Lights, Camera, CASH! 💰 NJ Film Boom is Creating Thousands of Jobs and Giving Local Businesses a 30% Boost!
the staff of the Ridgewood blog
Ridgewood NJ, New Jersey is rapidly transforming into a movie and television production powerhouse, and the impact is being felt far beyond the studio lots. The state’s aggressive efforts to attract productions are paying dividends for local economies and small businesses across the Garden State.
1,500+ Permanent Jobs and Nearly $1 Billion of Planned Capital Investment in Monmouth County
the staff of the Ridgewood blog
Trenton NJ, Netflix announced that the entertainment company will develop a state-of-the-art East Coast production facility on the former Fort Monmouth campus in Monmouth County, transforming a property that has been largely vacant for more than a decade into an economic engine that is estimated to create more than 1,500 permanent production jobs and more than 3,500 construction-related jobs in New Jersey. Netflix plans to commit $848 million in capital investments to develop the more than 292-acre parcel, adjacent to Route 35 in Eatontown and Oceanport, into 12 state-of-the-art soundstages totaling nearly 500,000 square feet of new development, with the remainder of the property slated for redevelopment with supporting film uses and several community amenities.
Oceanport NJ, Streaming giant Netflix appears to be the top bidder in the race for Fort Monmouth’s Mega Parcel, the single largest property ever put up for sale at the former U.S. Army base.