Bristol-Myers Squibb Company - One Squibb Drive, Cranbury, New Jersey

Area Overview

ONE 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:

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.
Top rated financially by Moody’s and Standard & Poor’s.
Ranked second in New Jersey for volume of retail sales.
Ranked second in New Jersey for wholesale sales.
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.
Is serviced by 5 major hospitals.
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
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:

Tax Incentives
Property Abatement and Exemptions
New Jobs Investment Tax Credits
Business Incentive Grants
Business Relocation Assistance Grants
Business Employment Incentive Grants
Manufacturing Equipment and Employment Investment Tax Credit
Recognition of Subchapter S Status for Corporations
Research and Development Tax Credit for Corporation Business Tax
New Jersey Limited Liability Company Act
Urban Enterprise Zone
Utility Rates
Workforce Education and Training

 

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