TRENTON – The Economic Development Authority on Tuesday approved Business Employment Incentive Program grants for three businesses.
The recipients include:
*Dade Paper and Bag, a Fort Lauderdale, Fla.,-based distribution company, that has the option of staying in New Jersey, or expanding its operations at its regional center in Jessup, Md. There are 23 jobs at risk.
To keep Dade here, the EDA awarded a BEIP for $86,437. However, that amount could increase to as much as $230,500 if more people are hired, among other criteria, EDA officials said.
The BEIP will help Dade find a 150,000-square-foot facility in the South Brunswick-Cranbury area.
Dade, which distributes items like food disposables and janitorial supplies, also has a facility in Bellmawr in South Jersey.
*Nosco Inc., of Branchburg, a full-service packaging company. The company, which has 475 employees in Illinois, wants to expand in the Northeast. The company proposed to create 51 jobs in New Jersey. The BEIP award is for $307,026.
The employee-owned company creates folding cartons, roll labels , variable barcodes, and other items.
The company expects to create as many as 20 jobs, but could create as few as 10 jobs. The BEIP award is for $561,630.
All of the BEIP grants are over a 10-year period.