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New Jersey Wins Quest Diagnostics Business with $18.5M in Incentives

Quest Diagnostics International, the diagnostic information company, will consolidate its corporate headquarters and support services in Secaucus, N.J., the company said Monday. The decision will keep Quest in the Garden State after a national real estate search that included Tampa, FL and other undisclosed locations.

New Jersey officials said they had approved Quest for a 10-year, $18.5 million award in the Grow New Jersey program.

Quest will relocate its corporate headquarters from Madison to 500 Plaza Drive in Secaucus, where it will consolidate its support services, currently based in Lyndhurst, when current leases expire in September 2017. The new office location will be used by about 600 employees. The $7.4 billion company employs over 2,300 people in the state—just 5% of the more than 45,000 people it employs altogether.

“This decision best serves our shareholders and employees,” Steve Rusckowski, President and CEO, said in a company statement. “Our move to Secaucus allows us to retain our New Jersey employees while being in better proximity to public transportation and many of our major healthcare partners. We have deep roots in New Jersey, and we look forward to continue innovating and empowering better health with diagnostics insights in the Garden State.”

“Quest Diagnostics is a great example of how New Jersey’s economic climate gives businesses the opportunity to expand and create jobs,” Lt. Gov. Kim Guadagno said in a statement. “Quest has proven their confidence in our state and, as a result, will maintain nearly 600 jobs at their new headquarters in Secaucus. I look forward to seeing Quest continue to flourish and continue creating jobs.”

About Warren Strugatch

Warren Strugatch
Warren Strugatch is a writer, speaker and consultant based in Stony Brook, NY. He covers economic development, global business, management and marketing.