Firm seeks $260M in incentives for Camden project - New York News

Firm seeks $260M in incentives for Camden project

Posted: Updated:

TRENTON, N.J. (AP) - A southern New Jersey company that makes components for power plants is seeking a $260 million 10-year New Jersey tax break to do business in Camden.

The state Economic Development Authority's agenda for Thursday includes the application from Marton-based Holtec International. The company did not immediately return a call.

If approved, it would be the third-largest business tax incentive ever granted by New Jersey, trailing only the American Dream development in East Rutherford and Revel Casino Hotel in Atlantic City.

Holtec, whose board of directors includes political powerbroker George Norcross, would be the second firm to take advantage of special incentives passed last year for development in Camden.

To receive the tax break the company is seeking, it would have to have at least 250 jobs in the city.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • 'Spider-man' slugs cop in Times Square

    'Spider-man' slugs cop in Times Square

    Sunday, July 27 2014 7:54 PM EDT2014-07-27 23:54:59 GMT
    New York City NewsNew York City News
    A man dressed as Spider-Man was arrested on charges he slugged a police officer who told him to stop harassing tourists in Times Square.
    A man dressed as Spider-Man was arrested on charges he slugged a police officer who told him to stop harassing tourists in Times Square.
  • Kayakers breach New York's JFK airport security

    Kayakers breach New York's JFK airport security

    Sunday, July 27 2014 3:46 PM EDT2014-07-27 19:46:29 GMT
    The tower at John F. Kennedy International AirportThe tower at John F. Kennedy International Airport
    Two kayakers have been cited for trespassing after breaching a Kennedy Airport security perimeter.
    Two kayakers have been cited for trespassing after breaching a security perimeter at New York's Kennedy Airport.
  • Woman gets 20-year prison term for fatal stabbing

    Woman gets 20-year prison term for fatal stabbing

    Sunday, July 27 2014 2:32 PM EDT2014-07-27 18:32:05 GMT
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices