Longtime New Brunswick mainstay Johnson & Johnson may construct a New Brunswick Business Incubator as part of the New Brunswick Tech Hub. Getting large tenants who are willing to invest capital and resources will be key to making the New Brunswick Tech Hub a success.
“Johnson & Johnson is negotiating to become the first tenant in a planned new innovation hub recently disclosed by Gov. Phil Murphy. The pharmaceutical company hopes to construct a 35,000- to 40,000-square-foot incubation space in the new facility, to be built on a site in New Brunswick by 2019, sources told NJBIZ. J&J, which is headquartered in New Brunswick, would make the business incubator part of its JLabs, a collection of eight incubators across the U.S., Europe and Asia. JLAbs has produced more than 200 startup companies and was designed to create “economic ecosystems” in communities by encouraging entrepreneurship, employment and economic growth.”