TRENTON, NJ—The New Jersey Economic Development Authority approved tax incentives valued at $260 million on Thursday to lure energy firm Holtec International from its offices in Marlton, NJ to a site in Camden, NJ.
The incentives to be spaced out over 10 years, is the third largest the agency has offered a business, according to The Record. If the company accepts the state's incentive offer, it would bring 235 jobs to Camden and relocate another 160 from Marlton.
Holtec, which also has operations in Jupiter, FL, is a power plant supplier and would be building small nuclear reactors at the site, although no nuclear material will be located at the site. See story in The Record.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
