MCEDC Releases New 2026 Industry Data Sheets Highlighting Economic Strength and Growth
The Morris County Economic Development Corporation has released its newly updated 2026 Industry Data Sheets, offering fresh insights into the key sectors driving Morris County’s economic success. These updated resources provide businesses, site selectors, and stakeholders with valuable data on employment, salaries, industry output, and growth trends across Morris County’s strongest industries.
Recognized as a premier location for corporate headquarters, innovation, and workforce talent, Morris County continues to demonstrate economic resilience and growth across multiple sectors including Life Sciences, Technology, Financial Services, Healthcare, Manufacturing, Transportation & Logistics, and Aerospace & Defense. These newly updated 2026 data sheets highlight why Morris County remains one of the most competitive business environments in New Jersey and the broader Northeast region.
Life Sciences: A Global Hub for Innovation
Morris County continues to solidify its reputation as a nationally recognized life sciences and biotechnology hub. The presence of global companies such as Novartis, Bayer, Pfizer, and LEO Pharma supports a robust ecosystem of research, manufacturing, and distribution.
Key 2026 Highlights:
- 37,000+ employees in Life Sciences
- $7.9 billion GRP contribution
- $106,642 average salary (COL adjusted)
- Strong concentration of pharmaceutical, biotech, and research organizations
This concentration of industry leaders continues to attract investment, innovation, and high-quality talent to Morris County.
Technology: A Growing Innovation Economy
Morris County’s technology sector remains one of its fastest-growing employment clusters, driven by software development, cybersecurity, and FinTech innovation.
Key 2026 Highlights:
- 22,586 technology jobs
- $106,034 average salary
- $736 million GRP contribution
- Growth in cybersecurity, wireless technologies, and FinTech
With access to top talent and proximity to major metropolitan markets, Morris County continues to attract both emerging tech firms and established companies.
Financial Services: A High-Value Industry
The financial services industry in Morris County continues to be a powerful economic driver, supported by a highly skilled workforce and strong corporate presence.
Key 2026 Highlights:
- 24,000+ professionals in financial services
- 6,800+ core industry employees
- $185,508 average salary
- $3.7 billion GRP contribution
Morris County’s central location, business-friendly environment, and access to global markets make it an attractive destination for financial firms and corporate headquarters.
Healthcare (Excluding Biomedicine and Pharma): A Growing Workforce
Healthcare continues to be one of Morris County’s largest and fastest-growing sectors, supported by world-class medical institutions and providers.
Key 2026 Highlights:
- 18,400 healthcare employees
- $83,245 average salary
- $2.4 billion GRP
- 1,600 healthcare and wellness companies
With leading hospitals and expanding healthcare services, the industry continues to play a major role in both economic development and quality of life.
View the 2026 Industry Data Sheets:
https://morriscountyedc.org/come-to-morris-county/morris-county-key-industries-and-services/