State tech grants avoid South Jersey
Just 2 of 54 tax credit beneficiaries are below Princeton
Just 2 of the 54 biotech, energy and software companies that will split $60 million in giveaways arranged by the New Jersey Economic Development Administration are in South Jersey, according to a list posted by the Christie administration. The firms (each with fewer than 225 employees) can "sell" losses and R&D tax credits for cash under the state's Technology Business Tax Certificate Transfer Program in the current fiscal year.
The list would appear to locate most of Philly's NJ and Shore suburbs outside the state's innovation belt, or at least beyond the attention of state subsidizers. Winners include IGI Labs Inc., Buena, Atlantic County; Agilence Inc., Mount Laurel; and 52 other firms located in Princeton and points north: