Officials gathered at the southern end of the Camden waterfront on Wednesday to break ground on the much anticipated Holtec International project.
The project, which calls for a 600,000-square-foot manufacturing and technology center, was approved last year for $260 million in incentives by the Economic Development Authority. Holtec will also be making a capital investment of $260 million, which officials hailed as the largest single private investment in the city’s history.
“Today, we are all bearing witness to Camden’s real transformation,” said Mayor Dana Redd. “The city is proud to welcome Holtec International as our new world-class business partner. Holtec is not only committed to building a state-of-the-art technology and manufacturing facility, they are ready and willing to build human capital by proving real job opportunities for Camden residents.”
Holtec President Kris Singh said the future facility will be a “cathedral of industry.”
“We are acutely aware of our social responsibility,” said Singh. “We will work with the state of New Jersey and the city of Camden to leverage our plant to serve as a training academy to help young men and women, especially unemployed Camden residents and veterans, to acquire skills that yield well-paying jobs. Our center also serves to signal the renaissance of manufacturing in the United States powered by private enterprise.”
Lt. Gov. Kim Guadagno called the project’s development a “strong new day for Camden.” She said she had personally worked on the project for the last five years.
“It is incredibly satisfying to be here to see the largest single investment ever in Camden start to come to life,” Guadagno said. “We will continue working toward this city’s renewal, with projects like Holtec’s technology campus. Today, we celebrate not only hundreds of new and retained jobs, but also Holtec’s commitment to the Camden community and its continued presence in New Jersey’s innovation ecosystem.”
U.S. Rep. Donald Norcross (D-Camden) said that Holtec is the “perfect partner” for the city to reestablish itself as a manufacturing hub.
“On the same site where the New York Shipyard built the first nuclear powered merchant ship, Holtec will now build the next generation of clean, reliable, carbon-free energy,” Norcross said.
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