Madison’s major businesses include Merck Animal Health, Allergan, Pfizer Consumer Health Care, Prudential and Realogy. Other major employers include Drew University and the Madison Area YMCA.
All major corporate residents, except Realogy, are located in the Giralda Farms Corporate Campus, a 310-acre property located near Madison’s western edge. Giralda Farms, part of the estate of the late Geraldine Rockefeller Dodge, offers its corporate residents a serene, picturesque landscape with easy access to local amenities and international travel.
Mack-Cali Realty Corporation, one of the country’s leading real estate investment trusts, purchased three of the existing buildings (Giralda, 1, 3 and 7) in 2017. The Giralda Farms corporate campus is located within the larger Route 24-Corridorsub-market, which extends from Short Hills to Madison and included Chatham and Florham Park. This market, is widely considered one of the most desirable in New Jersey, known for the highest quality real estate.
In May 2018, Atlantic Health System and Kindred Healthcare broke ground on a new Atlantic Rehabilitation Institute at the Giralda Farms corporate park on Madison Avenue. The new facility will offer New Jersey best-in-class inpatient rehabilitation in a modern, state-of-the-art setting in Madison.
In addition to Mack-Cali, Lincoln Equities, PGIM Real Estate and Realogy all either own property and/or have corporate offices in Madison.
Madison is also a large banking center, with branches of Chase, Investors, Provident, Lakeland, Bank of America, Wells Fargo, Fulton, ConnectOne, PNC and Haven Savings lining Main Street and surrounding locations. In addition, BNY Mellon Wealth Management and FDU Credit Union have offices in town.
The Chief Executive Council for Madison was created in 2012 as an association of Madison’s local business, government and education leaders. Created to promote collaboration, corporate assistance and educational leadership, the Council is a program unique to Madison.
The mission is to connect local corporate chief executives living in or leading businesses in Madison for:
- Civic engagement: Networking and exploring ways to help each other and our community.
- Corporate impact: Collaborating to achieve collective community impact.
- Education leadership: Fostering the next generation of Madison leaders.
Throughout the year, the Council hosts a variety of programs aimed at fulfilling its mission. In the first semester, a Speed Networking event is held on the Drew Campus. This concept created by Professor Jennifer Kohn, director of Drew University’s Business Program, introduces executives to students in a fast-paced environment. Students are given eight to 10 minutes with each executive to give their “elevator pitch” and ask about the interview process or other career advice. After their time is up, a bell rings and the students move on to the next executive.
In the second semester, a networking event called “Skills and Success: An Evening Conversation” is held annually on the Drew University Campus. Students meet with multiple panels of executives as they rotate from classroom to classroom. Executives speak with a classroom full of students for 30 minutes at a time.
Every year, Council executives visit Madison High School to talk with 35-50 students in an event called the “Emerging Leaders Lunch Series”. It is a great opportunity for students to hear stories from successful CEOs and get advice as they head off to take their next steps after high school. The event typically has two Council executives with a representative from Junior Achievement as moderator.
The Annual Chief Executive Council for Madison Cocktail and Networking Event, held annually in the spring, provides a great opportunity for Council members to come together for informal networking and to reflect on the year’s accomplishments and plans for the future.
For more information, contact the Borough’s Director of Business Development, (973) 245-3493 or email: business@rosenet.org.