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  • Friday, November 30, 2018

    Chemistry Council Staff Continues to Work on Protecting Employers’ Rights in Recreational Marijuana Legislation

    The New Jersey Senate Budget and Appropriations and Assembly Appropriations Committees recently released two bills (S-2703 and A-4497), which if enacted will allow for recreational use marijuana in New Jersey. The joint Committee also released two bills that expand the use of medical marijuana use (S-10 and A-10). The bills will now be voted on by the full Senate and Assembly.

  • Friday, November 30, 2018

    “SRRA 2.0” Update

    Senator Bob Smith, chair of the Senate Environment and Energy Committee, held a meeting on November 27, 2018 to discuss potential amendments to the Site Remediation Reform Act (SRRA) and other statutes, commonly known as “SRRA 2.0”, with the New Jersey Department of Environmental Protection (NJDEP) and the following stakeholders:

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New Jersey Chemistry: Economic Impact


Over 96% of all manufactured goods are directly touched by the business of chemistry, making this industry an essential part of every facet of our nation’s economy. Chemistry provides significant economic benefits in every state.

Chemistry companies in New Jersey directly employ 43,802 people, and indirectly contribute 33,556 jobs to the economy.

Chemistry industry jobs are high-paying. The average wage of a chemistry industry employee in New Jersey is $125,997 which is 60% higher than the average manufacturing wage. The chemistry industry generates $5.5 billion in payroll, and $710 million in state and local taxes, and $1.02 billion in federal taxes.

The business of chemistry is essential to New Jersey's economy and plays a vital role in helping to solve the biggest challenges facing our state, nation and our world by driving innovations that make our lives and our world healthier, safer, more sustainable and more productive.

Snapshot

Total Employment 43,802 State Rank 5
Chemical Industry Average Wages $125,997 State Rank 1
Value of Output ($mil) $25,500 State Rank 9
Exports ($mill) $8,300    

Source: American Chemistry Council, 2017, New Jersey Chemical Industry Profile