Editing Nutley, New Jersey (section)

==Economy==
Nutley had been the U.S. headquarters of [[Hoffmann-La Roche]] and was the site of the creations of the medications [[Valium]] and [[Librium]], later becoming one of the major R&D sites for Roche, hosting major research areas in oncology, virology and inflammation.<ref name=Thinking>Roman, Mark B. [https://www.nytimes.com/1983/09/18/realestate/if-you-re-thinking-of-living-in-nutley.html "If You're Thinking of Living in: Nutley"], ''[[The New York Times]]'', September 18, 1983. Accessed June 1, 2012. "Industry is allowed only in the fringe areas, including parts of Kingsland Street, the headquarters of Hoffman-La Roche Inc., the pharmaceutical corporation, where the drugs Valium and Librium were invented."</ref> Roche announced in June 2012 that operations at the site would end in 2013, leading to the elimination of 1,000 positions at the company, and that the facility would be shuttered by year end 2015.<ref>[http://www.rocheusa.com/portal/usa/press_releases_nutley?siteUuid=re7180004&paf_gear_id=38400020&pageId=re7425113&synergyaction=show&paf_dm=full&nodeId=1414-483eca26c04011e1bf151d03aefa681a "Roche announces closure of Nutley, NJ site: Business operations to cease by end of 2013; site plant to be shut down by end of 2015"] {{webarchive|url=https://web.archive.org/web/20130518034353/http://www.rocheusa.com/portal/usa/press_releases_nutley?siteUuid=re7180004&paf_gear_id=38400020&pageId=re7425113&synergyaction=show&paf_dm=full&nodeId=1414-483eca26c04011e1bf151d03aefa681a|date=May 18, 2013}}, [[Hoffmann-La Roche|Roche]], June 26, 2012. Accessed July 4, 2012. "Roche (SIX: RO, ROG; OTCQX: RHHBY) has decided to close its operations in Nutley, New Jersey by the end of 2013 as part of an effort to refocus its Pharma global research portfolio and support efficient allocation of resources for the company's expanding product development pipeline.Closing the Nutley site will result in a reduction of approximately 1,000 positions among Roche employees."</ref> Located in Nutley since 1929, the company had reached a peak of 10,000 employees on the site, and the $9 million paid by the company in local property taxes accounted for 9% of the township's tax revenues.<ref>Todd, Susan; and Jones, Stacy. [http://www.nj.com/news/index.ssf/2012/06/roche_will_close_nutley_campus.html "Roche will close Nutley plant, shed nearly 1,000 jobs"], ''[[The Star-Ledger]]'', June 27, 2012. Accessed July 4, 2012. "In Nutley, local officials called an emergency meeting to discuss the departure of the community's largest taxpayer – and its impact on the township's finances. The drug maker pays $9&nbsp;million in annual property taxes, which represents roughly 9 percent of what Nutley collects, Mayor Alphonse Petracco said."</ref>