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International Trade Center
The International Trade Center is a multi-acre office park in Mount Olive, New Jersey. Formerly the site of BASF until 2004, it is currently home to facilities of L3 Technologies, Bosal USA, Coherent Advanced Crystal Group, Vistar, and Robertet, among others. A Residence Inn by Marriott and Mount Olive station are on the grounds. The Center is designated as a foreign trade zone by the State of New Jersey New Jersey is a state located in both the Mid-Atlantic and Northeastern regions of the United States. Located at the geographic hub of the heavily urbanized Northeast megalopolis, it is bordered to the northwest, north, and northeast .... The International Trade Center was developed by New Jersey Foreign Trade Zone Venture, a joint venture between Rockefeller Group Real Estate & CJ Follini on behalf of Edenwald FTZ Development, one of the companies of the Follini family office. The development has recently been valued at over $975 million dollars. References ...
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Office Park
A business park or office park is a designated area of land in which many office buildings are grouped together. These types of developments are often located in suburban areas where land and building costs are more affordable, and are typically situated near major highways, roads, or train stations for easy access. Criticism While business parks can provide many benefits, such as providing employment opportunities and boosting the local economy, they can also have negative impacts on surrounding areas and communities. The impact of business parks on surrounding areas and communities has been criticized: *Large gaps between urbanized zones, increasing the suburban sprawl. *The appearance of the buildings. *Obsolescence, vacancy, and disrepair. To mitigate these negative effects, businesses and developers can take steps such as incorporating green spaces and sustainable design features into the business park, as well as maintaining and updating the buildings to prevent obsolesc ...
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Mount Olive, New Jersey
Mount Olive Township is a township in western Morris County, in the U.S. state of New Jersey. As of the 2020 United States census, the township's population was 28,886, its highest decennial census count ever and an increase of 769 (+2.7%) from the 2010 census count of 28,117, which in turn reflected an increase of 3,924 (+16.2%) from the 24,193 counted in the 2000 census. The Township of Mount Olive was formed by an act of the New Jersey Legislature on March 22, 1871, from portions of Roxbury Township.Snyder, John P''The Story of New Jersey's Civil Boundaries: 1606-1968'' Bureau of Geology and Topography; Trenton, New Jersey; 1969. p. 195. Accessed May 30, 2024.
Mount Olive Township. Accessed December 25, 2016. "The beginning of the first hundred years was on March 22, 1871, when Mt. Olive was created through the splitting of the area then kn ...
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BASF
BASF SE (), an initialism of its original name , is a European Multinational corporation, multinational company and the List of largest chemical producers, largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany. BASF comprises subsidiary, subsidiaries and joint ventures in more than 80 countries, operating six integrated production sites and 390 other production sites across Europe, Asia, Australia, the Americas and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. Despite its size and global presence, BASF has received relatively little public attention since it abandoned the manufacture and sale of BASF-branded consumer electronics products in the 1990s. The company began as a dye manufacturer in 1865. Fritz Haber worked with Carl Bosch, one of its employees, to invent the Haber-Bosch, Haber-Bosch process by 1912, after which the company grew rapidly. In 1925, the company merged with ...
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L3 Technologies
L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance and reconnaissance ( C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products. Its customers included the Department of Defense, Department of Homeland Security, United States Intelligence Community, NASA, aerospace contractors, and commercial telecommunications and wireless customers. In 2019, it merged with Harris Corporation to form L3Harris Technologies. L3 was headquartered in Murray Hill, Manhattan, New York City. History L3 was formed as L-3 Communications in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged three years before in 1993. The company was founded by (and named for) Frank Lanz ...
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Robertet
Robertet Group is a French fragrance and flavor manufacturer that specializes in natural raw materials founded in 1850. Robertet is a member of the European Flavour Association. In 2021, Robertet ranked 12th on FoodTalks' Global Top 50 Food Flavours and Fragrances Companies list. Presentation The group is a publicly traded, listed on the Euronext Paris with Ticker Symbol: RBT Robertet is among the top ten developers of flavor and perfume additives and ingredients. It operates factories in Grasse, France (headquarters) Turkey, South Africa, Madagascar, New Caledonia, Brazil, China, Singapore, UK and the US, and has a presence in about 50 countries. Robertet is managed and controlled by the fourth and fifth generation of Maubert family members: Philippe Maubert (Chairman), Christophe Maubert (Head of the perfumery division), Olivier Maubert (Head of the Flavourings division), Julien Maubert (Raw Materials Director) and Arthur Le Tourneur d'Ison (Chief Growth officer). The c ...
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Residence Inn By Marriott
Residence Inn by Marriott is a brand of extended stay hotels. , there were 874 Residence Inn hotels in the United States, Canada and Mexico with 107,680 rooms, plus an additional 243 hotels with 30,417 rooms in the development pipeline. History The chain traces its roots back to in 1975, when Wichita, Kansas developer Jack DeBoer found himself with apartment properties that were facing unusually high vacancy rates. He repurposed one of the apartment buildings, converting the residential units to monthly rentals, and named it The Residence. In 1981, DeBoer and developer Robert L. Brock (then the largest franchisee of Holiday Inn), formed a joint venture, launching a chain called The Residence Inn. The hotels focused on the "extended-stay" market, a term they invented. The hotels were aimed at guests staying five nights or more, who would not need conventional daily hotel maid service, which reduced operational costs. Their guests were mostly business travelers on lengthy work ...
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Mount Olive Station
Mount Olive is an NJ Transit station in Mount Olive, New Jersey, located in the International Trade Center. The station, located on the side of Waterloo Valley Road, services trains for both the Montclair–Boonton Line and the Morristown Line along trackage owned by Norfolk Southern. The line is not electrified from Hackettstown to Dover, where passengers can transfer to an electric Morristown Line train via Summit or a diesel Montclair-Boonton train via Wayne and Montclair. Trains along both lines head to Hoboken Terminal in Hoboken, New Jersey or New York Penn Station at 34th Street in New York City, although Montclair-Boonton trains require a transfer at Montclair State University or Newark Broad Street for electrified service to New York. It is also the least-used station in the NJ Transit commuter rail network. History After the termination of Boonton Line passenger service to Washington in 1966, service terminated at Netcong station in Netcong. In 1994, stations we ...
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Foreign Trade Zone
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Definition The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services. Synonyms Free-trade zones are re ...
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State Of New Jersey
New Jersey is a state located in both the Mid-Atlantic and Northeastern regions of the United States. Located at the geographic hub of the heavily urbanized Northeast megalopolis, it is bordered to the northwest, north, and northeast by New York State; on its east, southeast, and south by the Atlantic Ocean; on its west by the Delaware River and Pennsylvania; and on its southwest by Delaware Bay and Delaware. At , New Jersey is the fifth-smallest state in land area. According to a 2024 U.S. Census Bureau estimate, it is the 11th-most populous state, with over 9.5 million residents, its highest estimated count ever. The state capital is Trenton, and the state's most populous city is Newark. New Jersey is the only U.S. state in which every county is deemed urban by the U.S. Census Bureau. It is the most densely populated U.S. state. New Jersey was first inhabited by Paleo-Indians as early as 13,000 BC. The Lenape were the dominant Indigenous group when Europea ...
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Business Parks Of The United States
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. Corporations are distinct from sole proprietors and partnerships. Corporations are separate and unique legal entities from their shareholders; as such they provide limited liability for their owners and members. Corpora ...
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