Contact Us
Make My Homepage

NJ gives firm $6M tax credit to move one floor

JERSEY CITY (AP) — New Jersey is giving an Atlanta-based company $6 million in tax credits to move its rented office space up one floor in a Jersey City high-rise.

101 Hudson Street in Jersey City
101 Hudson Street in Jersey City (Google Street View)

Payment processing firm First Data has offices in New York and recently rented space for 26 employees on the 39th floor of 101 Hudson Street.

The Jersey Journal reports the state Economic Development Authority approved the tax credit over 20 years, saying First Data was considering a move to Atlanta. The EDA says the expansion to the entire 40th floor will result in 74 new jobs.

In a statement, Mayor Steve Fulop praised the EDA’s decision, saying state officials are helping to bring more businesses to his city.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed)

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.