Lockheed Martin has received $107 million in tax credits from the New Jersey Economic Development Authority to operate a facility to Camden, N.J., according to The Philadelphia Inquirer.
The project is just one of six approved by the EDA providing a total of $130 million in assistance. The projects represent more than $194 million in private investment, the creation of more than 125 new, permanent jobs, and the retention of 250 jobs "at risk" of leaving the state, according to an EDA statement.
Diogenix Inc., a molecular diagnostics company, is moving a small laboratory from Maryland to the Camden "in order to expand and transform it into a federally-compliant and accredited facility," says an NJ EDA statement. The Inquirer says it's a done deal, with Diogenix being awarded $7.45 million over 10 years. Read more about the big move on PBJ.com
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