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New Jersey has a tradition of invention, distinguished
academic and corporate research facilities, a diversified
technology base, engineering talent pools, nearby markets,
and active entrepreneurial networks. New Jersey alone
accounts for 10-15% of all R&D dollars spent annually
in the United States. New Jersey is a global leader
in the drug and biotech industry with 21 of the world's
largest pharmaceutical and medical technology companies
based in the state including Merck, Johnson & Johnson,
Wyeth, BD, and Schering-Plough. New Jersey is also a
communications leader with Verizon, Telcordia, SBC/AT&T,
and Alcatel-Lucent locally domiciled.
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