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$33.6M incentive for Trenton company to stay in N.J. 1 of 7 approved by EDA

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The Hibbert Company, a Trenton-based printing and marketing campaign management firm, was approved Tuesday for a 10-year, $33.6 million Grow New Jersey award from the Economic Development Authority in hopes that it will renovate its over 100-year old facility in the state's capital.

Hibbert, according to the EDA, is also considering a move to Langhorne, Pennsylvania. Some 259 current in-state jobs are deemed at risk of moving to Pennsylvania.

If Hibbert chooses to stay in New Jersey, the project would yield an estimated net benefit back to the state of $3.6 million over 30 years, the EDA said.

The EDA also approved a 10-year, $17 million Grow New Jersey award for U.S. Mobile Phones Inc., a Brooklyn-based global wholesale consumer electronics distributor and remarketer, to establish a new headquarters in Elizabeth.

The project is estimated to bring 200 new jobs with it to New Jersey and carry a net benefit of $2.3 million over 20 years to the state.

Two Economic Redevelopment and Growth Grant awards totaling over $34 million were approved for two projects in Camden. A $20.4 million award was slated for One Cooper Residential Urban Renewal, while the Parking Authority of the City of Camden was approved for a $14 million award for a project at 100 Federal Street.

Tuesday’s meeting also saw over $40 million in incentives approved for two projects proposed for the former Bell Labs site in Holmdel.

Other awards approved Tuesday include:

CompoSecure LLC
Service: Card manufacturer
Location: Franklin Township
Award: 8-year, $4.2 million Grow NJ
Benefit: $32.7 million to the state over 20 years.
Notable: Would create 91 new full-time jobs, retain 123 full-time positions.

Edison Lithographing & Printing Corp.
Service: Printer
Location: Pennsauken
Award: 10-year, $8 million Grow NJ
Benefit: $4.9 million to the state over 20 years.
Notable: Would create 95 full-time positions.

Greener Cleaner Inc.
Service: Commercial dry clearner
Location: Camden
Award: 10-year, $4.1 million Grow NJ
Benefit: $5.1 million to the state over 35 years.
Notable: Would retain 44 full-time positions.

H&M Hennes & Mauritz LP
Service: Fashion retailer
Location: Secaucus
Award: 10-year, $4.2 million Grow NJ
Benefit: $24.9 million to the state over 20 years.
Notable: Would create 45 full-time jobs, retain 110 full-time jobs.

Nobel Biocare Procera LLC
Service: Implant-based dental restoration manufacturer
Location: Mahwah
Award: 10-year, $2.4 million Grow NJ
Benefit: $48.1 million to the state over 20 years.
Notable: Would create 11 new full-time jobs, retain 151 full-time positions.

PuraCap Pharmaceutical LLC
Service: Pharmaceutical provider
Location: Piscataway
Award: 10-year, $3.1 million Grow NJ
Benefit: $20.7 million to the state over 20 years.
Notable: Would create 75 new full-time jobs, retain 50 full-time positions.

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Andrew George

Andrew George


Andrew George covers the Statehouse from NJBIZ's Trenton bureau. Born and raised in N.J., Andrew has also spent time as a reporter in D.C., Texas and Pa. His email is andrewg@njbiz.com.

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