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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. 25 to $1.75

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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Both programs have been extended until July 1, 2019. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. headquarters.

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

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million in state and local performance-based grants (to assist IBM with facility lease costs, building operating costs; workforce recruitment, relocation and internal training costs; and payroll incentives). The company will occupy the new building in early 2019. Upon completion, between 600 and 1,000 new employees will be hired.

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Advanced Manufacturing: Manufacturing Gets Smarter, Faster

Business Facilities

That, along with a strong economy and zero personal state income tax, make it a great place to do business. The Ignite Institute is on pace to welcome up to 1,000 students, grades 9-12, beginning in the 2019-2020 school year. The company’s lease of the Hackensack building expired on June 30th, 2017. The firm will spend $6.7