338 employees at Progresso Foods lost their jobs as a result of the company shutting down its Vineland plant.
But, the good news is Gov. Christie announced Thursday F&S Produce was approved for tax credits under the Grow New Jersey (Grow NJ) Program. This means the manufacturer can relocate to the plant and offer those hundreds of former employees new jobs. It’s also a plus for F&S, which needed to expand due to significant growth and increasing demand for its products.
“Since we learned of the pending closure of the Progresso Foods plant, which had been a presence in South Jersey for decades employing hundreds of our residents, we have advocated for another company to utilize the facility and retain those employees,” Gov. Christie said. “F&S Produce not only will keep a major food processing operation at the site, but they plan to expand and increase the number of workers. This is an important step to ensuring a stable and growing economy in the southern part of the state.”
“This project exemplifies why Grow NJ was created – to drive growth in targeted industries and ensure the creation and retention of jobs in the state,” said EDA Chief Executive Officer Melissa Orsen.
Grow NJ is the Garden State’s job creation and retention incentive program. It’s administered by the New Jersey Economic Development Authority (EDA).
The EDA Board approved up to $21.7 million in Grow NJ tax credits over ten years to support F&S’ move to the W. Elmer Road facility, which would involve the creation of 60 new jobs, the retention of 380 jobs at risk of being relocated out of state, and private investment of nearly $18.79 million.