Choose New Jersey, the state’s nonprofit business attraction organization, announced Thursday that it secured more than $150 million in economic impact in the second quarter of 2025, due to the relocation or expansion of 12 companies in the state.
These investments — from countries around the world and spanning sectors such as life sciences, clean energy, technology, advanced manufacturing, and food and beverage — are expected to have a $156 million economic impact and create 242 new jobs across the state, Choose New Jersey officials said.
The quarter also brought the possibility of more investment down the road as Gov. Phil Murphy led 14 delegates on a week-long mission to the Kingdom of Saudi Arabia, the Kingdom of Bahrain and the United Arab Emirates, advancing partnerships in business, higher education, and government.
“The accomplishments of this quarter reflect the strength of New Jersey’s global appeal, and the momentum Choose New Jersey is building across key industries,” Ralph LaRossa, chairman of Choose New Jersey and chairman and CEO of PSEG said. “Thanks to the hard work of Choose New Jersey, more jobs and innovation are coming to our state, which is helping to grow our economy and reinforce New Jersey’s place on the international stage.”
Here’s a look at the companies:
- Accurant Biotech (China) – Princeton
- Ardena (Belgium) – Somerset
- Centennial (Maryland) – Parsippany
- Croissance Clinical Research (India) – Edison
- Dongwon Industries (Korea) – Fort Lee
- Hotpack (UAE) – Edison
- Lauren Group (India) – East Brunswick
- PlantLoop Biotech (Canada) – East Brunswick
- SpotitEarly (Israel) – Englewood
- Taimei Technology (Singapore) – Harrison
- Thomas Brunner Hygiene GmbH (Germany) – Hoboken
- YPlasma (Spain) – Newark
Murphy was just as excited about the mission trip, which included more than 40 meetings and the signing of five Memoranda of Understanding (MOUs).
During the mission, UAE-based food packaging company Hotpack announced a $100 million investment to build a new manufacturing site in New Jersey, an endeavor that is expected to create 200 jobs.
“New Jersey continues to build a global reputation as the best place in the country to do business,” Murphy said. “Our recent mission to the Gulf Arab States demonstrates the power of international collaboration, and with Choose New Jersey as a key partner, we’re delivering real results: new partnerships, transformative investments, and good-paying jobs for New Jerseyans.”
Choose New Jersey CEO Wes Mathews agreed.
“New Jersey’s compelling business ecosystem and quality of life continue to fuel our success in attracting global investment,” he said. “These wins underscore our state’s competitiveness and growing international reach.”
Choose New Jersey also had a presence at two high-profile trade shows: the SelectUSA Investment Summit, dedicated to foreign direct investment, and the BIO International Convention, the world’s largest biotech convention.
At both, Choose New Jersey showcased custom-built pavilions and hosted delegates from several New Jersey companies.
The governor and First Lady Tammy Murphy also joined Choose New Jersey at SelectUSA. CAt BIO International, Choose New Jersey launched the 2025 New Jersey Life Sciences Report in partnership with JLL, BioNJ, HINJ and NJEDA.
