The gains for job seekers are generous in the life sciences industry, with compensation last year averaging $126,130 annually (up from $122,000 in 2006), according to a survey by the HealthCare Institute of New Jersey that William R. Healey, its executive vice president, referred to at the conference.
Biotech Companies Urge Ties to Academia, Government need qualified people in quality assurance, lab in each of them, Socolow said. The WIRED securities and commodities brokers, who By Shankar P. research and product development, against grants are to create work opportunities in took home an average $147,000 in 2006, the the backdrop of a regulatory regime that is biosciences for under-represented youth report says. INDUSTRY, ACADEMIA AND government perceived to be more stringent than before. through industry and academic clusters, For New Jersey to fill more of the life sci- need to work together more closely to supply Socolow said a major initiative under among other efforts. ences career openings, educators have to the state’s life sciences way is to leverage a $5 million grant The gains for job seekers are generous enthuse and direct more students to those PHARMACEUTICAL companies with the received by Hunterdon, Mercer, Mid- in the life sciences industry, with compensa- options, said Jane Oates, executive director of the talent they need, David Socolow, the state’s dlesex, Monmouth and Somerset counties tion last year averaging $126,130 annually New Jersey Commission on Higher Education. commissioner for labor and work force devel- under the federal WIRED program, or (up from $122,000 in 2006), according to a “Psychology was the number-one sub- opment, told a BioTalent Forum conference at Workforce Innovation in Regional Econom- survey by the HealthCare Institute of New ject New Jersey’s students majored in” in Raritan Valley Community College last week. ic Development. Jersey that William R. Healey, its executive 2008, she said. “We have to change that. If Executives from Johnson & Johnson, New Jersey has received two similar vice president, referred to at the conference. you want to change that, major in math or ImClone, LifeCell and Medarex said in a panel grants, and Gov. Jon S. Corzine has Pharmaceutical and biotechnology industry hard sciences.” ◆ discussion at the conference that they mostly approved investing an additional $500,000 compensation levels ranked second only to E-mail to email@example.com. seem extremely questionable,” he said. “We’re get private capital involved in owning infra- RAIL Plan Could Include Collecting Tolls, Annual Fee not just talking about a big skyscraper. We are structure we already built and paid for,” Wis- ➤➤ Continued from page 5 talking way above that.” niewski said. “A lot of people, including myself, But Wisniewski said an investment in a rail said, ‘If it’s already paid for, why are we giving NJ Transit, the lead agency in the tunnel and the Province of New Brunswick that was tunnel between New Jersey and Manhattan is somebody else an opportunity to profit from project, said it’s too late to pursue a public-pri- built by private investors between 1993 and “one of the sure bets” for an investor in this it?’ A public-private tunnel project would be vate partnership now that planning and fund- 1997. The private entity, called Strait Crossing economy. “For those looking for places to invest private capital to build something new.” ing for the rail line is nearly complete. “We Development Inc., now charges tolls and col- their money, one thing is sure — trains will con- The rail tunnel, which is planned to con- can’t go back to start that kind of framework lects an annual fee from Canada’s federal gov- tinue to go under the Hudson,” Wisniewski said. nect New Jersey and New York Penn Station, is now,” said Paul Wyckoff, senior director of ernment until 2032, when the federal govern- Wisniewski acknowledged that the pub- expected to increase the number of trains shut- public affairs for the tunnel project at NJ Tran- ment would take over the bridge. lic-private partnership is similar, in some ways, tling between the states at rush hour from 23 to sit. “We are too far along.” “Why can’t we do that?” Wisniewksi said. to Gov. Jon S. Corzine’s doomed plan earlier 48 per hour, taking more cars off the roads. Wisniewski said the state could begin “One challenge can be finding an this year to “monetize” the toll
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