Incentives bring S. Jersey company, 200 new jobs into Philadelphia

A South Jersey company is moving its headquarters across the bridge to Philadelphia. 

 

The construction management firm Hill International has signed a deal to occupy 60,000 square feet of office space at 2005 Market St., moving more than 200 workers from its current corporate headquarters in Marlton, New Jersey.

The company is relocating to Philadelphia because the labor pool is better, said David Richter, chief operating officer.

“You see in a lot of places — not just Philadelphia — you see young people returning to live in cities,” he said. “We’re only about 30 minutes outside of Philadelphia, but we think being downtown is going to create a much better hiring environment for us with a much better labor pool.”

Philadelphia was the only alternate location that company officials considered,  he said.

“We received a lot of help as far as financial incentives from the commonwealth and from the city of Philadelphia,” Richter said. “It was certainly not a cheap thing to do … our rent is more expensive, we’re taking more space, and there is a significant construction buildout before we move in next May. Incentives are going to cut down on that cost.”

Hill International still needs to formally apply for the incentives and tax credits.