Discover the Impact of Chemistry on New Jersey's Economy
Unlocking the potential of chemistry is central to over 96% of all manufactured goods, cementing its status as a cornerstone of our nation's economic landscape. This dynamic industry delivers substantial economic benefits across every state.
In New Jersey, the chemical sector reigns as the largest manufacturing industry, boasting a robust $15.48 billion valuation and securing its position as the 8th largest chemistry producer nationwide.
Employing a workforce of 48,000 individuals, including professionals in pharmaceuticals and medicine manufacturing, the chemistry companies in the state provide a robust job market. Chemical manufacturers alone contribute 19,000 direct jobs, complemented by an additional 24,471 related employment opportunities.
These chemistry industry jobs offer more than just employment; they are high-paying, with an average wage of $106,822. This figure surpasses the average manufacturing wage by 15%, underlining the financial stability provided by the sector.
Contributing significantly to the state's economy, the chemistry industry generates a staggering $2.10 billion in payroll. Additionally, it plays a pivotal role in funding public services, contributing $618 million in state and local taxes, and $604 million in federal taxes.
Beyond economic contributions, the business of chemistry in New Jersey stands as a vital force addressing challenges at local, national, and global levels. Through innovation, this industry is actively shaping a future where lives are healthier, environments are safer, and our world is more sustainable and productive.
Explore how chemistry is not just a business in New Jersey but a catalyst for positive change, propelling us towards a brighter and more resilient future.
NJ Chemical Industry Snapshot
Learn More at American Chemistry Council