LAWRENCEVILLE, NJ—Grow New Jersey tax credits have tipped the scales for another technology company weighing a relocation to the Garden State. This time, Billtrust, a payment cycle management software company, agreed to expand its operations and workforce in New Jersey in return for a ten-year, $12.9 million Grow New Jersey tax credit by the New Jersey Economic Development Authority Board.
Founded in 2001, Billtrust provides automated invoice-to-cash solutions for the business-to-business market via a proprietary, end-to-end cloud-based solution. The company will relocate its headquarters to a new 88,759-square-foot facility in Lawrenceville, NJ instead of in Warminster, PA. Billtrust, which is consolidating existing operations from two leased facilities, expects to create 200 new jobs in the State and retain 228 employees.
“The availability of highly educated, skilled technology professionals in New Jersey has been a tremendous asset to our ability to create a corporate culture that fosters creativity and collaboration,” says Billtrust counder and CEO Flint Lane. “Support from Grow NJ will help us to expand our presence here in New Jersey and further leverage the local talent pool as we grow.”
“Innovative companies like Billtrust play an important role in our economy through the jobs they create as well as the resources they provide to help other businesses succeed,” EDA CEO Melissa Orsen says. “We are pleased that New Jersey's robust technology ecosystem, and the Grow NJ program, helped to encourage Billtrust to expand and invest in the state.”
Billtrust employs more than 400 employees across the US and Canada.
LAWRENCEVILLE, NJ—Grow New Jersey tax credits have tipped the scales for another technology company weighing a relocation to the Garden State. This time, Billtrust, a payment cycle management software company, agreed to expand its operations and workforce in New Jersey in return for a ten-year, $12.9 million Grow New Jersey tax credit by the New Jersey Economic Development Authority Board.
Founded in 2001, Billtrust provides automated invoice-to-cash solutions for the business-to-business market via a proprietary, end-to-end cloud-based solution. The company will relocate its headquarters to a new 88,759-square-foot facility in Lawrenceville, NJ instead of in Warminster, PA. Billtrust, which is consolidating existing operations from two leased facilities, expects to create 200 new jobs in the State and retain 228 employees.
“The availability of highly educated, skilled technology professionals in New Jersey has been a tremendous asset to our ability to create a corporate culture that fosters creativity and collaboration,” says Billtrust counder and CEO Flint Lane. “Support from Grow NJ will help us to expand our presence here in New Jersey and further leverage the local talent pool as we grow.”
“Innovative companies like Billtrust play an important role in our economy through the jobs they create as well as the resources they provide to help other businesses succeed,” EDA CEO Melissa Orsen says. “We are pleased that New Jersey's robust technology ecosystem, and the Grow NJ program, helped to encourage Billtrust to expand and invest in the state.”
Billtrust employs more than 400 employees across the US and Canada.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
