Roebling Center is located in a Garden State Growth Zone, qualifying for Grow NJ tax incentives at some of the highest levels anywhere in the state. You owe it to your bottom line to understand the implications.
New Jersey offers powerful business tax incentives that can help you take your company to the next level, incentives that are very competitive with programs offered by neighboring states. Created by the New Jersey Economic Opportunity Act of 2013, the Grow New Jersey Assistance Program (Grow NJ) has helped new and relocating companies create thousands of new jobs in the state while helping New Jersey companies invest and grow.
Because of the Garden State Growth Zone (and some other factors such as proximity to transit), Roebling Center's location earns more:
- Higher per-job basic incentives
- Retained jobs earn 100% of the incentive, rather than 50% outside of a Growth Zone
- "High Wage" bonuses based on the City of Trenton's lower median income (instead of Mercer County's)
- Additional bonuses: e.g. for transit location, sustainability, and many other criteria (which depend, in part, on your specific business application)
The bottom-line is likely to be many thousands of dollars in incentives per qualifying job, per year, for 10 years. Depending on your business, the resulting incentives could be several times what you would receive by locating even in priority areas such as the Princeton Route 1 Corridor, and will substantially offset the full cost of leasing at Roebling Center!