NEW JERSEY ADVANCED MANUFACTURING

1 Why for ADVANCED MANUFACTURING?

We are a state of Connected location Innovative manufacturing Full breadth of A place for every with distinct ecosystem manufacturing talent employee innovators. From infrastructure assets the incandescent light bulb to ground- Reach a third of US Join a diverse and growing Access 245,000+ high- Offer employees access to consumers within a 1-day ecosystem of 2,500+ skilled and blue collar the #2 ranked pre-K-12 breaking cancer research, drive of New Jersey advancedc manufacturing manufacturing workers education system in the New Jersey has been and firms that call NJ home and needed across your nation are doubling down here business remains, a place where human ingenuity Enjoy unmatched regional Locate in the center of a Get access to a talent Provide employees with a and global connectivity robust Mid-Atlantic pool that is highly choice of commutable city, flourishes. with unparallel access to advanced manufacturing diverse and truly global small town, country, and the Northeast Corridor and economy, focused in the coastal living - Phil Murphy ~600 nonstop flight sectors that matter most, and Governor destinations1 offering real local advantages

Take advantage of the Benefit from Governor Tap into NJ’s robust All this at a fraction of the largest port on the East Murphy’s pro-growth workforce pipeline cost of New York and Coast and our best-in-class manufacturing agenda and including 150+ higher Philadelphia – and just a digital infrastructure an ecosystem of supports education institutions short train ride away

1 Includes Newark Liberty International Airport, Philadelphia International Airport, John F. Kennedy International Airport, and LaGuardia International Airport 2 CONNECTED LOCATION WITH DISTINCT 1/3RD OF THE US AT THE HEART OF RAIL AND ROAD INFRASTRUCTURE WITHIN A 1-DAY THE NORTHEAST NETWORKS ASSETS DRIVE CORRIDOR WITH CONNECTING MAINE ACCESS TO THE #1 TO FLORIDA WITH AIRPORT SYSTEM1 THE #1 PORT ON THE IN THE US EAST COAST IN THE #1 DIGITALLY- CONNECTED STATE

1 Includes Newark Liberty International Airport, Philadelphia International Airport, John F. Kennedy International Airport, and LaGuardia International Airport

3 WORLD-CLASS LOCATION AND INFRASTRUCTURE ASSETS

~1 day drive ~107 million People – and thousands of

~half day drive retailers and suppliers – within an 11-hour drive1 33% of the entire There are many benefits of operating in New of the entire Jersey. We bring in paper from all over the US pop. within world, so it’s important for us to be near the US pop. within major ports. We also ship internationally, so we a a 1-day must be close to proficient transportation. driving We’re located less than an hour from airports driving and . shift shift - Lisa Hirsh President and CEO Accurate Box Company

1 From Port Newark Container Terminal; 11 hours represents the maximum number of hours for a typical truck driver shift

SOURCE: Experian 4 CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE At the heart of the Northeast corridor, next to NYC and Philadelphia Train times from Newark Penn Station

Boston hours ~4 Day trips by train to Washington DC and Boston

Newark New York ~20 min $2.8 trillion GDP within 150 miles1 Trenton ~40 min (15% of US) Philadelphia ~1.5 hours

Baltimore ~2 hours 38 million Washington, DC ~3 hour consumers1 within 150 miles

NOTE: All train times referenced from Newark Penn Station 1 Includes the GDP and population of counties whose centers are within 150 miles of New Jersey

Source: Moody’s Analytics 5 CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE Easy access to employees, clients, and customers across the globe

340+ NONSTOP DOMESTIC DESTINATIONS

260+ NONSTOP INTERNATIONAL DESTINATIONS

SOURCE: Diio Mi - Includes Newark Liberty International Airport, Philadelphia International Airport, John F. Kennedy International Airport, and LaGuardia International Airport 6 CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE Unmatched physical infrastructure assets

EWR Airport

FTZ #49 FTZ #44 JFK Airport Port Newark/ LGA Airport Elizabeth Bayonne

FTZ #235

FTZ #200

Busiest airport #1 largest port 5 strategically PHL Airport FTZ #142 1 Port of system in the US on the East Coast located Foreign Camden Port of (Port of Newark) Trade Zones Paulsboro Port of throughout the Salem State

1 Includes Newark Liberty International Airport, Atlantic City International Airport, JFK International Airport, LaGuardia Airport and Philadelphia International Airport

SOURCE: 2018 Port Performance Report, Department of Transportation; State of NJ Business Portal, Airports International Council (ACI) 7 CONNECTED LOCATION WITH DISTINCT INFRASTRUCTURE Best-in-class Digital Infrastructure

#1 #2 #2 in % of population with in average download in % of population with access to wired speed access to fiber-optic broadband of 25 mbps (59.4 mbps) internet (66.2%) or faster (99.1%)

