Gov. Murphy joined New Brunswick Mayor James Cahill and dozens of state leaders in New Brunswick as he announced his support for the project, which leaders say will be a tech magnet for scientific and technological innovation in New Jersey.
Gov. Murphy said he plans to take advantage of a growing national innovation economy by attracting private sector startups and innovative businesses with new, state-of-the-art incubator hubs. "This will go right at the heart of moving that needle aggressively", Murphy said. "New Jersey will begin to foster new ideas and take advantage of the once-in-a-generation chance to remake the state as an engine of economic opportunity."
The Hub, as proposed, will be a 4 million-square-foot development on 12 acres, directly across from our New Brunswick train station and adjacent to new residential, retail, and entertainment development in the city.
With its proximity to New York City and Philadelphia, "The hub offers access to a talent pool of science, technology, engineering and mathematical workers, twice the size of any labor market in the nation," Cahill said.
The development plan has been championed by Christopher Paladino of DEVCO and will require multiple partners and sponsors. The state's Economic Development Authority will oversee the initial planning and study for the site, while Mayor Cahill, DEVCO, and distinguished local partners continue to lead New Brunswick in the realization of an exciting and unprecedented transformation.
Now, more than ever, the buzz is Always New! . . . with so much more to come.
Click here to learn more at NJ Spotlight.