Governor Murphy says New Jersey should consider high wage innovation sectors that will bring the most jobs and investment into the state.
“Clean energy, life sciences, advanced manufacturing, food and beverage, advanced transportation and logistics, information and high tech, film and digital media, and finance and insurance.”
Murphy hopes to create 300,000 new jobs by the year 2025.
“We didn’t just pluck these economic sectors out of thin air. We are not looking to compete in sectors in which we have to start at zero. These are sectors in which our state has strong, deep, yet underwatered roots.”
Murphy’s plan calls for reinvestment in cities he says are oftentimes poverty stricken but still the state’s economic engines.
“Our cities have been forgotten by years of leadership which counted them out and they were forced to watch on the sidelines as investments went elsewhere. They still have everything needed to once again lead our economy.”
Murphy is looking to expand the state’s clean energy sector as part of his economic plan.
“To get ready for this we will establish an innovative New Jersey Wind Institute. To bring together all of the players in this effort. State agencies, organized labor, corporate partners and our colleges and universities.”
Murphy expects the state’s offshore wind industry to create up to 4,000 high paying, high skill union jobs.