The deal, if accepted by Mars Wrigley Confectionary would move 113 jobs from Chicago and 370 jobs from Hackettstown to Newark.

TRENTON — The state Economic Development Authority Tuesday approved a 10-year, $31 million tax enticement to the Mars candy company in Hackettstown that would bring 483 jobs to Newark, including 113 new jobs for New Jersey.

Mega candy maker Mars Wrigley Confectionary US LLC executives are planning to expand in either New Jersey or Illinois, where the famed candy maker already operates regional facilities.

By a 11-0 vote and one recusal, the authority approved a $3.1 million annual tax credit package over 10 years. Mars Wrigley would make $42 million capital investment in a leased 110,000-foot office complex, a half-mile from Newark Penn Station, according to the company’s application to the Grow New Jersey Assistance Program.

If Newark prevails over Chicago, Mars Wrigley would move 113 jobs from Chicago and 370 jobs from Hackettstown to Newark.

The tax credits are crucial to New Jersey’s pitch, according to the application.

“The location analysis submitted to the Authority shows New Jersey to be the more expensive option and, as a result, the management of Mars Wrigley has indicated that the grant of tax credits is a material factor in the company’s location decision.”

The application does not say exactly where the building would be located.

Sources familiar with the grant applications reportedly told ROI-New Jersey the headquarters would be located in the Ironside Newark — a 456,000-square-foot commercial and retail center currently being renovated.

Upon completion, the building will serve as the cornerstone of the Mulberry Commons project, a development that promises to link the Prudential Center arena and Newark Penn Station.

If the deal goes through, it would be a return to Newark for the candy giant, which

Source:: New Jersey Real -Time News

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