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JZstrng t1_jbd6ocj wrote

These are just guesses, so feel free to correct me if I’m wrong:

  1. New Jersey has the highest number of engineers and scientists per square mile in the US.

  2. Central NJ is … well … pretty central. It’s relatively close to Boston, NYC, Philly, Baltimore, and DC.

  3. Pharma is huge in our state, and there are many suppliers of raw materials close by.

  4. I’m not sure on this one, but I vaguely recall reading somewhere that the State gives Pharma a lot of incentives to stay.

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[deleted] OP t1_jbdzhgu wrote

[deleted]

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stickman07738 t1_jbe30xc wrote

You need to remember the area was not built up when they started and the Johnson family owned most of the land at that time. It would not surprise me if there was a lease back agreement in place for many of their locations in NJ allowing the family to have continued revenue streams.

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BeginningExtent8856 t1_jbe3qs5 wrote

They have other locations other than nb in the general area. Also, they own the land and the buildings

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iJayZen t1_jbefmui wrote

Yes, I worked at a suburban facility West of there many years ago. Why move 30 minutes away?

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Longtermthrowaway5 t1_jbe3y4c wrote

Yea, but why do so?

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stickman07738 t1_jbecofa wrote

Revenue and the land has increased substantially in value. If sold, huge capital gains.

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Longtermthrowaway5 t1_jbet6eu wrote

But then they'd still have to buy a similar amount of land for a new place.not like Princeton or some place similar is any cheaper than new Brunswick.

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