Nasdaq breaks ground on new facility in Middlesex County

A group of labor leaders, executives and elected officials, including U.S. Rep, Josh Gottheimer, D-5th District, came together in Carteret to celebrate the ceremonial groundbreaking of Nasdaq’s new state-of-the-art cloud infrastructure and data center facility May 3.

The project, which will double the size of Nasdaq’s existing facility in Carteret, is expected to create a slew of new jobs.

“Today is a day to celebrate Jersey’s economic growth and future successes,” Gottheimer said. “With the right policies in place, given all we have going for us in our great state, from our schools and talented workforce, to the lakes and beaches, to our pizza, bagels, and Bruce Springsteen, there is no better state to do business than New Jersey.”

He was joined by local and state elected officials and labor leaders including Assemblyman Joseph Egan, D-17th District, New Jersey State Building and Construction Trades Council President William Mullen, Middlesex County Building & Construction Trades Council President Kevin Duncan, Business Agent for the Middlesex County Area of Local 9 Jack Hoey, Nasdaq President and CEO Adena Friedman, Nasdaq North American Markets Executive Vice President Tal Cohen, Equinix President and CEO Charles Meyers, and AWS Worldwide Financial Services General Manager Scott Mullins.

“The greater New Jersey area is the financial capital of the entire world,” Gottheimer said. “Twenty percent of the nation’s GDP runs through here. The financial sector is not only key our region’s economy; it is literally the engine behind the global economy.”

The new facility will help bring markets to the cloud with AWS and Equinix.