2009 News

The Status Quo in Health Care Has Become Unacceptable

By The Honorable Bob Franks, President, HealthCare Institute of New Jersey

Washington, DC, June 29, 2009 — From the floors of state legislatures and the halls of Congress, to the White House cabinet room and corporate boardrooms, health care reform is now squarely at the center of the national domestic policy debate. Read more


2009 Report: Economic Impact of HINJ Members Totals a Record $29 Billion

Impact Reflects an All-Time High, But Other Indicators Demonstrate NJ’s Biopharmaceutical and Medical Technology Industry Is Not Immune to Global Economic Woes and Business Policy Changes 

  • Industry provided 147,836 – 59,948 direct + 87,888 spin-off jobs
  • Average base salary of $112,297 (up 8.9% from 2007)
  • Total Compensation (salary+benefits) is $141,590 (up 12.3% over 2007)
  • Toll Impacts of $8.5 billion
  • Global Philanthropy reaches $4.5 billion (up by nearly 10% over 2007)
  • $870 million in sales and income tax impacts (up 11 % from ‘07)
  • Vendor Spending up 8.6% to 3.8 billion

State House, Trenton, NJ, June 18, 2009 — Reflecting the current climate of the state and national economy, New Jersey’s biopharmaceutical and medical technology industry reported slowing economic activity in 2008 — although the overall economic impact of the sector reached an all-time high of $29 billion — according to a study released today by the HealthCare Institute of New Jersey (HINJ), the industry’s trade association. Read more


New Report: Capital Construction Activity in NJ’s Life Sciences Industry Has Sweeping Economic Impacts on Rest of State

Investments Generate a Multitude of Local Jobs, Income, GDP and Tax Benefits

Trenton, NJ, April 17, 2009 — A new report that demonstrates the economic impacts — both direct and indirect — of the capital construction investment made by New Jersey’s biopharmaceutical and medical technology industry was released today by the HealthCare Institute of New Jersey (HINJ) and the Pharmaceutical Research and Manufacturers of America (PhRMA).  In 2008, the industry invested nearly $1.5 billion in capital construction. Read more


HINJ Joins Rep. Pallone for Launch of Statewide Effort to Make Health Care Work for New Jersey

Trenton, NJ, March 16, 2009 — Joined by a broad variety of New Jersey organizations that are united in calling for health care reform this year, Congressman Frank Pallone, Jr. (D-NJ) today launched a major statewide effort to make healthcare work for New Jersey. Read more


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