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Business and Industry

Strong & Growing

Madison’s major businesses include Pfizer, Verizon, Maersk, Quest Diagnostics and Bausch & Lomb Global Pharmaceuticals. Other major employers include Drew University and the Madison Area YMCA. There are no major industrial properties in Madison.

All of the major corporate residents above, except Verizon, are located in the Giralda Farms Corporate Campus, a 384-acre property located near Madison’s western edge. Giralda Farms, part of the estate of the late Geraldine Rockefeller Dodge, is a heavily wooded and gated campus, and is one of New Jersey’s finest corporate environments. Commencing in 1982, a master plan and infrastructure were put in place to attract the corporate offices of Fortune 500 companies. The Madison part of the campus is fully developed, except for one parcel approved for RXR Corporation to build a 436,000-square-foot office building.

The Giralda Farms corporate campus is located within the larger Route 24 Corridor sub-market, which extends from Short Hills to Madison and includes Chatham and Florham Park. This sub-market, which is known for its abundance of first-class amenities, is regarded as one of the most desirable sub-markets in New Jersey.

Madison is also a large banking center, with branches of Investors Savings Bank, Provident, Somerset Hills, Hudson City Savings Bank, Chase, PNC, Wachovia, Union Center, Hilltop and Bank of America lining up along Main Street and the surrounding areas. Homebuilders and local construction trade experts have been a boon to the borough as well.