Suuchi Inc., taking advantage of a $37.7 million Grow New Jersey award, will stay in the Garden State, finalizing a lease to occupy a 113,110-square-foot facility at Kearny Point, ROI-NJ learned Friday.
Suuchi Inc., a woman-owned technology and supply chain startup that was featured in ROI-NJ in August, has agreed to create 410 advanced manufacturing jobs as part of the award.
The company was considering a competing location in Charlotte, North Carolina.
The company, which was founded by Suuchi Ramesh, an immigrant from India, began operations in 2016.
Suuchi Inc. designs, manufactures and ships clothing for American fashion brands and Fortune 1000 companies. The company’s proprietary technology, Suuchi Grid, connects businesses with its “smart” shop floor, giving businesses and their customers real-time access to their supply chains, including updates and analytics on sourcing, design, production and drop shipping.
The company employs individuals from 27 different nationalities, 75 percent of which are women. Suuchi Inc. is also home to Suuchi University, which trains the local community in advanced manufacturing skills before and on the job.
The founder and CEO, Ramesh, said she was happy to remain in New Jersey, which she said has helped her company grow.
“We have experienced great success in New Jersey, and attribute much of our momentum to our ability to recruit savvy and skilled employees from a diverse pool of talent,” Ramesh said. “We are excited to continue to grow and support our customer base, while contributing to the local economy.”
Gov. Phil Murphy said keeping companies such as Suuchi Inc., is a priority.
“Visionary companies like Suuchi Inc. recognize that New Jersey provides access to an unparalleled pool of skilled, diverse talent, and the distinct logistical advantages of our unmatched location,” Murphy said in a statement.
“A critical part of our vision for a stronger and fairer New Jersey economy is creating an environment that fosters the growth of diverse and innovative companies in high-growth sectors, including advanced manufacturing. We are delighted that Suuchi Inc. has chosen to grow here and provide more opportunities for New Jerseyans.”
Grow NJ tax credits of up to $37.17 million over 10 years were approved for Suuchi Inc. at the Economic Development Authority meeting in September.
Suuchi Inc. will be located at Kearny Point, a 2 million-square-foot flexible office and light industrial business hub on 130 acres undergoing redevelopment in Kearny. Kearny Point is home to Building 78 and Kearny Works, a collaborative workspace offering creative office and coworking options for a diverse community of pioneering businesses. Building 78 was recently approved under NJ Ignite, a new EDA program that provides rent support for technology and life sciences companies moving to incubators, accelerators or other collaborative workspaces in New Jersey.
“Making New Jersey the State of Innovation is a top priority of Gov. Murphy’s economic development strategic plan, and Suuchi Inc.’s business model aligns with this vision,” EDA CEO Tim Sullivan said. “Between its technology-based business model and its commitment to creating advanced manufacturing jobs, New Jersey is positioned to support Suuchi’s continued growth.”