New Jersey

CONSTRUCTION PROJECTS

Major Projects ($5M+) 2019-2024

New Jersey Fact Sheet, 2019-2024

Pharmaceutical & Biotech Mfg and R&D

Number of Major Projects

($5+ million)

Major Project Valuation

(Any major project active
between 2019 and 2024)

$3.95 billion

Total Construction Spending

(Capital and maintenance
expenditure, 2019-2024)

$4.03 billion

Largest Construction Projects, Pharmaceutical and Biotech Manufacturing and R&D, 2019-2024

Project Owner		Project City	State	Years	Value
BeOne Medicines Limited	Hopewell Immuno-Oncology, Antibodies, and Cell Therapies Plant Addition Ph 1	Hopewell	NJ	2022-24	$700 million
Merck and Company Incorporated	Rahway MRL Oncology Diseases Vaccines 890 API Building Addition	Rahway	NJ	2024-26	$700 million
Janssen Global Services LLC	Raritan Car-T Immuno Cell Therapy Production Plant Renovations/Upgrades	Raritan	NJ	2023-25	$500 million
Merck and Company Incorporated	Rahway MRL R&D/Prod Oncology, Diabetes, Small/Large Molecule B880 Flex Ctr	Rahway	NJ	2019-23	$290 million
Cellares Corporation	Bridgewater Brownfield Car-T Cell Therapy Gmp Smart Factory IDMO/CDMO	Bridgewater	NJ	2024-25	$255 million
Thor Equities Group	Jersey City Brownfield “Liberty Innovation Center” R&D Life Science Building	Jersey City	NJ	2021-22	$170 million
Aurobindo Pharma USA Incorporated	Dayton Solid Dose and Solutions Generics Plant & Distribution Addition	Dayton	NJ	2016-19	$120 million
BeOne Medicines Limited	Hopewell Immuno-Oncology, Antibodies, and Cell Therapies Plant Addition	Hopewell	NJ	2024-25	$100 million
Patheon, by Thermo Fisher Scientific	Princeton Cell Therapy Development and Manufacturing Collaboration Center Add	Princeton	NJ	2020-21	$65 million
Bristol-Myers Squibb Company	Lawrenceville Early Discovery Pharmaceutical R&D Buildings Addition	Lawrenceville	NJ	2018-20	$50 million

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New Jersey

CONSTRUCTION EMPLOYMENT

Industry Analysis:

New Jersey

Pharmaceutical
Manufacturing

(NAICS = 325400)

Firms:

466

Employees:

29,568

Annual Wages:

$5.48 billion

Wages per Employee:

$185,490

Construction Labor Overview, 2019-2024

Pharmaceutical & Biotech Mfg and R&D

Total Labor Hours

(14 trades; installation and maintenance)

8,102,297

Union Labor Hours (est.)

(Estimated state union% in non-residential blue-collar construction trades = 50.7% )

5,730,508

Union Earnings (est.)

$258,416,456

Data Sources

Pharmaceutical and biotech industry data (projects, spending, labor hours demanded) from Industrial Information Resources (IIR). State industry employment data from the Bureau of Labor Statistics (QCEW) using the North American Industry Classification System (NAICS). State union percent in non-residential construction calculated by dividing union members in construction (unionstats.com) by blue-collar QCEW employment in nonresidential construction firms in 2019 (assumes union density equals zero in residential construction; blue-collar percentage from NAICS=23 using the BLS Occupational Employment Statistics series). Note: Pharmaceutical manufacturing industry statistics (above) do not represent the entirety of the pharmaceutical and biotech industry featured in this study. Most significantly, in addition to NAICS 325400 (“Pharmaceutical Manufacturing”), other industry jobs comprise a subset of NAICS 541700 (“Scientific R&D Services”).

Construction Labor Overview, 2019-2024

Pharmaceutical & Biotech Mfg and R&D

	Installation	Maintenance	Total
Boilermaker	87,517	12,790	100,307
Carpenter	372,564	104,175	476,739
Electrician	2,182,663	349,655	2,532,319
HVAC Installers	219,956	6,182	226,138
Instrumentation Tech	1,318,385	126,918	1,445,302
Insulator	194,366	30,685	225,051
Ironworker	189,797	100,565	290,361
Laborer	414,073	39,143	453,216
Millwright	302,269	115,520	417,789
Operator	476,952	29,447	506,400
Painting	68,889	29,035	97,924
Plumber + Pipefitter	910,322	37,132	947,453
Scaffolding	157,813	20,216	178,029
Welder	134,615	70,653	205,268
Total	7,030,182	1,072,115	8,102,297

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