Gov. Phil Murphy spoke Nov. 15 during a grand opening ceremony for Fiserv Inc.’s 428,000-square-foot office and research space in Berkeley Heights, known as Innovation Center @ The Park. — Courtesy: Fiserv
By Joshua Burd
A new fintech hub has arrived in New Jersey with the debut of Fiserv Inc.’s 428,000-square-foot office and research space at The Park in Berkeley Heights.
The Fortune 500 company, which provides payments and financial services technology solutions, welcomed Gov. Phil Murphy and other officials last week to unveil what’s known as Innovation Center @ The Park. Located just south of Interstate 78, within the sprawling campus owned by The Connell Co., the property is now set to eventually house more than 3,000 Fiserv employees, expanding the company’s longtime presence in the Garden State and creating a new destination for talent.
“When we decided to build this strategic fintech hub, we did so with a vision of bringing our clients and our people together to co-create the future of banking and commerce,” Fiserv Chairman, CEO and President Frank Bisignano said. “This world-class campus will enable us to attract diverse top talent, elevate fintech and payments and serve as a proof point for our commitment to client excellence.”
Fiserv’s commitment represents one of the state’s largest office leases in recent memory, coming as part of Connell’s sweeping overhaul of its flagship 185-acre campus along I-78. The fintech company, which occupies Building 100, announced its plans last fall after securing a seven-year, $109 million state tax credit in connection with plans to open the facility and add nearly 2,000 jobs in New Jersey.
The space took center stage during the Nov. 15 ceremony, which drew Murphy and New Jersey Economic Development Authority CEO Tim Sullivan, along with Berkeley Heights Mayor Angie Devanney, township council members and other guests.
“Fiserv is deepening their ties to New Jersey, and their many community commitments show a desire to build a diverse and inclusive environment here,” Murphy said. “With Fiserv expanding its presence in the state, there is nothing stopping New Jersey from reclaiming its position as a technology leader. We extend a warm welcome as they open the doors to their impressive new home.”
In a news release, Fiserv said it was already establishing a local talent pipeline and creating ties to the community through a partnership with Rutgers University-Newark, creating the Fiserv RU-N Program for Inclusive Innovation and FIN Future Techies, an afterschool science, technology, engineering arts and mathematics program for local middle school students, set to begin in January 2023.
Additionally, the launch of a new apprenticeship program with tech startup Multiverse will train aspiring engineers in communities historically underrepresented in the industry to build innovative technology for small businesses, the news release said.