New Jersey
Netflix plans $900M facility at former New Jersey Army base
Netflix mentioned Wednesday it plans to construct a state-of-the-art manufacturing facility at a former Military base on the Jersey Shore that can value greater than $900 million, and create 1000’s of jobs.
The subscription video streaming firm pays $55 million for a 292-acre web site on the previous Fort Monmouth army base in Eatontown and Oceanport.
The California-based firm plans a further $848 million value of investments in 12 sound phases and for different makes use of associated to the movie business.
“We’re thrilled to proceed and increase our vital funding in New Jersey and North America,” mentioned Ted Sarandos, the corporate’s co-CEO and chief content material officer. “We imagine a Netflix studio can enhance the native and state financial system with 1000’s of latest jobs and billions in financial output, whereas sparking a vibrant manufacturing ecosystem in New Jersey.”
The announcement was made Wednesday night, following a vote by the Fort Monmouth Financial Revitalization Authority to simply accept Netflix’s bid over three competing provides.
“This transformative funding will function a cornerstone in our efforts to create a thriving business from complete material,” mentioned New Jersey Gov. Phil Murphy, a Democrat. “On account of almost a billion {dollars} in movie manufacturing spending, New Jersey will additional solidify its standing as an rising nationwide chief within the tv and movie industries.”
He additionally mentioned the venture will create new housing, lodge and film-related companies within the space, which has suffered economically for the reason that Military closed the bottom in 2011.
The venture is because of be accomplished in two phases over the course of a number of years.
The primary will embrace the development of a dozen sound phases, every ranging in dimension from 15,000 to 40,000 sq. ft (round 1,400 to three,700 sq. meters).
Further work might embrace workplace area, manufacturing providers buildings and associated studio area with the potential for consumer-focused parts together with retail makes use of.
“We’re thrilled by the promise this Netflix venture will ship,” mentioned Michele Siekerka, president and CEO of the New Jersey Enterprise and Trade Affiliation. “Jobs and innovation are on the coronary heart of this Netflix-New Jersey partnership, simply as they had been all through Fort Monmouth’s wealthy historical past.”
The plan nonetheless wants quite a few ranges of approvals from native and state officers.
One other TV and movie manufacturing studio is about to be inbuilt New Jersey on the location of a now-demolished public housing advanced in Newark. The $125 million, 12-acres studio might be anchored by international leisure supplier Lionsgate, officers introduced in Might.
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Comply with Wayne Parry on Twitter at www.twitter.com/WayneParryAC
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New Jersey
NJ will commemorate these anniversaries in 2025. Here are some fun facts about our history
1-minute read
New Jersey will mark some significant anniversaries in 2025, as you might expect from one of the original 13 colonies in advance of the nation’s 250th anniversary in 2026.
While the anniversaries listed below are centuries old, there are certainly many other days worthy of commemoration in New Jersey in 2025.
The bullet points are a quick and easy way to learn some fun facts about New Jersey’s history.
Enjoy!
- 1775: First Provincial Congress of New Jersey — The First Provincial Congress of New Jersey convened in Trenton in 1775 to establish Colonial governance amid revolutionary unrest. Delegates replaced the royal governor, authorized the issuance of paper currency to support militia efforts and enforced fines on those refusing military service shortly after the American Revolution kicked off. This assembly marked New Jersey’s initial steps toward independence, shaping its role in the war and laying the groundwork for state governance.
- 1825: Queen’s College renamed Rutgers College — Rutgers was one of the nation’s first higher-education institutions. Founded in 1766, when the Colonies were on better terms with England, it was originally named for Great Britain’s queen. Now the state university of New Jersey, the school was given a new name in 1825 to honor Revolutionary War hero and benefactor Col. Henry Rutgers. The colonel donated a college bell and $5,000, saving the institution from financial hardship and setting it on a course to become a major public research university.
- 1875: Prudential Friendly Society founded — In 1875, John Fairfield Dryden founded the Prudential Friendly Society in Newark, pioneering life insurance accessibility for the working class. Dryden’s was the first U.S. company to offer industrial life insurance, which provided small policies with affordable premiums to the working class. The company’s “insurance for the people” philosophy became a cornerstone of its success. Prudential later evolved into a major global financial services provider, but its Newark roots and famed headquarters remain central to its legacy.
- 1875: State constitution amended — Also in 1875, New Jersey amended its 1844 constitution to reflect post-Civil War changes. The change was made to align with the federal 14th and 15th amendments and ensure equal protection and voting rights. The amendment, however, also mandated the establishment of a “thorough and efficient” system of free public schools, cementing the state’s commitment to universal education, yet leaving much up to interpretation. The adjectives nonetheless stuck when the state constitution was rewritten in 1947.
- 1925: Mary Teresa Norton takes office — Mary Teresa Norton in March 1925 became the first woman to represent New Jersey or any state in the Northeast in the U.S. House of Representatives. Representing North Jersey’s 13th District, she was a trailblazer in labor rights, social welfare and women’s issues. Norton, who served until 1951, chaired key committees, including the House Labor Committee. She also played a vital role in shaping the Fair Labor Standards Act. Her historic tenure set a precedent for women’s leadership in American politics.
More about 2025 in New Jersey
NewJerseyDevils.com is the official web site of the New Jersey Devils, a member team of the National Hockey League (“NHL”). NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2024 New Jersey Devils and the National Hockey League. All Rights Reserved.
NewJerseyDevils.com is the official web site of the New Jersey Devils, a member team of the National Hockey League (“NHL”). NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2024 New Jersey Devils and the National Hockey League. All Rights Reserved.
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