Orsen noted that 28 percent of Grow NJ tax credits approved to date are for projects in the technology and life sciences sector.
Technology projects approved today include Israel-based NICE Systems, Inc. a software solutions provider whose solutions enable organizations to capture, analyze and apply insights from both structured and unstructured data. NICE Systems’ North American headquarters are currently located in Paramus, but the company is considering a move to either Hoboken or White Plains, New York. NICE Systems, which was approved for up to $22.8 million in Grow NJ tax credits over ten years, would create 200 new jobs and retain 140 jobs at risk of leaving the State.
SunGard Data Systems Inc., which is also considering expansion in Hudson County, was approved today for up to $8 million in tax credits over ten years. The financial, public sector and education software services company is considering relocating to a larger facility within Jersey City when its current lease expires, or expanding at an existing company location in Jacksonville, Florida. The project is expected to create 75 new jobs and retain 160 jobs at risk of leaving the State.
In Monmouth County, Wayside Technology Group Inc., which provides computing products and solutions to corporate IT organizations, government agencies and educational institutions, is considering a move from its current Shrewsbury location, in order to consolidate its headquarters and warehouse operations. The company is reviewing the options of purchasing an existing property in the Oceanport section of Fort Monmouth or expanding at a company location in Arizona. The project, which was approved for up to $2.6 million in tax credits over ten years, would bring 35 new jobs and more than 100 jobs at risk of leaving the State to the Fort.