Moody's Moves Jobs to NJ

NEW YORK CITY-Moody’s Investor Services plans to move approximately 130 analytical and support staff to New Jersey. “We’re growing, we’re strong and we’re running out of space,” says a company spokesperson, who adds that all the details or the relocation still need to be negotiated and plotted out. The company currently has about 1,100 employees at its Downtown location at 99 Church St.

The move might enable the global credit rating, research and risk analysis firm to take advantage of New Jersey’s Business Incentive Program (BEIP), which is designed to rewards companies with payroll tax rebates based on the number of jobs they create by expanding in or relocating to the Garden State. Just yesterday, New Jersey Gov. James McGreevey unveiled an enhanced BEIP program that focuses on particular industry clusters, including financial services. (See additional story).