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They're back! What drove the surprising rebound for these 2 mega-industries


They’re back! What drove the surprising rebound for these 2 mega-industries
Updated May 10, 2021;
Posted May 09, 2021
Debbie Hart, president and CEO of BioNJ at her office in Trenton. Friday, April 30, 2021Patti Sapone | NJ Advance Media
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For all the harm the coronavirus has done to New Jersey’s economy – the hundreds of thousands of residents still out of work and an estimated 30% of small businesses shuttered the pandemic also triggered explosive growth in a pair of critical technology industries.
New Jersey biotech and global pharmaceutical companies poured billions of dollars into research and development, most of it in the laboratories of pharmaceutical giants near Princeton. Separately, a sharp increase in internet usage by Wall Street, health care networks and homebound workers fueled construction of telecommunications data centers in northern New Jersey to house the switches and servers that power our digital lives. ....

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