Company: The Michaels Organization, LLC Parent Company: Subsidy Source: state Location: New Jersey City: Camden County: Camden Project Description: Consolidation, relocation and expansion Year: 2017 Subsidy Value: $79,378,750 Program Name: Grow New Jersey Assistance Program Awarding Agency: New Jersey Economic Development Authority Type of Subsidy:
Number of Jobs or Training Slots: 275 Wage Data: $73,202 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: (click here). 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 87 new jobs and 188 relocated jobs from Marlton. See related 2017 megadeal entries for the same office tower for Conner Strong and NFI. Overlaps with main Subsidy Tracker data: a 2017 Grow New Jersey Assistance Program entry for the company for $79 million. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.