Over the years, New Jersey has seen many of its large pharmaceutical companies abandon their corporate headquarters, which has in turn led to a disappearance of thousands of well-paying jobs. To combat this, Hackensack University Health Network and Seaton Hall University will be opening a private medical school. The plan is to establish hotels and related businesses around the new school to stimulate job growth and spending.
See "New Jersey Officials See Hope for Jobs in Seton Hall’s Medical School Plan", Patrick McGeehan, December 10, 2015