Business Tax Incentive Program
GROW NEW JERSEY
Grow NJ is a powerful job creation and retention program helping qualified companies succeed in New Jersey. Within the Grow NJ Program, Camden is designated as a Garden State Growth Zone (GSGZ), which means The Camden Waterfront projects can qualify for the highest levels of economic tax incentives. These incentives will cover 100% or more of the costs involved with creating a new office facility.
GROW NJ AWARDSHoltec International ($260M) EMR Facility ($253M) American Water HQ ($164M) ResinTech ($138M) Subaru ($117M) Lockheed Martin ($107M) 76ers Practice Facility ($82M) ACTEGA North America ($40M) Conner Strong & Buckelew ($86M) NFI ($79M) The Michaels’ Organization ($79M) |
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- Over $1.65 billion dollars have been awarded by the New Jersey Economic Development Authority (NJEDA) through the Grow NJ program to a range of companies including American Water, Holtec International, Lockheed Martin, and Subaru.
- All industries are eligible for the Grow NJ tax credit incentive, and bonuses are available for target industries.
- Unused tax credits are transferable and saleable at a discount to face value.
- The Grow New Jersey tax credit can be used towards the following costs associated with developing a new office building: site acquisition, soft costs (i.e., design and engineering), infrastructure construction, building construction, interior improvements, and relocation costs.
For more information on the NJ Grow Program in Camden, please visit the New Jersey Economic
Development Authority (NJEDA) website: http://www.njeda.com/pdfs/GSGZ_Camden.aspx
*Businesses should consult with the NJEDA to determine their maximum tax credit eligibility.
Development Authority (NJEDA) website: http://www.njeda.com/pdfs/GSGZ_Camden.aspx
*Businesses should consult with the NJEDA to determine their maximum tax credit eligibility.
