Subsidy Tracker Individual Entry
Consolidation of operations
The value of the award is reflected in the New Jersey Economic Development Authority agenda from August 9, 2016, available at: http://www.njeda.com/pdfs/agendas/08092016_agenda.aspx#page=33. See also: Kathleen Lynn, "N.J. Pursues Pharma Jobs," Herald News (Passaic County, NJ), August 10, 2016.
The company was approved for $58 million over 10 years to move and consolidate operations in the state. The subsidy will come from state's Edison Innovation Fund, which is a component of Grow New Jersey Assistance Program, a corporate business tax credit. The jobs number includes 300 new jobs and 1,019 relocated jobs from Parsippany, Jersey City, Rockaway and Bridgewater. Overlaps with main Subsidy Tracker data: a 2017 Grow New Jersey Assistance Program entry for the company for $58 million.