Why are Life Sciences Companies Flocking to Middlesex County, NJ?
A growing hub for innovation continues to attract cutting-edge businesses and talent
At a time when the world is facing economic uncertainty, Middlesex County, NJ is moving decisively ahead with its economic development plans for 2021 and beyond. The County’s strong AAA bond rating, serving as an unparalleled cornerstone of assurance for businesses and residents, coupled with the interconnected elements that comprise the County’s vibrant ecosystem for economic development put Middlesex County in an advantageous position compared to other regions across the U.S. While many regions throughout the country claim some of these components, Life Sciences companies recognize that their chances of success are greater when all of these components are strong.
“We visited 20 locations before choosing Middlesex County. We made our selection based on the talent pool, cost of doing business, access to ‘plug and play’ lab facilities, the existing life sciences community, and access to Rutgers research and graduates” said Jeffrey Zhao, Chairman of Notitia Biotechnologies, a life sciences company based in Middlesex County.
The County’s vision for economic development accommodates the anticipated demands of new and existing life sciences companies not only in intent, but in practice. Its recognition that companies in this industry will increasingly develop and adopt new technologies, ensures that Middlesex County is advancing to satisfy these demands as rapidly as the industry itself presents them. Middlesex County’s sound business infrastructure offers cost efficiency in terms of conducting business, in comparison to New York, Boston and San Francisco, while its location, less than an hour from Manhattan, is a significant consideration for businesses seeking access to investment and capital. The life sciences industry in Middlesex County enjoys the benefits of tapping into the vast talent pool of life sciences graduates from Rutgers University each year, complemented by those from the County’s nationally ranked public education institutions.
“Visikol benefitted tremendously from the resources we had access to in Middlesex County. The backing Rutgers provided, along with the funding, technical and administrative support we received from the Foundation Venture Capital Group in Plainsboro Township, were critical to our success,” said Visikol CEO, Dr. Michael Johnson.
Middlesex County’s Director of Business Engagement, Sandy Castor points out that Middlesex County has clearly distinguished itself among county governments by ensuring that the County has a place at the table alongside businesses in the thriving life sciences industry, as a partner in their growth and success. “The ecosystem we’re curating is conducive not only to the research dimension, but also to the development and deployment aspects of life sciences businesses. Middlesex County has a particularly skilled and visionary workforce, and businesses in the County benefit tremendously from our academic resources, as well as from the technical assistance at their disposal,” said Castor. “Leveraging all of these qualities for the benefit of our businesses and our residents ensures that Middlesex County is clearly positioned for the future, serving as a facilitator and partner for innovative businesses seeking to lead the way,” she continued.
Drawing on its long history of innovation in healthcare, pharmaceuticals and life sciences since the early 1800’s Middlesex County continues to be a force multiplier, while sustaining a high quality of life for its residents as a result. From helping organizations find the right office and lab space, to workforce staffing and training, the partnership between Middlesex County, local businesses and Rutgers University is critical within the life sciences ecosystem, creating an environment for innovation and growth.
Companies interested in pursuing more information about Middlesex County’s economic development engagement with the life sciences industry can contact the Middlesex County Office of Business Engagement at [email protected].
Visit discovermiddlesex.com/biz for more information.