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Later in 2001, Garban and First Brokers each applied for cash grants from the New Jersey Economic Development Authority (EDA) under its Business Employment Incentive Program (BEIP), a program established to encourage companies to locate in New Jersey.
The other three programs, Business Retention and Relocation Assistance Grant Program, the Business Employment Incentive Program and the Urban Transit Hub Tax Credit Program, no longer accept applications, however, are bound by obligations to pay to companies that meet the agreed-upon requirements.
Charles listed numerous advantages including the fact that tenants would have access to an educated talent pool, executive housing, a bucolic setting with magnificent views and might be eligible for the New Jersey Business Employment Incentive Program (BEIP).
Grant programs, such as the Business Employment Incentive Program (BEIP) and the Business Relocation Assistance Grant Program (BRAG) reward job creation, retention and capital investments in New Jersey.
Many tenants' decisions to come to or remain in New Jersey have been based in some part on the BEIP (Business Employment Incentive Program).
SG will benefit from numerous New Jersey State incentive programs, including the Business Employment Incentive Program provided in the state's Urban Economic Zones.
The company, which received a $52 million grant from the states' Business Employment Incentive Program (BEIP), will relocate 1,600 employees from Manhattan and is expected to create an additional 650 jobs here.
Daiichi also qualified for grants under the Business Employment Incentive Program legislation.
Additional benefits to businesses exist under the New Jersey Business Employment Incentive Program (BEIP).
C & W's technology enterprise group assisted NPS in securing some $7.5 million in Business Employment Incentive Program and customized training grants.
First, New Jersey has not only reinstituted, but also has improved, the Business Employment Incentive Program (BEIP).
"With the Business Employment Incentive Program, New Jersey can give back to a company that relocates there up to 80% of the income taxes paid by all of the employees that were moved," said Steven Spinola, president of the Real Estate Board of New York.
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- Business Education Compact
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