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Economy


Welcome > Local Info > Relocating? Economy...

Find Out More About the Central New Jersey Economy & Job Market
 

"Somerset, Hunterdon, and Middlesex, NJ Counties will be among New Jersey's strongest employment growth areas this year, powering a statewide job recovery that should last into the next century."
- Rutgers University forecast, July 1997

Facts about the New Jersey Economy

  • New Jersey is the 8th largest state economy.
  • New Jersey is now the eighth largest exporting state.
  • There are 60 million consumers within a 250-mile radius of New Jersey.
  • In 2000, 12 of 33 FDA-approved drugs were credited to New Jersey based pharmaceutical companies.
  • New Jersey has 55 colleges and universities, including Princeton and Rutgers Universities and The New Jersey Institute of Technology.
  • Somerset County had an unemployment rate of 2.1% in 2000 as compared to a nationwide rate of 5.8%
  • More than 20 Fortune 500 companies are headquartered in New Jersey.
  • The national headquarters for Fortune 500 companies, AT&T and Johnson & Johnson, are both located in Central New Jersey.


Central New Jersey's Top 20 Employers

1. AT&T (National Headquarters) Telecommunications Somerset, Hunterdon, Middlesex &Union Counties 23,000
2. Lucent Technology Equipment Telecommunications Warren, Berkeley Heights, New Providence, Bernards 16,500
3. Johnson&Johnson (National Headquarters) Pharmaceuticals & Healthcare Products Bridgewater, Raritan Borough, Montgomery, North Brunswick, Warren 11,000
4. Rutgers University Education New Brunswick, Piscataway 8,403
5. Merck & Co. Pharmaceutical Readington, Franklin, Woodbridge, Rahway 7,403
6. Schering Plough Pharmaceutical Bernards, Union, Kenilworth 5,670
7. Telcordia Telecommunications Piscataway 5,022
8. University of Medicine and Dentistry of NJ Education New Brunswick, Piscatatway 4,391
9. Merrill Lynch Financial Franklin, Piscataway, Somerville, Westfield 3,831
10. R.W. Johnson University Hospital Medical New Brunswick 3,574
11. Chubb & Son, Inc. Insurance Warren, Branchburg, Bridgewater, New Providence 3,000
12. St. Peter's University Hospital Medical New Brunswick 2,702
13. Overlook Hospital Medical Summit 2,700
14. Bristol-Myers Squibb Pharmaceuticals New Brunswick 2,200
15. MetLife Insurance Somerset, Hunterdon Counties 2,000
16. Foster Wheeler Construction Clinton, Union, Lebanon 1,999
17. Somerset Medical Center Medical Somerville 1,712
18. Hunterdon Healthcare System Medical Raritan Borough 1,700
19. Novarits Pharmaceutical Summit 1,450
20. Solaris Health Systems (Muhlenberg) Medical Plainfield 1,450

Request our Free Bridgewater, Basking Ridge and Somerset County Relocation Package. It's packed full of useful and important information about the Bridgewater, Basking Ridge and Somerset County, New Jersey area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out...
 

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Real Estate Tips
Time to Move >Planning the Move

The custom of relying on friends to help make a move from one place to another has been replaced by reliance on professional movers.

Professional moving companies offer a wide range of service options, including professional packing. It could cost you less if you pack your things in your own containers. However, some movers will not insure fragile items, such as dishes or glassware, if they do not pack them.

Begin your preparations for the move by calling several companies for estimates. And start early! Some companies want three-to-six weeks advance notice. Ask each company how they compute the charges, how much time they expect the move to take, and what kind of insurance coverage they offer against loss or damage. If you have to store your things temporarily, ask what arrangements can be made.

Long-distance movers may send a representative to your home for an estimate, while local companies may quote an hourly rate over the phone. Be sure to ask the same questions of each company so that when you compare bids you will be using the same criteria.

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Real Estate Trivia
Q 
Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?

A 
George Washington, the first President of the United States.
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John Bendall, REALTORŪ, real estate agent and broker for Bridgewater, Basking Ridge and Somerset County, New Jersey home listings, property and land for sale - NUMBER1EXPERT

John Bendall
RE/MAX Classic Group

Branchburg office- 3322 Rte 22 West Suite 908
Basking Ridge office- 47 S. Finley Ave
West Milford office- 1499 Union Valley Rd
Office: 908-895-1898
Fax: 908-231-7799
Email: john@bendallgroup.com

John Bendall is the owner/broker of RE/MAX Classic Group with 3 offices in New Jersey. (Branchburg, Basking Ridge and West Milford)John started Classic in November 2005 and it has grown from 6 agents to over 75 of the best agents in New Jersey. One of real estate's biggest fans, John soaks up all the knowledge he can about every facet of the industry bring his agents all the cutting edge tools to help them meet all their clients needs. Call or email today, and we will help you achieve your Real Estate goals. Performance always Outsells Promises!

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