A new research park in Egg Harbor Township was hailed as the “silicon valley of the future” at its ribbon cutting on Wednesday.
“Innovation is not just in biotechnology or in smartphone apps, it’s also research to change the way people and goods get from point A to point B. This is the future of New Jersey,” said Gov. Phil Murphy.
The National Aviation Research and Technology Park is dedicated to facilitating research and development in aviation and aerospace technology. But, the tech center isn’t just a hub for aerospace innovation like commercial space flights, it’s also a space where emerging aviation technology is created.
The new campus is adjacent to the Federal Aviation Administration’s technical center, which has been in its current location for 61 years.
Senate President Steve Sweeney says that this new research hub is an opportunity to diversify South Jersey’s economy beyond gambling.
The tech center and its tenants currently employ about 4,500 people, but the FAA projects the center will bring over 8,000 jobs once all seven planned building are completed.