Choose New Jersey Marks Q2 with More than $150 Million in Economic Impact and a Successful Gulf Arab States Mission

Newark, NJ — Choose New Jersey, New Jersey’s leading nonprofit business attraction organization, today announced a highly successful second quarter, highlighted by securing more than $150 million in economic impact and a Governor-led economic mission to the Gulf Arab States.

Governor Phil Murphy led 14 delegates on a week-long mission to the Kingdom of Saudi Arabia, the Kingdom of Bahrain, and the United Arab Emirates, advancing partnerships in business, higher education, and government. The trip included over 40 meetings, which strengthened international ties, and the signing of five Memoranda of Understanding (MOUs). During the mission, UAE-based food packaging company Hotpack announced a $100 million investment to build a new manufacturing site in New Jersey, an endeavor that is expected to create 200 jobs.

“New Jersey continues to build a global reputation as the best place in the country to do business,” said Governor Phil Murphy. “Our recent mission to the Gulf Arab States demonstrates the power of international collaboration, and with Choose New Jersey as a key partner, we’re delivering real results: new partnerships, transformative investments, and good-paying jobs for New Jerseyans.”

“The accomplishments of this quarter reflect the strength of New Jersey’s global appeal, and the momentum Choose New Jersey is building across key industries,” said Ralph LaRossa, Chairman of Choose New Jersey and Chair, President, and Chief Executive Officer of PSEG. “Thanks to the hard work of Choose New Jersey, more jobs and innovation are coming to our state, which is helping to grow our economy and reinforce New Jersey’s place on the international stage.” 

Choose New Jersey helped 12 companies expand or relocate in New Jersey this quarter. These investments—from countries around the world and spanning sectors such as life sciences, clean energy, technology, advanced manufacturing, and food and beverage—are expected to have a $156 million economic impact and create 242 new jobs across the state.

• Accurant Biotech (China) – Princeton
• Ardena (Belgium) – Somerset
• Centennial (Maryland) – Parsippany
• Croissance Clinical Research (India) – Edison
• Dongwon Industries (Korea) – Fort Lee
• Hotpack (UAE) – Edison
• Lauren Group (India) – East Brunswick
• PlantLoop Biotech (Canada) – East Brunswick
• SpotitEarly (Israel) – Englewood
• Taimei Technology (Singapore) – Harrison
• Thomas Brunner Hygiene GmbH (Germany) – Hoboken
• YPlasma (Spain) – Newark

“New Jersey’s compelling business ecosystem and quality of life continue to fuel our success in attracting global investment,” said Wesley Mathews, President & CEO of Choose New Jersey. “These wins underscore our state’s competitiveness and growing international reach.”

This quarter, Choose New Jersey also had a presence at two high-profile trade shows: the SelectUSA Investment Summit, dedicated to foreign direct investment, and the BIO International Convention, the world’s largest biotech convention. At both, Choose New Jersey showcased custom-built pavilions and hosted delegates from several New Jersey companies. Governor Murphy and First Lady Tammy Murphy also joined Choose New Jersey at SelectUSA. At BIO International, Choose New Jersey launched the 2025 New Jersey Life Sciences Report in partnership with JLL, BioNJ, HINJ, and NJEDA. The report is an incredible resource for biotech companies looking to expand to New Jersey. 

About Choose New Jersey, Inc.

Choose New Jersey is the state’s leading non-profit business attraction organization. We harness the collective power of New Jersey’s business, government, labor, and academic sectors to expand New Jersey’s economy. We work globally, using our marketing expertise, concierge business development, deep knowledge of the state, and convening power, in collaboration with state government, to empower businesses, entrepreneurs, leaders, and innovators to make New Jersey their home. To learn more, visit choosenj.com.