HOBOKEN – A large education textbook publishing company could be moving from Bergen County to Hoboken’s waterfront, according to a story in The Record.
The textbook publisher Pearson Education has a lease in Upper Saddle River until 2014, and the company recently applied for a $90 million tax break through the Urban Transit Tax Hub Credit, according to the report. In order to be eligible for the tax credit, Pearson would have to move to a transit accessible city, like Hoboken.
The New York Post also reported in June on the possibility of Pearson’s potential move to Hoboken, naming the office building on the south waterfront on River Street next to the W Hotel as the rumored destination.
Pearson employs approximately 1,200 workers in Upper Saddle River, and a spokesperson told The Record that the company would not comment until after they are done “researching potential locations.” – Ray Smith