Morris County Economic Development Corporation

Name

Morris County Economic Development Corporation

Legal name

Morris County Economic Corporation

Website

https://morriscountyedc.org

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Morris County Economic Development Corporation (MCEDC) is a 501c6 non-profit organization and division of the Morris County Chamber of Commerce that drives economic growth in Morris County, NJ through business attraction, retention, expansion, workforce development, and market research services.

Ownership category

akta.pro rank

Headquarters

HQ city

Florham Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Membership Partnerships: MCEDC generates revenue through tiered partnership and sponsorship programs at Sustaining ($5,000), Supporting ($2,500), Partner ($1,500), Legacy ($1,000), Patron ($500), and Sole Proprietor/Nonprofit levels. These partnerships provide marketing benefits, event access, market research services, and networking opportunities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

MCEDC delivers economic development services focused on business attraction, retention, and expansion within Morris County, NJ. Its portfolio includes market research and data services, workforce development programs, commercial real estate site selection assistance, and business counseling. The organization also operates the Connect To Morris online job portal and runs tiered annual partnership/sponsorship programs that provide marketing visibility, networking, and event access to participating organizations.

Product overview

Morris County Economic Development Corporation (MCEDC) offers a portfolio of economic development services organized around business attraction, retention, and expansion. The core offerings include market research and data services, workforce development programs, commercial real estate assistance, and business counseling. Digital services include the Connect To Morris job portal and Start Up Move Up Morris webinar initiative. The organization also facilitates industry roundtables, entrepreneur peer groups, and municipal councils to foster collaboration between businesses and government.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Attraction Services Programs and initiatives designed to attract new businesses to Morris County, including marketing the county's assets and facilitating site selection for relocating or expanding companies.
• Business Retention and Expansion (BRE) Outreach programs that connect existing Morris County businesses with resources to support their growth, address operational challenges, and retain operations within the county.
• Market Research and Data Services Research and data services for local companies and firms considering Morris County for expansion, including demographic reports, industry performance reports, real estate data, and job profile analytics; hours bundled into partnership tiers (1 to 12 hours annually depending on level).
• Workforce Development Programs Programs that bridge the talent pipeline for Morris County employers, including workforce development panels, industry roundtables, and connections to the Morris-Sussex-Warren Workforce Development Board and One-Stop Career Centers.
• Commercial Real Estate Assistance Site selection assistance, commercial real estate market data, and connections to available properties for businesses looking to locate or expand in Morris County; offered as an optional add-on to Sustaining and Supporting partnerships with property listings.
• Connect To Morris Job Portal Self-serve online job portal that allows job seekers to search and apply for positions while enabling Morris County employers to attract and find talent.
• Business Counseling Services Advisory services connecting Morris County businesses with resources, counseling, and operational support for business growth and problem-solving, available by appointment.

Quantifiable outcome

• 800+ headquarters locations in Morris County
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and major.

