TRENTON, NJ—The New Jersey Economic Development Authority is dangling some juicy carrots to try to get a couple of companies to commit to bringing jobs to the Bell Works redevelopment in Holmdel, NJ.
The only question is whether the companies are going to bite the carrots, as neither one has actually committed to leasing space at the former Bell Laboratories site owned by Somerset Development.
The NJEDA said Tuesday it had awarded Grow New Jersey tax credits to encourage Matawan-based iCIMS, a software services company specializing in applicant-tracking software for human resources professionals, and to Manhattan Telecommunication Corporation, which offers communication and related support services to corporate clients, but only if they lease space at the iconic two-million square foot research facility.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.