New Jersey

New Jersey Offers $27M Incentives to Secure Newell Brands Global Headquarters in Hoboken

Newell Brands Inc. (NYSE: NWL) has announced that it will establish a new global headquarters in Hoboken, NJ.

NJ EDA agenda

NJ EDA agenda (photo – njeda.com)

The project is a result of the recent merger of Newell Rubbermaid Inc. and Jarden Corporation, which created a new $16 billion consumer goods powerhouse. The merged entity is also investing in creating a second hub for advanced design in the same Hoboken location, and will expand its e-Commerce activities to serve the new larger company.

Newell Brands expects the build out of its new facility to be ready for occupancy in the fall. The company will meanwhile continue to maintain its current business hubs in Atlanta, Boca Raton and Norwalk, as well as its design center in Kalamazoo, MI.

Newell Brands Chief Executive Officer Michael Polk said in a statement that “Our new location will unlock tremendous access to talent in these areas as we build a new future together.”

In order to secure this project, the Board of the New Jersey Economic Development Authority today approved $27 million in Grow NJ incentives to help offset the costs associated with the new facility. These are tax incentives that will be paid out in the form of annual awards of $2,700,000 for a 10-year term.

Apart from the Newell Brands headquarters project, the EDA Board also approved Grow NJ incentives for a slew of job creation and investment projects in the technology sector.

WorkWave LLC – Formerly Marathon Data Operating Co., this company is considering a move into more than 71,000 square feet at Bell Works, the former Bell Laboratories site in Holmdel, NJ. The Grow NJ award approved for this project is $1,573,334 for a 10-year term. WorkWave will invest $7.2 million in the Bell Works space, where it would create 247 new jobs and retain 154 at risk of leaving the State.

DBV Technologies Inc. – This clinical-stage biopharmaceutical company headquartered in France, is considering relocating operations from New York to a 9,100-square-foot facility in Summit, NJ. The company would create 45 high-paying jobs and invest more than $900,000 to establish its U.S. headquarters. The estimated Grow NJ award approved for this project is $315,000 for a 10-year term.

P&R Dental Strategies – This analytics provider for the dental industry is considering locating 20 employees from out of state locations to a 10,000-square-foot former manufacturing site in Hamilton, NJ, where it would undertake a $1 million renovation. The estimated Grow NJ annual award is $300,000 for a 10-year term.

The EDA Board also approved an estimated annual Grow NJ award of $1,859,375 for a 10-year term for Quest Diagnostics Inc. for a capital investment project in Secaucus, NJ. Other projects on the EDA agenda were BioClinica, Inc.; Coronet, Inc.; Safilo USA, Inc; and Tokio Marine North America, Inc.

New Jersey Approves $40M Economic Development Incentives For Fabuwood Cabinetry

At its latest meeting, the Board of the New Jersey Economic Development Authority approved Grow NJ tax credit awards for eight projects.

New Jersey

New Jersey (photo – Famartin/wikimedia)

Of the eight projects, four are manufacturing projects representing a private investment of $68.5 million, the expected creation of more than 600 new jobs, and the retention of more than 700 jobs at risk of leaving the State.

The biggest project of the lot is a consolidation of facilities by Fabuwood Cabinetry Corp. The company is consolidating three existing New Jersey locations into a single facility in Newark, in the process retaining 336 jobs that were at risk of being relocated out of the state to Staten Island, NY. As part of the consolidation and expansion plan, the company also expects to create 276 new full-time jobs.

The NJEDA Board has approved an estimated annual award of $3,996,000 for a 10-year term for Fabuwood Cabinetry, which means the company stands to get up to nearly $40 million in tax savings over this duration.

Another major manufacturing project approved to receive Grow NJ tax credits was Manhattan-based C2 Imaging, an integrated media graphics solutions company. C2 Imaging is considering Jersey City, NJ for a facility over an alternative location in Long Island City, NY. This project will bring 110 new manufacturing jobs to Jersey City. The estimated annual Grow NJ award is $1,155,000 for a 10-year term.

Linde North America LLC, a New Providence, NJ-based manufacturer and supplier of industrial, medical, and specialty gases, may likewise relocate to and create 150 new jobs in Bridgewater, NJ. This project also supports the retention of 450 jobs at risk of leaving the state for Fort Washington, PA. In order to secure this project, the EDA has approved an estimated annual award of $1,102,350 for a 10-year term.

