Fri, Sep 20, 2013
New Jersey has awarded companies nearly $1 billion worth of incentives under the Grow New Jersey program. Launched in 2012, Governor Christie significantly upgraded this program on September 18, 2013 allowing for uncapped awards as high as $150,000 per new job created (half as much for retained jobs). Duff & Phelps has secured nearly $60,000,000 of awards for clients under Grow New Jersey and is now advising clients on their potential awards under this new version.
Important facts to note:
Duff & Phelps' Business Incentives Advisory (BIA) practice is a national leader assisting businesses in realizing economic development incentives. In recent years the practice has completed projects involving capital investment of $5.8 billion and secured incentives of approximately $2.2 billion. With dedicated incentives professionals strategically located across the United States, the practice is uniquely positioned to enable clients to maximize the tax and non-tax incentives awarded to their projects.
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