The marketing campaign will target 3,500 North American companies believed to be most likely to relocate or expand to New Jersey. It will highlight the merits of moving their operations to the Port of Newark. The campaign was put together by four state agencies and six private companies and had a price tag of $250,000.
The plan, called the Portfields Initiative, involves turning underutilized and brownfield sites in the Port of Newark region into desirable real estate upon which to build warehouse and distribution facilities. The effort is expected to create jobs, tax revenues and other economic benefits for the area.
Though commerce in the port is already growing at 10 percent a year, it is expected to become busier with the completion of a massive dredging project that increases the depth of the port's channels. This allows for more cargo and more opportunities for economic growth.
“Gov. (John) Corzine's economic growth strategy calls for the state to encourage the growth of capital investments to promote international business development within New Jersey's ports and logistics systems. The Portfields Initiative supports that strategy,” said Caren S. Franzini, chief executive officer of the New Jersey's Economic Development Authority.
The promotional materials were developed by public and private entities, including the EDA, the New Jersey Commerce and Economic Growth Commission, the Port Authority of New York and New Jersey, PSE&G, Matrix, Prologis, The Morris Cos., Panattoni, IDI and River Terminal Development.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now