Did you know that New Jersey is home to 13 out of 20 of the world’s largest pharmaceutical companies? The Garden State is a prime location for manufacturers due its large labor pool available and location. Which why it was no surprise when on Tuesday, the Economic Development Authority of New Jersey approved Grow New Jersey incentives that would provide about $2M to three pharmaceutical manufacturers in New Jersey.
The three pharmaceutical manufacturers in New Jersey that were improved were:
Geri-Care Pharmaceuticals Corp., a manufacturer of over-the-counter drugs and supplements
Geri-Care Pharmaceuticals C. will be relocating from Brooklyn to Lakewood (right near the headquarters of Cosmo Insurance)
Aptapharma Inc., an oral drug delivery technology company will be upgrading their existing facility
Eyway Pharma Inc. a Singapore-based drugmaker that will open their first U.S operation in New Jersey and bring 34 jobs to the state plus $14.5 million investment
Cosmo Insurance Agency in Lakewood, NJ will provide coverage for your healthcare needs. Make sure to get a quote for your individual or group health today and give us a call so that we may help you every step of the way.