The fourth manufacturing project that has been approved for a Grow NJ award is Showman Fabricators Inc., a manufacturer of scenery and specialty fabrications for Broadway, television, architectural projects, special events and museum and retail industries. The company is weighing whether to remain in its current Long Island City, NY location or relocate to a facility in Bayonne, NJ. This project, which will create 90 new jobs, has been approved for an estimated annual award of $877,500 for a 10-year term.

The four other projects that received approval for Grow NJ economic development incentive awards are Aralez Pharmaceuticals US, Inc.; FXDirectDealer, LLC; NYK Line (North America) Inc.; and Rainforest Distribution Corp.

Advanced under the New Jersey Economic Opportunity (EOA), Grow NJ is the state’s main job creation and retention incentive program.

New Jersey Economic Development Authority CEO Melissa Orsen said in a release announcing these incentive awards that these Board actions demonstrate “the effectiveness of the EOA in attracting businesses in industries such as manufacturing, that play a key role in creating good paying jobs and supporting a robust economy.”

Legislation on Funding for Cleanup of SuperFund Sites Reintroduced in Congress

U.S. Senators for New Jersey Cory Booker and Bob Menendez, along with U.S. Representatives Frank Pallone, Jr. and Bill Pascrell, Jr., announced the reintroduction of legislation in the United States Senate and House that would force industries responsible for contamination of Superfund sites to pay for their clean-up.

EPA Superfund

EPA Superfund (photo – epa.gov)

The Superfund Polluter Pays Restoration Act would reinstate the excise tax on polluting industries to pay for the cleanup of Superfund sites, relieving taxpayers of the expense.

It also expands the definition of crude oil in order to make oil from tar sands and shale subject to the excise tax. Additionally, it makes funds available to the Environmental Protection Agency (EPA) on an ongoing basis, not subject to annual appropriations.

The New Jersey lawmakers were joined by EPA Region 2 Administrator Judith Enck at the Garfield Ground Water Superfund Site for the announcement. “The federal Superfund is running on fumes, which has real implications for the people of New Jersey. It is important to reinstate the lapsed Superfund fees as soon as possible,” said Enck in a release announcing the reintroduction of the legislation.

EPA’s Superfund program was established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). It is designed to clean up sites contaminated with hazardous substances, and gives broad authority to federal agencies and states seeking to recover damages caused by releases of hazardous substances.

A report released this fall by the Government Accountability Office (GAO) shows that while the number of Superfund sites increased between 1999 (1,054) and 2013 (1,158), funding for cleanups has continued to decline.

Referring to the Superfund Polluter Pays Restoration Act, Senator Booker said in the release that it corrects an inexcusable injustice and places the onus on polluting industries to restore Superfund sites back to safe, healthy areas that can attract investment and New Jersey economic development.

Senator Menendez likewise said that “It’s time to clean-up New Jersey’s 113 Superfund sites, including the one here in Garfield, return the land back to the community, protect the health and safety of surrounding residents, and create jobs and economic development for New Jerseyans in the process.”

Anheuser-Busch InBev, Radwell Seek New Jersey Economic Development Incentives

The agenda for the next meeting of the Board of the New Jersey Economic Development Authority (NJEDA) includes applications for Grow NJ incentives from nine projects.

New Jersey

New Jersey (photo – Famartin/wikimedia)

One of the largest allocations, if approved, will be for Radwell International, Inc. The Lumberton, NJ-based industrial electronic and electrical equipment repair firm is considering relocating its operations to the former Express Scripts facility in Willingboro Township, NJ.

Express Scripts is relocating to another facility in New Jersey, so Radwell’s move to the former Express Scripts facility will not only keep jobs in the state, but also bring new investment and jobs and fill a vacant property in Burlington County.

It’s big enough that it qualifies as a mega project eligible for a bonus increase to the tax credit award on account of the large number of new or retained full-time jobs that Radwell will bring to Willingboro Township and Burlington County.

The NJEDA Board will therefore consider approving a Grow NJ tax credit for this project with an estimated annual award of $2,121,750 for a 10-year term, adding up to potential tax benefits of more than $21.2 million for Radwell over this period.

Another big award, if approved, will be for an Anheuser-Busch InBev Worldwide Inc. project in Newark City, NJ. This project is also eligible for bonus increases to the tax credit award due to its targeted industry (manufacturing) and location in a deep poverty pocket, and the large number of new or retained full-time jobs with salary in excess of county average.

