A Brooklyn-based online food company, Gourmet Nut, was granted $1.2 million in tax incentives over 10 years by the state’s Economic Development Authority.
The online food distributor is considering a 61,950-square-foot facility in Perth Amboy as it looks to increase cost-effectiveness and expand into different retail channels. The move is expected to create 110 new jobs, and Gourmet Nut will invest $6.4 million in the state. The company is a competitor of Nuts.com, which announced in July that it would create a new facility in Jersey City. Gourmet Nuts is also considering a location in Allentown, Pennsylvania.
All in all, the EDA granted a total of $15.4 million in tax incentives through its Grow NJ program, which is up for renewal next year by the new state governor.
“New Jersey has a long, rich history in the food industry and is home to many leading food companies,” EDA CEO Melissa Orsen said during the monthly meeting. “The state holds a special appeal for food manufacturers based on its logistical advantages and highly-skilled labor pool.”
The EDA also approved $300,000 in annual tax incentives to Schuster Meat to move from the Bronx to a 53,000-square-foot facility in Lodi in Bergen County. The move is expected to result in the creation of 40 new jobs and the investment of $8.9 million in the state.
Elite Decor, a custom window treatment manufacturer in Brooklyn, was awarded $700,300 in annual tax incentives if it decides to purchase a 78,000-square-foot facility in Passaic County. The move is expected to result in the creation of more than 100 new jobs and a $2 million investment in the state by Elite Decor.
EDA officials would not provide any further comment on its expected announcement yesterday that the New Jersey Partnership for Action has made a specific proposal to lure Amazon’s $5 billion HQ2 facility to New Jersey.