• Morris County Chamber of CommercecoreStrategic or Co-development PartnerMCEDC is a division of the Morris County Chamber of Commerce, a 501c(6) business association. The Chamber represents over 750 members and provides networking events, professional development, and business support. MCEDC operations are overseen within this ecosystem.
• Morris County Economic Development AlliancecoreStrategic or Co-development PartnerA 501c3 nonprofit DBA of the Tourism Bureau that focuses on Market-Centric Solutions, Community, and Regionalized Economic Development. Part of the MCCC Ecosystem.
• Morris County Tourism BureaucoreStrategic or Co-development PartnerOfficial Destination Marketing Organization (DMO) for Morris County, NJ. A division of the Alliance.
• Connect To MorriscoreStrategic or Co-development PartnerOnline job portal connecting jobseekers with positions while allowing employers to attract talent. Operated by MCEDC.
• Morris County Board of CommissionerscoreStrategic or Co-development PartnerPublic partner in the private-public partnership driving economic growth in Morris County.
• New Jersey Business Action CentermajorStrategic or Co-development PartnerState-level partner that works with businesses to find solutions for unique business needs.
• ChooseNJmajorStrategic or Co-development PartnerState economic development partner for business attraction and growth initiatives.
• Picatinny ArsenalmajorStrategic or Co-development PartnerCounty largest employer and military base focused on defense technology. MCEDC partners with Picatinny Arsenal to promote Morris County's defense industry.
• Morris-Sussex-Warren Workforce Development BoardcoreStrategic or Co-development PartnerResponsible for planning, policy guidance and oversight of workforce development system. Oversees One-Stop Career Center System in Morris, Sussex, and Warren Counties.
• One-Stop Career CenterscoreStrategic or Co-development PartnerFree services for job seekers (assessment, training, job fairs) and employers (recruitment, screening, customized training) in Morris County.
• Center for Business & Technology (County College of Morris)majorStrategic or Co-development PartnerDelivers cost-effective workforce training programs for small, medium, and large businesses in Morris County area.
• New Jersey Manufacturing Extension Program (NJMEP)majorStrategic or Co-development PartnerNot-for-profit helping NJ manufacturers become more efficient and profitable. Located in Cedar Knolls, NJ.
• Morristown Airport (MMU)majorStrategic or Co-development PartnerGeneral aviation reliever airport. MCEDC conducting economic impact study with airport and Rutgers University.
• Rutgers UniversitymajorStrategic or Co-development PartnerAcademic partner for Morristown Airport economic impact study.
• MCEDC Advisory BoardcoreStrategic or Co-development PartnerBoard that leads strategic planning initiatives and identifies/markets county assets.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Somerset County Business Partnership: Adjacent county-level chamber/EDO hybrid serving Somerset County, NJ. Highly comparable to MCEDC because it operates the same mix of business retention, attraction, and chamber-style membership programming for businesses in a neighboring Northern New Jersey county.
• Long Island Association: Regional chamber/EDO hybrid for Long Island, NY. Comparable because it represents a similar mix of business advocacy, economic development programming, and member services for suburban Northeast Corridor businesses, mirroring MCEDC's combined chamber + EDC model.
• Chester County Economic Development Council: County-level economic development organization serving Chester County, PA. Comparable because it operates the same combination of business attraction, retention/expansion, workforce, and site-selection services in a suburban Northeast Corridor county, mirroring MCEDC's positioning and offering mix.
• Union County Economic Development Corporation: County-level economic development organization serving Union County, NJ. Comparable because it provides the same business attraction, retention, expansion, and workforce services that MCEDC offers, competing for the same Northern NJ corporate relocation and expansion pipeline.
• Westchester County Office of Economic Development: County-level economic development office for Westchester County, NY. Comparable because it serves a similar suburban Northeast Corridor county with overlapping business attraction, retention, and workforce programs, competing for the same regional talent and corporate relocation flow.
• Bergen County Economic Development Corporation: County-level chamber/EDO hybrid for Bergen County, NJ (operated under the Bergen County Chamber of Commerce). Comparable because it offers the same combination of business attraction, retention, workforce, and chamber membership services in a directly adjacent NJ county, competing for the same regional corporate audience.

Broad incumbents

• NYC Economic Development Corporation (NYCEDC): Municipal economic development corporation for New York City. Comparable as a larger, better-funded EDO operating in the same broader labor market and competing with Morris County for corporate relocations and expansions in the NYC metro.
• New Jersey Economic Development Authority (NJEDA): State quasi-agency that finances and incentivizes business growth and job creation across New Jersey. Comparable because it provides overlapping economic development programming (incentives, financing, real estate assistance) that MCEDC channels local businesses toward.
• Choose New Jersey: State-level economic development organization that markets New Jersey to relocating and expanding businesses. Comparable because it competes with MCEDC for the same business attraction mandates and overlaps on workforce and site-selection services, but at a statewide scale.

Regional players

• Greater Newark Convention & Visitors Bureau / Newark Alliance: Regional economic development and tourism organization for Newark and Northern New Jersey. Comparable because it blends business attraction, retention, and visitor promotion functions similar to MCEDC, though focused on the urban Newark submarket rather than Morris County.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mcecondev

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Morris County Economic Development Corporation