April 23, 2009
Re: Mayors Forum on the Future of New Jersey’s Pharmaceutical and Medical Industry
Tomorrow, Friday, April 24, several mayors from around New Jersey will be joining We Work For Health for a kickoff and economic briefing at the East Brunswick Hilton at 8:30am. The discussion will include how we can preserve a healthy and competitive biopharma industry in New Jersey. Policy decisions made in Washington, DC in the next couple of months will have a profound impact on the companies that are the backbone of our local economies.
New Jersey’s pharmaceutical and medical technology community employs over 60,000 people at more than 125 facilities across the state. In 2007, New Jersey’s life sciences community had an astonishing $27 billion impact on our economy and paid nearly $1 billion in taxes to the state. This industry is currently planning to spend over $3.1 billion on capital construction and facility renovation projects around New Jersey over the next two years will be responsible for over 7,500 daily jobs for building, construction and trade unions around New Jersey.
Congress and the President have begun a health care reform debate which will directly impact your municipality. As this discussion unfolds, it is essential that policy makers in Washington understand the economic benefits that New Jersey life sciences companies have on your communities. This is why I hope you will join us to participate in this discussion.
If you cannot attend, please ask a representative from your municipality to join us at this important forum.
Please RSVP to John Duthie at the HealthCare Institute of New Jersey at 908-212-0333 or Duthie@hinj.org
President, NJ League of Municipalities