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Leverage the Region’s ‘Eds and Meds’ Industry to Create Spin-Off Businesses

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An Initiative is a coordinated effort designed to achieve a Goal. Initiatives contain Actions that, when executed together, will help the City achieve one or more of its Goals.

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Considering the Bucks/Mercer region’s employment concentration in the growing ‘eds and meds’ sector, Trenton is well-positioned to take advantage of this growth. A potential focus for Trenton is the med/tech industry, such as the production of medical equipment, product development, laboratory technical work, and smaller-scale distribution activity. This emphasis could strengthen and exploit some of the industry’s assets that remain in Trenton, particularly Capital Health Regional Medical Center’s campus at 750 Brunswick Avenue that retains many medical functions and specialties but has reduced its physical presence. This facility, with surplus capacity and land, is located in the vicinity of Route 1 and New York Avenue targeted for industrial development.
The City must focus on fostering partnerships and connections with the ‘eds and meds’ industry. The goal should be to identify their needs and opportunities and how that can result in new spin-off startup businesses that can employ Trenton residents. As with the more traditional industrial development efforts, it is also fostering relationships between businesses and educators to match training with ‘eds and meds’ employer needs. As such, this initiative is linked to the implementation of the Nurture a City-Based Industrial Workforce Initiative identified in this report, and the Job and Career Pathways Initiative identified in the Education and Workforce Development Report. Specifically, the City will need to support the effort to match prospective businesses with appropriate employees who have the skills they need. This will require a partnership between ‘eds and meds ‘industry leaders to assess employment and production needs that can be fulfilled in Trenton.

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