NY jewelry company awarded $16M tax break to move to Secaucus

SECAUCUS – The New Jersey Economic Development Authority (EDA) awarded a $16 million tax break to jewelry maker Frederick Goldman, Inc., a New York-based company, to encourage them to move their operations to Secaucus.
The 67-year-old company currently has 19 jobs in New Jersey. Moving the main operation from Manhattan to Secaucus would bring 214 additional jobs to the region.
Frederick Goldman is apparently also considering a location in Rockland County that they say would be less expensive. The tax incentive through the Grow New Jersey program is designed to encourage them to choose New Jersey for investment and development. If the company does opt for Secaucus they are expected to create a 60,000-square foot headquarters and manufacturing operation on County Road.
The company specializes in bridal and fashion jewelry.

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