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NJIT's Campus Transformation is Fueled by a $300 Million Capital Building Program As a world-class technological research university, NJIT's economic impact on the State of New Jersey is pegged at $1.74 billion annually

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New Jersey Institute of Technology (NJIT) is on an unprecedented growth trajectory.

As detailed in “2020 Vision: A Strategic Plan for NJIT,” the university’s enrollment today is 11,325 and will soon grow to more than 12,000. Over the past few years we have hired almost 100 additional faculty members and upgraded more than a dozen research and teaching labs. New construction and important renovations are ongoing. As an engine driving New Jersey’s economic growth, NJIT’s impact continues to accelerate. Based on a recent economic impact analysis by Econsult Solutions Inc., NJIT generates an estimated $1.74 billion of economic activity annually.

A $300 Million Campus Building Program

A major investment of $86 million in the historic Central King Building (CKB),

a former public high school situated in the heart of the campus, was the first wave of a $300 million campuswide capital building program that is transforming teaching, research and community life at NJIT. Three other state-of-the-art buildings are major cornerstones of this far-reaching campus transformation: 

• A 981-space university parking garage opened last summer adjacent to NJIT’s business incubator.

• A 24,500-square-foot Life Sciences and Engineering Building is nearing completion. 

• A 200,000-square-foot multipurpose Wellness and Events Center (WEC) is slated to open in the fall. 

The WEC, which is a truly iconic building, includes multiple high-tech meeting rooms, indoor pool, track, social spaces, and a 4,500-seat conference space that transforms into a 3,500-seat sports arena.

A Common Purpose

While serving different sectors of campus life, these facilities have a common purpose: to promote a rich, collaborative learning climate.

Our aim at NJIT is to provide a world-class environment that encourages students, faculty, alumni and partners from industry, academia and government to share their experiences and ideas, generate new ones and successfully develop them. It was the state-initiated and voter-approved “Building Our Future Bond Act” that has fueled and empowered NJIT's campus transformation.

Two Colleges Named for Alumni 

Last year, we also celebrated the transformative vision and generosity of two alumni by naming the Martin Tuchman School of Management and the Ying Wu College of Computing. Both gentlemen are international leaders in innovation and entrepreneurship whose philanthropy supports high-achieving students, faculty, research and development. 

At NJIT we put our students at the center of all that we do, from our improving graduation rate and our first Fulbright scholar to the many young men and women who performed 45,000-plus hours of community service last year. We are proud of NJIT students and their significant achievements. Our students, faculty, staff, alumni, trustees and overseers have been integral in the planning of NJIT’s campus transformation.

NJIT will continue to be a catalyst for the development of the highly needed STEM workforce, and the science and technology driven economic development of Newark, the state and our nation. 

Joel S. Bloom is president of New Jersey Institute of Technology.

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Write to the Editorial Department at editorial@njbiz.com

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