Former Utah governor Jon Huntsman will run for president. (AP Photo/Lauren Victoria Burke)

Huntsman has been expected to enter the race for weeks now, but he did not participate in Monday night’s Republican debate in New Hampshire. His announcement will take place in Liberty State Park in New Jersey with the Statue of Liberty as the backdrop.

He will then go to the Granite State — a state that is expected to be vital to his prospects — befor heading to South Carolina the following day, then Florida, his home state of Utah and Nevada.

The Huntsman news comes the day after Rep. Michele Bachmann (Minn.), at the debate, announced that she had filed the necessary paperwork to run for president. She joins former Massachusetts governor Mitt Romney, former Minnesota governor Tim Pawlenty, former senator Rick Santorum, former House speaker Newt Gingrich, businessman Herman Cain and Rep. Ron Paul (Tex.) in the race.

Still weighing their options are Texas Gov. Rick Perry and former Alaska governor Sarah Palin; neither was present Monday night.

Huntsman comes into the race with the liability of having served in President Obama’s administration — a no-no in a Republican Party that is stridently against the president — but he has been assembling an impressive campaign team full of reputable GOP operatives, and many expect him to contend for front-runner status once he introduces himself to voters.