N.J. OKs $17M in tax credits for company bringing 178 jobs to Trenton

The South Jersey Times ^ | March 17, 2017 | Cristina Rojas

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TRENTON -- A tech company is choosing to relocate to Trenton over Wilmington, Delaware, after securing more than $17 million in state tax credits.

The state Economic Development Authority on Thursday approved the Grow New Jersey tax credits for Maestro Technologies, a technology consulting and data management systems firm.

Now headquartered in Edison, Maestro has a small office in Watchung and several employees who work remotely or at client sites across the country.

CEO Kamal Bathla says the company wanted to centrally locate the staff into a new headquarters to better facilitate training, efficiency and product development.

Maestro was deciding between a 40,000-square-foot space at 1 West State St. in Trenton or a similarly sized space in Wilmington, Delaware, where it has an existing customer base and staff, but ultimately chose New Jersey because the state offered a better incentive package.

The credits will be doled out over 10 years -- $1,735,500 each year....

[eyedigress]

OK.