Who We Are

The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

Choose NJ’s RFP Watch

Choose New Jersey’s RFP Watch provides up-to-date information on business opportunities throughout the Garden State at a cost that is affordable for all companies – with a place of business in New Jersey – large and small.

To learn more click here

Economy

McKinsey & Company Study Suggests Ways NJ Could Bolster Economy; State Has Failed to Live Up to National Figures

New York, NY, July 24, 2017 — Meg Fry reports in NJBIZ that global management consulting firm McKinsey & Co. on July 18 released a new study examining New Jersey’s post-recession economy and suggestions on how businesses and organizations in the state could most effectively work together to add more than 250,000 jobs and $150 billion to the economy over the next decade.

Fry reports that the nonpartisan analysis, titled “Re-seeding the Garden State’s Economic Growth,” not only drew from the most current economic and business data but also from 70 influential business leaders across public, private and social sectors and a survey of the state’s business community. Continue reading

Opinion: Assemblyman Gary Schaer on ‘A Blueprint for Tomorrow’

Asm. Gary Schaer

Trenton, NJ, June 20, 2017Assemblyman Gary S. Schaer (D-Passaic), Chair of the Assembly Budget Committee, last month shared the following with Innovation New Jersey readers:

Each time we tackle the state budget, we are reminded that it is a living, breathing document that, at its core, should fundamentally reflect our priorities.  As we enter final deliberations in crafting this year’s state budget, that reminder is all the more potent.

One of the reasons New Jersey’s economy lagged far behind most of the nation after the Great Recession is because we failed to make the proper investments to capitalize on our strengths and leverage our assets to grow our economy.  We cannot expect to move forward and grow as a state without planting the proper seeds.  Continue reading

NJBIA 2017 Business Survey: $15 Minimum Wage and the Rush to Automation

NJBIA Logo - CROPPEDTrenton, NJ, January 6, 2017 — A $15 minimum wage would usher in a rush to automation for minimum wage jobs as businesses look for ways to cut costs to cover the higher pay, according to New Jersey Business & Industry Association (NJBIA) President and CEO Michele Siekerka.

This year’s NJBIA Business Outlook Survey (BOS) asked member companies about the impact of a proposed $15-an-hour minimum wage.

Seventy percent said it would have an impact, with 34 percent saying they would need to reduce staff, 28 percent saying they would reduce employees’ hours, and 34 percent saying they would raise prices. Continue reading

New Jersey Hospitals Contribute $22.7 Billion to State’s Economy

hospital-1Trenton, NJ, December 28, 2016 — Anjalee Khemlani reports on NJBIZ that New Jersey’s 71 acute care hospitals continue to be a growing economic force in the state, contributing $22.7 billion to the state’s economy — an increase from $21.6 billion the previous year, according to the New Jersey Hospital Association (NJHA)

Health care currently represents roughly 12 percent of the state’s jobs and is estimated to grow another 32 percent by 2024, according to the New Jersey Department of Labor.

NJHA released its 2016 Economic Impact Report Wednesday detailing the economic contributions, as well as the financial summaries of hospitals in the state divided by location and hospital type. Continue reading

NJ Spotlight: Is Governor Christie Resolved to End Bi-State Tax Deal with Pennsylvania?

Tax 1040Trenton, NJ, November 8, 2016 — John Reitmeyer today reports on NJ Spotlight that Governor Chris Christie said over the summer that he wasn’t fully committed to his decision to scrap a longstanding tax agreement with the state of Pennsylvania that has allowed commuters in both states to pay personal income taxes where they live instead of where they work.

But with the start of the next tax year now getting closer, it’s looking more and more like the bistate pact will indeed be allowed to expire.

