Company: Lockheed Martin Corporation Parent Company: Lockheed Martin Subsidy Source: state Location: New Jersey City: Camden County: Camden Project Description: Relocation of laboratory facilities from another location in NJ Year: 2014 Major Industry of Parent: aerospace and military contracting Specific Industry of Parent: aerospace & military contracting Subsidy Value: $107,000,000 Program Name: Grow New Jersey Assistance Program Awarding Agency: New Jersey Economic Development Authority Type of Subsidy:
Wage Data: $98,000 Wage Data Type: median wages Capital Investment: $146,379,719 Source of Data: All data was taken from the agenda for a board meeting of New Jersey's Economic Development Authority on November 10, 2014; available online at: (click here). See also: Jim Walsh, "Lockheed Martin wins approval for tax breaks," Courier-Post, November 11, 2014; online at: (click here) Notes: To retain 250 jobs, New Jersey Economic Development Authority awarded Lockheed Martin $107 million in tax credits over 10 years. The company will move two facilities from Moorestown, NJ to Camden, NJ. Investment is estimated eligible capital investment by the company. Overlaps with main Subsidy Tracker data: a 2014 Grow New Jersey Assistance Program entry for Lockheed Martin Corporation for $107 million. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.