A New Jersey company is being offered a $164 million incentive to move about 10 miles, but the firm has not decided on whether to take the deal.
The New Jersey Economic Development Authority on Tuesday awarded American Water Works tax credits worth $16.4 million a year for 10 years to move from Voorhees to Camden.
In a statement, the company calls the offer “an important step in our decision-making process.”
In filings with the state, the company says it would move 496 jobs from elsewhere in southern New Jersey and bring in 100 additional workers if it consolidates its headquarters in Camden.
The company also says it is considering a move to nearby Philadelphia.