Subsidy Tracker Individual Entry

Company: 
NFI, L.P.
Parent Company: 
Subsidy Source: 
state
Location: 
New Jersey
City: 
Camden
County: 
Camden
Project Description: 

relocation

Year: 
2017
Subsidy Value: 
$79,377,980
Program Name: 
Grow New Jersey Assistance Program
Awarding Agency: 
New Jersey Economic Development Authority
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
341
Wage Data: 
$54,928
Wage Data Type: 
median annual wage
Capital Investment: 
$79,380,000
Source of Data: 

The value of the award is reflected in the New Jersey Economic Development Authority agenda from March 24, 2017, available at: http://www.njeda.com/pdfs/agendas/03242017_agenda.aspx#page=42.

Notes: 

The company was approved for $79 million over 10 years to move to an office tower at the Camden's Waterfront. The subsidy will come from the state's Grow New Jersey Assistance Program, a corporate business tax credit. The jobs number includes 341 relocated jobs from Cherry Hill and Voorhees and no new jobs. See related 2017 megadeal entries for the same office tower for Conner Strong and The Michaels Organization. Overlaps with main Subsidy Tracker data: a 2017 Grow New Jersey Assistance Program entry for the company for $79 million.

Source Notes: 
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