New Jersey has a thriving $105 billion food and agriculture industry that includes thousands of food manufacturers, importers, distributors, retailers, restaurants and farms. Next week (June 25-27), New Jersey’s specialty food companies will demonstrate the strength and diversity of the State’s growing food sector at the largest food and beverage show in the U.S. – the Summer Fancy Food Show – at the Jacob R. Javits Center in New York City.
More than 165 New Jersey specialty food companies will be exhibiting at the Summer Fancy Food Show, including six companies debuting in the “Choose New Jersey for Specialty Foods” aisle (Booths #6072-6078):
Choose New Jersey, a privately-funded non-profit organization charged with encouraging and nurturing economic growth throughout the State, will be meeting with domestic and international specialty food companies interested in learning about the benefits of a New Jersey location.
“New Jersey has all the assets and resources to make it a perfect fit for food companies,” said Michele Brown, President and CEO of Choose New Jersey, Inc. “Our location gives companies access to one of the most affluent and concentrated consumer markets in the world. Our world-class transportation network makes it easy to move products across the country or internationally. Our highly skilled workforce makes it easy to recruit top talent. The Summer Fancy Food Show gives us the opportunity to tout these benefits to companies from around the world.”
Located in the heart of the Northeast corridor, New Jersey’s strategic location and robust transportation infrastructure, which includes more than 2,800 miles of interstates and highways and a robust cargo rail network, has fueled the rapid growth of its food industry. As one of the nation’s most densely populated state, food companies can serve more than 20 million consumers who collectively have nearly $800 billion in disposable income within a two-hour drive from a central New Jersey location. It’s no wonder companies that rely on same-day deliveries believe that a New Jersey location gives them a competitive advantage.
The Port of New York and New Jersey, the largest port on the East Coast and the third largest port in North America, makes it easy for food companies to import and export products and reach customers around the world. A $1.3 billion project to raise the clearance of the Bayonne Bridge will be completed this summer, creating even more opportunities for food companies that want to expand their operations into the Asian market. The project will push the bridge’s clearance from 150 to 215 feet to accommodate the largest neo-Panamax ships that can now transverse the Panama Canal. Plus, with more than 9,000 farms and thousands of suppliers and retailers, food companies can access the partners and customers they need to flourish.
Food companies also find New Jersey has the resources to help them take root and grow. The State supports its food industry through tax incentives created to attract new companies and specialized programs to help existing companies grow.
Companies also have access to the Rutgers Food Innovation Center (FIC) in Bridgeton. The award-winning FIC is a unique business incubation and economic accelerator that offers client companies training, research and business support. It also offers a state-of-the-art USDA and FDA-inspected food processing facility that has served more than 1,500 clients since 2001. FIC is the only “Soft Landings” incubator in the world devoted to food, providing valuable resources to start-ups and established food companies alike.Related Articles: