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SQUIBB DRIVE is located in Middlesex County, Cranbury,
New Jersey and centered within the Exit 8A Industrial Market.
The Exit 8A Industrial Market originally
grew out of the need from well located distribution facilities
along the eastern seaboard and a diminished supply of affordable
land to the north along Interstate 95 (the NJ Turnpike). Historically,
national companies seeking new or expanded facilities have
found competitively priced land and less costly rental rates
within the Exit 8A Industrial Market.
This market has access to all major north/south
and east/west interstate roadways and is in close proximity
to the Port of Newark and the Port of Elizabeth. Additionally,
within a one hour timeframe, has access to four airports;
Newark Liberty International Airport, Philadelphia Airport,
La Guardia and JFK International Airports.
Based on the market’s accessibility,
there is access to a large and diverse labor force including
the Trenton/Princeton Corridor to the west, the New Jersey
shore communities to the east and the City of New Brunswick
to the north.
These key factors continue to be the primary
reasons for locating within the Exit 8A Industrial Market.
Middlesex County
Known as the “Heart of New Jersey”,
Middlesex County is located squarely in the center of New
Jersey. The County is 318 square miles in size and has 25
municipalities with extensive industrial, office and residential
areas.
The County is:
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The fastest growing County
in New Jersey. The 2000 year population was approximately
745,000 people and is projected to increase to 796,000
people by the year 2010. |
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Top rated financially by Moody’s
and Standard & Poor’s. |
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Ranked second in New Jersey for volume
of retail sales. |
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Ranked second in New Jersey for wholesale
sales. |
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Highly rated within New Jersey for
value of shipments; is first in new capital expenditures
and first in total wages of production workers and in
the number of workers. |
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Is serviced by 5 major hospitals. |
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Has 175 public schools, 5 vocational-technical
schools and more than 70 parochial and private schools.
Graduate level studies are available at Rutgers University,
NJ College of Medicine & Dentistry and Princeton University’s
Forrestal campus. |
Major employers located in Middlesex County
include:
Aetna / US Healthcare |
Johnson & Johnson |
Amerada Hess Corporation |
Merrill Lynch &
Company |
AT&T |
Prudential Insurance
Company |
Bristol-Myers Squibb
Company |
Robert Wood Johnson
University Hospital |
Dow Jones & Company |
Siemens AG |
Engelhard Corporation |
Silverline Building
Products |
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| Data Source: Middlesex
County Office of Economic Development |
Business Incentives
New Jersey offers an ideal location for
business growth and development. The array of financial, technical
and training incentives are designed to make New Jersey businesses
among the most competitive.
Potential Business Incentive include:
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Tax Incentives |
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Property Abatement and Exemptions |
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New Jobs Investment Tax Credits |
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Business Incentive Grants |
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Business Relocation Assistance Grants |
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Business Employment Incentive Grants |
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Manufacturing Equipment and Employment
Investment Tax Credit |
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Recognition of Subchapter S Status
for Corporations |
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Research and Development Tax Credit
for Corporation Business Tax |
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New Jersey Limited Liability Company
Act |
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Urban Enterprise Zone |
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Utility Rates |
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Workforce Education and Training |
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