EDA OKs $15M in incentives for pair of N.Y. food firms to move to N.J.

The New Jersey Economic Development Authority on Thursday approved Grow New Jersey tax credits that could lure two New York food manufacturers to the state, it announced.

Brooklyn-based Gourmet Nut Inc., a maker and distributor of nuts and other snack foods, was offered $1.21 million per year over a 10-year period in Grow NJ credits to relocate to a 61,950-square-foot facility in Perth Amboy. The move would create more than 110 jobs and lead to more than $6.4 million in investment. Gourmet Nut is also considering a site in Allentown, Pennsylvania.

Bronx-based meat manufacturer Schuster Meat Corp., meanwhile, was offered $300,00 per year over 10 years to relocate to a 53,000-square-foot site in Lodi. The move would create 40 jobs and lead to more than $8.9 million in investment. Schuster Meat is also considering a lease in the Bronx.

“New Jersey has a long, rich history in the food industry, and is home to many leading food companies,” NJEDA CEO Melissa Orsen said in a prepared statement. “The state holds a special appeal for food manufacturers based on its logistical advantages and highly skilled labor pool.”

Another project that received Grow NJ tax incentives was Brooklyn-based Elite Décor Inc., a window treatment manufacturer, which received an offer of just over $700,000 per year for 10 years to move to Clifton instead of Middletown, New York. The move would create more than 100 jobs and bring in more than $2 million in investment.