NJEDA will consider approving an estimated Grow NJ annual award of $1,163,250 for a 10-year term for the Anheuser-Busch InBev project.

The biggest Grow NJ award of an estimated $5,900,403 for a 10-year term, which works out to over $59 million over a 10-year period, is being sought by WW 1 Journal Square LLC for a capital investment project in Jersey City, NJ. The 1 Journal Square project includes a qualified incubator facility and is a transit-oriented development, in addition to being located in a deep poverty pocket.

The other six projects on the agenda seeking New Jersey economic development incentives are as follows:

Audio and Video Labs, Inc. – Estimated annual award of $147,550 for a 10-year term to encourage the applicant to make a capital investment and locate in Pennsauken Township, NJ;

Borax Paper Products, Inc. – Estimated annual award of $332,000 for a 10-year term to encourage the applicant to make a capital investment and locate in Secaucus Town, NJ;

Comar Holding Company, LLC and subsidiaries – Estimated annual award of $85,000 for a 10-year term to encourage the applicant to make a capital investment and locate in Voorhees Township, NJ;

IPAK, Inc. – Estimated annual award of $1,710,000 for a 10-year term to encourage the applicant to make a capital investment and locate in Camden City, NJ;

Frederick Goldman, Inc. – Estimated annual award of $2,008,000 for a 10-year term to encourage the applicant to make a capital investment and locate in Secaucus Town, NJ; and

Seton Hall-Hackensack School of Medicine – Estimated annual award of $1,693,750 for a 10-year term to encourage the collaboration between a university and hospital to locate a new school of medicine in Clifton City, NJ.

New Jersey Considers Economic Development Incentives For Blue Anchor Eggo Plant

At its meeting, the Board of the New Jersey Economic Development Authority will consider approving Grow NJ tax incentives for nine projects.

Eggo

Eggo (photo – Don Nunn/flickr)

One of these projects is a proposed expansion by The Eggo Company at its manufacturing plant in Blue Anchor, NJ.

The Eggo Company is a part of the frozen foods division of the Kellogg Company, and one of their few plants that provide Eggo products for customers nationwide. The history of the plant dates back to 1959, when Eggo frozen waffles were first introduced in supermarkets by the Dorsa brothers. Other Eggo plants are located in San Jose, CA; Atlanta, GA; and Rossville, TN.

The Kellogg Co. acquired The Eggo Company in 1968, and turned it into an iconic product with the L’eggo my Eggo advertisements. Eggo controls around three-quarters of the frozen waffle market in the United States. An upgrade-related shutdown at the Blue Anchor Eggo plant would raise prospects of another Eggo shortage like the one in 2009 when the Tennessee plant was undergoing maintenance, and flooding shut down the Atlanta plant.

Kellogg’s has applied to the NJEDA for tax incentives under the Grow NJ program to support their expansion plan at the Blue Anchor plant. The project is eligible for bonus increases to the tax credit award due to the location of the plant as a targeted manufacturing industry in a distressed locality, , and the presence of on-site solar generation and other green practices.

The NJEDA will consider approving an estimated Grow NJ annual award of $944,000 for a 10-year term for The Eggo Company expansion, resulting in tax incentives of up to $9.44 million over this period.

The other projects that the NJEDA Board will be considering for approval of Grow NJ awards include:

GBT III US LLC – This is the Global Business Travel unit of American Express. GBT III US LLC is considering locating a project in Jersey City, NJ. To encourage the applicant to make an investment and locate in Jersey City, NJEDA will consider approving an estimated Grow NJ annual award of $1,827,500 for a 10-year term.

HelloFresh – The Berlin, Germany-based food service company, which delivers meals at home to customers all over the world, is considering an investment at two projects in Newark, NJ. NJEDA will consider approving an estimated Grow NJ annual award of $1,197,338 for a 10-year term for the project located at 2 Gateway, and an estimated Grow NJ annual award of $2,512,904 for a 10-year term for the project located at 60 Lister Avenue.

FC USA Inc. – The company is considering making a capital investment for a project located in Montvale Borough, NJ. NJEDA will consider approving an estimated Grow NJ annual award of $759,375 for a 10-year term.

Innocor, Inc. – The company is considering making a capital investment for a project located in Red Bank Borough, NJ. NJEDA will consider approving an estimated Grow NJ annual award of $332,500 for an 8-year term.

NICE Systems, Inc. – The company is considering making a capital investment for a project located in Hoboken City, NJ. NJEDA will consider approving an estimated Grow NJ annual award of $2,280,380 for a 10-year term.

