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New law tweaks Aspire Program – here’s what’s different
Administered by the NJEDA, the program awards tax credits to developers for certain redevelopment projects.
Colliers arranges Genmab’s 135K-square-foot Princeton expansion
The growing footprint follows the awarding of up to $8.4 million in Emerge Program tax credits for the biotechnology company.
New Genmab location marks major win for NJ biotech sector
An $8.4 million Emerge award will help the company expand its footprint in Mercer County, as well as support another 300 jobs.
After tax credit approval, EpiBone to make move from Brooklyn to Jersey City
“New Jersey’s educated and diverse talent pool, accessible location, and network of high-profile research universities make it an ideal spot for a dynamic, rapidly growing business to reach its potential,” said co-founder and CEO Dr. Nina Marie Tandon, a biomedical engineer who holds several patents and is known for her TED Talks on engineered tissue and the future of personalized medicine.
Party City celebrates opening of new Woodcliff Lake HQ (updated)
Founded 36 years ago in East Hanover, the company is the largest retailer of party goods in the U.S., Canada and Mexico.
Murphy touts Fiserv move to NJ as key example of new incentive’s success
The state is awarding a $109 million tax break to the fintech under NJ Emerge to renovate and open a 428,000-square-foot, four-story office site in Berkeley Heights.
NJ approves $109M tax break to attract fintech Fiserv
Under the agreement, the firm would keep or create a combined 3,000 new jobs at a Berkeley Heights office and spend $105 million to “improve and relocate to a mostly vacant office building” in the Union County suburb.
NJ approves first corporate tax break under $1.1B incentive program (updated)
The $9.9 million NJ Emerge incentive will go to Party City, which plans to bring 357 new employment positions to the state, on top of its current 338 full-time jobs.
Applications open for $1.1B corporate tax break program
Gov. Phil Murphy said NJ Emerge, which is meant to incentivize employers to remain in the state or set up shop here, “has become even more important as we begin our recovery from the economic devastation of the COVID-19 pandemic.”
