Leading Supplier of Vitamins and Related Health Products Relies on New Jersey’s Highly Educated and Skilled Workforce
Trenton, NJ – Recognizing the manufacturing industry’s storied history in New Jersey and its current contributions to the state’s economy, Lt. Governor Kim Guadagno today toured Freehold-based International Vitamin Corporation (IVC), a manufacturer of vitamins and other health products. The visit marks the Lt. Governor's latest stop on her tour of New Jersey manufacturers, with a focus on jobs the manufacturing industry provides New Jersey workers and why New Jersey is an ideal location for manufacturing firms.
“New Jersey’s manufacturing heritage and leadership as the home for life sciences make our state an ideal location for International Vitamin Corporation,” said Lt. Governor Guadagno. “New Jersey’s workforce – the most skilled and highly educated in the nation – and our pro-business, pro-jobs policies are why IVC remains and expands in New Jersey, providing jobs for New Jersey workers.”
Privately held IVC produces high quality dietary supplements for leading retailers in the U.S., as well as nutritional, prescription and over-the counter products for contract customers. Some of IVC’s brands include Strestabs Energy, Stresstabs Relax, Posture-D, Spongebob Squarepants Gummies, Promega, Carn-Max, Protegra and All-Be.
IVC’s corporate headquarters is in Freehold where the company has a packaging facility, distribution center and manufacturing facility for its vitamin tablets, capsules, and chewables. The company also has a manufacturing facility in Irvington where it manufacturers over-the-counter, prescription and softgel medicines.
“It is our people that drive our business and I believe is it important to invest in the resources they need to be the best in our industry,” said Steven Dai, IVC’s president and CEO. “IVC has found the commitment from state officials to IVC’s success to be outstanding and it’s a large reason why we call New Jersey home.”
New Jersey, which is home to more than 20,000 manufacturers ranging from glass manufacturers to gourmet foods to pharmaceutical manufacturing, has 29.8 scientists and engineers per square mile, more than anywhere in the world.
To attract and retain manufacturers, New Jersey offers several incentives aimed at expanding the state’s economy. These incentives include tax exemption programs designed just for manufacturers; rebates and low-cost financing for renewable energy systems, equipment and technologies that save energy; grants for job growth that provide direct payments to businesses that create jobs in New Jersey; sales and use tax exemptions for the purchase of fixtures, furniture, building materials and equipment needed for business relocation; and workforce training grants that provide skilled training, education and a wide range of support to workers and employers.
Since taking office in January 2010, the Christie Administration has helped nearly forty-five manufacturers locate or expand in New Jersey, creating nearly 8,200 jobs, retaining more than 1,800 jobs and generating more than $2 billion in private investment in the state.
Led by Lt. Governor Guadagno, the New Jersey Partnership for Action (PFA) supports the vital role business plays in advancing the state's economy and creating jobs. The PFA is a three-pronged public-private approach to economic development and the starting point for all initiatives, policies, and efforts to grow New Jersey's economy and create quality, sustainable jobs in our communities. The three elements of the PFA include the Business Action Center, reporting directly to the Lt. Governor and providing the business community with a single point of contact, applying a proactive, customer-service approach to businesses' interactions with State government; the New Jersey Economic Development Authority, serving as the state's bank; and Choose New Jersey, Inc. an independently funded and operated 501(c)(3) nonprofit corporation created to market the state as an ideal location for business. Businesses considering a move or in need of assistance are encouraged to call New Jersey's Business Action Center at (866) 534-7789 or visit the State's Business Portal at www.newjerseybusiness.gov.