SunGard Data Systems, Inc. – The company is considering making a capital investment for a project located in Jersey City, NJ. NJEDA will consider approving an estimated Grow NJ annual award of $804,350 for a 10-year term.

Wayside Technology Group, Inc. – The company is considering making a capital investment for a project located in Oceanport Borough, NJ. NJEDA will consider approving an estimated Grow NJ annual award of $261,000 for a 10-year term.

Single Source Plus Laundry – The company is considering making a capital investment for a project located in Camden City, NJ. NJEDA will consider approving an estimated Grow NJ annual award of $500,025 for a 10-year term.

Nestle Product Technology Center in Bridgewater, NJ Will Aid Economic Development

Nestle Health Science has officially announced the selection of Bridgewater, NJ as the site for a new Nestle Product Technology Center (NTPC).

Nestle

Nestle (photo – Dornum72/wikimedia)

Supported by Grow NJ incentives approved earlier this year by the New Jersey Economic Development Authority (NJEDA), the company plans to invest $70 million to establish the 180,000-square-foot facility to house the company’s U.S. headquarters and R&D operations.

The jobs at the new Center will include some 60 headquarter jobs currently located in the company’s existing headquarters in Florham Park, NJ. Nestle Health Science will also relocate some 100 jobs from out of state to the NTPC, including teams and operations of the company’s R&D Center in Minneapolis.

This new facility builds on the company’s presence in the Northeast, adding to the recently opened Novel Therapeutic Nutrition business offices in Cambridge, MA. Nestle Health Science CEO Greg Behar said in a release that the new facility will house the latest technologies and people in the field, uniting their R&D and business teams in a region with strong life-science activity.

“It will enhance and accelerate the quality and speed to market of Nestlé Health Science’s innovations that improve nutritional status and health outcomes,” added Behar.

New Jersey secured this project by offering Nestle HealthCare Nutrition, Inc. and Nestle Nutrition R&D Center Inc. tax credits under the Grow NJ program. The company stands to save up to $14.45 million in tax incentives over a 10-year period.

Apart from the $70 million investment, creation of new jobs for the state, and the retention of the company’s U.S. headquarters and existing jobs, the Nestle Health Science project has also been eagerly awaited by state officials as a prestigious project in a targeted industry which they can now cite to attract more companies and establish the area as a life sciences hub.

Nestle Health Science, a wholly-owned subsidiary of Nestle, is a global company headquartered in Epalinges, Switzerland. The company was initially founded on the HealthCare Nutrition business of Nestle Group, and already employs around 3,000 people worldwide.

The Bridgewater facility will be one of more than 30 Nestle Product Technology Centers around the world which have become key components of the research and development that drives Nestle’s growth as the world’s largest nutrition health and wellness company, with sales approaching $100 billion per year.

Transformative Camden Waterfront Economic Development Project by Liberty Property Trust

At an event held at the Adventure Aquarium in Camden, New Jersey Governor Chris Christie, Camden Mayor Dana Redd and other state and local officials joined architect Robert A.M. Stern and Liberty Property Trust Chairman, President and CEO Bill Hankowsky to unveil plans for a development that will redefine the Camden waterfront.

Liberty Property Trust's Camden Waterfront development

Liberty Property Trust’s Camden Waterfront development (rendering – ramsa.com)

This transformative Camden economic development project of up to $1 billion will be one of the largest private sector investments in the city’s history, creating thousands of construction jobs and bringing thousands of permanent jobs to Camden.

Led by the Liberty Property Trust and designed by Robert A.M. Stern Architects, the project will be a mixed-use development that will attract major corporations, employment and significant inward investment. It will create as much as 1.7 million square feet of office space and will include a hotel, retail space and a residential component.

In a release announcing the project, Bill Hankowsky said that this visionary project will reshape the central waterfront in a way that will be truly transformative for Camden. “Through the Grow NJ program, the state of New Jersey has created an economic development program which has the potential to be truly transformative to the city of Camden,” added Hankowsky.

Liberty Property Trust, widely acclaimed for the Navy Yard project in Philadelphia, has signed an agreement with Steiner + Associates to purchase Camden Town Center LLC for developing 16 acres on the Camden Waterfront next to the Aquarium.

