TRENTON, N.J. (AP) - A southern New Jersey company that makes components for power plants is seeking a $260 million 10-year New Jersey tax break to do business in Camden.
The state Economic Development Authority's agenda for Thursday includes the application from Marton-based Holtec International. The company did not immediately return a call.
If approved, it would be the third-largest business tax incentive ever granted by New Jersey, trailing only the American Dream development in East Rutherford and Revel Casino Hotel in Atlantic City.
Holtec, whose board of directors includes political powerbroker George Norcross, would be the second firm to take advantage of special incentives passed last year for development in Camden.
To receive the tax break the company is seeking, it would have to have at least 250 jobs in the city.
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Rain at times expected tonight, Friday, and early Saturday. Another fall-like blast of cool weather to follow for the weekend.
Expect unsettled weather through Saturday morning as waves of showers and thunderstorms move through the area. Some of the storms may bring heavy downpours later this afternoon.
It's still muggy out there. Things start to change tomorrow afternoon, as the rain clears out, and much cooler air moves in making it feel more like fall. Sunday is nice with a cool breeze and unseasonably low temperatures which last though early next week.