SOURCE: Broadbandnow.com, retrieved in June 2019; #1 average download speed in Maryland (~60.3 mbps) and #1 in % access to fiber is Rhode Island (~85%) 8 RICH, DIVERSE AND GROWING ECOSYSTEM OF 2,500+ ADVANCED MANUFACTURING FIRMS

INNOVATIVE STRATEGIC ADVANTAGES WITHIN MANUFACTURING A ROBUST REGIONAL MANUFACTURING ECONOMY ECOSYSTEM

A CLEAR, PRO-GROWTH COMMITMENT TO ADVANCED MANUFACTURING WITH REAL SUPPORTS IN PLACE

9 INNOVATIVE MANUFACTURING ECOSYSTEM Home to leading advanced manufacturing companies 2,500+ advanced manufacturing firms in NJ Biopharma & Select medical device examples

Chemical

Food

Computer & electronic product

Fabricated metal

Machinery

Other advanced manufacturing

Note: Companies on map reflect a sample of companies HQ in New Jersey from Capital IQ | 1 Based on number of firms - defined as an organization consisting of one or more domestic establishments in the same state and industry that were specified under common ownership or control

SOURCE: Capital IQ, 2016 Statistics of U.S. Businesses (SUSB) 10 INNOVATIVE MANUFACTURING ECOSYSTEM A diverse advanced manufacturing economy that is on the rise

Fabricated Machinery metal Computer & 4% electronic product 5% 7%

Biopharma & Food 10% 43% $37B medical device 6.3% (6.8% of total GDP) All other 13% GDP growth in NJ advanced manufacturing 18% since 2013

Chemical

1 Petroleum and Coal Products Manufacturing, Glass and Glass Product Manufacturing, Electrical Equipment Manufacturing, Motor Vehicle Parts Manufacturing, Aerospace Product and Parts Manufacturing, Ship and Boat Building

SOURCE: Moody’s Analytics 11 INNOVATIVE MANUFACTURING ECOSYSTEM

NOT EXHAUSTIVE Leading companies are doubling down here

New 100,000 sq. ft. facility with office and New 18,000 sq. ft. facility in Irvington, with Doubling of zinc sulfate manufacturing Major expansion, creating 410 advanced meeting space and aerospace application center new machinery to help expand services capacity in Old Bridge, NJ manufacturing jobs in Kearny, NJ Global high technology Metal components Largest American cooper and Technology and supply chain engineering group manufacturer zinc compound manufacturer manufacturing startup

2016 2017 2018 2019

Water and wastewater Large defense contractor Multinational auto- Glass recycling treatment resin manufacturer motive manufacturer technology provider Relocation of HQ and construction of two Commitment to add 300 Purchase of 96 acres of land in New 250,000 sq. ft processing new manufacturing plants in Camden, NJ engineering and other high-paying Bordentown to build a 1,300,000 plant in Andover Township (world’s jobs in South Jersey sq. ft distribution center largest glass recycling facility)

SOURCE: Company press releases; Note Sandvik expansion occurred in 2014 12 INNOVATIVE MANUFACTURING ECOSYSTEM Located in a robust Mid-Atlantic manufacturing economy and focused in the sectors that matter most

Mid-Atlantic NJ

Percent of advanced manufacturing GPD, 2018

Biopharma & 26% medical device 43%

Computer & 16% electronic product 7%

14% Chemical 18% + in advanced manufacturing 11% $270 Food GDP across the 10% billion Mid-Atlantic1 Fabricated 10% of advanced manufacturing metal 5% GDP across the Mid-Atlantic1 23% 77% concentrated in 5 sectors All other 17%

1 Includes New Jersey, Massachusetts, Pennsylvania, New York, Maryland, Virginia, Connecticut, Rhode Island, Delaware

SOURCE: Economic Modeling Specialists Intl. (EMSI) 13 INNOVATIVE MANUFACTURING ECOSYSTEM Among the best places in the Mid-Atlantic to create products and get them to customers quickly

Abundant manufacturing spaces to create… …and an ability to get products to customers fast Total industrial manufacturing square footage, 2019 Pennsylvania 289 M # New York 259 M 1 New Jersey 162 M port on the East Coast, with Massachusetts 125 M nearly 2X the volume of Virginia

Conneticut 122 M Virginia 107 M #2 Rhode Island 39 M

Maryland 39 M distribution and warehousing capacity in the Mid-Atlantic Delaware 13 M (680+ million sq. ft)

Source: CoStar, 2Q 2019; United States Department of Transportation 14 INNOVATIVE MANUFACTURING ECOSYSTEM Governor Murphy’s economic development plan for the future