Subject to approval by the New Jersey Economic Development Authority, the purchase provides Liberty the exclusive right to acquire and obtain approvals for development of the site. Liberty’s plans for the office component of the development consist of build-to-suit projects for the increasing number of corporations that want to expand or relocate to Camden, taking advantage of the Grow NJ economic development tax incentives.

Firms coming to Camden will also be working with the Department of Labor and the Mayor’s office to develop job training programs tailored for the kind of businesses that will locate in this new development.

Architect Robert A.M. Stern said in the release that they are very excited about this chance to collaborate with long-time clients Liberty Property Trust to “further transform Camden’s waterfront as a public place with a rich mix of new uses that will re-connect the downtown to the riverfront and also capitalize on public investments that have already been realized.”

Groundbreaking on Liberty’s Camden waterfront development may take place around the third quarter next year, with occupancy expected in late 2018 to 2019.

New Jersey Considers $253M Economic Development Incentives For Camden Scrap Metal Recycler

The agenda for the next meeting of the New Jersey Economic Development Authority includes applications for Grow NJ incentives for six projects.

New Jersey

New Jersey (photo – Famartin/wikimedia)

By far the largest one is a Camden economic development project by EMR Eastern LLC and affiliates.

NJEDA will consider approving an annual Grow NJ award of $25,275,000 for a 10-year term for this project. That would enable the company to claim tax credits totaling $252.75 million over this 10-year period.

EMR (European Metal Recycling) is a global leader in metal recycling, with more than 150 locations around the world. Their U.S. headquarters is located in Bellmawr, NJ at the same address as Camden Iron & Metal, Inc., which was acquired by EMR in 2007.

Camden Iron was founded in 1929, and is one of the largest recyclers of scrap iron and non-ferrous materials in the United States. The company, which is headquartered in Camden, operates facilities in Camden as well as Philadelphia, PA.

Camden Iron moved around 175 jobs from Philadelphia to Camden in 2012 after state financing for a pier that the company would have been able to use was rescinded. All the scrap crushed in Philadelphia now gets trucked to the Balzano Marine Terminal at the Port of Camden.

The NJEDA agenda simply states that they are considering approving tax credits under the Grow New Jersey Assistance Program for EMR Eastern LLC and affiliates to “encourage the applicant to make a capital investment and locate in Camden City, NJ.”

Apart from the EMR project, the other projects on the NJEDA agenda seeking incentives are as follows:

Axtria, Inc. – This Berkeley Heights, NJ-based data analytics company is considering an expansion of its operations in Berkeley Heights. NJEDA will consider approving an estimated annual Grow NJ award of $365,600 for a 10-year term.

B Positive National Blood Services, LLC and Affiliates – B Positive is considering relocating its headquarters from Cherry Hill, NJ to Glassboro, NJ. NJEDA will consider approving an estimated annual Grow NJ award of $357,500 for a 10-year term.

Chelten House Products, Inc. – This food products firm is considering a large expansion of its operations in Logan Township, NJ. NJEDA will consider approving an estimated annual Grow NJ award of $2,343,000 for a 10-year term.

Hudson Group Retail, LLC – HG, which operates chains of newsstands, fast food outlets, bookstores and other retail stands, is considering an expansion of its operations in East Rutherford, NJ. NJEDA will consider approving an estimated annual Grow NJ award of $549,500 for a 10-year term.

Yellowstone Capital, LLC – This NYC-based firm, which helps businesses secure non-traditional financing, is considering locating a project with capital investment in Jersey City, NJ. NJEDA will consider approving an estimated annual Grow NJ award of $337,500 for a 10-year term.

Chef’d Seeks NJ Economic Development Incentives For Camden Fulfillment Center

At its next meeting, the Board of the New Jersey Economic Development Authority will consider applications for Grow NJ incentives for eight projects.

New Jersey

New Jersey (photo – Famartin/wikimedia)

This includes two significant Camden economic development projects by Chef’d LLC and Great Socks, LLC.

El Segundo, CA-based Chef’d delivers fresh ingredients and recipes for meals to customers who place orders online on the Chef’d website.

The company is planning to establish a fulfillment center on the east coast, and is considering locations in Camden, NJ and Philadelphia, PA for the expansion. The Chef’d east coast expansion could result in the creation of hundreds of additional new jobs in Camden.

To encourage Chef’d to select Camden for this project, the NJEDA will consider approving an estimated annual Grow NJ tax credit award of $1,900,000 for a 10-year term.

