Toms River, a bustling township in Ocean County, New Jersey, has grown from its humble beginnings into a vibrant community with diverse and thriving business sectors. Nestled along the Jersey Shore, Toms River boasts a rich history, scenic landscapes, and a strategic location that has fueled its economic growth. This article delves into the major industries driving Toms River’s economy, offering insights into how each sector contributes to the township’s prosperity.
Healthcare: The Pillar of Toms River’s Economy
The healthcare industry is one of the most significant contributors to Toms River’s economy. The township is home to several prominent medical facilities, including the Community Medical Center, a flagship hospital of the RWJBarnabas Health system. As the largest non-teaching hospital in New Jersey, Community Medical Center plays a crucial role in providing high-quality healthcare services to residents not only of Toms River but also of the surrounding areas.
The healthcare sector in Toms River extends beyond hospitals to encompass a range of medical practices, urgent care centers, specialized clinics, and rehabilitation facilities. This diverse array of healthcare providers ensures comprehensive care for the community and creates numerous employment opportunities. The influx of aging baby boomers into the area has further heightened the demand for healthcare services, making it a resilient and expanding industry.
Education and Research: Fostering Innovation and Learning
Education is another cornerstone of Toms River’s economic landscape. The Toms River Regional School District, one of the largest suburban school districts in the state, serves thousands of students across multiple schools. The district’s commitment to excellence in education has made it a magnet for families seeking quality schooling for their children.
In addition to primary and secondary education, Toms River benefits from the presence of Ocean County College (OCC). OCC provides higher education opportunities and is a hub for research and innovation. The college’s partnerships with local businesses and industries help bridge the gap between academia and the workforce, ensuring that students are well-prepared for the job market demands.
The emphasis on education in Toms River extends to adult and continuing education programs, which offer residents opportunities for lifelong learning and professional development. These programs are vital in equipping the workforce with new skills and knowledge, enhancing the township’s overall economic vitality.
Retail and Commerce: A Shopper’s Paradise
Retail and commerce form a dynamic sector of Toms River’s economy, driven by a mix of local businesses and national chains. The township boasts a variety of shopping centers, including the Ocean County Mall, which serves as a central retail hub for the region. The mall and other shopping plazas and standalone stores attract shoppers from neighboring towns, bolstering the local economy.
In addition to traditional brick-and-mortar stores, Toms River has seen a rise in e-commerce businesses. Local entrepreneurs have embraced online retail, leveraging the internet to reach a broader customer base. This shift towards digital commerce has been accelerated by the COVID-19 pandemic, which underscored the importance of online presence.
The retail sector in Toms River is characterized by a diverse range of offerings, from fashion and electronics to specialty stores and artisanal products. This diversity not only caters to consumers’ varied preferences but also fosters a vibrant and competitive market environment.
Tourism and Hospitality: Capitalizing on Coastal Charm
Thanks to its picturesque location along the Jersey Shore, tourism and hospitality are vital components of Toms River’s economy. The township’s scenic beaches, marinas, and parks attract tourists year-round, contributing significantly to local revenue. During the summer months, the influx of visitors seeking sun, sand, and surf substantially boost businesses in the hospitality industry.
Hotels, motels, bed-and-breakfasts, and vacation rentals thrive in Toms River, catering to tourists’ diverse needs. Additionally, the township’s restaurants, cafes, and entertainment venues experience a surge in business during peak tourist seasons. The local government and business associations have proactively promoted Toms River as a prime tourist destination, organizing events and festivals that draw crowds and stimulate the economy.
Beyond the beaches, Toms River offers various attractions, such as the River Lady Cruise, a paddleboat that provides scenic tours along the Toms River, and the Insectropolis, a unique bug museum that fascinates visitors of all ages. These attractions and the township’s natural beauty ensure that tourism remains a robust industry.
Manufacturing and Industrial Growth: Building the Future
While not as prominent as some other industries, Toms River’s manufacturing sector plays a crucial role in the township’s economy. Industrial parks and manufacturing facilities provide jobs and support local businesses. Industries such as plastics, chemicals, and construction materials have a foothold in Toms River, contributing to local and regional economic growth.
The township’s strategic location, with easy access to major highways and ports, makes it an attractive site for manufacturing and distribution operations. Companies benefit from logistical advantages allowing them to move products and materials efficiently. Additionally, with incentives and support from local government, Toms River’s business-friendly environment encourages industrial growth and investment.
Real Estate and Development: Shaping the Skyline
Toms River’s real estate and development sector is a dynamic force, driving both residential and commercial growth. The demand for housing has surged, spurred by the township’s appeal as a family-friendly community with excellent amenities and services. New housing developments, ranging from single-family homes to apartment complexes, are continually being constructed to meet this demand.
Commercial real estate is also thriving, with new office spaces, retail centers, and mixed-use developments enhancing the township’s infrastructure. These projects provide space for businesses to operate, create construction jobs, and stimulate related industries.
The real estate market in Toms River benefits from the township’s strategic location, quality of life, and robust economic base. As a result, property values have seen steady appreciation, making real estate a lucrative sector for investors and developers.
Toms River’s thriving business sectors paint a picture of a vibrant and resilient community. Each industry contributes to the township’s economic success, from healthcare and education to retail, tourism, manufacturing, and real estate. As Toms River continues to grow and evolve, its diverse industries will remain the backbone of its prosperity, ensuring a bright future for its residents and businesses.