When Lt. Gov. Kim Guadagno set out to create the state’s Business Action Center, the aim was to attract as many quality employers to New Jersey as possible. That strategy seems to be bearing fruit.
Recently, Celsion, a biotech company that is developing cutting-edge cancer treatments, decided to relocate from Maryland to New Jersey. The company says it chose the Garden State over Pennsylvania and Massachusetts in part because of enticements such as grants offered through New Jersey’s Business Employment Incentive Program. When companies create new jobs, the program reimburses state payroll taxes.
The Business Action Center’s mission is to attract new employers to New Jersey. It serves as a “one-stop shop,” helping businesses identify specific state incentive programs for which they may be eligible and smoothing the flow of paperwork and permits required to set up shop in New Jersey.
Find more information at www.state.nj.us/njbusiness/bac/.