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EDA to vote on Camden project seeking $260 million in incentives

Thursday, July 10, 2014   (0 Comments)
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EDA to vote on Camden project seeking $260 million in incentives
NJBiz.com (07/10/14)

The state Economic Development Authority will vote Thursday on whether or not to grant what would be one of the largest tax credits ever issued. The award would go to Holtec International, a manufacturer of equipment and supplies for the energy industry. The Jupiter, Fla.-based company, which already maintains a corporate technology office in Marlton, is seeking a 10-year, $260 million Grow New Jersey award to build a new facility in Camden, although little details about the project are currently available. The size of the proposed tax credit would make it the third-largest in the EDA’s history, just behind the $261 million award approved for Revel in 2011 and the larger $390 million award approved last year for the American Dream project in the Meadowlands.

 


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