Nestled between the busy New York and Philadelphia markets, and astride one of the nation’s most vital transportation corridors, New Jersey’s southernmost counties are taking advantage of regional opportunities and experiencing significant economic development activity, such as revitalized urban centers, an evolving and growing tourism industry, and capital investment in the region’s bustling port facilities.
There’s an unmistakable optimism among business leaders representing various sectors that are both contributing to and benefiting from that growth and expansion. While concerns remain about how to address challenges still confronting the region, a confidence born of increasing cooperation between different stakeholders is palpable from the Delaware River docks and Atlantic City casinos, to revitalizing cities like Camden and Vineland, and the campuses of local colleges and universities.
Comcast announced an investment of more than $13 million to expand its fiber network to reach and better serve more customers in southern New Jersey and the greater Philadelphia area.
President Donald Trump’s signature on the nearly $700-billion National Defense Authorization Act provided security for thousands of jobs at Joint Base McGuire-Dix-Lakehurst, a major employer and economic generator for the region.
Last year, then Governor Chris Christie told the crowd gathered for an event celebrating the opening of Holtec International’s new technology campus that the $260-million Grow NJ tax credit that helped bring the project to fruition was the largest single investment of private capital in Camden’s history. The 600,000-square-foot manufacturing and design facility is expected to create up to 2,000 new jobs over the next 10 years and spur further development on Camden’s waterfront.
Atlantic City’s financial struggles have also been headline news, but new investment and possible changes in sports gambling legislation are contributing to a brighter outlook.
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