Investing in PEOPLE, including robust workforce supports to train the workers of the future Investing in COMMUNITIES, including making significant investments in expanding New Jersey’s robust infrastructure and invigorating its cities Supporting INNOVATION by creating clear sector priorities and specific programs to support companies within those sectors MAKING GOVERNMENT WORK BETTER by reducing the time, cost, and complexity of doing business in New Jersey

SOURCE: NJEDA, Stronger and Fairer Economy Plan 15 INNOVATIVE MANUFACTURING ECOSYSTEM We have the supports needed to help advanced manufacturing companies thrive

TAILORED WORKFORCE PROGRAMS

Pro-action Education Network ECOSYSTEM OF A NETWORK OF SUPPORTIVE ADVANCED INSTITUTIONS AND PROGRAMS MANUFACTURING SUPPORT

SUPPORTS FOR INNOVATION AND RESEARCH

Center for Manufacturing Systems

Makerspaces across the State

16 LARGE AND ACCESSIBLE 245,000+ TALENT POOL Advanced manufacturing workers at the ready

FULL BREADTH OF TRULY DIVERSE 36% MANUFACTURING POPULATION female share of advanced TALENT manufacturing workforce (vs. 27% nationally)

150+ PIPELINE OF TOP TALENT higher education institutions supporting range of workforce needs

SOURCE: BLS, US Census Bureau, WalletHub 17 FULL BREADTH OF MANUFACTURING TALENT Hundreds of thousands already working in New Jersey’s advanced manufacturing industry

NJ distribution of occupations in the manufacturing sector % of NJ employment in the manufacturing by occupation, 2018 Architure & Sales Engineering We’re proud to continue 5% Managers 5% contributing to the manufacturing comeback…in 6% Trenton and the launch of our Transportation & new division allows us to hire new material moving 10% ~245,000 employees while maintainingz the 46% Production Manufacturing loyal and multi-generational industry workforce who have made 13% workers Switlik the continuing Other success it is today. - Stanley Switlik II 15% CEO Administrative SWITLIK Survival & financial Products

1 Of the 16% in the other category, 45% are in medical equipment and supplies, 18% in glass and glass products, 12% in other motor, 12% petroleum and coal, 7% electrical equipment, 6% aerospace product and parts, and 12% other motor vehicle

SOURCE: 2018 Occupational Employment Statistics, Bureau of Labor Statistics 18 FULL BREADTH OF MANUFACTURING TALENT

Deep pool of advanced 113+,000 12,000+ 11,000+ manufacturing First-Line Workers employed Assemblers3 workers at Supervisors2 in production projected to grow the ready 1 projected to grow 3% occupations 5% in the decade in the next decade -3% -2% -1% -15% -11% -9% MA PA NY MA NY PA

1 Includes production occupations within manufacturing only | 2 Includes first-line supervisors of production and operating workers across sectors | 3 Includes assemblers and fabricators, all other, including team assemblers across sectors

SOURCE: Economic Modeling Specialists Intl. (EMSI) 19 19 FULL BREADTH OF MANUFACTURING TALENT Diverse talent needed to compete in a globally diverse world

# WHERE DIVERSITY %1 7 THRIVES… 40 OVERALL RACIAL FOREIGN-BORN AND ETHNIC RESIDENTS HAVE A DIVERSITY BACHELOR’S DEGREE OR HIGHER #1 #1

MOST IN K-12 STUDENTS ETHNICALLY ENROLLED IN DIVERSE CITY th FOREIGN IN THE US 31% 4 LANGUAGE (JERSEY CITY) CLASSES SPEAK A ...AND INTERNATIONAL IN THE NATION LANGUAGE OTHER RESIDENTS ARE WELCOME FOR LINGUISTIC THAN ENGLISH AT DIVERSITY (~2 MILLION OF THEM!) HOME

1 United States average is 32%

SOURCE: WalletHub, American Community Survey, IPUMS, American Councils 20 FULL BREADTH OF MANUFACTURING TALENT Access to 150+ premier higher education institutions

Select top universities and Doctoral universities noted below $6.6 billion R&D expenditures1 150+ institutions in the region1 25 Doctoral universities1,2

#1 University in the country and 1,3 1 New Jersey region includes New Jersey state, New York-Newark-Jersey City, NY-NJ-PA MSA and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA 3 of top 10 2 Includes universities under Carnegie classification: Doctoral Universities: Very High Research Activity, Doctoral Universities: High Research Activity 3 Includes Princeton, Columbia University and University of Pennsylvania

SOURCE: Carnegie Classification of Higher Education Institutions, Higher Education Research and Development Survey (National Science Foundation), The Integrated Postsecondary Education Data System (IPEDS), US News 21 Newark Jersey City

