Flybar Inc., best known as the original pogo stick company, is relocating to New Jersey.
Flybar purchased a 5.22-acre property in Howell, including a 51,450-square-foot industrial building, with help from the Economic Development Program’s Premier Lender Program.
The EDA provided $1.61 million support of a $4.34 million loan from OceanFirst Bank.
“The iconic pogo stick has been beloved by children for over a century and now, with NJEDA support, we’re able to offer our products to a whole new generation of toy lovers from our new location in Monmouth County,” said Saul Wolhendler, who co-owns Flybar with Abraham Goldberger. “As a long-time New Jerseyan, I am pleased that Flybar is impacting not just the toy industry, but also the local economy.”
Flybar has manufactured pogo sticks since 1918. It also manufacturers scooters, skateboards, stilts, trampolines, safety gear, and more.
“When small business owners choose to move their companies to New Jersey, it’s a win for our state,” NJEDA Managing Director of Business Development Paul Ceppi said in a statement.
The company brings nine employees with its relocation and expects to create five more jobs in the next two years.