Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Chris Christie articles below.
Developers can maximize cost credits up to 40 percent for projects in Paterson, Passaic, Trenton and Camden.
"CommVault has said it will eventually add 2,000 employees at the new site in addition to its current 500 in its current headquarters in Oceanport. The company is bound by an agreement with FMERA to generate up to 225 of those jobs within three years of moving in. If it doesn't, it will face penalties of $3,000 per job not created," writes Christopher Sheldon of the Long Branch Patch.
The new one million-square-foot facility in Mercer County, NJ is expected to create hundreds of jobs when it opens in early 2014.