TRANSIT-RICH, DIVERSE BUSTLING, NEIGHBORHOODS GROWING CITIES

Montclair Hoboken

A PLACE FOR

EVERY Collingswood Asbury Park EMPLOYEE

Princeton Ocean City ACCESSIBLE, COASTAL SMALL TOWNS ENCLAVES

22 A PLACE FOR EVERY EMPLOYEE Montclair A safe and vibrant suburb with incredible schools, world-class dining options, and direct access to New York City

17 12.5 miles from student-teacher ratios Midtown

A DISTINCTIVE 86% COMMUNITY bachelor’s degree 7 1 or higher Parks and nature reserves

Top suburb 20 Downtown Montclair in America to raise a family

1 Refers to Upper Montclair specifically. Parks include Anderson Park, Park, the Bonsal Nature Reserve, Mountainside Park, the Presby Memorial Iris Gardens, and parts of and Brookdale Park

SOURCE: TownFacts, Niche, Township of Montclair 23 A PLACE FOR EVERY EMPLOYEE The #2 Pre-K-12 education system in the country

Compared to… of the top 30 ranked in 2 school districts Pre-K-12 10 25 33 37 2 education1 of the top 20 high PA NY TX CA 3 schools in the US

1 Score based on pre-Kindergarten enrollment, NAEP scores, 8th grade English scores, pre-K quality score, and college readiness. Massachusetts is ranked #1.

SOURCE: US News, Niche 24 A PLACE FOR EVERY EMPLOYEE A short train ride from New York City but significantly more affordable

Typical savings moving from Manhattan to Newark % savings vs. original dollar spend If your income in Manhattan is… Housing 70% savings ~$100,000 after taxes Groceries 24% savings

Transportation 13% savings Moving to Newark would get you… Utilities 10% savings ~$200,000 of purchasing power Healthcare 10% savings

SOURCE: C2ER (Council for Community and Economic Research), “Cost of Living Index,” January 2019 25 A PLACE FOR EVERY EMPLOYEE Access to New York City and all of its amenities at a fraction of the cost

Easy access to New York City… …at New Jersey prices Weekday commute time to Midtown Manhattan (Penn Station), minutes Median market rent ($ per month, 2019)

Montclair Legend Midtown Manhattan $4,637 ~ 1 hour Destination Nearby in NJ Nearby in NY

Upper West Side $4,249 Upper West Side 19m NEW JERSEY Upper East Side $4,081

Upper East Side NEW YORK 20m Downtown Brooklyn $3,030 Hoboken 18m Midtown Manhattan Newark Hoboken $2,817 18m Jersey City NEW YORK 26m Montclair $2,457

$2,087 Downtown Brooklyn Jersey City

28m NEW JERSEY Newark Airport Newark $1,533 26m

SOURCE: Google Maps estimates via public transportation at 8:00 am on Monday morning; in cases where time range is provided, estimate uses average of low and high range; rent data from Zillow Rent Index (April 2019); not standardized by square feet or number of bedrooms given sample size (not able to get more detailed estimates for Montclair or Newark) 26 A PLACE FOR EVERY EMPLOYEE Endless opportunities for leisure

130 #1 9,000 55 miles of beach town farms Historical sites coastline in America1

400+ 216 930 4 Lakes, pond & golf courses miles of hiking Zoos and reservoirs botanical gardens

28 16 144 State parks theme parks Museums

3 10 ski mountains sports stadiums

1 America’s Happiest Seaside Town SOURCE: Stockton University, State of New Jersey Department of Environment Protection, GolfMax, FunNewJersey.com, Coastal Living, Department of State, Division of Travel and Tourism, State of New Jersey, New York-New Jersey Trail Conference, JerseyFresh, Institute of Museum and Library Services 27 A PLACE FOR EVERY EMPLOYEE A progressive agenda that helps attract diverse, highly-skilled talent

28 SUPPORT PROGRAMS A true partner for your business with supports to help at every stage

GET STARTED GET ESTABLISHED GROW

Targeted financing programs for Innovative supports for growth Venture funding and loan young companies companies programs to help companies scale

The support we’ve received from the The NJEDA has been instrumental in State has not only helped us grow, but supporting our growth, and we are has enabled us to enhance our confident that our participation in NJ platform, thereby helping more Ignite will allow us to draw new tenants advisors and investors. to Indiegrove. John Michel Zahra Amanpour CEO, CircleBlack Founder, Indiegrove

SOURCE: NJEDA press releases and announcements 29 We’d love to connect with you!

Frank Danieli Business Development Officer Phone: +1 609-297-2196 Email: [email protected]

Eric Solomon Kevin DeSmedt Project Officer, Economic Senior Policy Analyst Transformation Phone: +1 609-858-6094 Phone: +1 609-649-4440 Email: [email protected] Email: [email protected]

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