NJ BIZ: Norcross: Health care, higher education will save South

NEW JERSEY — Health care and higher education form the twin-engine economic vehicle that will lift Southern New Jersey out of its economic slump, said George E. Norcross III, chairman of Camden’s Cooper University Hospital, in a speech to the Tri-County Economic Development Summit on Friday.

Norcross said health care systems in the three counties — Camden, Burlington and Gloucester — have invested more than $1 billion in capital projects in the past decade, while Rowan and Rutgers Universities have poured millions into their campus expansions.

Next August, Rowan will open its new medical school in a partnership with Cooper, and within the next year, Cooper will begin construction of a $100 million cancer center, Norcross said.

The Tri-County Summit made several achievement awards, and the economic development award went to Virtua for its $96 million health and wellness center in Moorestown, set to open next year.

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