Great Inventions & Manufacturing Have Always Been a Part of New Jersey
From air conditioning to bubble wrap, New Jersey has been the land of great inventions and manufacturing, which go hand in hand, for a very long time.
When we check the stats on New Jersey manufacturing, it’s easy to understand why they’re one of the top states in the country.
21 Fortune 500 companies call New Jersey home.
Johnson & Johnson, Campbell soups, and Goya foods dominate their respective industries and are headquartered here.
The manufacturing sector contributes to 7.8 percent of the state domestic product with over 7,222 units.
The sector contributes around $28.72 billion to the state’s exports.
Accounts for 245,000 jobs. These employees represent around 6.1 percent of New Jersey’s labor force.
The total output of the state’s manufacturing industry is around $44.52 billion.
The average annual compensation of an employee is $90,540.
**Sources from Center for Manufacturing Research
The chemical industry is the largest contributor to New Jersey manufacturing. In fact, nearly 18 percent of the statewide industrial sector consists of chemical industries. The sector employs around 49,000 workers and pays salaries well above the state average. Chemicals contribute around 37 percent of New Jersey’s total manufacturing output with the chemical industry generally divided into four sub-sectors: pharmaceutical & medicine, cleaning compounds, toiletries, and paint, coating & adhesives.
New Jersey also has a long and a rich history within the food industry. It is home to Campbell Soup, one of the world’s leading food companies. This company rose to fame after John T. Dorrance developed the first condensed soup. One of the most significant Hispanic food companies, Goya Foods, also has been a cornerstone of the state’s business community since 1974. More recently, Goya unveiled its new state-of-the-art corporate headquarters in Jersey City as part of a $250 million investment. With another 1900 companies employing around 44,000 people, the state’s food industry is worth approximately $105 billion.
For information on a deburring machine to fit your manufacturing needs or a free evaluation, contact CDMC today via contact form or call us at (216) 472-0200 to speak directly with one of our experts!