributing to a big portion of the state's economy. The state's life sciences workforce covers jobs in research and development, manufacturing, sales, and clinical testing.
The overall employment rate in the life sciences sector has been increasing, especially as the biotechnology and pharma industries continue to grow. This growth is reinforced by New Jersey's location near major cities like New York and Philadelphia, a highly educated workforce, and favorable state policies for innovation and business development.
As this sector continues to expand, the skills needed for these jobs will require employees with advanced scientific knowledge, strong analytical skills, and technical expertise is expected to remain high. Moreover, with the rise of personalized AI-driven drug discovery, digital and AI literacy will become more prevalent. The LDI offers courses that will aid in developing these skills.
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