Highlighting Economic Output and Innovation of the Bayway Industrial Complex on MYB – New Jersey Business & Industry Association

Economic Impact Analysis of Bayway Industrial Complex Highlights Sustainable Development Goals

Overview of the Press Conference

During the recent episode of Minding Your Business on News 12+, key findings from an economic impact analysis of the Bayway Industrial Complex in Linden were presented. This analysis was conducted collaboratively by the New Jersey Business & Industry Association (NJBIA) and the New Jersey Institute of Technology (NJIT).

Vision for Innovation and Sustainable Development

Michele Siekerka, President & CEO of NJBIA, emphasized the organization’s vision for New Jersey to reclaim its status as the “Innovation State.” The Bayway Industrial Complex exemplifies this vision through its activities in:

• Safe refining
• Chemical manufacturing
• Power generation
• Environmental services
• Fuel logistics

These sectors contribute significantly to sustainable economic growth, aligning with several Sustainable Development Goals (SDGs), including:

1. SDG 8: Decent Work and Economic Growth
2. SDG 9: Industry, Innovation, and Infrastructure
3. SDG 7: Affordable and Clean Energy
4. SDG 12: Responsible Consumption and Production
5. SDG 13: Climate Action

Key Speakers at the Event

The press conference featured prominent leaders who discussed the economic and sustainable development impacts of the Bayway Industrial Complex:

• Don Susanen, General Manager, Phillips 66
• Congressman Tom Kean (NJ-07)
• Assemblywoman Vicky Flynn (R-13)
• Assemblyman Bill Spearman (D-5)
• Derek Armstead, Mayor of Linden
• Lisa Barra, Public Affairs Advisor, Phillips 66

Alignment with Sustainable Development Goals

The Bayway Industrial Complex’s operations and the economic impact study underscore the following SDG priorities:

• Economic Growth and Employment (SDG 8): The complex supports job creation and economic stability in the region.
• Innovation and Infrastructure (SDG 9): Investments in safe refining and chemical manufacturing promote sustainable industrialization.
• Environmental Sustainability (SDG 12 & 13): Environmental services and responsible fuel logistics contribute to reducing the ecological footprint.
• Energy Sustainability (SDG 7): Power generation initiatives focus on clean and affordable energy solutions.

About NJBIA’s “Minding Your Business” Program

Minding Your Business is a weekly television show produced by NJBIA that highlights business and economic developments in New Jersey. The program has been recognized with seven Telly Awards over the past three years, including a prestigious gold Telly Award in 2024 in the Interview & Talk Show category, reflecting its commitment to quality and informative content.

1. Which SDGs are addressed or connected to the issues highlighted in the article?

1. SDG 8: Decent Work and Economic Growth
   • The article discusses an economic impact analysis of the Bayway Industrial Complex, highlighting innovation, manufacturing, and power generation, which are key drivers of economic growth and employment.
2. SDG 9: Industry, Innovation, and Infrastructure
   • The focus on innovation in safe refining, chemical manufacturing, power generation, and environmental services aligns with building resilient infrastructure and fostering innovation.
3. SDG 7: Affordable and Clean Energy
   • Power generation and fuel logistics mentioned in the article relate to energy production and distribution.
4. SDG 11: Sustainable Cities and Communities
   • Local government involvement (Linden Mayor) and industrial complex development relate to sustainable urban development.
5. SDG 12: Responsible Consumption and Production
   • Safe refining and chemical manufacturing imply responsible industrial processes.
6. SDG 13: Climate Action
   • Environmental services and innovation in industrial processes suggest efforts towards climate mitigation.

2. What specific targets under those SDGs can be identified based on the article’s content?

1. SDG 8: Decent Work and Economic Growth
   • Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation.
   • Target 8.3: Promote development-oriented policies that support productive activities and decent job creation.
2. SDG 9: Industry, Innovation, and Infrastructure
   • Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and GDP.
   • Target 9.5: Enhance scientific research, upgrade technological capabilities of industrial sectors.
3. SDG 7: Affordable and Clean Energy
   • Target 7.1: Ensure universal access to affordable, reliable, and modern energy services.
   • Target 7.2: Increase substantially the share of renewable energy in the global energy mix.
4. SDG 11: Sustainable Cities and Communities
   • Target 11.6: Reduce the adverse per capita environmental impact of cities.
5. SDG 12: Responsible Consumption and Production
   • Target 12.4: Achieve environmentally sound management of chemicals and wastes.
6. SDG 13: Climate Action
   • Target 13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

1. Economic Impact Analysis Results
   • Implied indicator: Economic productivity and contribution of the Bayway Industrial Complex to local and state economy (e.g., GDP contribution, employment rates).
2. Innovation and Industrial Output
   • Implied indicator: Number or scale of innovative industrial activities such as safe refining, chemical manufacturing, and power generation advancements.
3. Energy Production and Logistics
   • Implied indicator: Amount and type of energy produced and distributed, including the share of clean or renewable energy.
4. Environmental Services and Safety
   • Implied indicator: Environmental impact metrics such as emissions levels, waste management efficiency, and safety standards compliance.
5. Community and Government Engagement
   • Implied indicator: Level of local government involvement and support for sustainable industrial development.

4. Table: SDGs, Targets and Indicators

Source: njbia.org