Another major Camden project on the NJEDA agenda is by Great Socks, LLC, which may be approved to receive $15 million in Grow NJ tax credits, in the form of an estimated annual award of $1,500,000 for a 10-year term.

Also on the agenda is an application for Grow NJ tax incentives for the South Jersey Gas Company’s proposed 75,000-square-foot headquarters in the Gateway redevelopment project in Atlantic City.

If the NJEDA approves the estimated annual award of $1,265,526 for a 10-year term, and the redevelopment plan is subsequently implemented as planned, South Jersey Gas would be one of the anchor tenants in the development.

The Gateway plan is one of the casino redevelopment projects in Atlantic City that has been approved by the Casino Reinvestment Development Authority (CRDA), and will receive funding from the CRDA too.

The other applicants for Grow NJ incentives on the NJEDA agenda are as follows:

Ready Pac Foods, Inc. – Irwindale, CA-based Ready Pac Foods, whose products include salad kits, salad bowls on the go, and fresh-cut fruit, is considering Florence Township, NJ for an investment project. The NJEDA will consider approving an estimated annual award of $2,740,703 for a 10-year term for this project.

Natoli Management, LLC – Natoli Management, doing business as Solid State Inc., is a global stocking distributor and electronic component supplier located in Bloomfield Township, NJ. The NJEDA will consider approving an estimated annual award of $411,735 for a 10-year term for an expansion of the company’s operations in Bloomfield.

Macrocure Ltd. – Israel-based Macrocure, a clinical-stage biopharmaceutical company, is considering locating a facility in North Brunswick Township, NJ. The NJEDA will consider approving an estimated annual award of $324,000 for a 10-year term for this project.

Polaris Solutions, LLC – NYC-based Polaris Solutions provides automated solutions and management consulting services to life sciences companies. Polaris is considering locating a facility in New Brunswick City, NJ. The NJEDA will consider approving an estimated annual award of $323,750 for a six-year term for this project.

Capintec, Inc – Ramsey, NJ-based Capintec, a worldwide supplier of energy measurement products and services, is considering locating a manufacturing project in South Plainfield, NJ. The NJEDA will consider approving an estimated annual award of $243,000 for a 10-year term for this project.

NJ Taskforce Report Recommends Coordinated Defense Industry Economic Development

The New Jersey Military Installation Growth and Development Task Force has released its final report that will serve as a blueprint for securing the long-term growth and viability of the state’s military bases.

NJ Task Force report

Photo – state.nj.us

New Jersey’s military installations are the state’s largest employer, representing 45,631 direct jobs and another 27,603 indirect jobs.

The military installations directly contribute $3.8 billion toward the GDP, and indirectly produce another $2.7 billion. Of the total GDP, more than $4 billion is in the form of labor income for about 73,234 workers.

Recognizing this significant impact of the installations and the adverse impact that base closures would have on the state’s economy, the Task Force was created to help fortify the bases and make them less attractive targets for BRAC or mission loss. The Task Force was chaired by Acting Governor Kim Guadagno.

In addition to Acting Governor Guadagno, the Task Force members include:

New Jersey Economic Development Authority CEO Melissa Orsen;

Choose New Jersey President and CEO Michele Brown;

Adjutant General of the New Jersey Department of Military and Veterans Affairs Brigadier General Michael L. Cunniff;

Former Congressman Jim Saxton; and

Morris County Chamber of Commerce President Paul Boudreau.

After a year of tours and briefings, this Task Force has now come up with the following recommendations:

Military and Defense Economic Ombudsman – The Task Force recommends creating the position of an ombudsman who would oversee the state’s efforts to promote and facilitate a coordinated approach to economic development related to the military installations and the industries that support them.

The ombudsman would also be tasked with establishing the New Jersey Procurement Partnership Program to increase the flow of federal procurement dollars directed towards New Jersey.

The Task Force also suggests that New Jersey must work to attract private capital to and around the bases and ensure that private sector businesses choose to partner with the installations in the state. One of the recommendations to achieve this is that the state should develop targeted economic development incentive programs for businesses working with military installations.

Workforce – The Task Force suggests improving New Jersey’s pipeline of STEM-educated employees to align the state’s workforce with the current and future needs of the military and defense industry.

Local governments and communities – The Task Force suggests developing synergistic opportunities for military installations to work in cooperation with local governments and their communities.

Acting Governor Guadagno said in a release that “The State must take all reasonable steps to fortify our military bases, and it must take them now.”

Read the full New Jersey Military Installation Growth and Development Task Force report.

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