Reitmeyer reports that, across the river in Pennsylvania, state officials have already begun informing taxpayers that the arrangement with New Jersey, which has been in place for nearly 40 years, will be coming to an end as of December 31, 2016. Continue reading

NJ Spotlight: Industry Voices Op-Ed: ‘New Jersey’s Universities Are Key to Innovation and the State’s Prosperity’

NJ SpotlightMontclair, NJ, October 21, 2016 — NJ Spotlight on October 3 published the following op-ed that was authored by:

James Barrood, President and CEO, New Jersey Technology Council
Thomas A. Bracken, President and CEO, New Jersey Chamber of Commerce
Anthony S. Cicatiello, President, The Research & Development Council of New Jersey
Debbie Hart, President and CEO, BioNJ
Dean J. Paranicas, President and CEO, HealthCare Institute of New Jersey
Michele N. Siekerka, President and CEO, New Jersey Business & Industry Association

They wrote:

New Jersey is the cradle of American innovation in such transformative fields as telecommunications, the life sciences and chemicals, and is home to many iconic companies.  These industries have produced countless advances that have benefitted society enormously while driving our state’s economy for well over a century.

Much progress has been made in recent years to meet their needs and those of other industries and retain the substantial socioeconomic benefits New Jersey derives from a robust innovation economy.  Continue reading

Choose New Jersey Unveils New Data-Driven Website; Spotlights Why Businesses Should Select the Garden State

Choose New Jersey logoPrinceton, NJ, September 8, 2016 — Anjalee Khemlani reports on NJBIZ that Choose New Jersey has launched a new website, giving it a more attractive look and making it easy to read across all devices — mobile and computers.

The new “data driven website” offers diverse content, a home page to spotlight the reasons to choose New Jersey for business, and gives businesses interested in the state all the information necessary to make a decision.

The home page has a top bar menu, followed by images of Princeton University and the Statue of Liberty. Continue reading

Governor Christie Announces the End of New Jersey’s Income Tax Pact with Pennsylvania

Tax 1040Trenton, NJ, September 3, 2016 — Samantha Marcus reports in The Star-Ledger that Governor Chris Christie’s administration announced Friday it has notified Pennsylvania that the state is pulling out of a decades-old agreement that allows New Jersey and Pennsylvania residents who work across the river to pay income taxes where they live.

The tax change will reap tens of millions of dollars for New Jersey, but comes at a cost for some residents of both states who will get socked with higher income taxes.

More than 120,000 New Jerseyans commute to Pennsylvania, and a similar number of Pennsylvanians work here, according to the U.S. census. Continue reading

GEN Publishes 2016 Top 10 U.S. Biopharma Clusters List; New Jersey/New York Ranked No. 3

New Jersey pin horizontalNew Rochelle, NY, August 29, 2016Genetic Engineering & Biotechnology News (GEN) published its 2016 Top 10 US Biopharma Clusters list.  New Jersey/New York is number three on the list, the same position it was on GEN’s 2015 Top 10 list.

This year’s Top 10 are:

  1. Boston-Cambridge
  2. San Francisco Bay Area
  3. New Jersey/New York
  4. Maryland/DC Metro
  5. San Diego
  6. Greater Philadelphia
  7. Seattle
  8. Raleigh/Durham
  9. Los Angeles/Orange County
  10. Chicagoland Continue reading

HINJ’s ‘Value of Medical Innovation’ Portal Showcases How Life Sciences Is Saving Money — And Lives

Doctor researcher numbersNew Brunswick, NJ, August 5, 2016 ― The HealthCare Institute of New Jersey (HINJ) continues to update its Value of Medical Innovation, a fact-driven, consumer-friendly digital library that delves into the myriad benefits of research-driven medical innovation, which saves money — and saves lives.

HINJ’s Value of Medical Innovation presents statistics from a number of resources, including the Advanced Medical Technology Association (AdvaMed), the Biotechnology Organization (BIO), the Pharmaceutical Research and Manufacturers of America (PhRMA), U.S. government sources and various medical research organizations.

The Value of Medical Innovation page is the latest offering on HINJ.org, which was launched in February 2013 as part of HINJ’s strategic plan to build a dynamic communications capability that delivers relevant, robust and timely information to internal and external stakeholders. Continue reading